Data Science: The New Monetization Model for Analytics Industry - Digitally Cognizant

"Data Scientist is the sexiest job of the 21st century" So, what exactly is data science and why all the hype around data scientists. Frankly speaking, multiple job descriptions and explanations of the same role make it harder for businesses to clearly understand what a data scientist is and does. This complicates the ROI business leaders expect when investing in them. To me, data Science involves mining actionable and sensible insights from multiple data formats by applying mathematics, statistics, machine learning, etc. Data scientists typically analyze data sets, or data depositories that are maintained within an organization and/or they analyze data scraped from publicly available sources.