June 24, 2014
Proliferation of social media, mobile, and sensor trends are leading to new kind of data, which when translated can create unimaginable outcomes. Thanks to internet, Organizations have collected large amounts of data about their customers. This BIG DATA can be used as a gold mine to improve their efficiency. big data market is estimated to grow 45% annually to reach $25 billion 2015. Organizations of all sizes are turning to individuals who have the capability to translate this data into predictive insights that direct in making business decisions.
Today, Data science is omnipresent. Transactions are blocked when some kind of frauds are suspected. Many resumes get shortlisted as an outcome of their past job interviews and hires. Sales and Marketing in Health Care companies predict insurance premium for customers based on their parameters as well as predict sales of products. Retail analytics are scrutinized to predict demand and plan capital budget. Paypal identified distribution of losses by treating its transactions from a risk standpoint, whereas predictive modeling is at the core of Google’s search engine. Even Facebook depends heavily on data science to develop innovative and interactive features that will encourage Facebook users to daily cling on to it.
The field of Data Science is broad, which can be divided into Big data and Hadoop, Business analytics and Data Visualization. A recent article in the Harvard Business Review has claimed that data scientist is the sexiest job of the century. Data Science is no more a backend function, but is now being used on the front lines of business. The best part about taking up this career is that it is not one-dimensional, as any person emerging from any field can take up this field. Having said that, it is one of the most sought career paths wherein you will be entitled to find tremendous opportunities and great compensation.
There are institutions which have started to respond to the job market’s needs. Professionals aspiring to make career in Big Data Analytics have a long way to go and are surely going to be in demand in the years to come. EduPristine is one such institution which is leading the way in Data Science to help you achieve the unthinkable. So, is your career, too, is future-proof?
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