A core principle can be found at the heart of many successful organizations: Data is the present and the future. Technologies have emerged from the fourth industrial revolution, also known as Industry 4.0, that enable organizations to leverage data in new ways that bring benefit to not just companies, but also society in general. Innovations such as the Internet of Things (IoT), robotics, blockchain, and the hybrid cloud are changing the ways we do business, gather information, and make decisions.
Data science, an interdisciplinary field focused on extracting meaningful insights from data, plays an important role in helping business and society manage and make sense of that data. As a result, the marketplace has a high demand for individuals with data science skills.
Data science is a discipline that discovers valuable information, such as patterns and trends, in data. It plays a key role in Industry 4.0 technologies, such as machine learning, IoT, robotics, and blockchain. For example, through the use of advanced computing technologies, data scientists enable organizations to make better decisions that can lead to business improvements.
Various industries use data science to extract value from different types of data. The data can exist in a company’s database or be from other industry and customer sources. Through data science methods, organizations can analyze the data and find value in it; for example, they may discover new business insights, identify opportunities for improvement, or learn about customer behaviors.
Whatever the goal, data scientists are experts in manipulating the data to find information that may benefit the business. For example, a manufacturer can leverage data to determine the efficiency of its production operations and predict optimal times to perform maintenance on equipment. This type of information can result in cost savings and improved performance and even help transform traditional factories into smart factories.
Despite the value data science brings, “only a fifth of executives completely agree” that their workforces are ready with the “skills needed to succeed in an Industry 4.0 environment,” according to Deloitte. This is why it’s more important than ever for organizations to find talent with data science skills to remain competitive in the current fourth industrial revolution.
Resources: Data science
Further information about what data science is and what data scientists do can be found in the following resources:
● CIO, “What Is Data Science? Transforming Data Into Value”: This resource, in addition to defining data science, compares the difference between data science and other roles and explains the business value of data science.
● DataJobs.com, “What Is Data Science?”: This in-depth resource explains the role of data scientists and how it relates to big data, analytics, machine learning, and more.
● IBM, Data Science: This resource discusses the data science lifecycle, data science tools, and the relationship between data science and cloud technologies.
● Oracle, Data Science Defined: This resource compares data science, artificial intelligence (AI), and machine learning, and covers data science challenges and tools necessary to deliver business value.
● SAS, What Is a Data Scientist?: This resource describes data science origins and includes a video about data science misconceptions.
The data science discipline requires a mix of data science skills — mathematics, programming knowledge, data/technical skills — and soft skills. Additionally, data scientists should be familiar with their organization’s business and domain.
Mathematics
Mathematics — statistics, probability, and linear algebra — enable data scientists to identify patterns in data. For example, the engine of a machine learning application is mathematics. Specifically, data scientists use their mathematics skills to create algorithms that can extract value from large data sets and enable machine learning applications to learn from the data and make predictions.
Programming/coding knowledge
Programming languages and coding can help data scientists carry out operations in databases and perform analytical functions. Python, Java, Perl, and C/C++ are common languages used in data science because they can be used to work with various formats of data, including both structured data, which is typically stored in databases, and unstructured data, which is not predefined through data models or structures but may contain valuable information, such as numbers and facts.
Data/technical skills
The following are the most commonly sought-after data and technical skills in data science candidates:
● Data wrangling: Data wrangling describes the multistep process of transforming raw data into a format that is usable for analytics.
● Data manipulation/analysis: In the data manipulation/analysis process, data is modified and structured to make it easier for humans to understand, read, and sort through, for example, data listed in alphabetical order.
● Data visualization: Visual formats such as charts, graphs, and maps can make it easier to find trends and patterns in data that may reveal valuable information.
● Model building: A data model is a collection of data sets used for testing, training, and production. A data scientist can use a model to find an answer in the data to a business question or achieve an objective. Model types include statistical, mathematical, and simulation.
● SQL: SQL stands for Structured Query Language. It allows data scientists to access and manipulate databases such as relational databases. SQL offers data scientists the ability to query large sets of structured data.
● Machine learning: Machine learning is a subset of data science. It does not require programming to run a machine learning application. Instead, algorithms that data scientists have created power machine learning applications. The algorithms enable the machine learning application to learn from the data to make predictions and identify trends.
Nontechnical/soft skills
Data science has a heavy technical component. However, soft skills are foundational competencies for individuals to succeed in the role.
● Problem-solving: Data scientists benefit from their ability to solve problems to overcome barriers in working with various types of data and analytics tools.
● Communication: After using scientific, mathematical, and technical methods to find value in data, data scientists use their communication skills to present their findings to business decision-makers.
● Curiosity: Data scientists have an innate intellectual curiosity to search deeply for answers to challenging questions.
● Storytelling: Data scientists have the know-how to translate the data into stories to allow nontechnical individuals to understand its value.
● Structured thinking: Data scientists must be able to frame questions, see all angles of a problem, and understand results.
Business/domain knowledge
Data scientists apply their skills in working with data and numbers to solve problems unique to their industries. Therefore, it is important that in navigating through the data science and analysis process, they understand how the data applies to their businesses and domain areas. With this knowledge, data scientists arm themselves with a holistic view of the business problem they’re trying to solve and how data can support business growth.
Resources: Essential data science skills
The following resources offer additional insights into the many data science skills individuals interested in data science careers should pursue:
● KDnuggets, “Top 5 Must-Have Data Science Skills for 2020”: This resource discusses skills such as Python, SQL, and machine learning that are typically associated with data science roles, as well as competencies vital for individuals to remain competitive in the job market.
● QuantHub, “Data Science Skills — A Brief Guide”: This resource highlights core data science competencies individuals should look to acquire to enter the data science field, build data science teams, or enhance their data science skill sets.
● Tableau, 10 Skill Sets Every Data Scientist Should Have: This resource discusses the nontechnical skills that are as important as the technical skills needed in data science careers.
● TechTarget, “14 Most In-Demand Data Science Skills You Need to Succeed”: This resource discusses how technical and soft skills, such as critical thinking, communication, and business knowledge, can prepare individuals for success in data science careers.
● The Balance Careers, “Important Job Skills for Data Scientists”: This career resource discusses the data science skills that employers are seeking and how to make these skills stand out in resumes and cover letters.
In the data science field, various data roles are often mentioned together. Three of the most commonly referenced job titles are data scientist, data analyst, and data engineer. However, data science skills are important in other careers as well. Some of the activities of these roles overlap; for example, statistics and data science share similar responsibilities, such as transforming quantitative data into qualitative data.
Consider various examples of data roles that use data science skills.
Data scientist
Data scientists work toward finding answers to questions using their advanced knowledge of mathematical concepts, such as statistics. Their responsibilities include designing data models, including predictive models, and creating algorithms for machine learning applications. A data scientist’s primary aim is to leverage data to produce reliable predictions for a business or industry.
Data analyst
Data analysts get a big-picture view of data and use their findings as an engine for decision-making. Typical data analyst responsibilities include mining data from various sources, spotting trends and patterns, and developing reports and stories that communicate the value of data and enable business leaders to make data-driven business decisions.
Data architect
Data comes in various formats — unstructured and structured — and from different sources. It is the data architect's job to identify potential data sources that will add value to the business. The data architect then builds the framework for a secure data management system that integrates, centralizes, and maintains the data, and enables business stakeholders to access data when they need to.
Data engineer
Data engineers are responsible for developing and maintaining the analytics infrastructure for data processing, analysis, modeling, and calculations. They make raw data usable for their businesses and ensure that individuals who work with data, including data scientists and data analysts, can reliably access the data to find insights.
Statistician
Statistics, a traditional method of getting information from numerical or quantitative data, falls in the data science field. Statisticians use logic to harvest data and turn it into knowledge. A statistician’s responsibilities can range from designing surveys to collect market study research to creating statistical theories and methodologies.
Database administrator
Database administrators are IT professionals with the primary responsibility of maintaining, protecting, and troubleshooting issues with systems that store and provide access to data. A database administrator’s responsibilities include installing network servers, upgrading database software, determining hardware requirements, configuring databases, and migrating data between databases.
Business analyst
A business analyst’s role is a mix of business, data analytics, and IT. Business analysts use data analytics to deliver data-driven recommendations to business stakeholders. The data insights revealed in business analysis can help organizations identify areas for improvement and improve operational processes.
Data analytics manager
Data analytics managers possess various data science skills. However, their primary role is to develop data analytics strategies to support business goals, drive data analysis projects throughout their lifecycles, and manage teams of data analysts and other data professionals.
Resources: Data science and data professional careers
Use the following resources to get further insights about data science and data professional careers:
● Chartio, “Distinguishing Data Roles: Engineers, Analysts, and Scientists”: Many roles have “data” in the job title. This resource highlights the responsibilities of some of these roles, including data engineers, analysts, and scientists.
● TechTarget, “Data Scientist”: The skills required for data science professionals vary considerably depending on the role. This resource expands on the core skill sets, essential technical knowledge, and mindset required for data professionals; it also includes a discussion of data scientist vs. data analyst roles.
● Robert Half, Want to Be a Data Scientist? Here’s What You Need to Know: This resource from a leading recruiting organization explores the core skills needed to become a data scientist and discusses the responsibilities and compensation for the role.
In its Global DataSphere forecast, IDC projects that 59 zettabytes of data were created in 2020. A zettabyte is a unit of measure equal to a billion terabytes. An article by Indicative, which defines a zettabyte, puts that amount of data into perspective: Visualize 1 billion hard drives, which together can store a single zettabyte of data. Imagine how many hard drives would be needed in 2025, when the total size of the global datasphere will equal 175 zettabytes of data.
As a result of these trends in big data, organizations seek to hire individuals with data science skills to identify valuable insights that can drive business performance, use data to innovate, and improve their chances for success in an increasingly competitive, global marketplace.
The projected job growth rate for computer and information research scientists, which includes data science roles, is 22% from 2020-2030, according to the U.S. Bureau of Labor Statistics (BLS). The job growth rate in this field far exceeds the projected average for all occupations. Students interested in data professions such as those mentioned in this article should make acquiring data science skills part of their educational journey.