While digging deeper into data, we realise one thing: Human judgements are prone to heavy biases and mistakes, 95% of the time, unless you do vipassana meditation and are not biased even after tempted by multiple emotional views, it is a difficult proposition in a hyper-connected distracted world.
What is the only way? Organise numbers around whatever you do and analyse it with math and an open mind. That can lead to extracting insights from seemingly loads of data we always found boring. Starting with an excel sheet to set up a Hadoop infrastructure for organising and analysing large data sets.
The world produced more amount of data in last two years than in the entire human history. Mountains of real-time data produced by users have to be analysed real-time to take faster decisions. Companies like Uber, Walmart, Facebook, Shell, Netflix or even a small supermarket can tap into the power of data science to make better decisions.
A blend of IoT, cloud, AI and big data is going to make our lives more data-driven than we imagined. With sophisticated data management platforms, it is becoming easier. Even small businesses can start working with numbers seriously.
While on a Facebook call with one of the America’s big data gurus, Indian by origin, Satyam Priyadarshy says, “The need of the hour is to conduct learning boot camps on data science, as the demand is going to be high for such professionals. Even small businesses are producing a massive amount of data unlike earlier. This would make the role of a data scientist indispensable for organisations realising the importance of ‘extracting insights and performance’ from data.”
The ability of the human beings to take informed calculated decisions in a world of distraction is becoming lesser and lesser, making data science a no non-sense way of understanding what is happening and taking actions based on the insights.