Why Big Data Analytics is a good career move
To become a data scientist, aspirants need to have expertise in data science and analytics-related tools such as R, SAS, Python, SPSS, along with a sound understanding of statistics
Data Analytics, Data Science, Big Data. These
are not just buzzwords, but catalysts in growing businesses.
Social networking has become an important
part of our lives, where an increasing number of users shop, post messages,
tweet and surf.
Their online activity logs contain huge information.
Similar is the case with sensor-based monitoring, satellite-based observations
and Sensex-based logs.
All these generate data at a high rate and
extracting information from these logs is not an easy task. Those who can do so
are called data scientists or business analysts.
They possess sound knowledge of mathematics,
statistics and computer science.
These data scientists not only analyse
existing data, but can also predict and forecast. The biggest challenge lies
not in analysing existing data, but pre-processing or data cleaning.
Sometimes, the data available at disposal may
not be authentic, so catching the correct characteristics of it is quite
challenging.
To become a data scientist, aspirants need to
have expertise in data science and analytics-related tools such as R, SAS,
Python, SPSS, etc, along with a sound understanding of statistics.
One should have knowledge of machine learning
and predictive modelling. Most sources in today’s web-dominated era generate
unstructured data, which may contain many imperfections such as inconsistent
string formatting, missing values, wrongly spelt words, etc.
There is a huge dearth and thus demand of
data scientists. Keeping this demand in view, the top engineering universities
have come up with specialised programmes to create such professionals.
Even the government has identified this need
and has started increasing the awareness among academia through the Department
of Science & Technology, which recently sponsored faculty development
programmes on Big Data Analytics across India.
Recently there was a report that data
scientists earn more than chartered accountants and engineers. Clearly, the
field of Data Analytics has huge potential.
By choosing the right university where a
student can learn the right set of skills, one find good opportunities in this
field.
Source | Financial Express | 29 August
2016
Regards
Pralhad Jadhav
Senior Manager @ Library
Khaitan & Co
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