Considering a career in Data Science? Good news: The U.S. Bureau of Labor Statistics estimates that the employment rate for data scientists will grow by 36% between 2021 and 2031, with 40,500 more jobs expected to be created in that time. As the amount of data generated globally increases at a rapid pace, so too does the […]
The Democratization of Data Science and AI: When Anyone Can Advance a Field
“The democratization of data science” or the “democratization of AI” have long been popular buzz phrases. “Citizen data scientists” poke through open-source datasets finding valuable insights and sharing them with the world out of an individual sense of curiosity. And although this absolutely does happen, the reality is most of the time these democratized advances have not […]
Five Must-Have Characteristics of Extraordinary Data Scientists
There’s no better time than right now to be a data scientist. Despite recent large-scale layoffs in major tech firms, the future is bright for data managers, analysts, data wranglers, and consultants. In fact, the number of jobs requiring Data Science skills is expected to grow by 27.9% by 2026, according to the U.S. Bureau of Labor […]
Data Science 101
Data Science is an interdisciplinary field that allows businesses to study and analyze large volumes of data and derive meaningful information from it. It combines elements of artificial intelligence, machine learning (ML), and knowledge engineering to uncover insights from data. Data Science uses ML techniques such as supervised learning, unsupervised learning, deep learning, and reinforcement learning […]
How Can Natural Language Processing (NLP) Help My Business?
Research reveals that the global natural language processing (NLP) market size is projected to grow by $33 billion within the next five years, an annual growth rate of 25%. The use of natural language processing for search capability is ubiquitous – from the Google-type “ask a question and get an answer” environment consumers love to the augmented […]
A Powerful Pair: Modern Data Warehouses and Machine Learning
Artificial intelligence (AI) technologies like machine learning (ML) have changed how we handle and process data. However, AI adoption isn’t simple. Most companies utilize AI only for the tiniest fraction of their data because scaling AI is challenging. Typically, enterprises cannot harness the power of predictive analytics because they don’t have a fully mature data strategy. To […]
Data Science Trends in 2023
Data and analytics are helping change the business world and as we head into 2023, this is the right time to predict how to work with data, by getting ready with the new year’s top data and analytics trends. Some of the top data-related trends driving the market today include advances in Data Science, data […]
2023 Predictions: Breakthroughs Incoming for AI and Data Science
Surprising though it may sound, most AI business applications remain rudimentary. Some industry spectators believe the market is flush with cutting-edge AI breakthroughs. But in truth, many providers mislabel rules-based tools – including robotic process automation (RPA) – as AI and ML. Seasoned DevOps teams and software engineers know that RPA – although useful in […]
What to Expect from AI, Data Science, and Wearables in Health Care in 2023
AI and data science have remained areas of focus in the last year and will continue to be top of mind for many tech companies in the coming year. Wearables, especially those with health monitoring capabilities, have also grown abundant as medical and consumer companies alike ramp up their offerings in response to increased demand. […]
Developing a Successful Data Science Project
While Data Science practitioners, aspirants, and enthusiasts often get caught up in the business benefits of Data Science, it is equally important to keep a close watch on the common pitfalls that need to be avoided to launch a successful Data Science project. By identifying and exploring why some initiatives fail, data scientists can learn […]