by Data Science
Data science is the domain of study that deals with vast volumes of data using modern tools and techniques to find unseen patterns, derive meaningful information, and make business decisions. Data science uses complex machine learning algorithms to build predictive models.
Data science is a “Concept to unify statistics, data analysis, informatics, and their related methods” in order to “understand and analyse actual phenomena” with data. It uses techniques and theories drawn from many fields within the context of mathematics, statistics, computer science, information science, and domain knowledge. However, data science is different from computer science and information science. Turing Award winner Jim Gray imagined data science as a “fourth paradigm” of science (empirical, theoretical, computational, and now data-driven) and asserted that “everything about science is changing because of the impact of information technology” and the data deluge.
A data scientist is someone who creates programming code and combines it with statistical knowledge to create insights from data.
Data Science Lifecycle
Data science’s lifecycle consists of five distinct stages, each with its own tasks:
Capture: Data Acquisition, Data Entry, Signal Reception, Data Extraction. This stage involves gathering raw structured and unstructured data.
Maintain: Data Warehousing, Data Cleansing, Data Staging, Data Processing, and Data Architecture. This stage covers taking the raw data and putting it in a form that can be used.
Process: Data Mining, Clustering/Classification, Data Modeling, Data Summarization. Data scientists take the prepared data and examine its patterns, ranges, and biases to determine how useful it will be in predictive analysis.
Analyze: Exploratory/Confirmatory, Predictive Analysis, Regression, Text Mining, and Qualitative Analysis. Here is the real meat of the lifecycle. This stage involves performing the various analyses on the data.
Communicate: Data Reporting, Data Visualization, Business Intelligence, and Decision Making. In this final step, analysts prepare the analyses in easily readable forms such as charts, graphs, and reports.
Prerequisites for Data Science
Modeling
Mathematical models enable you to make quick calculations and predictions based on what you already know about the data. Modeling is also a part of Machine Learning and involves identifying which algorithm is the most suitable to solve a given problem and how to train these models.
Machine Learning
Machine learning is the backbone of data science. Data Scientists need to have a solid grasp of ML in addition to basic knowledge of statistics.
Statistics
Statistics are at the core of data science. A sturdy handle on statistics can help you extract more intelligence and obtain more meaningful results.
Databases
A capable data scientist needs to understand how databases work, how to manage them, and how to extract data from them.
Programming
Some level of programming is required to execute a successful data science project. The most common programming languages are Python, and R. Python is especially popular because it’s easy to learn, and it supports multiple libraries for data science and ML.
Big Data
Big data refers to data sets that are too large or complex to be dealt with by traditional data-processing application software. Data with many fields (rows) offer greater statistical power, while data with higher complexity (more attributes or columns) may lead to a higher false discovery rate. Big data analysis challenges include capturing data, data storage, data analysis, search, sharing, transfer, visualization, querying, updating, information privacy, and data source. Big data was originally associated with three key concepts: volume, variety, and velocity. The analysis of big data presents challenges in sampling, and thus previously allowing for only observations and sampling. Thus a fourth concept, veracity, refers to the quality or insightfulness of the data. Without sufficient investment in expertise for big data veracity, then the volume and variety of data can produce costs and risks that exceed an organization’s capacity to create and capture value from big data.
Current usage of the term big data tends to refer to the use of predictive analytics, user behavior analytics, or certain other advanced data analytics methods that extract value from big data, and seldom to a particular size of data set. “There is little doubt that the quantities of data now available are indeed large, but that’s not the most relevant characteristic of this new data ecosystem.” Analysis of data sets can find new correlations to “spot business trends, prevent diseases, combat crime and so on”. Scientists, business executives, medical practitioners, advertising and governments alike regularly meet difficulties with large data-sets in areas including Internet searches, fintech, healthcare analytics, geographic information systems, urban informatics, and business informatics. Scientists encounter limitations in e-Science work, including meteorology, genomics, connectomics, complex physics simulations, biology, and environmental research.
(i) Volume: The name Big Data itself is related to a size which is enormous. Size of data plays a very crucial role in determining value out of data. Also, whether a particular data can actually be considered as a Big Data or not, is dependent upon the volume of data. Hence, ‘Volume’ is one characteristic which needs to be considered while dealing with Big Data solutions.
(ii) Variety: The next aspect of Big Data is its variety.
Variety refers to heterogeneous sources and the nature of data, both structured and unstructured. During earlier days, spreadsheets and databases were the only sources of data considered by most of the applications. Nowadays, data in the form of emails, photos, videos, monitoring devices, PDFs, audio, etc. are also being considered in the analysis applications. This variety of unstructured data poses certain issues for storage, mining and analyzing data.
(iii) Velocity: The term ‘velocity’ refers to the speed of generation of data. How fast the data is generated and processed to meet the demands, determines real potential in the data.
Big Data Velocity deals with the speed at which data flows in from sources like business processes, application logs, networks, and social media sites, sensors, Mobile devices, etc. The flow of data is massive and continuous.
(iv) Variability: This refers to the inconsistency which can be shown by the data at times, thus hampering the process of being able to handle and manage the data effectively.
