Data Science
Data Science
Data Science is a field of multiple disciplines working in harmony to extract the required information
from raw data sets. It deals with data identification, manipulation, analysis, and interpretation.
While it may seem like a lot of work to do, it is one of the leading multi-disciplinary domains out
there with immense potential and applications. A few industries where data science is invaluable
include Statistical Learning, Machine Learning, and Signal Processing.
Identifying and collecting raw data is the first step. There are several data sets available on the
internet free of cost to help with research that can be utilized by anyone interested. This would be
an ideal place to begin if you are just entering or thinking of entering this field.
Ideally, one has to have a proper algorithm developed to filter through the copious amounts of data
available and extract on the required information. This algorithm is crucial to arriving at the right
conclusions and would have to be developed specifically for special projects. Once this algorithm has
been brainstormed, it can be used to identify patterns or behavioral tendencies within the data that
can prove to be of immense value to the right people.
Netflix has used data science to identify patterns in what a user watches, which can be used to
suggest better and more personalized recommendations. The business applications of data science
are innumerable and several companies already make use of it for their benefit.
Data Product
A technical entity that accepts or utilizes data as input and processes the received data to arrive at
results is called a data product. In simpler terms, anything that can perform the above mention data
analysis is a data product.
Many well-known businesses make use of data products today. A few examples would be Amazon,
Gmail, and Spotify.
Amazon possesses a recommendation engine that reviews the purchases made by a user and
processes that data to identifying more products the user might be interested in purchasing. Gmail
has a spam filter that filters your mailbox by looking at all the mail received and comparing it to
identified spam emails. This effectively weeds out any unwanted mail making for a clean and de-
cluttered inbox. Spotify uses data products to suggest music that is more suited to its users' specific
tastes by processing the content regularly consumed by them.
Not just businesses, even whole domains, and sub-domains of technology have greatly profited from
data science and data products. Self-driving cars are trained to look out for potential hazards by
analyzing the field of vision with their machine learning algorithms.
Data products are more than just arriving at relationships and related patterns. They make use of
these insights and carry out pre-programmed functions based on the conclusions made. They
function in real-time and are not merely findings to be reported in a business meeting. These
products are the future of machine learning and artificial intelligence, for they are capable of
functioning independently and making logical decisions based on patterns and facts.
Data Scientists
As a field of technology, data science has a lot to offer in terms of functionality and application.
However, it is not an easy domain to work in. Data scientists play an important role, if not the central
role in the development of a data product and this is not a simple task. To develop a data product,
there are several labor-intensive stages from building capable algorithms, to testing it out and
refining it, to the actual deployment of the algorithm in a technical capacity. Such is the work of a
data scientist and it is not to be taken lightly. There are several who have dedicated their lives to the
development and betterment of this field and there will be many more dedicated to the same cause.