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Information is a key resource of the modern world, a source of development of existing and the emergence of new businesses. 90% of digital data in the world has been generated over the last two years, each year the volume of data grows by 50%. How to deal with this multi-trance wave that is able to overrun us? Data Science can answer this question.
Data Science is a branch of computer science that studies the problems of analyzing, processing and presenting data in a digital form. Simply put, this is a science of methods for processing large amounts of data and extracting valuable information from them, which allows you to make more efficient decisions. All this became possible due to the emergence of cloud services for data storage, computer computing abilities, the development of machine learning technologies and neural networks.
The benefit of analyzing large data can be extracted in all areas where access to a sufficient amount of information is available. For example, in the agricultural sector – the analysis of indicators of various sensors and sensors allows farmers to react promptly to adverse weather conditions, to correctly distribute irrigation and fertilizers, to plan future harvest. By analyzing your preference, different online stores offer you precise recommendations about products or content that may interest you. Medicine, transport, logistics, law, entertainment, finance – the ability to analyze Big Data radically change these areas.
Today, Data Science is the largest bank in the banking sector (about $17 billion in 2016). IDC claims that global revenues from business analysis and large amounts of data will grow from $130.1 billion in 2016 to over $203 billion in 2020.
