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.

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Big Data in Manufacturing and Telecom-We are living in an era that doesn’t require us to read spells to get things magically done. Today, the advancement in technology is no less than something that used to be referred to as magic in old times. We have utilized technology to an extent where we don’t need a magic wand to make things happen on a single command. Google Assistant, Alexa, and Siri have made it possible to switch on and off electronic equipment while sitting or lying on the bed. And this is just a teaser of the amplified capabilities of technology.

So, everything around us has revolutionized into a better version. Taking a look at our society and environment would make us realize a tremendous change, all just in a decade. On the other hand, we want to see things getting upgraded at a quick pace in the near future. However, some businesses are still working in the old ways. However, Professionals should understand that it’s not profitable to work in the same old pattern when the bar has been raised everywhere.

Today, businesses grow exponentially by adopting a technological transformation in the strategy. Artificial Intelligence, big data, and data architecture have evolved the way many leading businesses used to work previously. From retail businesses to hospitals and service providers to government institutions, Big Data has influenced every sector to bring a substantial change.

Likewise, regardless of the industry and work nature, Big Data is all set to transform the way it was used to work before. Some people think Big Data is nothing more than an artificially created hype, and so it will fade away after some time. Keeping all of those people informed, it would not at all. The idea may evolve in an even better way, but it is not going to be eradicated from the industry. Let’s explore what Big Data is and how it can contribute to business growth.

What is Big Data?

Big Data, as it sounds, is large volumes of data that are gathered and analyzed in ways to help businesses achieve their goals that were not easily achievable even a few years back. Today, the use of Big Data empowers business as we are able to gather large volumes of data on anything. In the meantime, we have improved ways we can store and analyze the data.

Big Data is used by different industries, irrespective of their size and nature, to drive value. eCommerce businesses are using Big Data to foresee trends and consumers’ behaviors. Government institutions can use this technology to track terrorist plots. Even some small scale businesses like sports or park management can use Big Data to improve their performance. Moreover, the use of Big Data has also been observed in manufacturing, research, gambling, fashion, telecoms, video gaming, and much more.

Big Data: Large Volumes of Data

In an ever-increasing digitized era, everywhere we go, and everything we do leaves a data track. This results in a large heap of data. Surprisingly, in recent years, we have collected more data than ever in the entire previous history.

The data is not only coming from billions of messages or emails we share, but a large amount of data is also collected from photos and check-ins we post and the video data we share on public forums. People share an enormous amount of video data from all around the world by using Facebook and YouTube. So, the data is coming from many different and unexpected ways.

Big Data: Easy Analytics on Everything

The importance and contribution of Big Data is diminished if we are unable to turn it into insights. The data needs to be assembled and analyzed to make it usable for companies. Initially, it was difficult to store large amounts of data in databases. Today, we’re able to store large amounts of data and analyze the data stored at different databases across various locations that are linked via a network.

Many leading many leading software development companies offers these services to the customers to help them bring a good change in their progress. Combining the abilities of Big Data with AI and machine learning can make it more beneficial for businesses.

Conclusion

Big Data holds significant importance for the upcoming years. Businesses who don’t prepare them for the time ahead may be taken over by those who do or aim to use Big Data in their business strategy. Those companies may be left behind in the tough competition prevailing in the industry today.

Businesses and brands are advised to begin with a strategy to figure out the areas of challenges where the use of data can make a difference. After this, collect the data and analyze it to help them meet those challenges. Make sure you don’t fall prey to collecting and analyzing just everything because it may lead you to end up on unnecessary things that don’t matter to your business.

Big Data in manufacturing and telecom sector is already used and big data is becoming normal for many of us, and in a few years, it is going to become the new normal for common people. Within a few years, all businesses and government organizations will start using Big Data in improving what they do and the way they do it.

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A neutral Internet Exchange (IX), AMS-IX India, is pleased to announce the launch of a third AMS-IX India PoP (Point-of-Presence) in GPX’s Mumbai data center.

With the addition of a third PoP AMS-IX India has a presence in all areas of Mumbai – South, Central and North.

The PoP at GPX DC, which has the richest ecosystem of Carriers and Content providers, will be operational in Q2 2018. However, five GPX customers have already committed and are ready to join and peer at AMS-IX India reported in a Press Release sent to Newskart.

On this development, Onno Bos, Sales Director, AMS-IX said, “By opening a third POP in Mumbai we are expanding our AMS-IX India footprint in one of the world’s fastest growing internet markets. Furthermore, it makes it easier for customers to connect to AMS-IX India. We are therefore very pleased to be present at GPX and are confident that this will enhance the growth of AMS-IX India.”

Manoj Paul, MD, GPX India, added, “GPX’s Mumbai data centre is True Carrier Neutral and IX neutral and is the most interconnected data center in India with the largest number of Telecom Service Providers (TSPs), Internet Service providers (ISPs), and is also the hub for all major content providers. The addition of AMS-IX India’s Internet Exchange platform allows our customers, mainly the ISPs and Content providers, to enhance their connectivity, reduce costs, introduce new products, and increase the level of their customer’s experience and satisfaction”.

About AMS-IX India

AMS-IX India is a collaboration between the India based Information and Communications Technology (ICT) service provider, Sify Technologies, and the European based AMS-IX.

Customers are able to connect to the IX via dedicated ports with speeds in multiples of 1Gbps or 10Gbps. AMS-IX India serve as a neutral and independent peering platform with unrivalled quality, offering both private and public peering services at carrier-grade level to Internet Service Providers (ISPs), Internet Content Providers (ICPs), and telecom operators. By connecting to the exchange, content providers and eyeball networks can exchange their internet traffic and benefit from reduced latency and costs.

About GPX

GPX develops and operates state-of-the-art, private, carrier-neutral Data centers in emerging, but fast-growing commercial markets within the MENA, South Asia markets. GPX’s Data centers are thriving carrier-neutral internet ecosystems, and home to the largest carriers, content providers, cloud service providers, and internet companies.

Other data centers operational are VMWare, Arkin Net, StrataCloud etc.

Image credit- Canva