Data science is a multi-faceted discipline that combines the fields of statistics, computer science, mathematics, probability, algorithms, and programming. It is a new field, still in its infancy, and it has some amazing applications. The purpose of this course is to introduce you to the basics of data science and show you why it is the next big thing. Learn More
Data Science is the science of extracting information from data and using that information to solve problems. You might not know what data science is but chances are you’ve heard of Google, Facebook and Amazon. These companies rely heavily on data science to deliver products and services to their millions of customers every day. These three companies are only the tip of the iceberg when it comes to using data science. In fact, data science is the foundation behind all of modern technology. So how did this complex, seemingly esoteric field gain so much traction?
1. What is Data Science?
The data science method is a combination of statistical, mathematical, and programming skills. While it can include statistics, mathematics, and programming, data science is more than just the sum of its parts. It requires a mix of knowledge and skills to be successful. While the basic skills needed to become a data scientist are similar to those needed to be a statistician, there are key differences that will distinguish those who succeed from those who don’t. Read More
2. Types of Data Science
There are four main types of data science.
1) Machine Learning –
The idea is to teach computers how to learn and to automate processes.
2) Data Engineering –
Data engineering is all about making sure that data is stored in the right format, and that there are no missing values or errors in the data.
3) Deep Learning –
Deep learning is a type of machine learning that uses multiple layers of artificial neural networks in order to analyze data.
4) Natural Language Processing –
NLP is all about making computers understand natural language.
3. Data Science and Machine Learning
At a minimum, data science refers to the process of collecting, organizing, analyzing, and using data to improve decision-making and prediction. In other words, data science is an amalgamation of business intelligence, mathematics, statistics, and programming that enables us to better understand our business and customers. Machine learning is a subset of data science. It refers to the process of developing algorithms to analyze data and build models, such as predictive analytics.
4. Machine Learning Algorithms
Machine learning algorithms are the heart of AI. They’re the mathematical formulas that computers use to make decisions. The algorithms can be trained to recognize patterns in large data sets, and they can be programmed to do things that people normally take for granted—like the way humans drive, or how Google ranks websites. So how do they work? A machine learning algorithm starts with a set of inputs, such as data from a website’s web server logs, and creates rules that the software uses to decide whether to approve or deny a certain kind of traffic to a website.
5. Data Analytics
An important part of the marketing mix is data analytics. This means using numbers to evaluate and analyze market conditions. At the core of the process are metrics. Metrics help you understand how your audience is interacting with your content and how they perceive your brand. To understand what content is working and what isn’t, you need to know if your social media posts are getting any engagement and whether your search results are bringing in qualified traffic. If you’re not monitoring these metrics regularly, you could be missing opportunities to improve your content and adjust your marketing strategies.
6. Big Data Technologies
Big Data technology allows marketers to access and analyze massive amounts of data. This data includes everything from search trends to social media posts. According to a recent report by the World Economic Forum (WEF), big data technologies are expected to drive $1.7 trillion in annual revenue by 2020. However, some marketers are still figuring out what big data technologies can do for them, while others are not using them at all. If you’re not yet using big data technologies, what’s stopping you?
In conclusion, Data science is a rapidly growing field, and it’s an area that you can use to make money online. As data becomes more and more important to businesses, people are increasingly turning to data scientists to provide them with the insights they need to make smart decisions. The good news is that you don’t need to be a full-time data scientist to make money from data.