Data Scientists: Significance of Data Scientist And Their Roles

Data Scientists: What Are The Roles And Responsibilities of A Data Scientist

Data is a term we often come across in our day-to-day life. We often consider it to be a branch or topic associated with statistics and mathematics. We don't look at data beyond specific numbers. We need to learn more about the significance of Data in the business world.

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This article is based on Data Scientists and their roles. It can be regarded as a lucrative profession however, if you want to become a data scientist then you need to develop the requisite skills and necessary business acumen for it. It may appear from the top a straightforward task, but the fact of the matter is it is a skillful job. Dealing with large volumes of numbers are never an easy task. It is complex and fairly daunting. It is challenging and it needs analytical power. As we proceed ahead with this article, we will come to know about Data Scientists. We will be thankful to you all if you can kindly share your opinion on this article in the comment section. So let's step into the world of Data Scientists.

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The term Data Scientist was first coined in 2008. Various organizations felt that they need to hire experts who can not only deal with large numbers of complex data but also communicate their findings in a way that will play a pivotal role in adopting the right strategy for further expansion of business. Companies have realized dealing with data needs a different type of skill set therefore, it's an expert job so it must be entrusted to such people, who can direct and provide the right guidance.

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Data Scientists are responsible for examining which questions need to be answered and where can we find the related data for it. Such a scientist needs to possess a high degree of analytical skills and must be able to mine, clean & present data in a manner that is prescribed or required. Data scientists are required to source, manage &  analyze, a very large number of unstructured data. Results are then combined and forwarded to the concerned stakeholders, who in turn formulate strategies so that they can yield the desired outcome.

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By now, you must have realized the role of data scientists and the fact that their style of functioning needs them to be pinpointed and accurate in their observations. The result obtained from them is used to make strategic decisions. If they fail to compile the data in a proper way and produce misleading results then it will surely have a negative bearing on the business prospects as well as on the overall business environment of that Organization.

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Now coming to the skills considered mandatory for Data Scientists, we will have to understand that it is a job requiring plenty of skills and expertise. It is not a job that can be done if you are partially focused. It needs a lot of patience, qualities, abilities and the right mindset. If you have the right set of skills only then you can expect to do justice to this profile.

The following Skills are of Immense Value to a Data Scientist  

• Mathematical Skills

• Analytical Skills

• Machine Learning

• Programming Skills like Python, SAS, R, etc.

• Data Visualization

• Statistical Skills

• Hadoop

• SQL

In the absence of the aforesaid skills, it is almost next to impossible for you to stamp your authority as a successful Data Scientist. As stated at the beginning of this article this job requires a person to be extremely versatile. The data scientist will have to be result-oriented having industry-specific - knowledge so that they can communicate the technical results to non-technical persons in the right manner failing which it won't serve the purpose. They need to have a strong quantitative background in statistics as well as linear algebra.

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Data Scientists have become a real asset for the business world owing to the large number of data they deal with. The result furnished by Data Scientist goes a long way in directing the organization to come up with the right strategy, capable of enhancing the profitability ratio of the business. Based on the analysis of Data Scientists, various organizations formulate their strategic business decisions which in turn helps them to earn more revenues by having the right business plan.

Conclusion

As we have seen in this article, Data Scientist holds the key to a great degree in today's competitive & cut throat business world. They provide the right direction to their organizations by identifying relevant questions, collecting data from a multitude of different data sources, organizing and eventually deriving results and conveying their findings in such a way that their organizations can prepare the right business strategy. We are hopeful, this article will be of great importance to our readers.

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