If you’re interested in working in the field of Data Science, the right time to start would be now! The demand is at an all-time high, from retailers looking to have an intelligent edge to aiding in smart city development. Here are some of the advancements in the world of Data and Analytics that have taken place over the past week.
Oracle has come up with a new consumer insights tool which will provide retailers with data-backed intelligence. This will assist retailers who are attempting to optimize customer acquisition campaigns to obtain relevant products and offers. The tool has been designed to provide retailers with a better understanding of customer requirements. It is also used to draw a link between customers of a particular brand vs others, giving retailers an idea of who to target. Retailers are turning to data as they seek to expand their customer base.
The demand for Data Scientists is at an all time high and has witnessed nearly 37% growth in the last three years. A growth in demand has also led to a rise in the remuneration provided to Data Science aspirants. According to Randstad Insights Salary Trends Report 2019, the IT industry is the best paying sector. As India continues to automate its functions, we will require experts who can meet the demands. As of now, India is estimated to have less than 10% data scientists available.
AIM has announced its annual one day conference, which will be held on 20th March, 2020 in Bengaluru. The conference is hosted to celebrate women in the field of Data Science and acts as a platform for exchanging ideas. It is said to have over 250 participants and feature up to 15 talks by industry experts. The conference will help inspire more women to join the field and will inculcate a feeling of equality among the attendees. It is said to feature panel discussions and other activities. It’s safe to say that this is a great way to celebrate women’s achievements in the world of Data Science.
The healthcare sector has always been of extreme importance and any new technology which would help improve patient care, must definitely be implemented here. The health data research UK recently launched a new opportunity for organisations to utilise large-scale data analysis. HDRUK is said to support catalyst projects which will demonstrate how patient care can be improved with the help of data-driven health care. The organisation will team up with the Health Foundation and could receive up to £200,000 funds for research.
Queensland University of Technology launched a new Center for Data Science. The centre aims to support various areas of research such as health, environment and business. There was another interesting aspect – smart cities. Artificial Intelligence and Data Science can be used to build tools which can be extremely beneficial to us. They can be used to study changes in society and the effect on homelessness and healthcare requirements. Safety, finance and construction are few other areas where analytical framework can readily be applied. Organisations such as Google are already using tools which aid in developing smart cities.