Machine Learning usually goes synonymous with Artificial Intelligence. To generally put it, it’s a pathway which enables the computers to perform certain tasks, for example, prediction, planning, recognition, diagnosis, robot control, all without specific programming. Through machine learning algorithms are created, by the development of these algorithms a model or a program can teach itself to learn and grow, and eventually, change whenever exposed to new data.
One can draw a line of similarity between Machine Learning and Data Mining, as both search the data for patterns, while data mining extracts data for business understanding, Machine Learning notices patterns in the data and alters program actions, thus extracting data for improving the programs own understanding.
One parallel is, that you need to have an inherent quality of being inquisitive, as curiosity is a prerequisite to a profession in Machine learning. The toolbox of a Machine Learning enthusiast is quite wide-ranging, yet there are a few key non-negotiable skillsets that are essential.
Statistics and Probability theories become imperative, as these theories help in learning about the algorithms. Theories like Naïve Bayes, Hidden Markov Models are some examples. And to understand these models it becomes necessary for you to know statistics and probability.
Math and Algorithms work as a pillar to a machine learning enthusiast, as to discriminate models such as SVM’s, you need to have a firm understanding of the significance of how an algorithm works and understanding the algorithm theory.
Programming Languages become a must if you need to build a career in machine learning, more importantly, it is better if you have the working knowledge of all the languages, Python is a favourite general purpose language, R for statistics, Hadoop is Java-based so Java to implement mappers and reduces, C++ can help in speeding code up.
Data Modelling, as machine learning often requires analysing unstructured data which eventually is relied on the science of data modelling, which is basically a prose of reckoning the structure of underlying data, finding patterns, filling gaps where data is non-existent. So if your conceptual understanding of data modelling is strong, it helps create effective and efficient algorithms that can be further trained and enhanced over time.
Managing and working with large datasets is expected out of a person planning to build their career in machine learning, as these days, data is generally not processed using a single machine. A distributed computing approach is used, and data is distributed across an entire cluster.
Advanced Signal Processing Techniques is an important part of machine learning. It is not a one cap fits all type of solution that one is expected to give in machine learning, different types of problems can have various solutions. And using advanced signal processing algorithms will help you set yourself apart from the race.
Besides these skills it also becomes important for someone entering the machine learning field to keep themselves updated about the recent and future trends, so be well read, and connected with the online community, and learn about the new theories and algorithms.
The trends of 2018, like the last year, show massive promise in the field of machine learning. As a machine learning professional, one area where you will play a big role is in shaping the future of online services. Besides diverse industries are ready for innovation in this field and are on the lookout for experts and engineers. So by mastering the skills of machine learning, you will be building yourself a solid ground for the future.
Category: Analytics
The Reign of Digital Disruption – 2017 and Beyond
It is a matter of perspective really, how do you interpret the term ‘Disruption’, in context to this blog, the term ‘Digital Disruption’. Some people’s first response on hearing the term disruption would be, inferring it as a ‘Negative’ intervention to their daily functioning of lives, specifically digital disruption, could have a connotation of a negative impact to their current form of business. But a flip side to this could be coined as a ‘Digital Opportunity’, which is only possible if you embrace the disruption or the new change in technology, which will be available in the near future and will impact your current business in one way or another. Through this blog, we have tried to explain the true inference of digital disruption and its reign in the coming years.
What is Digital Disruption?
It is nothing but a shift or a transformation that is the result of some emerging technologies and business models, with the power of impacting the value of existing technology, products or services currently offered. Hence the terminology of ‘Disruption’, as the development of new products, or services or businesses, which are digital in nature, disrupt the current market, nudging companies to re-evaluate their position.
Most IT heads and leaders find themselves facing the intimidating term of digital disruption, there initial response to it is to ‘wait and watch’ It is this very attitude that needs to change, as, with this thought, organisations face the risk of being left behind in competition.
And the reason most IT leaders are intimidated is that of past examples of disruption, the case study of Kodak, how they failed to capture the future markets and could not identify the correct threat to their business, as they failed to change with the evolving identities of their customer’s needs. Kodak could not keep up with the fact that cameras could not only be a device for taking pictures, but a friendlier and fun gadget for their clients too. Sony and Cannon took advantage of the Gadget culture and became favourites of their consumers, by introducing new technologies and approaches, while a mobile company like Nokia also entered the competition, which was unheard of at the times. Finally, as a result of holding their ground and not embracing the digital disruption, Kodak could not sustain and eventually declared Bankruptcy in 2012.
Uber, Airbnb and similar other services, are recent disruptions to the local taxi and hotel industry. The lesson that can be learned by Kodak, is that to begin with Digital Disruption is an unstoppable occurrence, and instead of fighting and waiting for its impact or denying the possibility, businesses should embrace it. And going a step ahead should also consider asking themselves, ‘how can my business become a digital disruption to others?’.
The Reign of Digital Disruption
There is a wave of change anticipated, which has the potential to redefine the very core of how businesses function. In the future one will see users changing their likings from mobile apps to virtual assistance, shopping in augmented reality will become a reality, the conjectures are big, dynamic and colossally exciting.
A study by Gartner suggests that by 2020, 100 million customers will shop in augmented reality.
30% of all browsing activity will be done in without a screen, almost 20% of the brands will abandon their mobile apps, and algorithms will alter the behavior of more than one billion global workers. And in the years after, the top seven digital giants will own 20% of all activities that an individual engages in, while Blockchain based businesses will be approximately worth $10 million. Astonishing, isn’t it?
Popular Algorithms You Must Master for Being a Data Scientist – I
An Algorithm is essentially a method or plan for solving a problem, based on following a sequence of specified activities. And an algorithm is something that is used to train a model, all the decisions that a model is supposed to take are based on the input given by the algorithm to produce an expected outcome. Now going further, an analytical model is a statistical model, designed to perform a specific or to predict the probability of a specific event. Now the same is applied to businesses to determine the solution when in quandary. Algorithms are generally used throughout all areas of IT. A simple example would be a search based algorithm, it takes the keyword and searches its associated database for relevance and presents the results. So basically there are a variety of algorithms that can be used for different scenarios, it is usually variable dependent, that is based on a variety of variables, a data scientist can choose which algorithm to use.
It is not recommended that a plug and play of available algorithms are used by the data scientist, as the variables like, the size of data, industry type, its application, could produce results that might not be accurate. Hence a data scientist should train themselves on the most popular and important algorithms.
Awareness of supervised v/s unsupervised learning models
On the subject of algorithms, it is interesting to understand the difference between the two. A supervised learning model is essentially a model with a clear difference between explanatory and dependent variables, which means that the model’s outputs are known in advance.
Some examples of these models which are popular would be……
- Prediction – Linear Regression
- Classification – Decision Tree
- Time Series Forecasting
Simply an opposite of this would be the unsupervised learning model, where the model’s outputs are unknown, and there is no target characteristics. These models are built with the objective of finding out the fundamental structure of data, for example,
- Association Rules
- Cluster Analysis
The top 10 algorithms used by data scientist according to a poll are as follows……
- Regression
- Clustering
- Decision Trees
- Data Visualisation
- K-Nearest Neighbours
- PCA
- Statistics
- Random Forests
- Time Series / Sequencing
- Text Mining
Some new options to the list of most commonly used algorithms which are recently gaining popularity are….
- Neural Networks – Deep Learning
- Singular Value Decomposition
You will notice, that most of the popular algorithms are supervised learning algorithms in nature. Unsupervised clustering algorithms can be used to detect a relationship between an organisations data set. Through these algorithms, you can find different types of groupings within a customer base. At times an unsupervised clustering can offer specific advantages when compared to supervised learning models. One obvious example is a way new applications can be observed by studying, how the connections are grouped when a new cluster is formed.
As can be seen, these are only the most popular algorithms, however, here are a host of other machine learning and data mining algorithms available, which can be used to create value to any analytical program. There are specific algorithms that are designed and developed to specifically deal with business challenges. These algorithms can almost assist in doing anything, from recognising faces too, dispensing drinks from a vending machine to reminding you about your meetings.
To learn more about the algorithms join our an online data science course, which you can do anywhere and anytime .This program is co-created with Genpact as Knowledge Partner. This program helps you with a deep understanding of Data Analysis and Statistics, along with business perspectives and cutting-edge practices using SAS, R, Python, Hive, Spark, and Tableau.
What IT Companies Look at While Hiring a Data Scientist?
The position of a data scientist is most sought after in recent times, mainly because of the boom in information, and the quick need to make sense of the data, extracting insights which could positively impact business. The buzz around data science, at times, confuses the link between the candidate and the company, creating a gap between what the company needs as opposed to what is perceived by the applicant.
So essentially what an IT company might be looking for in a data scientist might not be very different from what another line of business might be looking for in a data scientist.
It could be true that a tech company might be absolutely aware of the specific technical skills, required and their job description might be more evolved as they have the other skill sets in place, or have the functional knowledge about expectations out of qualifications, which for a non-tech organisation, might have blurred boundaries.
Educational Background
Irrespective of the industry, one solid fact that will be looked for while hiring a data scientist is the educational background or the technical know-how. Traditionally a data scientist needs to have a strong foundation in statistics or mathematics, this will be an added advantage, specifically from an IT point of view, as they would have many engineers with the Machine Learning capabilities, but a strong foundation would ensure that the data scientist will use or create the right algorithm by understanding the technical details.
Programming Skills
It is a given that a good data scientist will/should be an excellent programmer. Activities such as Sampling, Pre-Processing data, Model Estimation & Deployment, Sensitivity Analysis, Back-Testing, etc…, are used frequently by a data scientist so that these steps are successfully performed, programming needs to be done.
Hence a data scientist should have sound working knowledge of prototyping languages like SAS, Python, R, Deployment Language such as C++, C#, etc…, and lastly big data languages like Scala or Spark.
Exceptional Communication and Visualisation Skills
At present, there is a huge gap between analytical models and business users or stakeholders. It is imperative that the data scientist not only understands the business know-how, which he or she is associated with, but also explains the analytical models along with the involved statistics, and reports in a non-technical manner to the stakeholders. If this is successfully done then the business user will be able to appreciate the advantages of big data, which will further improve their acceptance and attitude towards big data.
Line management skills are also what sets apart a data analyst from a data scientist, the ability to work with people and not in a silo is imperative.
Creativity
Finally, anyone looking to hire a data scientist, in some sense expects them to be creative. They need to be creative on the technical level, with regards to feature selection, data treatment etc…, the steps of knowledge discovery process, or the ability to take the right guess or select the right approach makes a huge amount of difference, after all it’s the same data set, how you treat it is important. Not only technical creativity but also the know-how about the ever-evolving

data field, where they are up to date with current and future possibilities and technologies is important.
So a data scientist should literally be a master of all, with a mix of skills ranging from programming, quantitative modelling, communication, visualisation, to business acumen and creativity, as the field of data science and analytics is multidisciplinary in nature.
To make a career as a Data Scientist opt for an online data science course, which you can do by seating at home. This program is co-created with Genpact as Knowledge Partner. This program helps you with a deep understanding of Data Analysis and Statistics, along with business perspectives and cutting-edge practices using SAS, R, Python, Hive, Spark, and Tableau.
Job Roles and Responsibilities in Big Data
The Internet of Things and other various channels through which information and consumer data can be captured is on the rise, as a result, phenomenal amounts of data are being captured every second. Big Data has great insights which can be used to enhance end-user experience and aid business growth. It is established that extracting information out of this complex web of information is the tricky part, which has in turn given rise to new departments with specific skills targeted in getting the order out of chaos, across organisations.
Initially, any professional working in the capacity of big data, in the data science department was called a data scientist. Over the last few years, as the field is getting more complex and advanced and with the diverse possibilities, one can see companies hire specific professionals under various titles, like, Data Engineers, Data Architects, Business Analyst, Data Analyst, Machine Learning Engineers, Big Data Engineers, etc…,
Let us get a quick overview of the common roles within the Big Data scope and a general understanding of their responsibilities.

Data Analyst
This role is a branch out of the Data Scientist role, most organisations also call it the Junior Data Scientist. They play a vast role in the entire data science life cycle, from acquiring massive amounts of data to processing it, analysing it and also summarising the findings. They need to be involved in data scrapping and maintaining the quality of data. The skill set of a data analyst is vast, from knowledge of SQL to programming languages like Python, R, SAS, proficiency in statistics, math, techniques like data mining, data warehousing, and data visualisation, designing and deploying algorithms, knowledge of extrapolating data using advanced computer modelling, fixing code issues and pruning data, can be described as a day’s work of a data analyst.
Data Scientis
A data scientist does all that a data analyst is expected to do, however in terms of scope of the role, a data scientist has more responsibilities and is expected to have greater knowledge. Referred to as the sexiest job of the 21st century, a data scientist is perhaps the most in-demand role. Besides being a pro in R, SAS, Python SQL, they mostly have a higher degree in quantitative subjects like math or statistics and should be great with big data analytical tools and technologies. They need to be up to date with not only the technical know-how but are also expected to be proficient with the business know-how of the industry they are associated with. They become the bridge between understanding the business challenges, adding value by deriving insights from the data, using predictive analysis and communicating the finding to the business stakeholders so that data-driven decision making, based on models and prototypes can be done.
Data Engineers/ Data Architect
They are the builders and managers of the big data infrastructure; they are responsible for making sure that the big data ecosystem is functioning smoothly. The essentially build, test and maintain data management systems. Their role is not to arrive at any solution for the business, they work on the linear path to ensure that existing system can be improved by integrating it with new data management technologies. Besides being programming wizards they also must have knowledge of ETL tools, API’s, data modelling, data warehousing etc…,
Machine Learning Engineers
ML are quite in demand in the recent times due to the booming field. Skills required to become an ML are, JavaScript, C++, Scala, one should have knowledge in highly scalable distributed systems. ML engineers have a strong foundation in math and statistics, hence are data and metric driven. Like data scientist, even ML need to be great communicators to interpret complex ML concepts to non-experts. An ML engineer essentially designs and implements ML algorithms, such as clustering, anomaly detection and prediction to address business challenges, they then have to monitor the reliability of the ML system in the organisation.
Data science is coined as the most promising profession of the century, people who are skilled in data literacy and strategic thinking, are inquisitive, who have the ability to look at data and spot trends, are key professionals to any organisation dealing with Big Data. the roles can be overlapping but exciting nevertheless.
Based on your skill sets and interest you can identify the role most suited to you, or you can pick up one of data analytics course to build the skill set to become more viable.
How Analytics Responsible in Airfare Ticket Pricing Fluctuations?
It is quite a gamble these days when as a part of your travel itinerary you have to book the airline tickets. Most people in recent times have given up the traditional travel agents for booking tickets and prefer booking tickets themselves. Booking airline tickets has become a massive decision making activity, where you have to do all your thinking hats, to make an informed decision. Should I buy now, or wait for a better rate, or should I use the price trend forecast to get recommendations on when to book so that huge fluctuations can be avoided.
Post regulation, airline industry, around 1980 – 2001, was a time of price wars, fluctuating fuel prices, and a general increase in the number of passengers opting to fly, along with great technological advances, between the handful of airline providers. Airlines with conservative overheads could offer low airfares as a blanket to all its customers. But in the long run, could not sustain on low margins and had to shut shop. On the other hand, few airlines, used a scientific and analytical approach in offering reduced pricing over a certain sector, during a particular period and maintained regular premium cost airfares for the remaining slots, and with this approach not only did they survive but also accounted profit.
This article will help you understand how could they do that….
The low airfares could be offered by airlines, by following a dynamic pricing mechanism for tickets, based on the demand and supply trend.
Predictive analytics takes stock of what happened in the past, that is historical data, and the forecasts are done by using scientific methods, and statistical models for reliable information, about possible outcomes in the future. Predictive analysis is most accurate because it tries to understand the behavior of a person or a customer, by not only looking at the past information, but is able to predict what they will also do in the future based on the customer, and about that entire population. Thus by grouping people in segments, predictive analysis will be able to give predictions and recommendations on how people will react in the future.
Predictive Analytics has continued to factor essentially into how airfare prices are decided and fluctuate to maintain airline profitability even today. It is mainly because the airline industry is getting very competitive and is a low margin industry. The ability to forecast travel demand is crucial to gain market share. Predictive analysis tools are no longer the luxury of airlines selling tickets, travel booking sites offering Price Predictors Features, can now be used by consumers to see and make decisions for their own projection. Price predicting feature will help them decide whether the price of a particular route is likely to fluctuate, higher or lower, in the coming weeks.
Keeping in line with the trend Indian government is contemplating on introducing an analytical tool which will present the travelers with future ticket price trends, similar to the travel booking sites which offer price predicting features.
This is a positive step towards addressing the travelers concerns of facing steep fluctuation in airfares. Of course, this proposal is subject to sanction from the civil aviation industry. Since air ticket prices are dependent on supply and demand metrics, this step from the aviation industry will get some amount of transparency in the entire process.
This endeavor is crucial and a part of the digitization wave, under the ‘Digiyatra’ Initiative. Since India’s Domestic aviation market is projected to be the world’s 3rd largest by 2022, it is only fair that the industry uses analytical tools to provide a digitally unified flying experience to its travellers.
Using ‘Historical Data Analysis’ along with ‘Price Curves with Predictive Data Analytics’ will help travelers better project and plan their vacations, so as to gain maximum advantage over airfares.
In conclusion, it could be said that predictive analysis is touching our lives positively, in ways that we might not be aware, and the penetration is only going to increase with time.
To learn more about Analytics watch this space until next week for the big news!
Difference Between System Analyst and Business Analyst
It is quite tricky to differentiate between a System Analyst and a Business Analyst (BA). While in some organisations the role is quite defined, in others the difference does not exist. The title itself is not so conclusive. The term ‘Business Analyst’ and ‘System Analyst’ can be interchanged and regularly misunderstood. Nevertheless, the fact is that the two roles are very distinct and perform different duties which require specific skill sets, and these roles only get more elaborate, depending upon the size of the organisation you are associated with. Analytical skills, Planning Skills, Team Work, Innovative skills are some overlapping skill sets between a system analyst and a business analyst. According to the Business Analysis Body of Knowledge, there are many jobs or titles that may perform business analysis, like a Business Architect, Business Consultant, Process Analyst, Requirement Analyst. To further give an elaborate……, A Business Analyst working within an organisation will use the business analysis fundamentals to understand the stakeholder’s perspective and requirements and will assess them for possible roadblocks so that eventually an appropriate solution can be achieved. We can take the same definition further and say, a business analyst working in IT, will address the challenges of the business and recommend developing and implementing certain IT systems, as an initiative to improve and enhance productivity and performance. Now enters the System Analyst, who becomes responsible for outlining the technical aspects of the developed IT system or platform, and how easily the developed system or platform is integrated among the company’s requirement.
The main objective of a Business Analyst is to understand and detect business opportunities that can positively impact business operations. In addition, it is also expected out of a business analyst to endorse technology wherever applicable, to create better productivity and output for the organisation. Basically, a business analyst has to understand the perspective and language of the stakeholders. A Business Analyst should have a keen observation to pick up inadequacies of a business and become a link between the stakeholder and the IT department. A Business Analyst might not speak in IT jargons but should have enough knowledge to assess and communicate the needs of the stakeholder’s, from business requirements to software requirements. The role of a System Analyst is to use IT systems and platforms in an organisation, and partner with the goal of the stakeholders, helping them to achieve the strategic business objective. Thus a system analyst will have to choose the most appropriate platform or technology to meet all the functional requirements. An SA will use the principles of structured analysis, sampling and accounting to ensure that the offered resolution is effective and financially worthwhile. In terms of knowledge, A Business Analyst is expected to be excellent in understanding the working specifics in the area they are associated with. They need to have a sound understanding of business regulation, customers profile etc…, while it is not expected out of an SA to acquire this information, more so when the associated organisation has a BA in their team. Strong communication skills, analytical know how, modelling techniques, is common amongst the two. It is not expected out of a BA to have sound knowledge of IT infrastructure and system landscape. So to sum it up, while the two roles are separate depending on the organisation, there could be an overlap or an inter-cross while working on a project. Irrespective of the title, it is healthy, that one is aware of the job responsibilities that both the specialists perform and the objective of their role.
Impact of Big Data on the World
Big data has created and is continuing to create a lot of buzz in not only the technology arena but across the globe. It promises big changes, big interventions, big innovations, big integration with and within our daily lives. But how big is Big Data? now that is a question which can be answered with different connotations. How big is big? it is always relative to whom the question is being asked. For example, a big book of hundred pages will look humungous to a child, but present the same book to an adult who loves to read, they will be able to process it in a matter of hours. Now present shocking data statistics like close to 7.5 billion searches on Google, gazillion tweets, more than 40% of the world photographs stored on the internet. Is this information big enough for a data scientist to process for insights, not really, but is it big? of course yes, it is colossal. This is Big Data, not only the accumulation of data, that is the easy part. But processing it for insights, understanding trends, searching titbits within it, knowing what it says, is the tricky part. And if managed with excellence, it can change the world around us.
Also Read: Top Careers to Explore In Big Data Analytics
Industries across verticals are researching methods to create sophisticated methods of analysing and decoding the data, to accurately understand what it is saying, and are developing methods of using this information to enhance business prospects.
This blog puts together some positive impacts of using Big Data Insights, which are going to change the world we live in. Not all the suggested changes will be immediate, some might happen in the immediate future, while others might be gradual, and some might be impacting our current lives as we read this blog.
Healthcare
There is a possibility that in the near future all patient history can be stored on a consolidated mainframe. The advantage is that not only a unique entry can be identified by any doctor, but on putting certain symptoms, your doctor will be able to see every patient in the world who has experienced those symptoms, and their response to treatments. Imagine the benefit it will present in terms of early detection of a disease and its prevention. The medical fraternity is aware of the advantages of Big Data and is ensuring they hop on the bus.
Security Applications
Big Data are being developed, like a pedometer application, that helps identify people on the way they walk, based on their pace. What is promising is that this application is so far in the testing phase and is a 100% accurate. So imagine a time you walk into an ATM and you do not need to enter your password simply because the machine recognises you by your walk. Or another application called ‘Pindrop’, which helps identify the person and location of the caller, by recognising the background sounds.
Facial recognition is another feature of Big data, which is getting better at processing. The capabilities of the machine to pick up our unique features like speech, movements, tonality and marry it with security features is possible, and we might very well enter a phase where forgery with signatures could be extinct.
Decoding the Consumer
With the rise of e-commerce websites, and the onset of all devices connected to the internet, which capture consumer patterns, possibilities in understanding the consumer and their behavioural patterns is on the rise. Companies recognise the value in accurately predicting and influencing consumer behaviour, as it could swing the profit tables upwards. Over a period of time companies will be able to identify not only a group of people based on demographics, but also individual patterns, and will then be able to not only cater to a group but to customize individual products as well, such information can also be used in other areas, like influencing the voter mindset specifically for a family at the time of Elections.
From Urban planning to presenting you with the piece of news you would like to read in the morning, Big Data, its impact and its effect can be felt around us. While it could be fashionable to think and mull over this intervention as an invasion to our privacy, the other bright side to the coin is to consider how the collection and analysis of data can make our lives easier.
Related Article: The Role of Big Data in Digital Marketing
R or Python? Consider Learning both to become a Data Scientist
To excel in the data science profession, it becomes imperative that one starts making efforts in sharpening their skills to full potential, by not only understanding the underlying models of data science, but escalating their knowledge in programming tools as well. When it comes to programming, the most talked about the debate is between R and Python enthusiasts, claiming one over the other, with reasons and by listing down the advantages of one over other. This debate needs a change of perspective because whenever we enter a debate you are claiming one is better than the other. And for a true data science enthusiast this would not be beneficial, in fact, if one programming language is chosen over another, in some sense it serves more as a disadvantage. A sound data scientist should definitely know the difference between both the languages, so that he or she is sure when to use what, while coming up with solutions, but beyond that, if the data scientist understands the fundamentals of both R and Python, they can then leverage their knowledge of both languages, based on their understanding of the basic data science concepts.
R and Python are just different tools used to perform different tasks, think about it! As a data scientist you will need a tool that will permit you to perform, statistical computations, data analysis etc…, hence R or Python just become elements of knowledge from disciplines such as statistics, computer science, engineering, essentially a computing tool. Now if you are a carpenter, would it just be good for you to have one wrench in your toolbox or a combination of wrench’s which are dynamic in its capabilities? Similarly, with the knowledge of both the languages, a data scientist will be able to express better in data science projects. This analogy gives you enough reasons to learn both the languages.
Learning both the languages will help you gain confidence in communication while working in the field of data science, you will need to interact with both sets of people, who are users of R and Python. Any company or vertical you associate with will have projects done in both languages. Without the basic knowledge of both these languages, it will be very difficult to appreciate the efforts and the entire working around on the project. An added advantage of fluency in both the languages would be your ability to communicate with audiences that are comfortable with either language while working on a project.
Springboard your career opportunity in the field of data science, some companies, or at times, departments within the companies might be comfortable using either of the languages. The last thing a candidate thinking of pursuing his career in data science should be missing out on an opportunity, due to the lack of knowledge in either R or Python. No one is expected to be a professional in any one language, a data scientist is expected to acquire as many skills and tool as they can to be successful in their career. Hence learning basics of both the languages will give you an upper edge.
The best thing is that both the languages are not very difficult to learn, although R and Python are unique languages, they are very similar in many ways. They do have a different syntax and have their own technical advantages, at the same time are similar while using appropriate Python packages like Pandas etc…,
The world of data science is not getting smaller but will only continue to grow in this data-driven world. At such times it is best to enhance your knowledge where ever applicable. Doing an online course to learn R and Python would thus be a very recommended effort.
Data Analytics Market Growth and Scope Analysis in 2018
There is a lot of growth and evolution that is witnessed in the field of data analytics in the recent years. One has observed a fast growth of Machine Learning and Deep Learning, and hence you will see a big change in the trends of 2018 for Business Intelligence and Data Analytics. The entire focus is on Automation, to automate action and decision making, and replace the mundane tasks. Times are also witnessing a deep penetration of Internet of Things and Big Data Analytics, in the global business environment, which altogether has sparked the need for evolved Business Intelligence Systems that further work towards automation.
According to a report by Gartner, the market for Data Analytics, more specifically the Business Intelligence Market is expected to grow to $20.81 Billion by 2018. The sudden Business Intelligence growth is influenced by many factors. like,
- Organisations are increasingly tapping opportunities to leverage streaming data generated by devices, to make faster, relevant and real-time decisions.
- Data Analytics will include Cloud Deployments of BI and Data Analytics platforms which have the potential of reducing the cost of ownership and aid speedy deployment. Thus according to Gartner, the majority of new license buying will be in the cloud deployments by 2020.
- BI and the Analytics space will garner a lot of interest and will see a growth spurt as there is an availability in the marketplace, where buyers and sellers can collaborate to exchange analytic applications, or grouped data sources, custom visualization and algorithms.
- There is also a need for business users to analyse, large and complex combinations of the data source and data models. This needs to be done faster than before, in a more automated method for expanded use.
In the year 2018, Artificial Intelligence, Cloud Computing, Internet of Things, and several Business Applications, together will reshape the way IT functions in every business and industry.

While there is a lot of speculation, the sudden needs and changes in BI and Data Analytics have brought along some challenges as well,
- As we are discovering new and smart data analytics and augmented analytics, one basic struggle still exists of keeping up with the huge volumes of data. In the traditional systems as well, a huge percentage of data was underutilized, which already raised questions on the usefulness of the analytics system. With the current platforms on which BI data is hosted, the data is not only huge but pours from diverse sources, it would be interesting to understand how the risk of under usage is mitigated.
- With advanced Machine Learning Predictive Models, there is always a threat that it will replace the very minds that initiated it. The data professionals, data scientist, and the data programmers and the data analyst, might be replaced by self-service business intelligence.
Even though the challenges exist, with certainty it can be confirmed that in the year 2018…….
- Augmented Data Penetration will see popularity as it will enable the non-IT staff to pursue data testing tasks.
- Predictive analytics will thrive due to smart data discovery, making it the most preferred business analytics activity.
- Many organisations and business will invest in Business intelligence and Data Analytics platform, and this trend will be observed across industries.
The developments in BI and Data Analytics will not only improve data visibility and comprehension but will also reduce costs while producing better results.