Data science is a multidisciplinary blend of data inference, algorithm development, and technology in order to solve analytically complex problems.
As the world entered the era of big data, the need for its storage also grew. It was the main challenge and concern for the enterprise industries until 2010. The main focus was on building framework and solutions to store data. Now when Hadoop and other frameworks have successfully solved the problem of storage, the focus has shifted to the processing of this data. Traditionally, the data that we had was mostly structured and small in size, which could be analyzed by using the simple BI tools. Unlike data in the traditional systems which was mostly structured, today most of the data is unstructured or semi-structured. This data is generated from different sources like financial logs, text files, multimedia forms, sensors, and instruments. Simple BI tools are not capable of processing this huge volume and variety of data. This is why we need more complex and advanced analytical tools and algorithms for processing, analyzing and drawing meaningful insights out of it. This is not the only reason why Data Science has become so popular. Let’s dig deeper and see how Data Science is being used in various domains. Data Science is the future of Artificial Intelligence.