Data Science is often described as one of the most lucrative careers of the 21st century. According to Educba, the multi-disciplinary field is mostly concerned with systems and processes and aims to extract insights from mounds of gathered information. The field is closely tied to Predictive Analysis, Data Mining and Statistics even though it remains largely a component of Chemometrics, Mathematics, Computer Science and Information Science. The techniques used by the experts in the field to extract, analyze and process data include:
• Pattern recognition
• Statistical learning
• Machine learning
• Data engineering
• Computer programming
The science has become critically important in a host of sectors, including Healthcare, Digital economy, Marketing analytics, Medical informatics and Fraud Detection. According to Simplilearn, a professional can easily become a data scientist by obtaining an advanced degree and training in computer science, mathematics, and statistics. Companies can benefit a lot by hiring data scientists. First, the data experts are trained to crunch huge volumes of numbers as well as process long streams of customer and operational data. Secondly, by virtue of training, companies can benefit from the expertise brought in by data scientists in areas such as credit data, social media streams and consumer research and analysis. The other benefits worth noting include:
• Helping company management, identify opportunities
• Empowering the management and staff to make sound decisions
• Challenging staff to adopt best practices and focus on key issues
• Help drive decision making with the support of quantifiable data-driven evidence
The importance of the science as a secure weapon for tech consultants
Tech consultants are always called upon to provide expert advice on key issues that affect company operations, even though they are not directly responsible for the outcome. To achieve their aims, tech consultants must provide sound and convincing solutions to their respective benefactors. According to an excerpt on the Teen Republic, data science can be a powerful weapon for consultants who want to have bigger say and influence in the running of organizations. Tech consultants can achieve this using the following strategies:
1. Tap into the informational power provided by data scientist
Consultants can exert more influence by tapping into the informational power obtained from data scientists. This outsourcing strategy is critically important because the powerful evidence, with far-reaching outcomes, must be backed by credible data. The whole idea will play well in the mind of the consultant and their benefactors, if the information provided is unknown to many people, including the competition.
2. Building solid relationship with data experts
A tech consultant should always strive to build strong ties with data experts in order to be self-sustaining. The partnership can also go a long way to expand the in-house collated information, wisdom and knowledge for use beyond the company precincts. It is important to reiterate that data scientists bring in a lot of knowledge harnessed from various scientific backgrounds, including advanced mathematics, computer programming, business intelligence and artificial intelligence.
3. Avoid the drawbacks
In spite of the obvious benefits derived from possessing powerful information, there are several pitfalls tech consultants must avoid to stay on course. The pitfalls include; performing the work of data scientists without consultation; complicating the information already obtained by experts and drawing parallels or competing with the information already provided. Performing the work of the data science expert may mean spending too much time and energy reading the nuances of the analytics engine or database machine with little or no success.
Secondly, complicating the well-researched information handed by data experts can, in the long run, complicate the information provided and make it obscure and impractical to those outside the small circle of experts. Lastly, the end goal of any tech consultant is to have the client adopt their advice by proving right the recommendations offered. Consultants can achieve this goal by avoiding unnecessary competition and confrontation with data experts.
Terry Brandy; a top influencer in the data industry
The data industry is constantly being shaped by the arrival of new technologies, platforms, and operating techniques. Since data science permeates all sectors of the economy, the advances in technology have made it easier to harness data. Big data can help brands and organizations come up with creative solutions to human resource and IT problems and challenges.
Today, the key people behind the data science transformation have become great influencers. Terry Bandy is a renowned data scientist with a great passion for things technology, logic, business, and math. While still a full-time student at Tufts University, Terry established his first business at a tender age of 20. He holds a Masters in Business Intelligence and spends his free with family. Terry Bandy also travels a lot and is a big fan of the outdoors.