The Indian Data Science Outlook

Posted by Biaclassroom on April 21st, 2021

“Information is the oil of the 21st century, and analytics is the combustion engine.” - Peter Sondergaard.

Meaning of Data Science

Data Science is a process that gives direction and meaning to the ample amount of data that a firm collects. Without data science, the information gathered by a business is just numbers with no purpose or worth.

This process involves various steps ranging from understanding the business requirements to deployment and optimization of data. The data collected during this process is cleaned and sorted to eliminate the unnecessary data that is of no use and reduce the complexity level of the problem. The data then undergoes exploration and analysis, modelling, validation, and deployment and optimization.

Need of Data Science                        

It is a known fact that modern businesses are awash with data. Today, different industries within a country could save billions of dollars in spendings and cost by just big data and data science initiatives. Bad data is roughly estimated to cost the US a whopping trillion a year. In the technologically advanced world, data is a byproduct of merely running businesses. Not making the best use of the gathered data is a cost incurred in itself.

Scope of Data Science in India

The 21st century is a technology-driven era ruled by data. The surge of data in developing countries like India and on the global platform as a whole is evidence that data science has a wide scope in the present and future scenarios.

Data Science is one of the latest trends that the world is adapting. From MNCs to small start-ups, every organization implements data science technologies for moving towards success and competing with their counterparts.

Healthcare to transport to E-commerce, there is a huge requirement for data scientists, making it one of the most sought-after careers in the present times. Data science is one of the most evolving fields and creates a high demand for data scientists.

A data scientist, along with having a knack for numbers, needs to attain proper knowledge, skills and expertise as well, which can be gained by getting trained from experts. Data Science courses in India are par excellence as you get hands-on training from professionals and industry experts. Every lecture is like a mini project and designed with a real-life case study approach. The students will not only learn various tools, algorithms and concepts of data science, but also get an opportunity to apply their skills and knowledge, and become an expert in the field.