Bharani Kumar

Data Science – A Beautiful Data Driven Journey

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Data Science is a profession related to processing algorithms and extracting deep insights from raw data. It depicts the importance of data and how it can be used in business and to make IT strategies. For recognizing the new ventures available in the market, identifying the patterns and to make better business decisions, data science is of utmost significance.  It is the duty of data scientists to convert raw data into relevant business information. They hold a center stage in developing the data products by carrying out experiments, analyzing them by using scientific methods and using their skill set. Spotting the growing trends and capitalizing on it before the competition to gain advantage.

TRAITS REQUIRED FOR DATA SCIENCE:

Data Scientists are not born intellectuals; they continuously work to gain all the skills expected by the companies as the demand surpasses the supply of applicants. Here are a few skills of data scientists:

  • Curiosity and Intuition to identify the hidden meaning of data and able to visualize.
  • Need to have leadership skills and have a business savvy mind to identify risks and opportunities.
  • A bachelor’s degree in math, IT, statistics along with a letter of recommendation which will help in knowing your acquired range of knowledge.
  • Specialized skills in machine learning, clustering and segmentation, exploration of data, Statistical research which helps in finances and increasing the profits of companies including modeling.
  • Familiarity and strong hold with programming languages such as hadoop, python, perl, R, etc.

BENEFITS OF DATA SCIENCE:

There are many advantages depending on the aim and interest of the company. Sales and Marketing departments, for example collect information from a particular industry and determine which products interest the customer the most and recommend for their production, be it online shopping goods, some online series or which shipment companies are best. They also help in detection of bank fraud. Data Science currently is a raging industry with well paid professionals. The amount of knowledge acquired through this course makes it a bonus for a better and lucrative career.

APPLICATIONS OF DATA SCIENCE:

Data Science has become a significant field in almost all sectors ranging from healthcare, internet searches, e-commerce sites, cell phones by increasing the features. By making use of statistical measures they predict the future events and try to avoid them by giving optimal solutions. Speech recognition has made it easy to search information or do stuff without typing the best eg being google voice, siri. learn data science training in hyderabad

ROLES OF DATA SCIENTIST IN THE INDUSTRY:

This course is a boon for aspirants who wish to build a career in: Data Science, Machine Learning, Data Visualization, Business Intelligence, Big data, etc. This course is a combination of knowledge and money providing both these aspects in abundant measure. There are many boot camps and courses that provide certifications and provide you with the skills. A data scientist must have enough business domain expertise to analyze the risks, profits and achieve the department goals.

RESOURCE BOX:

Data Science is an amazing course enriching your education bank..If you are thinking how to learn data science then some of the best online data science courses are available to give a start to your incredible journey filled with incredible knowledge learning experience.

Click here for more about the data science course in Bangalore.

Michael Lyamm

Optimize AI Talent: Perception from Across the Globe

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Despite the AI hype, the AI skill gap is turning into some pariah while businesses are accelerating to become demigods.

Reports from the “Global Talent Competitiveness Index (GTCI) 2020” cover multiple parameters both national and organizational to generate insight for further action. This report compiles 70 variables including 132 national economies across the globe – based on all groups of income and at every developmental level.

The sole purpose of the GTCI report is to narrow down the skill gap by delivering the right data inputs. The figures mentioned in the report could be of value to private and public organizations.

GTCI report covered multiple themes that need to be addressed: –

As the race to embrace AI spurs, it is evident to address the challenges faced due to AI and how best these problems can be solved.

The pace at which AI is developing is transforming the way we work, forcing a technology shift, change in the corporate structure, changing the innovation system for AI professionals in every possible way.

There’s more that is needed to be done as AI and automation continue to affect the way we work.

  • Reskilling in workplaces to eliminate dearth of talent

As the role in AI keeps evolving, organizations need a larger workforce, especially to play technology roles such as AI engineers and AI specialists. Looking closely at the statistics you may not fail to notice that the number of AI job roles is on the rise, but there’s scarce talent.

Employers must take on reskilling as a critical measure. Else how will the technology market keep up with changing trends? Reskilling in the form of training or AI certifications should be emphasized. Having an in-house AI talent is an added advantage to the company.

  • Skill gap between growing countries (low performing and high performing) are widening

Based on the GTCI report, it is seen there is a skill gap happening not only across industries but between nations. The report also highlights which country lacks basic digital skills, and this highly gets contributed toward a digital divide between nations.

  • High-level of cooperation needed to embrace AI benefits

As much as the world shows concern toward embracing AI, not much has been done to achieve these transformations. And AI has huge potential to transform society and make it a better place to live. However, to embrace these benefits, corporations must engage in AI regulation.

From a talent acquisition perspective, this simply means employers will need more training and reskilling opportunities.

  • AI to allow nations to skip generations

On a technological front, AI makes it possible to skip generations in developed nations. Although, not common due to structural obstruction.

  • Cities are now competing to become talent magnets and AI hubs

As AI continues to hit the market, organizations are aggressively coming up with newer policies to attract and retain AI professionals.

No doubt, cities are striving to attract the right kind of talent as competition keeps increasing. As such many cities are competing in becoming core AI engines in transforming energy grids, transportation, and many other multiple segments. Cities are now becoming the main test beds for AI-based tools i.e. self-driven vehicles, tele-surveillance, and facial recognition.

  • Sustainable AI comes when the society is equally up for it

With certain communities not adopting and accepting the advent of AI, it is difficult to say whether these communities will not try to distort AI narratives. As a result, it is crucial for multiple stakeholders to embrace AI and developed the AI workforce in parallel.

Not to forget, regulators and policy-makers have an equal role to play to ensure there’s a smooth transition in jobs. As AI-induced transformation skyrockets, educators and leaders need to move quickly as the new generations’ complete focus is entirely based on doing their bit to the society.

Two decades passed ever since McKinsey declared the war for talent – particularly for high-performing employees. As organizations are extensively looking to hire the right talent, it is imperative to retain and attract talent at large.

Despite the unprecedented growth in AI technologies, it is near to being unanimous regarding having hold of organizations to master in AI, forget about retaining talent. They’re not even getting better at it.

Even top tech companies such as Google and Amazon, the demand for top talent outstrips the supply. Although you may find thousands of candidates applying for the same job role, the competition just gets tougher since such employers are tough nuts and pleasing them is not an easy task.

If these tech giants are finding it difficult to hire the right talent, you could imagine the plight of other companies.

Given the optimistic view regarding the technology future, it is much more challenging to convince that the war for talent truly resembles the war on talent.

The good news is organizations that look forward to adopting new technology and reskill their employees will most likely thrive in the competitive edge.

Abhyank Srinet

Top 7 MBA Programs to Target for Business Analytics 

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Business Analytics refers to the science of collecting, analysing, sorting, processing and compiling various available data pertaining to different areas and facets of business. It also includes studying and scrutinising the information for useful and deep insights into the functioning of a business which can be used smartly for making important business-related decisions and changes to the existing system of operations. This is especially helpful in identifying all loopholes and correcting them.

The job of a business analyst is spread across every domain and industry. It is one of the highest paying jobs in the present world due to the sheer shortage of people with great analytical minds and abilities. According to a report published by Ernst & Young in 2019, there is a 50% rise in how firms and enterprises use analytics to drive decision making at a broad level. Another reason behind the high demand is the fact that nowadays a huge amount of data is generated by all companies, large or small and it usually requires a big team of analysts to reach any successful conclusion. Also, the nature and high importance of the role compels every organisation and firm to look for highly qualified and educated professionals whose prestigious degrees usually speak for them.

An MBA in Business Analytics, which happens to be a branch of Business Intelligence, also prepares one for a successful career as a management, data or market research analyst among many others. Below, we list the top 7 graduate school programs in Business Analytics in the world that would make any candidate ideal for this high paying job.

1 New York University – Stern School of Business

Location: New York City, United States

Tuition Fees: $74,184 per year

Duration:  2 years (full time)

With a graduate acceptance rate of 23%, the NYU Stern School makes it to this list due to the diversity of the course structure that it offers in its MBA program in Business Analytics. One can specialise and learn the science behind econometrics, data mining, forecasting, risk management and trading strategies by being a part of this program. The School prepares its students and offers employability in fields of investment banking, marketing, consulting, public finance and strategic planning. Along with opportunities to study abroad for small durations, the school also offers its students ample chances to network with industry leaders by means of summer internships and career workshops. It is a STEM designated two-year, full time degree program.

2 University of Pennsylvania – Wharton School Business 

Location: Philadelphia, United States

Tuition fees: $81,378 per year

Duration: 20 months (full time, including internship)

The only Ivy-League school in the list with one of the best Business Analytics MBA programs in the world, Wharton has an acceptance rate of 19% only. The tough competition here is also characterised by the high range of GMAT scores that most successful applicants have – it lies between 540 and 790, averaging at a very high threshold of 732. Most of Wharton’s graduating class finds employment in a wide range of sectors including consulting, financial services, technology, real estate and health care among many others. The long list of Wharton’s alumni includes some of the biggest business entities in the world, them being – Warren Buffet, Elon Musk, Sundar Pichai, Ronald Perelman and John Scully.

The best part about Wharton’s program structure is its focus on building leadership and a strong sense of teamwork in every student.

3 Carnegie Mellon University – Tepper School of Business

Location: Pittsburgh, United States

Tuition Fees: $67,575

Duration: 18 months (online)

The Tepper School of Business in Carnegie Mellon University is the only graduate school in the list that offers an online Master of Science program in Business Analytics. The primary objectives of the program is to equip students with creative problem solving expertise and deep analytic skills. The highlights of the program include machine learning, programming in Python and R, corporate communication and the knowledge of various business domains like marketing, finance, accounting and operations.

The various sub courses offered within the program include statistics, data management, data analytics in finance, data exploration and optimization for prescriptive analytics. There are several special topics offered too, like Ethics in Artificial Intelligence and People Analytics among many others.

4 Massachusetts Institute of Technology – Sloan School of Management

Location: Cambridge, United States

Tuition Fees: $136,480

Duration: 12 months

The Master of Business Analytics program at MIT Sloan is a relatively new program but has made it to this list due to MIT’s promise and commitment of academic and all-rounder excellence. The program is offered in association with MIT’s Operations Research Centre and is customised for students who wish to pursue a career in the industry of data sciences. The program is easily comprehensible for students from any educational background. It is a STEM designated program and the curriculum includes several modules like machine learning, usage of analytics software tools like Python, R, SQL and Julia. It also includes courses on ethics, data privacy and a capstone project.

5 University of Chicago – Graham School

Location: Chicago, United States

Tuition Fees: $4,640 per course

Duration: 12 months (full time) or 4 years (part time)

The Graham School in the University of Chicago is mainly interested in candidates who show love and passion for analytics. An incoming class at Graham usually consists of graduates in science or social science, professionals in an early career who wish to climb higher in the job ladder and mid-career professionals who wish to better their analytical skills and enhance their decision-making prowess.

The curriculum at Graham includes introduction to statistics, basic levels of programming in analytics, linear and matrix algebra, machine learning, time series analysis and a compulsory core course in leadership skills. The acceptance rate of the program is relatively higher than the previous listed universities at 34%.

6 University of Warwick – Warwick Business School

Location: Coventry, United Kingdom

Tuition Fees: $34,500

Duration: 12 months (full time)

The only school to make it to this list from the United Kingdom and the only one outside of the United States, the Warwick Business School is ranked 7th in the world by the QS World Rankings for their Master of Science degree in Business Analytics. The course aims to build strong and impeccable quantitative consultancy skills in its candidates. One can also look forward to improving their business acumen, communication skills and commercial research experience after graduating out of this program.

The school has links with big corporates like British Airways, IBM, Proctor and Gamble, Tesco, Virgin Media and Capgemini among others where it offers employment for its students.

7 Columbia University – School of Professional Studies

Location: New York City, United States 

Tuition Fees: $2,182 per point

Duration: 1.5 years full time (three terms)

The Master of Sciences program in Applied Analytics at Columbia University is aimed for all decision makers and also favours candidates with strong critical thinking and logical reasoning abilities. The curriculum is not very heavy on pure stats and data sciences but it allows students to learn from extremely practical and real-life experiences and examples. The program is a blend of several online and on-campus classes with several week-long courses also. A large number of industry experts and guest lectures take regular classes, conduct workshops and seminars for exposing the students to the real-world scenario of Business Analytics. This also gives the students a solid platform to network and broaden their perspective.

Several interesting courses within the paradigm of the program includes storytelling with data, research design, data management and a capstone project.

The admission to every school listed above is extremely competitive and with very limited intake. However, as it is rightly said, hard work is the key to success, one can rest guaranteed that their career will never be the same if they make it into any of these programs.

Michael Lyamm

Accelerate your AI Skills Today: A Million Dollar Job!

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The skyrocketing salaries ($1m per year) of AI engineers is not a hype. It is the fact of current corporate world, where you will witness a shift that is inevitable.

We’ve already set our feet at the edge of the technological revolution. A revolution that is at the verge of altering the way we live and work. As the fact suggests, humanity has fundamentally developed human production in three revolutions, and we’re now entering the fourth revolution. In its scope, the fourth revolution projects a transformation that is unlike anything we humans have ever experienced.

  • The first revolution had the world transformed from rural to urban
  • the emergence of mass production in the second revolution
  • third introduced the digital revolution
  • The fourth industrial revolution is anxious to integrate technologies into our lives.

And all thanks to artificial intelligence (AI). An advanced technology that surrounds us, from virtual assistants to software that translates to self-driving cars.

The rise of AI at an exponential rate has disrupted almost every industry. So much so that AI is being rated as one-million-dollar profession.

Did this grab your attention? It did?

Now, what if we were to tell you that the salary compensation for AI experts has grown dramatically. AI and machine learning are fields that have a mountain of demand in the tech industry today but has sparse supply.

AI field is growing at a quicker pace and salaries are skyrocketing! Read it for yourself to know what AI experts, AI researchers and any other AI talent are commanding today.

  • A top-class AI research laboratory, OpenAI says that techies in the AI field are projected to earn a salary compensation ranging between $300 to $500k for fresh graduates. However, expert professionals could earn anywhere up to $1m.
  • Whopping salary package of above 100 million yen that amounts to $1m is being offered to AI geniuses by a Japanese firm, Start Today. A firm that operates a fashion shopping website named Zozotown.

Does this leave you with a question – Is this a right opportunity for you to jump in the field and make hay while the sun is shining? 

And the answer to this question is – yes, it is the right opportunity for any developer seeking a role in the AI industry. It can be your chance to bridge the skill shortage in the AI field either by upskilling or reskilling yourself in the field of AI.

There are a wide varieties of roles available for an AI enthusiast like you. And certain areas are like AI Engineers and AI Researchers are high in demand, as there are not many professionals who have robust AI knowledge.

According to a job report, “The Future of Jobs 2018,” a prediction was made suggesting that machines and algorithms will create around 133 million new job roles by 2022.

AI and machine learning will dominate the tech world. The World Economic Forum says that several sectors have started embracing AI and machine learning to tackle challenges in certain fields such as advertising, supply chain, manufacturing, smart cities, drones, and cybersecurity.

Unraveling the AI realm

From chatbots to financial planners, AI is impacting the way businesses function on a day-today basis. AI makes the work simpler, as it provides variables, which makes the work more streamlined.

Alright! You know that

  • the demand for AI professionals is rising exponentially and that there is just a trickle of supply
  • the AI professionals are demanding skyrocketing salaries

However, beyond that how much more do you know about AI?

Considering the fact that our lives have already been touched by AI (think Alexa, and Siri), it is just a matter of time when AI will become an indispensable part of our lives.

As Gartner predicts that 2020 will be an important year for business growth in AI. Thus, it is possible to witness significant sparks for employment growth. Though AI predicts to diminish 1.8 million jobs, it is also said to replace it with 2.3 million jobs that will be created. As we look forward to stepping into 2020, AI-related job roles are set to make positive progress of achieving 2 million net-new employments by 2025.

With AI promising to score fat paychecks that would reach millions, AI experts are struggling to find new ways to pick up nouveau skills. However, one of the biggest impacts that affect the job market today is the scarcity of talent in this field.

The best way to stay relevant and employable in AI is probably by “reskilling,” and “upskilling.” And  AI certifications is considered ideal for those in the current workforce.

Looking to upskill yourself – here’s how you can become an AI engineer today.

Top three ways to enhance your artificial intelligence career:

  1. Acquire skills in Statistics and Machine Learning: If you’re getting into the field of machine learning, it is crucial that you have in-depth knowledge of statistics. Statistics is considered a prerequisite to the ML field. Both the fields are tightly related. Machine learning models are created to make accurate predictions while statistical models do the job of interpreting the relationship between variables. Many ML techniques heavily rely on the theory obtained through statistics. Thus, having extensive knowledge in statistics help initiate the first step towards an AI career.
  2. Online certification programs in AI skills: Opting for AI certifications will boost your credibility amongst potential employers. Certifications will also enhance your earning potential and increase your marketability. If you’re looking for a change and to be a part of something impactful; join the AI bandwagon. The IT industry is growing at breakneck speed; it is now that businesses are realizing how important it is to hire professionals with certain skillsets. Specifically, those who are certified in AI are becoming sought after in the job market.
  3. Hands-on experience: There’s a vast difference in theory and practical knowledge. One needs to familiarize themselves with the latest tools and technologies used by the industry. This is possible only if the individual is willing to work on projects and build things from scratch.

Despite all the promises, AI does prove to be a threat to job holders, if they don’t upskill or reskill themselves. The upcoming AI revolution will definitely disrupt the way we work, however, it will leave room for humans to perform more creative jobs in the future corporate world.

So a word of advice is to be prepared and stay future ready.