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                Growing Importance of Data Scientists – Where Do We Stand Today?

                Any guesses as to what has been named as the ‘sexiest job of the twenty-first century’? According to the Harvard Business Review, it is the job of a data scientist. Surprised? With the amount of data we are generating coupled with the rapid increase in technology, it is no surprise that we need an expert to make sense of all this data and do much more. A data scientist is soon going to become a basic need for most companies. So what exactly does a data scientist do? Who is a Data Scientist? The basic job of a data scientist is to analyse data. He does this himself, but he also builds automated systems that do so. Statistics and machines play a big part in the process. A data scientist needs to needs to be good with numbers, but also needs to have a scientific bent of mind. The job of a data scientist is required today than ever before. Think of the Internet – think how much data is generated there. The number of YouTube videos uploaded each minute, the number of Facebook posts liked every minute, the number of products bought online every minute; and this does not even cover a tenth of the activity that is conducted on the Internet. This kind of data can give invaluable insight and information to a company, depending on what they are looking for. But how do you look for what you want in such a complicated maze and so much sheer volume? This is what a data scientist does. Data scientists can also make predictions. These predictions are based...