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Data Science.

Next up in the list of latest technology concepts is not surprisingly Data Science. Data Science is the technology that helps to make sense of complicated data. You know that data is produced in a humungous amount every day by companies. This includes business data, sales data, customer profile information, server data, and financial figures.

Most of this data is in the form of huge data sets that are unstructured.
The art of uncovering the insights and trends in data has been around since ancient times. The ancient Egyptians used census data to increase efficiency in tax collection and they accurately predicted the flooding

Data science is one of the most exciting fields out there today. But why is it so important?

Because companies are sitting on a treasure trove of data. As modern technology has enabled the creation and storage of increasing amounts of information, data volumes have exploded. It’s estimated that 90 percent of the data in the world was created in the last two years. For example, Facebook users upload 10 million photos every hour.

But this data is often just sitting in databases and data lakes, mostly untouched.

The wealth of data being collected and stored by these technologies can bring transformative benefits to organizations and societies around the world—but only if we can interpret it. That’s where data science comes in.

Data science reveals trends and produces insights that businesses can use to make better decisions and create more innovative products and services. Perhaps most importantly, it enables machine learning (ML) models to learn from the vast amounts of data being fed to them, rather than mainly relying upon business analysts to see what they can discover from the data.

Data is the bedrock of innovation, but its value comes from the information data scientists can glean from it, and then act upon.

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