Talking about tech advancements in the past few years, humans are more inclined and interested towards data science and Artificial Intelligence to a huge extent. With the introduction of data science and AI, the manual way of doing things in day-to-day life has subsided. Stepping onto 2024, the increasing demand for skilled professionals is inevitable due to these technological reforms.
Let's dive deep into the data science and AI role to understand its hype.
Defining Data Science and Artificial Intelligence
Data science is a multidisciplinary subject that utilizes other cross-functional fields like statistics, computing science, and algorithms to draw inferences and insights into a particular subject from the jumbled information available. Whereas AI uses information provided by data science to carry out the tasks, it otherwise requires human intelligence. These two genres are directly proportional to each other.
Rationale for the Emerging Trend
Industries in the current scenario rely mostly on data science and AI technologies, be it search engines, chatbots, mobile banking, etc. “Thus, one might argue that it will reduce human jobs shortly”. To counter that, small or large businesses can utilize data-driven business models through data science and AI. This will give businesses and organizations the ability to make decisions based on facts and figures, except for human instincts.
Broad spectrum Applications
Despite sounding very technical, Data science and AI have branches and applications in various fields. This occupies BFSI, Healthcare, HR, Marketing, etc. The most commonly known use of data science and AI in these fields are:
1. Healthcare industry diagnostic and medical imaging of diseases
2. Banking industry-Personalized monetary suggestion as per customer desire.
3. Marketing industry: Through digital marketing via in-depth analysis of gains followed by lead generation.
4. HR Department recruitment and other HR-related tasks are smoother.
It works as follows:
● Data mining
● Data visualization
● Business intelligence
● Predictive analysis, etc.
Considering Pros of Using AI and Data Science
1. Time-saving- These technologies work on pre-feed algorithms and thus require much less time than humans to complete the job.
2. Detailing- We as individuals might miss out on some data while researching at our own pace, but that's not the case with data science and AI digital reforms. It is designed to gather various scattered data to give the anticipated outputs.
3. 24/7 accessibility- With AI, one can get the surety of uninterrupted service all day long.
4. Reliability- The information AI provides is reliable as it uses only facts and figures to give insights.
5. Global-conduct- AI and data science technology do not change with geographical location compared to manual processes.
6. User-friendly- As these technologies have made their way through various industrial areas, they are designed in such a manner that anyone can use them, irrespective of whether they are in the technical sector or not.
People use AI technologies in their day-to-day activities, from generative AI like ChatGPT to mobile banking. And so, the demand for a skilled workforce has increased gradually for its betterment. It will also help you advance your profession by keeping up with current trends in technology. Take advantage of this opportunity by enrolling in a data science course in Dubai to compete for employment around the world.
