Technology is constantly changing and so are we. The field of AI and Machine Learning will see massive growth in the coming years. There is already a huge amount of data to be handled, and we can exploit big data in many ways with new technological advances. To that end, we need to keep up to date with the latest data science developments.
Presently, data science is a common term. That was not the case at that time five years ago, because only a few people knew about it. Do you need to know what it is before moving on further? It is nothing else but a multidisciplinary combination of data inference, development of algorithms, and technology.
Data Science is not a single term; it covers a wide range of subjects and networks, such as the Internet of Things, Deep Learning, AI, etc. Simply put, we can count data science as a total blend of data inference, computational algorithms, analysis, and technology that helps to solve multifaceted business problems. It also provides companies with advanced tools and technology that enable them to automate complicated business processes linked to the extraction, analysis, and presentation of raw data. With so much happening in the technical field and the data being produced at a rapid pace, it is crucial to know the latest trends in data science as well as the upcoming ones.
Kaggle's CEO Anthony Goldbloom predicts that departmental or business-specific teams will be seen instead of data centers, while Babson College professor Thomas H. Davenport claims that artificial intelligence (AI) will see improvement in 2020. When people were asked about data trends in 2020, AI remained on top position. We have created a list of data science trends to keep you up-to-date with the developments in data science that are going to drive your business towards great success.
Artificial intelligence and smart appsAI has become the mainstream technology for both small and large businesses and will blossom in the coming years. We are currently at the initial stage of using artificial intelligence but we will see more sophisticated AI implementations in all fields in 2020. The reason AI is growing rapidly is that it allows companies to enhance their overall business processes, and provides a better way to handle data from both clients and consumers. Although using AI will remain a challenge for many, as it is not that easy to explore the development of this technology. We should see more innovative Apps built with AI, Machine Learning, and other innovations in 2020 that can improve the way we operate. Another phenomenon that will take over the industry is automated machine learning, which with better data management will help transform data science. So, to conduct deep learning you might need specialized training.
Growth in the IoTThe investment in IoT technology is expected to reach $1 trillion by the end of 2020, which will clearly explain the development of smart and connected devices. We used apps and devices even in 2019 which allow us to control our home appliances such as AC, TV, etc. Some of you may not be able to do this now, only via IoT. If you've ever come across smart devices such as Google Assistant or Microsoft Cortana that allow us to automate the regular things, then you'll get an idea that the Internet of Things is constantly attracting users' attention. It will thus enable businesses to invest in this technology, especially in the production of smartphones that use IoT the most.
They simply can not ignore the Big Data research when it comes to data science, which helps businesses gain a competitive edge over data and achieve their goals. Companies today use various tools and technologies to analyze big data, especially python. Organizations are also focused on determining the causes behind certain incidents currently taking place. And that is where predictive & business analytics are used; it helps businesses foresee what can happen in the future. For example, predictive analysis helps you recognize your customers ' preferences from their history of buying or browsing. Based on that, you can build cleverer approaches for attracting new customers and retain the current one.
Edge computing is expected to increaseNow sensors drive edge computing. But Edge computing will take over conventional cloud systems with IoT rising. Edge computing helps companies to store streaming data close to the data sources for real-time analysis. It also offers a great alternative to Big Data analytics, requiring high-end storage devices and a higher capacity of the network. As the number of data collection devices and sensors is increasing rapidly, businesses are adopting edge computing, as it can tackle bandwidth, latency and security issues. The integration of edge computing and cloud technology can provide a structured system helping to minimize the risks involved in data analysis and management.
Demand for Data science Security ProfessionalsThe implementation of artificial intelligence and machine learning will lead to many new industrial positions. One position that will be highly demanding is that of professionals in data science security. Data scientists must have experience in data science as well as command over computer science, as both Artificial Intelligence and ML depend entirely on data, and to process this information efficiently. Although the business market already has access to many specialists in data management and computer science, there is still a need for more skilled data security practitioners who can safely process data to clients. For that, scientists in data security need to be well versed with the latest data science or big data analysis techniques. Of starters, python is among the most commonly used languages in data science and data analysis, so having a clear understanding of python concepts will help you tackle data science security issues.
Last wordsData Science has become one of the rising sectors of all industries, especially the IT industry. Therefore, businesses that implement data science methods and innovations need to keep up to date with the latest trends.
