Data Science refers to the theories, collective processes, concepts, technologies and tools that help to analyze, review and extract key information from raw data.
In today’s business terms, data science is all about using the raw data to make better decisions and generate business value.
2. What Is Data Science?
■ Data Science refers to the theories, collective
processes, concepts, technologies and tools that
help to analyse, review and extract key information
from raw data.
■ In today’s business terms, data science is all about
using the raw data to make better decisions and
generate business value.
3. Why Do Businesses Use Data Science?
■ Empowering the management to make better
decisions.
■ Directing actions based on trends—which in turn help
to define goals.
■ Challenging the staff to adopt best practices and
focus on issues that matter.
■ Identifying opportunities.
■ Decision making with quantifiable, data-driven
evidence.
■ Testing these decisions.
■ Identification and refinement of target audiences.
4. Why Is Data Science Such a Hot Career
Right Now?
■ A career in data science is one of the most lucrative
careers in the 21st century with a job score of 4.8 on
5.0 and a job satisfaction score of 4.2 on 5.0.
(Source: businessinsider.com)
■ Harvard Business Review crowned Data Science as
the sexiest job of the 21st century and IBM
speculated a 28% increase in demand for Data
Scientists by 2020.
■ Every industry and sector is now looking up to data
analytics to drive competitive differentiation
5. What Data Science Roles Are out
There?
Business
IntelligenceAnalyst
Data Mining
Engineer
Data Architect
Data Scientist
Senior Data
Scientist
6. What Skills Do I Need?
Understanding of Statistics
Statistical Programming
StatisticalTechniques and Algorithms
Business Knowledge
Communication
7. How to Start a Career in Data Science?
Choose the right
role
Take up a course
and complete it
Choose a tool /
language and stick
to it
Join a peer group
Focus on practical
applications and
not just theory
Work on your
Communication
skills
8. Which Colleges in India Provide Data
Science Courses?
■ Great Lakes Institute of Management, Gurgaon / Chennai / Bengaluru
■ SP Jain School of Global Management, Mumbai
■ Indian School of Business and Finance, New Delhi
■ Narsee Monjee Institute of Management Studies, Mumbai
■ MISB Bocconi, Mumbai
■ Indian School of Business (ISB), Bengaluru
■ IIM Bangalore
■ Institute of Finance and International Management (IFIM), Bengaluru