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90 percent of the world’s data has been created in the last two years alone.
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The volume of data created by US companies alone each year is enough to fill ten thousand libraries of Congress.
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Most companies only analyze 12 percent of the data they have.
The connection of the world thanks to the internet has developed a large number of professions that are becoming the most sought after vacancies in companies. A profession is data scientistwho are among the most sought after professionals in the industrial market.
All this arises from the time and information that people in the world spend on social networks or applications, and that daily generates information just by entering the internet. Therefore, the Latin American Analytical Center (CALA) defines them as a gold mine for businessmen and strategists.
There are innumerable sources of data, for example, a working machine generates data, or also the information that accumulates with administrative processes, transaction history, external data such as behavior patterns of a sector or the economy, among other digital forms. .
Given this, the position of data scientist arises, which according to an IBM report, the estimated number of jobs globally is 2 million 720 thousand in 2023.
What is a data scientist?
Data experts are known as data scientists, and their job is to extract knowledge from data in order to answer the questions that are asked.
According to data from Inlab.fibthe profile of the data scientist, is like a magic potion, which requires advanced skills in computer science, mathematics/statistics, machine learning, passion for data, knowing how to handle large volumes of data, curiosity, the ability to communicate the knowledge we have extracted data, business vision, etc.
Also, according to Practicum, data science, in essence, tries to help companies better understand the market and adapt to future trends.
This profile has become a highly demanded vacancy, since according to the report “Data Never Sleeps 7.0”, from the software firm DOMO, on average, each person creates 1.7 MB of data every second. The amount of data up to 2020 was approximately 44 Zettabytes, hence the importance of its processing and the need for who does it.
It also highlights that with data from the World Economic Forum, the data science industry has grown 650 percent since 2012, and the global demand for professionals in this field is expected to increase by 11.5 million by 2026, which implies a growth rate 25 percent per year from 2021 to 2030.
Pablo Aguirregomezcorta, general director of Practicum in Latin America, assured that “today firms from all industries capitalize on the power of data intelligence, from health care to commerce. Organizations employ analytical tools and techniques to discover new patterns and relationships within their vast volumes of information.
This is how the role of the Data Scientist in companies, since they need to take advantage of all the market insights that can be extracted from consumer activity on online platforms, such as social networks, web pages and applications, as well as in the physical space.
Finally, they believe that obtaining knowledge in this area is a way, now easier and faster, to continue adding value to businesses that are increasingly digital.
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