Trends in Data Science which will be highly impactful | Edwisor
Data Science as a subject and field is a very lucrative way to get a lot of benefits in a gradual manner. With a high propensity for growth and a lot of scope to diversify, Data Science as a subject is as rewarding as it is deep. As a Data Scientist you are expected to learn and know a variety of subjects and utilize them all in the work that you do
With data being the “oil of the future” companies are highly invested as technologies increase and work becomes increasingly automated. In this new industrial paradigm, people who can analyze and make sense of all the data are very valuable to companies. Such individuals have the benefits of being highly recruitable and also see high growth in their chosen industries.
Since the pandemic in 2020, data and the ways companies use that data has rapidly changed. With the basic ways industries work being turned on its head, the ways in which the data was created itself had a shift. Companies taking notice of this looked to Data Scientists to create better opportunities for them to market and sell to their customers.
Continuing this rise in data being created and analyzed in the industry, some specific trends were taken note of that could become the norm going forward :
AI and Automation are going to be VERY important
We have seen how companies managed to stabilize themselves and their processes using the increase in automation and remote working to their advantage. Continuing the trend, AI will be playing a big role in making that remote working and increased technological dependence work in a positive way. From the amounts of data generated, to the increase in automated processes and devices used, AI will play a big role in organizing, maintaining and fulfilling all the requirements that come with it far more efficiently.
Data Scientists will become all the more important
Data is the new oil and Data Science is the hot new thing in the industry that is going up in value everyday as a norm. With massive amounts of data coming into existence on a daily basis, companies are taking note of how to leverage that data and utilize that to make the best business decisions. To do that, they will need a steady source of competent data scientists. Hiring managers are looking at providing this pool of professionals which makes data science a lucrative career option.
Cybersecurity is something that will be on everyone’s mind
From Facebook to Whatsapp, online security of profiles and personal information is the big topic of discussion across industries. This subject has been getting a lot of attention and companies are scrambling to get their cybersecurity systems working as fast and being as robust as possible. With the push towards automation, AI in this field will help tremendously in getting security systems up and running as efficiently as possible.
Cloud will become a staple of data processing and management
With the start of the new year, over 35% of all information produced will go through the cloud. Experts who keep abreast of the market condition can leverage efficient data analysis and go through multiple data sources can easily take advantage of various opportunities to realize objectives. Companies like Xerox have leveraged this to reduce attrition at its call centers by over 20% and KPMG and IBM are looking at “cloud first” strategies. Cloud can drive an Indian development plan using the cloud to scale the reach of various services across sectors.
With Data Science coming to the forefront of every industry going forward, individuals proficient in the processes and technologies will be highly prized. Training for such a post is not an easy job, but edtech agencies like Edwisor are paving the way for a new generation of candidates to reduce the gap between skills and hiring and to get the entire industry up and running for the future.
