With massive layoffs across multiple tech companies, the time has arrived in re-skill into something that is rewarding and authoritative -Data science. By the year 2020, the net worth of the data-driven business will be $1,2 trillion. Data Scientists who after acquiring the right skills by enrolling in data Science online course are employed to propel the data strategies of companies and can help them adopt different data-centric approaches.
Talent Skills Of Data scientists
Data Science requires a thorough understanding of Data Analytics, Artificial intelligence, data mining, machine learning, and other related fields. There are a plethora of Data Science online courses for reputed EdTech that help professionals to sharpen and update their skill database.
The skills required for Data Scientists to make a momentous contribution to the organization are:-
- Statistics
- Data Extraction, Loading, and Transformation
- Data Wrangling and Data Exploration
- Advanced Machine Learning
- Data Visualization
- Big Data Processing Frameworks
Impact On Organizational Growth
Data Scientists help the enterprise to hook on to the bright future of data science. Organizations require knowledgeable professionals with data science certification from XLRI who have had peer-peer interactions and gained exposure to the latest cutting edge developments.
Here are 5 factors in which Data Scientists impact Organizational Growth:-
- Formulating Actionable Data
Inferiorly crafted data is the biggest obstacle to the success of data science. CDO and CIOs should goad the data scientists to enhance data quality in order to expedite data science projects and reduce failure. This ensures high data quality and provision of data to the team that can be used effectively to the project at hand and is actionable.
- Shortage of Data Science Talent
Data Science is a fast-growing area, but the demand is far exceeding the supply. The solution lies in recruiting and looking for alternate options of hiring professionals from arenas such as Analytics and BI, which are sub-components of Data Science.
- Expediting “Time to Value”
Data Science includes creating a hypothesis and testing, making the entire process an iterative one. This two-way approach requires the proficiency of many experts. Enterprises need to find ways to hasten this “effort, repeat, test” process to increase the probability of quality forecasting.
- Transparency for Business User
The adoption of a data science application is facing a big barrier that is the lack of trust from business users. Data scientists need to build reliable machine learning modules to earn the trust of business users that the product they’re getting will work for their organization.
- Enhancing Operationalization
Difficulty in the operationalization of Data Science adoption is an obstacle that needs to be resolved quickly using fine-tuning the Machine Learning model to be an effective post-production procedure that is the most important part of the operationalization process.
Final Thoughts
There will be an exponential increase in the demand for data scientists with the relevant skills and training. Data Science will soon be permeated with Artificial Intelligence and Machine learning. Organizations need to take this factor into account while recruiting, training, and orienting data scientists in new models of data-driven analytics.
