Publish Date: 24-Feb-2020
2019 was a big year for not only data science, artificial intelligence (AI), and big data, but also all the technologies related to it. Organizations from around the world, across a broad range of industries, have been undergoing a major shift and transition what people are referring to as a digital transformation. That implies, companies are taking everything right from business processes such as hiring, pricing, strategy, and marketing, to operations, and using digital technologies to make them multiple times better.
Data science has become a significant part of all those transformations. With this breakthrough technology, companies are no longer required to take important decisions on the basis of hunches, assumptions, best-guesses, or online surveys and testimonials. Rather, they are required to analyze huge volumes of real data to settle on to a particular decision based on real, data-driven facts. That’s what is included in data science—deriving value through large amounts of data.
An online survey by Google Search Trends suggests that this major pattern of integrating data by the companies into their core businesses to add more meaning and significant value has grown considerably, with an increase in interest by more than four times in the last 5 years. …
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