Category Archives: Data Science
Use of Data Science in the Making of Cryptocurrency Blockchains – Analytics Insight
Learn more about the use of data science in cryptocurrency blockchain
Emerging technologies such as big data and blockchain are touted to be the next big things set to revolutionize the way organizations do business. Most of us are under the impression that these technologies are mutually exclusive each having its own unique paths and used separately. However, that will be off the mark. While data science deals with utilizing data for proper administration, blockchain ensures the data security with its decentralized ledger.
These technologies have vast untapped potential that can increase efficiency and enhance productivity. Blockchain technology rose to prominence with the increasing interest in digital currencies such as cryptocurrencies and bitcoin. However, today it has found relevance not just in recording cryptocurrency transactions, but also recording anything of value. The aim of data science is to extract insights and other information from data, both structured and unstructured data. The field of data science encompasses machine learning, data analysis, statistics and other advanced methods that are employed to gain an understanding of the actual processes that use data.
Corporate giants such as Facebook, Google, Apple, and Amazon are mining volumes of data every day. The vast field of data science has spurred the demand for data scientists who are tasked with deriving meaning from data and assisting in solving real-world problems. This demand is also fed by the area of big data, an advanced area of data science which deals with extremely huge volumes of data that cannot be handled by conventional data handling techniques. With blockchain, a new way of handling data is possible. It has eliminated the need for the data to be brought together and has paved the way to a decentralized structure where data analysis is possible right from the edge of individual devices. Additionally, data generated through blockchain is validated, structured and immutable. Since the data provided by blockchain ensures data integrity, it enhances big data.
Today, most businesses are looking towards deeper, advanced analytics as data has become more accessible and robust. Currently, the data that businesses use are mostly scattered which demands weeks or months of effort to sort out. The integrity of the data can be affected greatly by any sort of human error, affecting the end analysis. Data also faces the risk of being compromised when it is stored in one centralized location. There is also the possibility of data centers being tampered with and getting released to the public. Everyone wants needs, but it is a huge chore to ensure that it is accurate and secure. For executing data analysis and predictive modeling, data science needs a functional and solid data set. With a decentralized blockchain, data scientists can strengthen their ability to manage data and also set a solid infrastructure.
A straightforward utilization of big data and data science in the crypto space is to perform cryptocurrency analytics. Big data infrastructure can handle the massive volume of cryptocurrency data generated from transactions. Data science techniques can generate useful investment insights and predict future outcomes. By taking transaction data for analysis, it is possible to identify the price fluctuation of any given crypto (doing Bitcoin future predictions, for example), enabling investors to improve profitability and prevent substantial losses. In addition, crypto forecasting can also be trained using social-based data. Information like user activities and participation, combined with transaction data, current market price and computational powers, better prediction on the market volatility over time can be generated.
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Use of Data Science in the Making of Cryptocurrency Blockchains - Analytics Insight
Data Science Platform Market Share and Size 2021: Industry Demand and Forecast to 2027 by Top Key Players Overview Dataiku, Alteryx, Continuum…
The report studies the Global Data Science Platform Market with many aspects of the industry like the market size, market status, market trends, and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. The report offers valuable insight into the Data Science Platform Market progress and approaches related to the market with an analysis of each region. The report goes on to talk about the qualitative and quantitative assessments by industry analysts. The report also takes into account the impact of the COVID-19 and also forecasts its recovery post-COVID-19. The report also presents forecasts for Data Science Platform investments from 2021 till 2027.
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Top Key Players in the Global Data Science Platform Market:
Microsoft CorporationIBM CorporationGoogleWolframDataRobotSenseRapidMinerDomino Data LabDataikuAlteryxContinuum Analytics
Market Segmentation:
By Type:
On-PremisesOn-Demand
By Application:
Banking, Financial Services, and Insurance (BFSI)Healthcare and Life SciencesInformation Technology and TelecomRetail and Consumer GoodsMedia and EntertainmentManufacturingTransportation and LogisticsEnergy and UtilitiesGovernment and DefenseOthers
Regional Analysis:
North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)South America (Brazil, Argentina, Colombia)Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Data Science Platform Market research is an understanding report with meticulous efforts undertaken to study the right and important information offering an entire study of the Impact of COVID-19 on Data Science Platform Market, Industry Outlook, Opportunities in Market, and Expansion By 2027 and also taking into consideration key factors like drivers, challenges, recent trends, opportunities, advancements, and competitive landscape. Research techniques like PESTLE and SWOT analysis are made available by the researchers.
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Significant Features that are under Offering and Key Highlights of the Reports:
Detailed overview of Data Science Platform Market Changing market dynamics of the industry In-depth market segmentation by Type, Application etc. Historical, current and projected market size in terms of volume and value Recent industry trends and developments Competitive landscape of Data Science Platform Market Strategies of key players and product offerings Potential and niche segments/regions exhibiting promising growth.
Some of the Key Questions Answered in the Data Science Platform Market Report:
-Short-Term & Long-Term factors that will affect the industry due to COVID-19.
What is the Market Growth, Sales for each Region/Country, Production, Consumption, Import-Export, Trends, Latest Development, etc.?
-Historical, Present, and Future market development, growth, and market size till the forecast period.
-What are the key regions or segments that will drive the market in the near future?
-Comprehensive mapping of the key participants and the latest strategies adopted by the players in the Industry. Manufacturers behavior analysis.
Detailed Qualitative analysis and Quantitative insights are presented in the report that is helpful for future growth.
The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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How a Boot Camp Grad Went From Unemployed to 6 Figures in 2 Months – Business Insider
Despite having a PhD in astrophysics, Marcos Huerta, 43, based in Richmond, Virginia, found himself unemployed and struggling to find positions in his field. So he signed up for Pragmatic Institute's data science fellowship through The Data Incubator in fall 2018. Later that same year, he was hired as a data scientist at CarMax with a six-figure salary.
He told Insider the boot camp helped him quickly and successfully switch careers to tech.
"I was looking to broaden the positions and localities where I could find work," Huerta said. "Had the perfect noncoding job come up, I would have still considered it, but I wanted more options to find a stable job at a good company."
Huerta shared his story with Insider and advice for others looking to attend a boot camp.
After graduating grad school in 2007, Huerta worked in science policy for nine years, first through policy fellowships and then as an official in the Obama administration. He moved to Washington, DC, in 2008 and later worked for an office in the House of Representatives, eventually becoming an advisor at the US Department of Energy.
But the latter job was an appointee position that ended at the start of 2017, so he needed to come up with a new opportunity.
"While I found some short-term contract work, I was frustrated with my overall job search," Huerta said. "Data scientist was not really a job title when I left graduate school in 2007, but I started to think about it at the suggestion of my now father-in-law."
While he had some experience in data science from previous jobs, he lacked familiarity with new data-science tools. He taught himself the R language using free Johns Hopkins online classes and an R package called swirl.
Huerta then used R when applying to The Data Incubator since there are data analysis questions as part of the admissions process, but he was not initially selected for a fellowship. He applied again in the summer of 2018 and got in.
Huerta started the eight-week data science training course in September 2018 and completed it on November 2.
"CarMax called me and made me the offer on the very last day of the boot camp," he said. "We were having the end-of-boot camp celebration when I got the call."
Huerta was unemployed while attending the boot camp.
"We were told it was a full-time commitment and not to have other employment, but since I was between jobs, that was not an issue," he said.
Since Huerta was selected for a fellowship at The Data Institute, he didn't have to pay any tuition out of pocket for the training. His total cost for participating was around $150 for a computing resources fee.
Huerta said that the first week of the boot camp was "kind of overwhelming."
"The weekly mini-project was doing a lot of web scraping with Beautiful Soup a Python package and it was all new to me," he said. "Plus, I was also supposed to be thinking about job applications, my resume, my capstone project it was a lot."
The training's first weekly project turned out to be the hardest one, Huerta said. Once he completed that, the key challenges became time management and prioritization.
"The boot camp was a full day around eight hours a day from 9 a.m. to 5 p.m," Huerta said. "The amount of time I spent beyond that varied: The first week I probably put in an additional two to three hours a day. Subsequent weeks I could mostly get what I needed done from 9 to 5 or 9 to 6."
As the boot camp went on, the idea of learning something new each week became less intimidating, he said.
"The experience was the opposite. It became empowering as I realized, 'If I focus full time on a new data-science tool, in less than a week I can figure it out,'" he said. "Obviously, I didn't become an expert on what we were learning in just a week, but it still felt like I could learn the basics of anything quickly."
Huerta said when considering a boot camp or career change, try a free or inexpensive course first before diving into a big commitment.If you're still a student, he suggested taking machine-learning or data-science courses at your college.
Since doing a project will be a big component of any boot camp, he also said to give yourself a project first.
"I used several online sites and courses to teach myself Python and R before I even applied for the boot camp," Huerta said. "When I was teaching myself Python, I came up with a side project for myself to make my Raspberry Pi speak out the local weather and metro bus arrival times in the morning."
Finally, he said talk with people who have gone through the boot camp. Although he wasn't able to speak to an alum of the program, he said, he did try to cold email some people on LinkedIn, and a friend of a friend helped him connect with someone who had done a different boot camp.
"Alumni can give you their take about what they learned, the challenges, and the benefits," Huerta said.
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How a Boot Camp Grad Went From Unemployed to 6 Figures in 2 Months - Business Insider
Prisma Analytics and CryptoDATA Tech are hosting a promotional event in Dubai – Times of Oman
Prisma Analytics and CryptoDATA Tech are hosting a promotional event in Dubai, UAE on 11 December 2021 together with its strategic marketing partners at the Grand Hyatt Dubai.
We proudly announce that the go-to-market in the Middle East and GCC Region will be executed in partnership with Hot Point Premium Energy LLC under the supervision of Armin Wais and H.E. Chachie Nassere Salim Al Yahmmedi.
Edain represents the quantification of data in a tangible form and the emergence of a new knowledge industry that is designed to be made easily accessible to any person with an internet connection.
The Edain knowledge ecosystem uses a Tradable License Key (TLK) that represents the measurement of a unit of knowledge with the purpose of creating value that can be capitalized through the tradable unit (EAI), providing user access to the knowledge generated by the Edain knowledge platform. Powered by an innovative big data analytics engine called C+8 Technology, it has been developed according to, and on the basis of technological patents by Dr. Hardy F. Schloer.
Edain is a transformative AI environment based on big-data analytics tools that will allow any desiring human access to the most complete repository of knowledge for the purpose of making decisions of any complexity more efficiently and fact-based. The center of the Edain knowledge ecosystem is its SDG Knowledge Vault. The Knowledge Vault is a centralized data repository that stores all of the data collected and processed by Edain through its proprietary C+8 Data Model. C+8 provides a few key features that allow for the scale of the Edain project to be able to be realized all of which are breakthroughs in the field of data science by themselves.
Namely, C+8 Technology allows for data to self-organize in Edains fully autonomous data analytics ecosystem. Further, C+8 is able to generalize unstructured data, measure knowledge in a way that can be standardized and removes almost all human bias in its analytics process.
The end goal of Edain is to make knowledge available to humans as a utility, the same as many homes and businesses around the world have electricity and water distributed to their premises through well-developed grid networks. In doing so, Edain intends to shrink the global knowledge gap that is the cause of many of the worlds socioeconomic problems that cause conflict between humans.
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Prisma Analytics and CryptoDATA Tech are hosting a promotional event in Dubai - Times of Oman
Someone’s calling about AI. Graph technology is ready to answer – ComputerWeekly.com
This is a guest blogpost by Emil Eifrem, co-founder and CEO at Neo4j. He writes on why he thinks graph technology is emerging as a powerful way to make AI a reality for the enterprise.
According to Gartner, by 2025 graph technology will be used in 80% of data and analytics innovations, up from 10% in 2021. The worlds largest IT research and advisory firm is also reporting that an amazing 50% of all inquiries it receives around AI and machine learning are about graph database technology, up from 5% in 2019.
Its a rise the firm attributes to the fact that graph relates to everything when it included graphs in its top 10 data and analytics technology trends for 2021.
Whats clear from these figures is that graph databases are an essential tool for developers, but also increasingly for data scientists. Google, shifted its machine learning over to graph several years ago, and now the enterprise is following.
From concept to concrete
I predict that within 5 years, machine learning applications that dont incorporate graph techniques will be the vanishingly small exception. Graphs unlock otherwise unattainable predictions based on relationships, the underpinnings of AI and machine learning. And thats why the enterprise is going all in on graphs and why Gartners phone keeps ringing!
Graph data science is essentially data science supercharged by a graph framework, which connects multiple layers of network structures. The graph-extended models predict behaviour better.
Graph databases are also the perfect way to bridge the conceptual and the very concrete. When we create machine learning systems, we want to represent the real world, often in great detail and in statistical and mathematical forms. But the real world is also connected to concepts that can be complex. Thats why graphs and AI go together so well, because youre analysing reams of data through deep, contextual queries.
Connections in data are exploding
Uptake on graphs is set to continue because data management is increasingly about connected use cases. After all, many of the best AI-graph commercial use cases didnt exist 20 years ago. You couldnt spotlight fraud rings using synthetic identities on mobile devices because none of those things existed. And yet theyre everywhere today.
Manufacturing companies would have a supply chain that was only two or three levels deep, which could be stored in a relational database. Fast forward to today, and any company that ships goods operates in a global, fine-grained supply chain mesh spanning continent to continent. In 2021, youre no longer talking about two or three hopsyoure talking about a supply chain representation that is 20-30 levels deep. In response, many of the worlds biggest and best businesses have discovered graphs as a great way to get visibility n levels deep into the supply chain to spot inefficiencies, single points of failure, and fragility. Only graph technology can digitise and operationalise it for that degree of connectedness at scale.
As global digitisation increasingly expands, the volume of connected data is expanding right along with it. Were also facing more and more complex problems, from climate change to financial corruption, and its going to continue. The good news is we now have graph technology to access more help from machines to face the challenging situations ahead.
Welcome to the world of real, practical enterprise AI at last.
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Someone's calling about AI. Graph technology is ready to answer - ComputerWeekly.com
Student entrepreneurs at Intus Care harness power of data to improve health care for the elderly – Brown University
His entrepreneurial senses started tingling: This is an area of health care primed for transformation, he thought. He knew just who to talk to: Evan Jackson, a Brown senior concentrating in economics and religious studies, who was equally passionate about entrepreneurship.
Felton knew Jackson from the Brown football team. Theyd already collaborated on another venture: an idea to convert algae into biofuel that they entered in a Hult Prize competition at Brown in 2018. Felton and Jackson were excited to collaborate on a project that involved data and health care something that could potentially help people who needed it.
They connected with Samuel Prado (One of the smartest people I knew at Brown, Jackson said), who was studying public health and economics and who had a connection to the geriatric space, as well: His parents worked as clinicians at an AIDS clinic with a community family health center, and Prado used to volunteer in a nursing home.
The trio workshopped Intus Care during Summer 2019 as part of the Breakthrough Lab accelerator program run by the Nelson Center for Entrepreneurship. When classes resumed, they met Alexander Rothberg, who was concentrating in computer science, who joined them to lead the technology side of the business and create the first digital product.
It was all starting to come together, Jackson said. We had the health care piece, the business piece and now the tech piece.
One puzzle piece was left, and it was shaped like a dollar sign.
In Fall 2019, the team earned a place as a finalist in the MassChallenge startup accelerator program and received $50,000 in seed money. It was a pivotal investment, Jackson said.
Intus Care presents health care data to providers in a clear, usable and actionable format.
They also teamed up with Dr. Megan Ranney, an emergency physician, Brown professor academic leader and digital health expert, on an independent study. Over the course of a year, Ranney provided feedback on the research aspects of their work, linked them with local and national experts and provided a physicians view on other services in the same space. While there are companies working to make accessible the overwhelming amount of information from sources as disparate as electronic health records, medical imaging, genomic sequencing, pharmaceutical research, medical devices and more, Ranney talked to the students about how its rarely presented to clinicians in a useful form.
With additional long-distance advising from engineering and entrepreneurship professors Barrett Hazeltine and Thano Chaltas, Felton, Jackson and Prado moved temporarily to Ann Arbor, Michigan, to shadow Sonja Felton at Huron Valley PACE, looking for a firsthand view as part of their independent study. They put in long work weeks at the geriatric care facilities, getting to know everyone from patients to providers to administrators.
We realized we needed to go learn what geriatric care providers need as well as how we could help them, Jackson said.
A good way to think about a PACE program, Jackson said, is as a daytime care center for older adults patients are able to live in their own homes and are transported daily to the center, where care providers coordinate all of the services required, from medical to social.
Whats special about PACE is that the providers can make use of any tool in their arsenal to improve care outcomes for older adults, Jackson said.
Leveraging data becomes so important, he said. If the caregiver notices a red flag, they have the tools and the ability to do something like make an appointment, address an issue that could reverse the trend and keep the patient out of the hospital.
Through conversations with Ranney, the students thought about ways to bring their ideas to life digitally. They collaborated closely with Rothberg, who remained in Providence and took Brown courses that would turn out to be highly influential in the final design of the product including data science, taught by Ellie Pavlick, and machine learning, taught by Stephen Bach, both assistant professors of computer science. Daniel Ritchies classes on deep learning, and advice and guidance from Stefanie Tellex, an assistant professor of computer science, proved equally impactful.
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‘Tis the season to plan a summer internship – In addition to celebrating holidays December is the perfect time for students on their winter break to…
Peter Valverde pictured at his Cal Berkeley dorm hopes to find a summer internship in San Diego when he returns home this summer. (Courtesy photo)
In addition to celebrating holidays, December is the perfect time for students on their winter break to explore summer internships or job prospects. Alvarado Estates is home to students attending local colleges and universities, as well as institutions in other parts of California and across the country. No matter where they reside during the school year, most of them will be in the neighborhood for the summer months. As well as having fun with friends and sleeping in, most students will make time for personal and professional development, too.
Peter Valverde and his siblings grew up in Alvarado Estates. He is now a sophomore at the University of California, Berkeley. He plans to search for an internship when classes end next week.
I will be coming home for the summer vacation, but hopefully it wont be too much of a vacation, he said, adding he wants to look into data science internships, which would compliment his academic interests and career goals. I found that my data science tutoring job has helped me connect with people in the community and has motivated me toward finding and pursuing data science opportunities.
Peters older sister, Danielle Valverde, has already secured an internship. She is finishing a degree in Communication Studies at the University of San Diego. A family friend alerted her to an opportunity that sounded like a great match with her undergraduate degree and the Masters Degree she wants to earn in Human Resources and Leadership. After submitting a resume of her previous job experiences and educational accomplishments, she had a phone interview that resulted in an internship with the Office of Development and Foundations Executive Director and the Development Coordinator at Southwestern College.
Most colleges and universities have a program in place to assist students who want to bolster their academic studies with experiential learning. Schools know that an internship can help a student bridge their studies and the real world by gaining the skills to launch into a meaningful career.
Andre Frater helps students find out about opportunities on and off campus right here at San Diego State University Career Services. The programs website offers enrolled SDSU students the chance to set up an in-person or virtual one-on-one career advising appointment to define, develop and realize their career potential. Students learn tips to produce a resume, write cover letters and prepare for an interview. How to Make a Good First Impression on a Virtual Interview, is one of many videos produced by recruiting sites and available as direct links from the SDSU Career Services website.
Andre encourages students to use online platforms like Handshake to find internships. Handshake is a relatively new online recruiting site for higher education students and recent alumni. The app helps to streamline the process by connecting students with open positions, such as internships and entry-level jobs all over the country.
The Handshake website states that there are, more than nine million active student users, more than 1,400 college and university partners, and more than 600k active employers, including 100% of the Fortune 500 companies. You can learn more about the app by going to joinhandshake.com. The website instructions seem simple: Download the Handshake app and sign-up with your college and student account, create a personal profile and get personalized job recommendations, connect with employers to learn about company culture and open roles, and apply and get the job!
In addition to Handshake, try Indeed.com, LinkedIn, Facebook or networking with friends and neighbors to secure that invaluable summer experience.
If you have the ability to provide an internship opportunity for students, sign up as an employer on Handshake or reach out to Andre Frater and the Career Resources Team at SDSU by calling 619-594-6509.
Karen Austin writes on behalf of the Alvarado Estates Association.
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Wildfire dataset could help firefighters save lives and property – UC Riverside
A team at UC Riverside led by computer science assistant professor Ahmed Eldawy is collaborating with researchers at Stanford University and Vanderbilt University to develop a dataset that uses data science to study the spread of wildfires. The dataset can be used to simulate the spread of wildfires to help firefighters plan emergency response and conduct evacuation. It can also help simulate how fires might spread in the near future under the effects of deforestation and climate change, and aid risk assessment and planning of new infrastructure development.
The open-source dataset, named WildfireDB, contains over 17 million data points that capture how fires have spread in the contiguous United States over the last decade. The dataset can be used to train machine learning models to predict the spread of wildfires.
One of the biggest challenges is to have a detailed and curated dataset that can be used by machine learning algorithms, said Eldawy. WildfireDB is the first comprehensive and open-source dataset that relates historical fire data with relevant covariates such as weather, vegetation, and topography.
First responders depend on understanding and predicting how a wildfire spreads to save lives and property and to stop the fire from spreading. They need to figure out the best way to allocate limited resources across large areas. Traditionally, fire spread is modeled by tools that use physics-based modeling. This method could be improved with the addition of more variables, but until now, there was no comprehensive, open-source data source that combines fire occurrences with geo-spatial features such as mountains, rivers, towns, fuel levels, vegetation, and weather.
Eldawy, along with UCR doctoral student Samriddhi Singla and undergraduate researcher Vinayak Gajjewar, utilized a novel system called Raptor, which was developed at UCR to process high-resolution satellite data such as vegetation and weather. Using Raptor, they combined historical wildfires with other geospatial features, such as weather, topography, and vegetation, to build a dataset at a scale that included the most of the United States.
WildfireDB has mapped historical fire data in the contiguous United States between 2012 to 2017 with spatial and temporal resolutions that allow researchers to home in on the daily behavior of fire in regions as small as 375-meter square polygons. Each fire occurrence includes type of vegetation, fuel type, and topography. The dataset does not include Alaska or Hawaii.
To use the dataset, researchers or firefighters can select information relevant to their situation from WildfireDB and train machine learning models that can model the spread of wildfires. These trained models can then be used by firefighters or researchers to predict the spread of wildfires in real time.
Predicting the spread of wildfire in real time will allow firefighters to allocate resources accordingly and minimize loss of life and property said Singla, the papers first author.
The paper, WildfireDB: an open-source dataset connecting wildfire spread with relevant determinants, will be presented at the 35th Conference on Neural Information Processing Systems (NeurIPS 2021) Track on Datasets and Benchmarks and is available here. A visualization of the dataset is available here. Eldawy, Singla, and Gajjewar were joined in the research by Ayan Mukhopadhyay, Michael Wilbur, and Abhishek Dubey at Vanderbilt University; and Tina Diao, Mykel Kochenderfer, and Ross Shachter at Stanford University.
Header photo:Mike Newbry on Unsplash
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Wildfire dataset could help firefighters save lives and property - UC Riverside
Council Post: Experiential LearningAn Essence To Address The Skill Gap In The Field Of Analytics And Data Science – Analytics India Magazine
Method of teaching has been a subject of discussion and debate for a long time. The effectiveness of training and skilling has been questioned and deliberated time and again globally, irrespective of the field, stream, sector, or specialisation.
The education sector, of late, has been witnessing a move away from traditional teaching techniques. Rote learning is slowly becoming expendable, especially in practical fields like analytics and data science.
The pace at which these fields are evolving coupled with the rapidly increasing demand globally across all industry verticals has created a significant gap in the right talent supply with the skillset to apply themselves for a given business context and create impact.
While the academic institutes, MOOCs, and the likes are doing a tremendous job in creating awareness and equipping the talent with theoretical concepts and knowledge, there is a gap that is widening around enabling the talent with the right experience to be impactful on-the-job quickly. The rising attrition of experienced talent is adding to the pressure on the system.
There is no doubt that theoretical learning is foundational for analysts and data scientists, but the work entails individuals to critically understand business problems and create innovative solutions. This demands them to be continuous prolific learners, creative thinkers, and quick problem solvers. The way to achieve these desired qualities is through learning by experience.
The learning-by-doing method allows learners to be engaged and actively participate in the learning process by working and reflecting on the projects done. This form of learning is proving to be the most effective in becoming successful in the analytics and data science landscape. We will discuss how one can and should upskill oneself through experiential learning in analytics and data science.
Before delving into the essence of experiential learning, there are two fundamental concepts that every aspiring analyst and data scientist must ingrain themselves with to become successful in the field.
1. Do not believe data without reasoning
Data is the basis for your trendsetting, analysis, prediction, and business solutions. If the data is faulty, the entire project will fail. One must question the existence of the data and reason with the data to ensure its validity and quality before moving on to any other step. For instance, last year, Italy had the highest number of COVID-19 deaths at one point. But a part of this situation owed itself to every death in an Italian COVID-19 hospital being counted as a COVID-19 death, regardless of the real reason. If one were to base ones predictions and trends on just the former statement, the results would be faulty.
2. Do not arrive at conclusions without critically examining the data
Complementing data reasoning this step entails examining the data and its correlation to causation. Go a step further into ensuring that the claims made by the data are backed by facts and information. For instance, citizens in the UK shop more during winter than summer. At face value, this proves seasonal consumer preferences, but in reality, winter coincides with Christmas and New Year sales, pushing customers to go on shopping sprees. Basing your analysis on the first statement would lead to an incorrect business solution.
The most fundamental aspect at which all three streams of analytics, descriptive, predictive, or prescriptive are built on, is the clarity around correlation v/s causation. Several of the analytics and data science applications fail to address business problems due to a lack of critical examination leading to the faulty judgment of interchanging correlation with causation and vice versa.
The methods of teaching and learning are undergoing a significant change in the modern era. The traditional classroom approach, based on the foundations of listening to lectures and reading out of textbooks, is not proving to be successful in readying professionals for todays workplaces. An increasing number of researchers with empirical pieces of evidence is proving the advantage of experiential learning on learners over conventional methods.
Setting the foundation for todays classrooms, Edgar Dales Cone of Experience, or his Learning Pyramid (1940), illustrates how the depth of a persons understanding depends on the medium leveraged and the senses involved in the learning process. Dales research identifies that direct, purposeful, or on-field experiences are the most effective method, resulting in 90 per cent retention of the information. In contrast, it revealed the least effective learning method through presented information like verbal and visual symbols.
As Dale explains, people learn best when they are present in action and learn from their experience. In the world of data science, opening up the learners sensory channels to interact with the information at hand is bound to produce better results. Moreover, analytics and data science are practical fields, entailing practitioners to work on models, deal with data, and make engineering decisions. For instance, a data scientist cannot learn a hackathon solution without brainstorming the possibilities or building an intelligent model right from the textbook.
Experiential learning methodologies and their effectiveness can be illustrated through the essential skills under the hard-skill and soft-skill umbrella in the analytics and data science space. While hard skills provide a foundation for all solutions, soft skills help in creating innovative ideas and communicating them. A nurtured combination of the two is what sets apart a data scientist from their peers.
The need for practitioners to be skilled in the textbook technical concepts to ensure that the best possible analytical approach and models are built, while is necessary, is not sufficient. They need to be seasoned in applying the concepts in real-life problem situations.
The way to develop application-oriented hard skills is to focus on three essential components.
1. Applied knowledge of algorithms
While one may have mastered algorithms, it is essential to know how and when to apply them. There may be instances when one comes across a problem where conventional algorithms dont work. One will need to be fluent in writing a new/heuristic algorithm or creative in tweaking the old ones. Applied knowledge is learned from experience, so one must practice applying oneself in the right way.
2. Translation for business context
Data scientists often work with non-tech-based business professionals to find solutions to business problems or to create incremental business impact. It is paramount for them to understand the business context and translate those to data analytics problems, followed by building the right solution to map the context for timely implementation. This process also requires translating back the solution to business stakeholders in a language that they can comprehend. This is critical not only for a successful implementation of analytical solutions but to also set the stage for continuous improvement for incremental impact. Contextualisation leads to the adoption and growth of data-driven culture within organisations. The skills acquired by one through the experiential learning approach can help with the above endeavour.
3. Programming skills in Python or R
Python or R can handle applications from data mining and ML algorithms to running embedded applications under one unified language. Data scientists need to be skilled in one or both programming languages to be successful in the field. The application-oriented case study-based approaches enabled through experiential learning methodologies enable one towards industry readiness with this skill.
LinkedIns Future of Skills report from 2019 that studied behavioural insights based on millions of data points from member engagement identified soft skills to have increased value in enterprises. This, they reported, is given the expanding application of new technology that is broadening the job expectations for data scientists. The data science industry focuses majorly on hard skills, but it is time we lay enough importance on developing soft skills as well. There are three soft skills that are most important for a data scientist to nurture.
1. Critical thinking & problem-solving
Critical thinking and problem-solving skills assist data scientists in clarifying vague and broad problems. If the dataset has errors or is not understood correctly, the solution will be unsuccessful. Under the experiential learning framework, one can build these skills by participating in hackathons, building models for experimentation, or engaging with data.
2. Effective communication
Once one has solved the problem, it is important to communicate it to the stakeholders effectively. Data scientists inability to communicate with stakeholders is a pressing concern within the industry. If the receiver does not understand the solution, it will not be implemented. Individuals can hone this skill by putting themselves out there, explaining solutions to non-technical people, receiving feedback on it, and working on enhancing the skill with more practice.
3. Agility & flexibility
Agility and flexibility are two skills that are increasingly becoming more important. The agile approach to working empowers data scientists to prioritise and create roadmaps based on business needs and adapt to different goals. Agile individuals are always learning and growing from new practical experiences.
In summary, experiential learning is learning by doing with application orientation and contextualisation. The framework is poised to get wide adoption in the field of analytics and data science globally across enterprises, functions, and academia. The aspirants and practitioners in the field should benefit from the framework to be continuous and prolific learners to upskill themselves in the most effective way and be future-ready.
This article is written by a member of the AIM Leaders Council. AIM Leaders Council is an invitation-only forum of senior executives in the Data Science and Analytics industry. To check if you are eligible for a membership, please fill the formhere.
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Regents approve plan for computer science and information building | The University Record – The University Record
The new 163,000-square-foot Leinweber Computer Science and Information Building on North Campus will, for the first time, bring together under one roof the School of Information and the College of Engineerings Computer Science and Engineering Division.
With the schematic drawing approved by the Board of Regents on Dec. 9, the state-of-the-art facility is coming into focus.
In addition to being an innovative learning environment for students, the facility represents a convergence of disciplines that will strengthen collaboration, foster innovative research partnerships and lead to the development of breakthrough technologies.
When we combine our computing and information expertise, we can drive innovation and help solve some of humanitys greatest challenges in modern medicine, transportation, and smart infrastructure, said Alec Gallimore, the Robert J. Vlasic Dean of Engineering, Richard F. and Eleanor A. Towner Professor, Arthur F. Thurnau Professor, and professor of aerospace engineering.
In October, the Board of Regents voted to name the facility the Leinweber Computer Science and Information Building in recognition of a $25 million gift from the Leinweber Foundation. The $145 million Leinweber Computer Science and Information Building is scheduled to be completed in the summer of 2025.
Currently, CSE and UMSI are located on different campuses a few miles apart. Once completed, the new facility will eliminate the need for top talent to choose between working in a CSE or UMSI environment, removing barriers between like-minded colleagues.
This convergence of disciplines also will strengthen the academic culture, promoting the fusion of human-centered and technical perspectives in critical areas such as artificial intelligence, human-computer interaction and information privacy and security.
The School of Information is broadly interdisciplinary, and co-location with one of our core disciplines computer science unlocks fresh opportunities for instruction and collaboration, said Thomas A. Finholt, dean of UMSI. Working together, we can more effectively create and share information, with technology, to build a better world.
In the last 10 years, the number of students enrolled in undergraduate and graduate programs in both CSE and UMSI has quadrupled. The new building will provide much-needed space to meet the increasing demand for computer science and information graduates for research, industry and education.
CSEs academic programs in computer science, computer engineering and data science are some of the fastest growing at the university, said Michael Wellman, the Richard H. Orenstein Division Chair of Computer Science and Engineering and the Lynn A. Conway Collegiate Professor of Computer Science and Engineering.
This facility will enable us to amplify our research collaborations with UMSI, and grow to meet the societal imperative to provide the best education for more future computer scientists.
Beyond enhancing the research and academic missions of UMSI and CoE, the Leinweber Computer Science and Information Building represents a crucial step in the universitys carbon neutrality mission. The facility is planned to include a geothermal heating and cooling system as a demonstration project.
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