The exponential growth of data, partly generated by sensor-driven devices, is making Data Science and machine learning (ML) market differentiators in global business-analytics solutions. With the rising demand in Data Science , Machine Learning, Artificial Neural Network, Deep Learning and the ever expanding list/skills 2022 may well be a witness to several new trends in the field.
Data scientists are one of the most sought-after roles in corporate America today, because organizations, armed with the right talent, can drive more value from its data.
However, data scientist roles are evolving as a matter of technological innovation and market maturity. In fact, the titles of statistician, actuary and quant, depending on the industry, preceded the title of data scientist.
There are some challenges when it comes to determining how the data scientist role is changing, however. For one, despite the high demand for data scientists there aren’t clear requirements for the job.
What is data science?
Data science, as defined by today’s industry professionals, is the study and use of data to inform business decisions and create new customer-facing products. Data scientists are typically responsible for data analytics to find new insights. They often work with advanced machine learning models to predict future customer or market behavior based on past trends.
The ultimate goal of what businesses hope to get from data scientists isn’t expected to change. But how data scientists accomplish those goals is likely to undergo substantial alterations in the years ahead.
Experts have said that 80% or more of a data scientist’s job is getting data ready for analysis. Now, technology providers sell platforms that automate tasks and abstract data into low-code or no-code environments, potentially eliminating much of the work currently done by data scientists.
“[The data scientist title] will probably fade into the background because more tools are becoming prevalent,” said Kathleen Featheringham, director of AI strategy and training at management and IT technology consulting firm Booz Allen Hamilton. “To me, it’s like website design years ago when you had to have people who really like code, but now you can go online and use a tool that will build your website for you.”