Data science continues to evolve as one of the most promising and in-demand career paths for skilled professionals. Today, successful data professionals understand that they must advance past the traditional skills of analyzing large amounts of data, data mining, and programming skills. In order to uncover useful intelligence for their organizations, data scientists must master the full spectrum of the data science life cycle and possess a level of flexibility and understanding to maximize returns at each phase of the process.
A groundbreaking study in 2013 reported 90% of the entirety of the world’s data has been created within the previous two years. Let that sink in. In just two years, we’ve collected and processed 9x the amount of information than the previous 92,000 years of humankind combined. And it isn’t slowing down. It’s projected we’ve already created 2.7 zettabytes of data, and by 2020, that number will balloon to an astounding 44 zettabytes.
What do we do with all of this data? How do we make it useful to us? What are it’s real-world applications? These questions are the domain of data science.
Every company will say they’re doing a form of data science, but what exactly does that mean? The field is growing so rapidly, and revolutionizing so many industries, it’s difficult to fence in its capabilities with a formal definition, but generally data science is devoted to the extraction of clean information from raw data for the formulation of actionable insights.