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Data Science: Getting Value Out of Big Data

Data science uses big data to gain insights and take action. It involves analyzing big data to answer questions, develop models and predictions, and create data products that drive business decisions. Data scientists need technical skills for analysis, business skills to relate problems to analytics, and soft skills to work effectively in teams to extract value from big data.

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Vinodshankar Bhat
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61 views23 pages

Data Science: Getting Value Out of Big Data

Data science uses big data to gain insights and take action. It involves analyzing big data to answer questions, develop models and predictions, and create data products that drive business decisions. Data scientists need technical skills for analysis, business skills to relate problems to analytics, and soft skills to work effectively in teams to extract value from big data.

Uploaded by

Vinodshankar Bhat
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Data Science:

Getting Value out of


Big Data
After this video you will be able to..
• Describe what modern data science is and
its connections to big data
• Explain why data science is the key to
getting value out of big data
• List the right set of skills for a data scientist
to fit your organization
Big Data

Insight

Data Science Action


Insight Data Product
Analysis
Big Data Insight
Question
Insight Data Product
Analysis
Big Data Insight
Question
Book Recommendations
Customer
Demographic What kind of Book
Previous books does this recommendations
Purchases customer like?

Book reviews
Find Potential Audience for a Book
Model of
customer’s book
preferences
Who is likely to
like this book?
New book
information
Market a New Book

Who is likely to Action to market


the book to the
like this book?
right audience
Market a New Book

Who is likely to Action to market


the book to the
like this book?
right audience

Insight Action
Actionable Information

Historical data Near real-time data

Prediction
Prediction

Action
Data Science is Team Work!
Are data scientists
unicorns?
Have passion for data
Have passion for data
Relate problems to analytics
Have passion for data
Relate problems to analytics
Care about engineering solutions
Have passion for data
Relate problems to analytics
Care about engineering solutions
Exhibit curiosity
Have passion for data
Relate problems to analytics
Care about engineering solutions
Exhibit curiosity
Communicate with teammates
Data Science
The sum is bigger than
the parts!

Big Data Actionable Insight


Technical Skills
Data
Business Skills
Scientist Soft Skills

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