[Music] so welcome to introduction to data science now data science is one of the fastest growing fields in the world with 6.5 times as many jobs opening in 2017 as compared to 2012 now the demand for data scientists is expected to increase in the future for example in may 2017 ibm projected that yearly demand for data scientists data developers and data engineers will reach nearly 700 000 within this year 2020. now the role of data scientists is now a buzzworthy career it has a staying power in the marketplace and provides opportunities for people who study
data science and make valuable contributions to their companies and societies at large here are the six things that should make you realize data science is the career of the future companies struggle to manage their data data privacy regulation increase in the needs for data scientists data science is still evolving data scientists have in-demand skills a staggering amount of data growth likelihood of a career advancement and opportunities now what is data science data science is adaptive iterative and face approach to analyze data perform within a systematic framework that uncovers optimal models by assessing and accounting for
the true costs of prediction errors it can be adapted to almost any kinds of problem solving methods in data it actually involves iteration in the mathematical or computational process of data it's also phase analysis that is why data science is included in a systematized essential structures by creating data models we can uncover optimal ones by assessment and accounting cost and error prediction it also combines statistical data analysis computer science business intelligence now what is data science data science allows us to extract knowledge from databases lets people leverage large amounts of data and computing power to
tackle complex questions patterns can arise which could not have been uncovered otherwise there are discoveries that can lead to powerful results in other words data science allows us to extract actionable knowledge from underutilized databases thus data warehouses that have been gathering dust can be leveraged to uncover hidden profit and enhance the bottom line data science lets people leverage large amount of data and computing power to tackle complex questions patterns can arise out of the data which could not have been uncovered otherwise these discoveries can lead to a powerful results such as more effective treatment of
medical patients or more profits for a certain company you
