Latest Trends in Data Science

Data Science is the field which is rapidly growing with new capabilities and to reach out into every industry. With digital transformations taking place in the organizations across the globe, this blog included trends of more companies leveraging more data to understand and make better decisions. Most of the organizations adopt traditional business processes which include marketing, hiring, marketing, strategy, pricing, and using digital technologies to make the process work better and in an efficient manner. Data Science is a significant part of the transformations. Organizations no longer have to make their significant decisions based on best-guesses, hunches, small surveys. As a substitute, they’re analyzing large amounts of real data to base their decisions on real, data-driven facts. Data science covers a wide network of subjects which includes IoT, Deep learning, AI and others. It is a complete amalgamation of data analysis, inference, algorithm computation and technology to resolve multifaceted business problems. The following trends in this field are expected to continue in the coming year as well.

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The latest trends that have gathered growing interest this year and will continue to grow in 2020 are as follows:

  • Automated Data Science:

Till today, data science requires a lot of manual work such as cleaning data, storing data, visualizing and exploring data, and modeling data to get actual results. The manual work is pleading for automation and thus automated Data Science and Machine Learning is been rise. Auto-Data cleaning is researched over the past years. Cleaning big data takes up most of a data scientist’s time. Including both startups and MNC companies such as IBM offer automation and tooling for data cleaning.

  • Data Privacy and Security:

Privacy and security are sensitive topics in the technology. Major companies are in need to move fast and innovate, but lose the trust of customers over privacy or security issues which be further can be fatal. Thus, mandatory to make it a priority, at least to a minimum of not seeping private data. Data Science has become advance, in terms of the transformation of the privacy and security protocols. That includes laws, processes, and different methods of starting and maintaining the security, safety, and integrity of data.

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  • Super-sized Data Science in the Cloud:

Data Science has evolved from a niche to its own full-on field, the data available for analysis has also shattered in size. Most of the companies are storing and collecting more data than before. Cloud computing provides the ability to access practically limitless processing power from anywhere. Cloud vendors such as Amazon Web Services (AWS) provides servers with up 96 virtual CPU cores and to 768 GB of RAM. These servers set up in an auto scaling group where most of them can be launched or stopped without delay — computing power on demand. Data Science is being done purely on the cloud owing to the sheer volume of the data

  • Natural Language Processing:

Natural Language Processing (NLP) is a technique used in data science after huge breakthroughs in deep learning research. Advancements in NLP through deep learning are driving the full-on integration of NLP into regular data analysis. Neural Networks (NN) can now eliminate information from large bodies of text incredibly rapidly. They’re able to classify text into various categories, regulate sentiment about a text, and complete analysis on the similarity of text data. In the end, all of that info can be deposited in a single feature vector of numbers.