Retail data is increasing exponentially in volume, variety, velocity and value with every year. Smart retailers are aware that each one of these interactions holds the potential for profit. The retailers using Data Sciences could potentially raise their operating margins by as much as 60 percent.
In the healthcare industry, what could be more important than having better healthcare outcomes? Each and every day healthcare workers around the globe are striving hard to find more ways of improving our lives. However, the world is changing, and frankly, at a faster rate than most of us can keep up. Intuition alone will no longer be enough for quality patient outcomes. The amount of healthcare data continues to mound every second, making it harder and harder to find any form of helpful information. Big Data is not to be romanticized; it can be a blessing and a curse. It can contribute to both the insight and the fog of visibility.
As a relatively new – but already highly sought after – position, it can be hard to know where Data Analytics ends and Data Science begins. Is it science? Statistics? Programming? Analytics? Or some strange and wonderful combination?