What Is Data Science?
First of all, data science is an interdisciplinary field. In this article, we’ll cover the key aspects that you can expect to encounter in a data scientist role. Data science is, in fact, a very broad discipline, which continues to expand with new data-related needs.
Type of data used:
Activities performed on the job
Time allocation
Key skills
Frequently used data science methods
What Types of Data Do Data Scientists Use in Their Analysis?
The answer is: they use both structured and unstructured data. Structured data comes in the form of Excel spreadsheets and CSV files. Examples of such data are client tables and spreadsheets with transaction information. Unstructured data, on the other hand, is everything else: images, video, and audio files, all types of other data we can have. Reportedly, unstructured data represents more than 80% of all enterprise data, so every data scientist worth their salt should be able to take advantage of it.
What Are the Main Data Scientist Responsibilities?
It depends mostly on company size. In larger enterprises, there will be a higher degree of specialization as the company is able to afford more resources. The main activities that a data scientist can perform – but not necessarily does – in a business environment are:
Data collection and storage
Data preprocessing (also referred to as data cleaning)
Data organization
Data visualization and the creation of KPI dashboards
Experimentation and A/B testing
Statistical inference
Building ML models
Evaluating ML models
Deploying ML models
And Monitoring how ML models perform
Which Data Science Tasks Take Up the Most Time?
Ask anyone in the industry and you will hear the same answer. They’ll tell you they spend 80% of the time in an effort to make a hypothesis, find the necessary data, and clean it. Only 20% of the useful hours are dedicated to performing analysis and interpreting the findings.
What are the Key Data Scientist Skills?
There are many abilities that you should have in order to become a skilled data scientist. Some of the most frequently used data science techniques are:
Statistical inference.
Linear regression.
Logistic regression.
Machine Learning techniques such as decision trees, support vector machines, clustering, dimensionality reduction.
Deep Learning methods – supervised, unsupervised, and reinforcement learning.
Regardless of the method, a data scientist’s end goal would be to make a meaningful contribution to the business – to create value for the company.
How Does Data Science Make a Meaningful Contribution to the Business?
We can distinguish among two main ways to do that. First, help a company make better decisions when it comes to their customers and employees. We hope you enjoyed this article and learned something new. Now that you have a basic understanding of the field of data science, you might be wondering where to start your learning journey. Our Introduction to Data Science course offers a beginner-friendly overview of the entire field of data science and all its complexities.
https://365datascience.com/trending/data-science-explained-in-5-minutes/
From the blog CS@Worcester – The Dive by gonzalezwsu22 and used with permission of the author. All other rights reserved by the author.