Data Science Archives - Newskart https://www.newskart.com/tag/data-science/ Stories on Business, Technology, Startups, Funding, Career & Jobs Fri, 22 Mar 2024 15:33:41 +0000 en-US hourly 1 https://www.newskart.com/wp-content/uploads/2018/05/cropped-favicon-256-32x32.png Data Science Archives - Newskart https://www.newskart.com/tag/data-science/ 32 32 157239825 Exploring the Growing Data Science Jobs Industry https://www.newskart.com/exploring-the-growing-data-science-jobs-industry/ Fri, 22 Mar 2024 15:33:41 +0000 https://www.newskart.com/?p=108208 Exploring the Growing Data Science Jobs Industry
Exploring the Growing Data Science Jobs Industry

If you’re entering into the IT industry with the aim to achieve big in your career life then Data Science jobs are the perfect fit but that need to be proficient in some programming languages and analytic skills. The need for qualified data scientists is still growing in today’s data-driven environment. Data scientists are essential to advancing innovation and decision-making in a variety of businesses because they can analyze massive datasets and extract insightful information. In this article, I’ll explore the opportunities, skills needed, and routes to success in the dynamic and rapidly expanding sector of data science and the way to find data science jobs.

Recognizing Data Science Positions and Roles

Numerous roles are included in data science, each with specific duties and qualifications. Typical job titles in data science trends include-

  • Data Scientist: The data scientist finds patterns, trends, and insights in complicated datasets through analysis that helps guide corporate decisions. You can refer these data science tools for empowering data insights.
  • Data Analyst: Data analyst gathers, purges, and analyzes data to enhance decision-making processes and offer useful insights.
  • Machine Learning Engineer: Machine learning engineer develops algorithms and models to enable computers to learn from data and make predictions or recommendations.
  • Data Engineer: Data engineer creates, constructs, and maintains infrastructure and data pipelines that enable jobs related to data processing and analysis.

Data Science Industries and Sectors

The following sectors and industries have a high need for data science jobs-

  • Technology: Data science is used by tech companies like Google, Facebook, and Amazon for targeted advertising, product creation, and user experience enhancement.
  • Finance: Data science is used by banks, insurance companies, and investment companies for algorithmic trading, fraud detection, and risk assessment.
  • Healthcare: Data science is used by healthcare institutions for medical research, therapy optimization, and patient diagnostics.
  • Retail: Data science is used by retailers for inventory management, demand forecasting, and consumer segmentation.
  • Government: Data science is used by government agencies for public service optimization, resource allocation, and policy analysis.

Essential Skills and Qualifications for Data Science Jobs

Data science jobs necessitate a blend of technical proficiency, analytical aptitude, and subject-matter expertise. Some essential abilities and credentials consist of-

Career Pathways and Advancement in Data Science Jobs

Numerous job paths and promotion opportunities are available in data science. Data analyst and junior data scientist are examples of entry-level jobs that have the potential to advance to senior-level and leadership roles in the future. Professional qualifications, practical experience, and ongoing education are important for advancing one’s career in data science in IT industry.

Conclusion
Careers in data science are in a vibrant, quickly developing field with lots of chances for qualified individuals. Prospective data scientists can have a fulfilling career path full of challenges, creativity, and significant contributions to society by learning about the various roles, industries, and skills required in data science. Opportunities exist in this fascinating and rapidly developing subject of data science, you can find job vacancy online regardless of your skill level or motivation to enter the sector.

Image credit- Canva

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Top Machine Learning Tools To Make Decisions From Data https://www.newskart.com/top-machine-learning-tools-to-make-decisions-from-data/ Thu, 31 Aug 2023 15:56:38 +0000 https://www.newskart.com/?p=105136 Top Machine Learning Tools To Make Decisions From Data
Top Machine Learning Tools To Make Decisions From Data

If you are data science and machine learning professionals and looking for the top machine learning tools then you are at the right place, I’ll help you to explore these machine learning tools in this article. Machine learning, a link between Data Science and Artificial Intelligence, enables computers to learn and make decisions from data. It has revolutionized industries across the globe. Behind every successful machine learning project lies a set of powerful tools that facilitate data manipulation, model creation, and insights extraction.

Earlier to this article, I’ve given examples of Data Science tools and how data science is different from Machine Learning. Also, you can refer the article on how Python language is helpful in data science and machine learning.

In this article, we embark on a journey through the realm of machine learning tools, exploring their functionalities and their role in shaping the future.

1. Scikit-Learn – The Versatile Workhorse

Scikit-Learn is an open source machine learning library designed on top of Python code that offers a range of algorithms for classification, regression, clustering, and more. Its user-friendly interface and consistent API design make it a favorite among practitioners. Whether you’re a seasoned data scientist or a newcomer, Scikit-Learn provides the tools to explore the world of machine learning.

2. TensorFlow – Empowering Deep Learning

TensorFlow, developed by Google, is a powerhouse for deep learning. Its flexible architecture allows the creation of complex neural networks for tasks like image recognition and natural language processing. TensorFlow’s popularity stems from its community, abundant resources, and support for production deployment.

3. PyTorch – A Deep Learning Pioneer

PyTorch, known for its dynamic computation graph, is favored by researchers for its ease of use and flexibility. Its intuitive interface enables users to build complex models with ease. PyTorch’s strong focus on research makes it a driving force in advancing the field of deep learning.

4. Keras – The Beginner’s Gateway to Deep Learning

Keras, often used in conjunction with TensorFlow, simplifies the process of creating deep learning models. Its high-level API abstracts complexities, making it an excellent choice for those new to neural networks. Keras’ user-friendly design accelerates experimentation and model prototyping.

5. XGBoost – Boosting Performance with Gradient Boosting

XGBoost is a gradient boosting library renowned for its prowess in predictive modeling. It excels in handling structured data, producing accurate results in areas like classification and regression. Its ability to handle missing values and interpret feature importance sets it apart.

6. Pandas – The Data Wrangling Hero

Pandas is a data manipulation and analysis library that simplifies working with structured data. Its DataFrame object allows effortless data cleaning, transformation, and exploration. Pandas’ efficiency in handling large datasets and data integration makes it indispensable.

7. NLTK and SpaCy – Navigating Natural Language Processing

Natural Language Processing (NLP) requires specialized tools, and NLTK and SpaCy deliver. NLTK offers a comprehensive suite for text analysis and processing, while SpaCy focuses on high-speed and production-ready NLP tasks. These libraries simplify the extraction of insights from textual data.

8. Matplotlib and Seaborn – Visualizing Insights

Data visualization is crucial for understanding and communicating results. Matplotlib and Seaborn provide comprehensive tools for creating a wide range of graphs and visualizations. These libraries empower users to transform complex data into clear, informative visuals.

Conclusion
Machine learning tools are the backbone of innovation, enabling data scientists and researchers to unravel insights from complex datasets. From the versatility of Scikit-Learn to the deep learning capabilities of TensorFlow and PyTorch, each tool plays a unique role in advancing the field. As the landscape of machine learning continues to evolve, these machine learning tools empower professionals to shape a future driven by data-driven insights. The article offers an overview of essential machine learning tools yet new tools and libraries are continually emerging, reflecting the dynamism of the field.

For the professionals who are pursuing machine learning/data science as a career, should always remain updated with the latest developments through the journals published online and the latest research on this field.

Image credit- Canva

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Top Data Science Tools Empowering Data Insights For Beginners https://www.newskart.com/top-data-science-tools-empowering-data-insights/ https://www.newskart.com/top-data-science-tools-empowering-data-insights/#comments Thu, 17 Aug 2023 19:52:55 +0000 https://www.newskart.com/?p=105122 Top Data Science Tools Empowering Data Insights For Beginners
Top Data Science Tools Empowering Data Insights For Beginners

If you are data science professionals and looking for the top data science tools then you are at the right place, I’ll help you to explore these data science tools in this article. In today’s data-driven world, understanding and utilizing data effectively is crucial. Data science is an art of extracting insights from data which has become a cornerstone of decision-making across various fields. For the purpose of extracting insights from the datasets, we need some tools on which we can rely on.

Data science professionals have been provided with suite of powerful data science tools which are open source (mostly) and for some tools, you need to bear some bucks. These tools simplify data analysis, visualization, and interpretation.

In the past, I’ve shared How data science is different from machine learning and Why Python is best language for improving quality analysis of your software? and in this article, I’ll embark on a journey through the realm of data science tools, exploring their functionalities, applications, and importance in making data work for everyone.

1. Python and R Programming languages as the foundation stone in data analysis

As I have mentioned in my earlier article about the Python that how it is helpful in data science and machine learning, you can add R programming language in this list. They’re the most prominent programming languages in the data science realm.

Python is very simple and versatile that’s why it is the first choice of data scientists. It has a powerful ecosystem. Libraries like NumPy and Pandas facilitate data manipulation, while Scikit-learn opens the door to machine learning.

On the other hand, R is tailor-made for statistical (number) analysis and visualization. It boasts packages like ggplot2 for crafting intricate graphs and dplyr for efficient data manipulation. Both Python and R offer strong communities and has decent resources, making them ideal starting points for data exploration.

2. Navigating Data with SQL

SQL or Structured Query Language is an universal tool for managing and querying databases. For data analysts and engineers, SQL is an essential skill. It enables users to retrieve, filter, and transform data efficiently. SQL empowers professionals to answer complex questions by interacting with large datasets through its programmatic capabilities, making it a fundamental tool in the data science toolkit.

3. Web based interactive collaboration interface by Jupyter Notebook

Jupyter Notebook revolutionizes how data is explored and shared. It provides web based interactive environment where code, output, visualizations, and explanations coexist. Researchers, analysts, and data scientists use Jupyter Notebook to collaborate code and insights. It can create dynamic reports that enhances collaboration and understanding. Its versatility extends to supporting various programming languages, including Python and R.

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4. Data visualization and business intelligence using Tableau and Power BI

Translating data into meaningful visuals is an art, and tools like Tableau and Microsoft Power BI are prominent tools in this arena. Tableau offers a drag-and-drop interface that transforms data into interactive dashboards and graphs. It’s a favorite among business users for its user-friendly nature. Power BI, on the other hand, seamlessly integrates with Microsoft products, making it a natural choice for organizations heavily invested in the Microsoft ecosystem. Both tools empower users to tell stories through data, facilitating informed decision-making.

5. Deep Learning with TensorFlow

TensorFlow is a well known new age tool that works well with data analysis, machine learning (ML) and artificial intelligence (AI). TensorFlow was developed by Google, which simplifies complex machine learning models. This data science tool helps to build data analysis algorithms and models. It’s particularly adept at training and deploying neural networks for tasks like image recognition and natural language processing (NLP). It also helps in data analysis, predictions and accurate solutions. Its flexibility and extensive documentation make it accessible to both beginners and experienced data scientists.

6. Machine Learning with Scikit-Learn

Scikit-Learn is an open source machine learning library designed on top of Python code that offers a range of algorithms for classification, regression, clustering, and more. Its user-friendly interface and consistent API design make it a favorite among practitioners. Whether you’re a seasoned data scientist or a newcomer, Scikit-Learn provides the tools to explore the world of machine learning.

7. Creating Workflows with KNIME

KNIME, or the Konstanz Information Miner, is an open-source platform for building data science workflows. This tool helps in data reporting, data analysis, and data mining to extract and transform data quickly. KNIME’s visual interface is particularly helpful for those who prefer a more intuitive approach to data science.

8. The Analytics Veteran SAS

SAS (Statistical Analysis System) has a longstanding presence in the analytics realm for business intelligence (BI). It’s a comprehensive software suite that offers advanced analytics, business intelligence, and data management capabilities. SAS is trusted by industries for its ability to handle complex analytical tasks and produce actionable insights.

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Conclusion
Data science tools form the bedrock of modern decision making and data analysis. From Python and R as the foundational languages to the visual storytelling capabilities of Tableau and Power BI, each tool contributes a unique facet to the data science journey. The availability of these tools helps data analysts to extract insights and make informed decisions. Though data science tools are ever evolving, you need to keep keen eyes on the recent updates on these tools and new releases.

Image credit- Pixabay

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10 Reasons Why Python Helpful in Data Science and Machine Learning? https://www.newskart.com/10-reasons-python-helpful-in-data-science-and-machine-learning/ https://www.newskart.com/10-reasons-python-helpful-in-data-science-and-machine-learning/#comments Wed, 16 Aug 2023 13:39:34 +0000 https://www.newskart.com/?p=105110 10 Reasons Why Python Helpful in Data Science and Machine Learning?
10 Reasons Why Python Helpful in Data Science and Machine Learning?

When we talk about data science and machine learning, first question comes in mind which language is best suited for the data scientist and the answer is one among Python, R and C++. Each language has its pros and cons but Python is placed at the top in the field of Artificial Intelligence and data analysis/machine learning.

In the past, I’ve shared How data science is different from machine learning (article) and Why Python is best language for improving quality analysis of your software? (article) and today I will explain why and how Python is helpful in Data Science and Machine Learning for the beginners.

Python is a versatile open source, object oriented programming language which has emerged as one of the most powerful languages to support analyzing data science, machine learning and artificial intelligence. It comes with user-friendly syntaxes, huge libraries, and active community. Python has revolutionized the way professionals extract insights from data and build intelligent systems.

Python friendliness can be covered in below points-

1. Python has user friendly straightforward syntax

Python’s syntax are very simple straightforward English languages words which is a boon for beginners who wants to make career in data science/machine learning. It uses easy-to-read syntaxes similar to our day to day language, making it less intimidating for newcomers. The reduced learning curve allows aspiring data scientists to focus on concepts rather than syntax complexities.

2. Large and progressive Ecosystem of Python Libraries

Python boasts a rich collection of libraries designed for data science and machine learning capabilities. Libraries like NumPy and Pandas provide robust tools for data manipulation and analysis. Scikit-Learn offers a wide range of machine learning algorithms, simplifying model development. TensorFlow and PyTorch cater to deep learning enthusiasts, enabling the creation of complex neural networks.

3. Rapid prototyping for accelerating experimentation

Python’s interactive nature encourages rapid prototyping. Researchers and data scientists can experiment with algorithms and techniques in real-time. This flexibility helps quick iteration and exploration, enhancing the efficiency of the development process.

4. Visualization capabilities which can transform data into insights

Data visualization is an extremely important aspect of data science. Python’s libraries like Matplotlib and Seaborn allow professionals to create compelling visualizations that communicate insights effectively. Visualization tools aid in understanding patterns, trends, and anomalies hidden within data.

5. Large community and documentation makes it more supportive

Python’s vast community is a valuable resource for aspiring data scientists and machine learning enthusiasts. Online forums, tutorials, and open-source projects provide guidance and solutions to challenges. Additionally, Python’s comprehensive documentation streamlines the learning process.

6. Capability of data cleaning and preprocessing

A significant portion of data science involves cleaning and preprocessing data to ensure accuracy. Python’s libraries offer tools to handle missing values, outliers, and inconsistencies, ensuring a solid foundation for analysis and modeling.

7. Machine Learning – Enabling Intelligent Systems

Python’s machine learning libraries helps professionals to build predictive models and intelligent systems. From classification and regression to clustering and recommendation, Python provides a versatile toolkit for solving a variety of real-world problems.

8. Deep Learning for unleashing Neural networks

The rise of deep learning has transformed various industries. Python’s libraries like TensorFlow and PyTorch enable the creation of complex neural networks that excel in tasks like image recognition, natural language processing etc.

9. Scalability – Adapting to Big Data

Python’s scalability ensures that it can handle large datasets and complex computations. Libraries like Dask and Apache Spark facilitate distributed computing, allowing data scientists to work efficiently with big data.

10. Jupyter Notebook

Jupyter notebook (a web interface to Python) allows you to code and collaborate output with other data scientists using your web browser which is really fantastic. Jupyter notebook is born or developed from IPython, an interactive command line terminal for Python.

Conclusion

Python’s versatility and robust ecosystem has helped in the field of data science and machine learning. From its user-friendly syntax to its comprehensive libraries and supportive community, Python stands at the top place to extract insights from data, build intelligent systems, and contribute to groundbreaking research. As the field continues to evolve, Python’s role as a driving force in data science and machine learning remains stronger than ever.

Image credit- Canva

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5 Data Scientists Trends That You Can’t Afford To Ignore https://www.newskart.com/data-scientists-trends/ https://www.newskart.com/data-scientists-trends/#comments Thu, 17 Dec 2020 18:51:07 +0000 http://sh048.global.temp.domains/~newskar2/?p=102401 5 Data Scientists Trends That You Can’t Afford To Ignore
5 Data Scientists Trends That You Can’t Afford To Ignore

It is within the inheritance of technology that will continue to evolve and become better with time. The one that lags in doing soon becomes extinct, and the one that nurtures and gets better with time creates new opportunities. Data and valuable insights are crucial to the success of startups and established companies in today’s market. By understanding the target audience through their avatars, we can provide them better services that they want. And Data science is one such technology that you cannot keep your eyes out of it.

Introduction to Data Science

Businesses and brands can foresee what their customers need using data science and analytics and how they can provide better products to them. Additionally, gain a competitive advantage over its competitors by collaborating with experts and driving the business forward with data-driven strategies. According to a recent survey, the present worth of the data science industry is $200 billion, which will reach $230 billion by the end of 2021.

1. Data Volume Will Continue To Rising and Migrate Into The Cloud

As technology is spreading faster and smarter, the number of smartphone users is increasing. It will result in more data where there is not enough physical space. Storage of data has been one of the biggest headaches for businesses and brands. It can give an advantage in the competitions because it is a new proving ground for business opportunities and growth. Firms are always looking forward to predicting future trends.

Therefore, to never-ending data collection and processing in the digital world, the cloud is the only solution to store millions of data more securely. And even you can access it from any location in the world. Even, there are chances that devices may corrupt at any time and high chances that you may lose data forever. To overcome these problems, migrating to the cloud is the best option & one of the most lucrative data scientists trends, and lots of people and brands are already investing in it.

2. The Job Post In Data-Driven Industries Will Be On Rising

The newest technologies that are trending in the market (data science, artificial intelligence, machine learning) are creating enormous scope for data-driven industries. Today we are a voice search away from anything over the internet. Technologies like machine learning and Natural Language Processing (NLP) make machines learn the human language faster. The results are Apple Siri, fingerprint recognition, and self-driven cars.

According to a recent survey, The CAGR score will make a rise of 29% per annum that will lead to 10,06,945 jobs opening in data-driven industries by the end of 2021. And all these data states that the technologies are going to evolve more and more and more data scientists, analysts, data engineers, ML engineers, AI engineers will need to fill the gap of unmatched demand for data science professionals.

3. Data Privacy Will Remain As One Of The Top Most Issue

Since we are going more into the internet, data privacy has been one of the top-most issues, and it will continue for 2021 and so on. Hackers are everywhere roaming on the internet, and every hacker targets a specific kind of audience. They breached the security to gain access to the account and released everything to the public. This way, customers are losing more trust on the internet, and companies need to be very serious about data governance.

Even today, with so many advancements in technologies, hackers have even found it easier to hack a tight security website or someone else’s account. So without any doubt, data privacy will remain one of the top-most issues for 2021 and so on.

4. Data and Analytics World Will Get Smashed

Non-analytics applications will evolve faster than analytics applications. Applied machine learning and artificial intelligence will play a game-changing role in it. Therefore, data and analytics are going smashed in the future. By the end of 2021, 40% of the machine learning models get performed on different products that will never have a primary goal with machine learning.

To understand this data visualization tool will play a very crucial role. By 2023, 95% of fortune 500 companies will use non-analytics applications for better and safer data. According to Gartner’s forecast, data management will be easy and more efficient.

5. Industries Specific Start-ups Will Get The Maximum Hype

With more people choosing to be an entrepreneur, you can see a massive transformation in people building their own dream business or partnering with friends. By the end of 2021, startups will be more successful than ever, and data will be more crucial to every business – whether in the food industry, in the hospital industry, digital marketing, or any other industry.

2021 will focus more on maximum hype on starting their agencies for individuals. It will ultimately open new doors and opportunities for fresher and experienced professionals. In any way, the demand for data science will be skyrocketing in the market with ample career opportunities.

Conclusion

Data science has been out in this world for more than two decades, but the way it’s evolving is one of the best things happening to our generation and next to it. Competitive environments create many opportunities for businesses and consumers to make life better. With accuracy in data, every process has become simpler and more accurate to get the exact precision.

With data science, you can predict future trends, build new strategies, and work on your new business plans. Here are the 5 data science or data scientists trends that you can’t afford to ignore in 2021 that will change the landscape of data-driven industries in different sectors. That includes finance, healthcare, manufacturing, e-commerce, and other industries. Though it will create new challenges for new and old businesses, storage of data in the cloud, job opportunities, and data privacy will remain at the top of the list for all time.

Image credit- Pixabay

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Deep Understanding of IoT with Correlation to AI https://www.newskart.com/deep-understanding-of-iot-with-correlation-to-ai/ Wed, 11 Nov 2020 17:20:45 +0000 http://sh048.global.temp.domains/~newskar2/?p=102243 Deep Understanding of IoT with Correlation to AI
Deep Understanding of IoT with Correlation to AI

Data is being created all the time, from devices, applications, and users, because it’s digital and measurable, but what about offline? The data is waiting to be discovered by the action you perform offline and its information on the physical world. Devices that can capture, convert, and save the newly discovered data can help many businesses. It is an excellent way for any business or industry to measure its operation with this real-time data to make decisions further and target the right customers.

With the help of data collected through devices, they can forecast and anticipate the event proactively. They can solve the issue before they become more prominent and affect the whole business. No matter which field you are into, one can measure the real-time performance of their products in all the places that matter.

Wondering how IoT can help us collect that massive data? Here we are with a straightforward explanation on the same.

While connecting to the Internet, what all devices do you expect to be connected to? Mobile phones, tablets, computers, etc., right?

What if I say that any device could connect to the Internet and exchange data with each other (in the form of collecting and sharing), and this is the concept of the Internet of things.

With the price of processors and wireless equipment becoming cheaper and smartphone usage becoming commonplace, it has become possible to turn any device into an Internet of Things device. There is an opportunity for everything to be connected to the Internet, hence interconnected to any other device.

IoT can help improve human beings’ efficiency by eliminating the less critical time gaps in daily human schedules and making them more productive. Let us see an example for better understanding- Sandra has her important meeting at 09:00 A.M. Her alarm rings at 07:00 A.M, which further passes on the bathroom geyser’s information to automatically switch on for bathing.

The sensors and connectivity will pass on the info. The coffee machine starts performing its work by the time Sandra reaches the breakfast table, and after that, the car will begin to show the route with less traffic so Sandra can arrive on time. If by any chance due to traffic she got late from the time, an automatic message will be sent to the office intimating about the delay. So here, all the devices are smart and connected to the Internet, passing on information and improving time management. All the appliances are interconnected, making things seamless and smooth.

AI (Artificial Intelligence) and IoT (Internet of things) Relativity

Understanding the need and potential of IoT and AI, companies are investing in these sectors. The combination of these two super-powerful technologies has redefined the way businesses, economies, and industries function. Above we have discussed how IoT performs, but the question arises: how are they getting to know all this data, and how can they be more efficient?

The answer is while IoT deals with machine communication using the Internet, AI makes sure the appliances gather knowledge from their figures and experience. And this helps data scientists to predict the upcoming demand and business insights using time series analysis which eventually helps in better decision making and performing intelligent tasks.

IoT+ AI = AIoT (Artificial Intelligence of Thing)

When artificial intelligence is added to the Internet of things, it means that AI empowers IoT to create intelligent machines that cause imaginative understanding, correlating, decision making, support, and act smartly with significantly less or no humanoid involved.

Here are some examples in which the corporate world changes over with the introduction of IoT and AI.

1. Automatic Homes/ Smart Homes

In the concept of smart homes or automated homes, these are gadgets included- CCTV camera, AC, fridge, oven, water purifier, security systems armed with sensors in the home perform like intelligent devices and connected with IoT applications. Here, Artificial Intelligence acts as a powerhouse in collecting data, analysis, and decision-making systems to act spontaneously.

2. Automated Security

The security system should be solid and reliable; implementing an automatic locking system using IoT can escalate this risk. AI can collect the daily pattern of accessing doors or systems of the employees and understand the regular pattern of different individuals. AI can detect or alert us of any suspicious activity.

3. Smart Alarm

Like the fire alarm set in the buildings, AI can make the machines intelligent. So they can not only buzz the alarm at the time of the fire, but they can also call the relevant number, send a system alert, and start to sprinkle water.

4. Smart Parking

The sensor at the parking area can alert the potential parkers for the availability of parking, which AI empowers by using the map destination data and can show the available parking space by offering the parking area route. It is another essential time-saving aspect, which resolves through the alliance of AI and IoT.

Conclusion

The final word of this informative blog is, Both IoT and AI are superheroes and can make things, businesses, and lifestyles brighter, and their alliance can make a big difference. The combination of two can help in achieving more extraordinary digital transformation. IoT and AI are the two most deadly industries that require relevant skills and expertise. Businesses are aggressively investing the money to realize their potential.

Image credit- Canva

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What Is The Next BIG Thing In Machine Learning Solutions? https://www.newskart.com/next-big-thing-in-machine-learning-solutions/ Mon, 15 Jun 2020 16:26:24 +0000 http://sh048.global.temp.domains/~newskar2/?p=98080 What Is The Next “BIG” Thing In Machine Learning Solutions?
What Is The Next BIG Thing In Machine Learning Solutions?

Talk about the next big thing and the image it creates is like a quantum step up or an inundating tidal force.

The reality is that in software you find incremental progress and then, at some point, the accumulation of good features, ironing out of kinks and affordability could help to make it mainstream.

One can say something of this kind is happening in the field of Machine Learning. That Microsoft, Google and Amazon are offering ML as a service is equivalent to opening floodgates to even more widespread use and implementation is a big enough thing.

Back in the infancy days of big data it was considered as a colossus difficult to handle.

Years later it is easily handled and you have big data services everywhere.

It would not be surprising to see the same thing happening in ML. It is interesting to speculate.

1. Software becomes personalized

Software is pretty smart these days, a far cry from what you got in buggy packages just five to ten years ago. Still, in a way, software packages can be dumb. They work the same way for all users.

Now image ML drenching the software. Now you have ac software package that learns what its “Master” does and how he uses it, the frequent features and steps that he goes through and the results he derives.

The software keeps learning and maybe takes over part of the processes. The software user could simply verbally instruct the software to do the “usual” or to find a solution to a problem. There is no reason why this should not be possible.

Already Facebook, Instagram and Amazon are making good use of machine learning to process user data and offer personalized recommendations.

The trend of intelligent owner aligned devices is already showing in smartphones that listen, talk back and carry out orders of owners.

This is happening but the big thing in ML will be when the device can link contextual elements and be deeply inclusive.

It will be even bigger when the machine develops sensitivity and discretion but that day is far in the future.

2. Machine Learning Solutions for Healthcare

Personalized software would seem trivial compared to the tremendous benefits to global health, patient care, disease control and emergency response that ML brings to healthcare.

Admittedly ML feeds off gargantuan chunks of healthcare data and refining its precision and accuracy of diagnosis. A burgeoning population explosion and lack of doctors gives ML a big boost in healthcare.

ML can now do a lot of things and it will be capable of doing still more in future. It can, for instance distinguish anomalies with more accuracy and even carry out unattended diagnosis from lab reports and MRI/X-rays.

The big thing with ML is how it helps to arrive at a more accurate diagnosis, which is so crucial to precise treatment and prevention.

ML runs the entire gamut from accelerating drug discovery to understanding genetic disorders.

The big thing would be for ML to lead to reductions in cost of healthcare. Google’s ML algorithm can detect tumors from mammograms and Stanford is using ML to detect cancer in early stages.

3. Machine Learning Solutions for Financials

If health is important for individuals, financials are important for the world at large.

ML developers are working together with financial institutions to come up with ML powered solutions that will greatly boost functioning in this core sector.

ML will play a bigger role in banking, finance and insurance in credit rating, automatic scrutiny of loan applications, risk appraisals and prevention of fraud.

If banks, insurance companies and lenders have not already adopted ML it is time to get ML developers to introduce the tech into their operations.

Apart from customer side operations ML also helps for the next big leap as regards employees and internal operations.

4. Machine Learning and HR

ML has already made inroads into HR operations. It will go further in helping HR experts to scrutinize applications and create a more in-depth profile of candidates by studying not only their resume but also their faces.

This type of analysis helps HR identify individuals who will best fit into the company culture and, from the existing employee set, identify those likely to progress or likely to resign.

ML algorithms can be put to good use to distribute workload and allocate work.

It can keep track of external developments like booming economy that will likely lead to employees finding greener pastures elsewhere and the difficulty in finding new recruits.

5. Machine Learning and Big Data in Advertising and Marketing

ML is already making inroads into advertising and marketing as can be seen from the success of programmatic advertising the world over.

Marketing leverages it as can be seen from sites like Amazon. The big thing in ML is that marketers will benefit from real time analysis of streaming big data and gain predictive capabilities that will help them to design a campaign for success and even predict its outcome.

The effort is worth it since 91% customers prefer personalized recommendations and 83% will share data if they are promised personalized experiences.

That is not so surprising or a big thing but one thing that will prove truly big is the use of recurrent neural networks, AI and ML to actually create contents or design ads or script a story-line for a movie or a Netflix series.

Each episode will be a guaranteed hit.

6. Machine Learning Solutions in Image Search/Recognition

Work is already in progress and Facebook and Instagram already have a degree of capability of face recognition.

Search engines can find and match images. However, given the so many different variables ML in this segment is still work in progress kind of thing.

7. Machine Learning Solutions in Travel

Travel will be easier than ever. You simply ask the smart assistant to recommend places according to parameters such as scenic vista, food choice, action or budget.

You get detailed recommendations with no need to worry about schedules, itineraries and bookings.

8. Machine Learning in Agriculture

This is truly one area where ML can be life changing. Agriculture depends on quite a few variables such as soil, market demand for a particular product, climate and availability of inputs.

ML has vast scope with capability to predict yield of crops and output from livestock. It can be used to enhance species breeding and selective genetic engineering.

ML yelps with analysis of leaves, with water management and soil management to give outputs about yields and crop quality.

Smart agriculture takes care of disease detection, weed detection pest control and other threats that farmers must face.

You take guesswork out of farming and you have assurance of outcomes. This can change fortunes of farmers, help them from going bankrupt due to vagaries of weather and propel a country on the path of prosperity.

Like healthcare, this is one segment that has immense scope and holds big promise for and from ML.

One thing to note from the foregoing is that Machine Learning is application specific and requires specific work in one area to derive results.

The ML solution may make use of one or several types of neural networks like Sparse AE, Deep Belief Network, Restricted BM or Markov chain to mention a few from over a dozen different types.

ML solutions may make use of various algorithms such as general minimization algorithm or steepest descent algorithms. ML could be supervised or unsupervised or reinforced.

The result is specific answers to specific questions, something that is quite rudimentary compared to what the human brain is capable of.

The next big thing of value in Machine Learning would be a development that has artificial general intelligence and of thinking like a human mind.

Image credit- Pixabay

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How Data Science is Different from Machine Learning? https://www.newskart.com/how-data-science-is-different-from-machine-learning/ Fri, 05 Apr 2019 18:25:07 +0000 http://sh048.global.temp.domains/~newskar2/?p=90814 How Data Science is Different from Machine Learning?
How Data Science is Different from Machine Learning?

Data science is one of the fastest growing fields of expertise at the moment. We know that data science involves machine learning, but what’s the difference between these two fields of expertise?

In short, machine learning involves complex algorithms that “learn” from data in order to predict future trends and system behaviors. On the other hand, data science is the process of tackling and making sense of large collections of data. This includes data cleansing, preparation and analysis, which is, in part, machine learning.

In this article, we will unpack these two concepts, aiming to bring an understanding of what each term means and how they relate to each other.

Data Science vs. Machine Learning

A. Data Science

Data science as a field is difficult to define since it draws from so many different fields of knowledge.

Most data scientists know machine learning and understand multiple analytical functions. This person usually has experience in SQL database coding and a strong knowledge of various coding languages, such as Python, SAS, R and Scala. Added to this, they are usually able to use unstructured data in order to extract useful information. Other fields that are sometimes included in data science are bioinformatics, information technology, simulation and quality control, computational finance, epidemiology, industrial engineering and number theory.

As you can see, data science covers a very wide spectrum of knowledge and skills. Depending on which side of this spectrum you are, you may or may not use programming and complicated mathematics, but you will definitely use large sets of data, usually in an unstructured format. Due to the broad nature of this field, it is hard to define and to find one person capable of doing everything involved needed for a successful data science project. Usually, data scientists would work as a team where each would focus on a specific subset of the field.

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Here, you would see titles such as “Machine Learning Engineer”, “Analyst” or “A/B Test Expert” indicating which area of work they focus on. Tools used by data scientists include, but are not limited to, data cleansing, preparation, predictive analytics, machine learning and sentiment analysis. These experts are tasked with making sense of large collections of data, extracting useful information from it and translating that into actionable goals. A data science team would understand how data relates to business and uses this to enable executives to make informed decisions based on solid science in order to propel their businesses forward.

Data science involves processing vast amounts of unstructured data in automated ways in order to extract logical, useful information from it and make prediction regarding future trends and system behaviors. Unstructured data comes from video, audio, social media, manual surveys, clinical trials and many other sources. This can be lumped together as human consumable data, which can be read and analyzed in tabular form, by humans. The amount of data is so vast, though, that this is entirely impractical, hence the need for automating and speeding up the process. Here, the data scientists will have to borrow techniques from related fields, as is done in most practical applications of science.

As time progresses, these predictions must be updated and the system re-calibrated using new data. Data scientists must also understand and decide which analytics tools to use for their specific purposes and applications, since this would affect the type of information that they would be able to extract from a specific set of data. Real world problems are tackled in data science. This field is incredibly complex due to the complex nature of the world we live in.

In data science, unsupervised clustering can be used. Here, an algorithm is used to find clusters or cluster structures without having been given a training set of data. These clusters must be labelled by a data scientist; thus, some human interaction is necessary.

Here, the major complexity of the system is due to the nature of the data (unstructured and vast). It is necessary to synchronize and schedule tasks in a logical manner in order to render the data useful and extract as much information from it as possible.

Simply put, data science is a vast field encompassing many disciplines, of which machine learning is one.

B. Machine Learning

Machine learning is a subset of data science. Arthur Samuel defines it as “a field of study that gives computers the ability to learn without being explicitly programmed”.

An expert in machine learning requires in-depth knowledge of computer fundamentals and must be excellent in data modelling and evaluation skills. Knowledge of probability and statistics is needed and in-depth programming skills and knowledge is essential.

In machine learning, large collections of data are mined in order to find patterns, learn from it and predict future behaviors of systems. It basically “teaches” a system how to behave under certain circumstances. A prime example of this is Facebook’s algorithm. Here, the algorithm observes various users on the social media platform in order to determine patterns of user behavior and interactions. This information is used in order to tailor the user’s news feed to articles that they are likely to enjoy. Amazon uses a similar principle to suggest products in their “you might also like” category. YouTube, Netflix and a myriad of other media platforms and online retailers work on the same principle to suggest your next view, article or purchasing suggestions.

In finance, machine learning is used to predict whether a prospective client applying for a loan is a good or bad prospect based in historical data. This takes the guess work and “gut feel” factors out of financial decision making.

Another example of sophisticated machine learning is the autocomplete or predictive text functionality on your smartphone or search engine. The software is programmed to collect data as you type in order to better predict what you are likely to type next in order to fill in the blanks faster and more accurately as time progresses. This has become so entrenched in our daily lives that few people stop to think about it.

Machine learning is a subset of artificial intelligence (AI). Here, a problem is defined in finite terms and the algorithm is programmed to know the “right” decision. Now, it trawls through the data at hand to learn which parameters are needed in order to get to that decision.

Basically, the computer is given the ability to learn new things and complete complex tasks without being explicitly programmed. When developing a machine learning algorithm, a training set of data would be used to “teach” the algorithm to perform a specific function. This would be fine tuned and can later be re-calibrated using a new set of data. On the long run, this would lead to a highly sophisticated algorithm that can accurately predict future trends and system behavior and can also make complex decisions in an unsupervised manner. This eliminates the need for regular human interference. Here, regression and naive Bayes or supervised clustering could be used.

Machine learning would not include unsupervised clustering, as is the case with the broader data science discipline. Data used in machine learning must be structured in a way that the specific algorithm would understand. Here, feature scaling, word embedding and adding polynomial features are some of the tools that can be used to render data useful and understandable for each specific application. In machine learning, the main complexity is in the algorithm itself. In some cases, an ensemble algorithm would be used, which is a combination of various machine learning algorithms. Here, the contribution from each algorithm would be weighted in order to obtain the desired results.

In short, machine learning is where practical statistics and highly sophisticated programming skills meet.

Overlap Between Machine Learning and Data Science

In machine learning, concepts that are used in data science career, such as regression and supervised clustering, are also used. In contrast to this, data science uses data that may or may not be originated in an actual machine or mechanical process. Both these fields use large collections of data in order to learn from it and arrive at logical actions in order to add financial benefit to an organization.

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Data science is a much broader term that machine learning. Machine learning focuses mainly on statistics and algorithms, while data science encompasses anything related to collecting, analyzing and processing data. Data science is multi-disciplinary. In a data science team context, each person would have a specific role to fulfill. Here, a machine learning expert would work to automate as many tasks as possible, breaking down code in order to simplify and reuse as many components as possible. Statisticians would ensure that the information teased out of data makes sense and is usable. Economic experts would optimize the system responses to ensure economic viability. Machine learning is crucial to data science and should be used in conjunction with other disciplines in order to complete the data science picture.

If you have a high level of knowledge on mathematics and statistics combined with hacking skills, you are able to program in the field of machine learning. Pair these skills with a large portion of substantive expertise, and you have a highly skilled data scientist.

In short, machine learning is one of many tools used by data scientists in order to extract useful information from large collections of data.

Image credit- Canva

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Are you planning to choose Data Science Career, A must Read? https://www.newskart.com/are-you-planning-to-choose-data-science-career-a-must-read/ Sun, 17 Mar 2019 14:00:50 +0000 http://sh048.global.temp.domains/~newskar2/?p=90715 Are you planning to choose Data Science Career, A must Read?
Are you planning to choose Data Science Career, A must Read?

Data Science as Career, To begin with, we should perceive what is Data Science. Utilization of the term Data Science is progressively normal, however what does it precisely mean?

What abilities do you have to end up a Data Scientist? How are choices and expectations made in Data Science? These are a portion of the inquiries that will be addressed further. How is this not the same as what analysts have been getting along for quite a long time?

A Data Scientist not exclusively does the exploratory investigation to find bits of knowledge from it, yet additionally utilizes different propelled machine learning calculations to recognize the event of a specific occasion later on. A Data Scientist will take a gander at the information from numerous points, once in a while edges not known before.

Along these lines, Data Science is fundamentally used to settle on choices and forecasts making utilization of prescient causal investigation, prescriptive examination (prescient in addition to choose science) and machine learning.

Google’s Chief Economist, Hal Varian, has stated,

“The capacity to take information—to have the capacity to comprehend it, to process it, to extricate an incentive from it, to imagine it, to convey it—that will be an immensely vital aptitude in the following decades”.

Be that as it may, sending individuals to every town could take a few outings at a devastating cost, making overheads for an association hoping to work neatly.

“The capacity to take information—to probably comprehend it, to process it, to remove an incentive from it, to envision it, to convey it—that will be colossally imperative expertise in the following decades.”

– Hal Varian, Google’s Chief Economist

Why we need Data Science?

Let’s understand– Generally, the information, mostly we had in organized and less in size, which could be examined by utilizing basic Business Intelligence tools. Dissimilar to information/data in the conventional frameworks which was generally organized, now a days the bigger part of the information is unstructured or semi-organized. How about we examine the information slants in the picture given beneath which demonstrates that by 2020, more than 80 % of the information will be unstructured.

This information is produced from various sources like money related logs, content documents, media structures, sensors, and instruments. Basic BI instruments are not fit for preparing this colossal volume and assortment of information. This is the reason we need increasingly mind boggling and progressed scientific devices and calculations for handling, breaking down and drawing significant bits of knowledge out of it.

This isn’t the main motivation behind why Data Science has turned out to be so famous. We should burrow further and perceive how Data Science is being utilized in different areas.

    • How about we take an alternate situation to comprehend the job of Data Science in basic leadership. What about if your vehicle had the insight to drive you home? Oneself driving vehicles gather live information from sensors, including radars, cameras and lasers to make a guide of its environment. In light of this information, it takes choices like when to accelerate, when to speed down, when to surpass, where to go ahead – making utilization of cutting-edge machine learning calculations.
    • What about on the off chance that we could comprehend the exact necessities of our clients from the current information like the client’s past perusing history, buy history, age and pay. Most likely you had this information before as well, however at this point with the tremendous sum and assortment of information, you can prepare models all the more viably and prescribe the item to your clients with more exactness. Wouldn’t it astound as it will convey more business to your association?
    • We should perceive how Data Science can be utilized in a prescient examination. How about we accept climate gauging for instance. Information from boats, airship, radars, satellites can be gathered and broke down to manufacture models. These models won’t just conjecture the climate yet in addition help in anticipating the event of any regular catastrophes. It will assist you with taking fitting measures already and spare numerous valuable lives.

We can see all areas and domains in the below infographics; impact of Data Science.

How many Roles of Data Science or Data Science Career?

1. Business Intelligence Analyst

A BI examiner utilizes information to help make sense of market and business drifts by investigating information to build up a clearer picture of where the organization stands. This is one of the best paths to start your data science career.

2. Information Analysts and Business Analysts

Information examiners filter through information and give reports and representations to clarify what experiences the information is covering up. When someone helps individuals from over the organization comprehend explicit questions with outlines, they are filling the information examiner (or business investigator) job. Here and there, you can consider them junior information researchers, or the initial step while in transit to an information science work. This is another one of the best paths to start your data science career.

Business experts are a gathering that is contiguous information investigators and are more worried about the business ramifications of the information and the activities that ought to result. Should the organization put more in undertaking X or venture Y? Business examiners will use crafted by information science groups to impart an answer.

3. Information Mining Engineer

The information mining engineer looks at the information for their own business as well as that of outsiders. Notwithstanding breaking down information, an information mining architect will make refined calculations to help investigate the information further.

4. Information Architect

Information engineers work intimately with clients, framework creators, and designers to make plans that information the executives frameworks use to concentrate, coordinate, keep up, and secure information sources is one of the best data science career paths.

You need to understand some of the essential’s skills for your career so furthermore, clearly answering for this quarry.

What are Skills and Training for Data Science?

For future career we required some of skills in the Data Analytics/Data Science are the given below; according to specific company needs, there some common skills that span across most positions:

    • Multivariable Calculus and Liner Algebra
    • SAS Programming
    • Data Mining
    • Machine Learning
    • Statistics
    • Software Engineering
    • Statistics
    • Database knowledge such as SQL, My SQL
    • Python (Programming languages such as MATLAB)
    • Hadoop (Platforms such as Dotnet)

Moreover, Strong Communication Skills and Problem-Solving skills are essential for the data science career.

Image credit- Canva

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