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Data-Driven Decisions To Transform The Way Businesses Operate

 April 13, 2017  /  Comments Off on Data-Driven Decisions To Transform The Way Businesses Operate

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Verifiable data has become the primary component of smart business supported by big data-driven decisions. Data science industry is on the lookout for data scientists with data science certifications to unlock the maximum potential of big data analytics. Gone are the days when data analysts and data engineers in the data science industry had to make reports from IT departments derive actionable insights. Data science certifications have become equally important for the aspiring data scientists in the big data-driven scenario. There’s no denying that with myriad business tools in the market today, it has become easier for the managers to maintain their dashboards and keep themselves updated.

With the rise of evolving big data analytics tools and techniques in the market, the data scientist jobs have also increased rapidly. While some candidates acquire big data analytics or data science certifications in their portfolio adding a surefire advantage in their resume, some try to gain experience from data science industry.

Data-Driven Decisions To Transform The Way Businesses Operate

There are many reasons due to which data scientist jobs are increasing. Here are some big data advantages that professionals in data science industry and other organizations can leverage-

Bottom line figures and high productivity rate-

According to a recent study by the Digital Business Center of MIT, companies that leverage data to take decisions get a chance to attain over 5% profits and 6% productivity rates. But integration of gathered data is not as simple as It seems- and this is exactly why organizations are on the lookout of candidates with data science certifications to reap benefits from data deluge.

‘Smart Decisions’-

In the hypercompetitive marketplace, it has become imperative for every firm to take smart, factual and real-time decisions. For every budding, big data professional to land on the dream data scientist job, it is essential to work in tandem with the constantly emerging advanced analytics tools and techniques. This is turn has led to the increased growth of analytics and relevant tools and platforms. Companies that are reaping benefits from advanced tools are using online and machine data, structured and unstructured datasets, to supplement organizational data.

Better understanding of complex business patterns-

Like hard assets, human capital and numerous factors relevant to production, data has become an essential part of all industry verticals and business operations. Data deluge is being analyzed and accessed to derive meaningful and actionable insights to later implement it into business strategies.

Relevant to all

Per McKinsey’s Global Institute report, the voluminous datasets are being gathered, stored and mined on regular basis not just for the organizations but government related operations and consumer behavior (behavioral analytics) as well.

Data analytics and ‘digital oil of the 21st century’ has made its entry and every possible industry will start leveraging it in the coming years. Fir every candidate seeking a data scientist jobs, it has become a necessary part to stay in touch with the changing needs of the field as it is growing constantly and to reap benefits from it, one must be aware of the technological changes happening in and around them.

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