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Data Science is everywhere and everyday in our lives. You are one great data generator.

By:

Maria Berns

Data Science
March 1, 2022

Advances in technology are constantly surprising us. Sometimes, it feels like we are living in a science fiction movie. We have futuristic gadgets to make our lives easier and more convenient. 

And this is specially true when we talk about Data Science. 

Today, data science is a buzzword that has become common in day-to-day conversations as data science tools are increasingly becoming part of people's daily lives without them realizing it. 

In fact, Data science has transformed from being something that curious scientists performed in their labs to a necessity that is ever present in daily life. It's an essential part of our lives, whether we are using social media, online shopping or simply scrolling through our news feed. 

Why? Because we’re constantly generating data that has become an invaluable asset in everyday life and , of course, companies. 

Did you know that you´re generating data just by liking a post on Facebook?

Data is with us in most of the things that we do. From the moment we wake up to the moment we go to sleep, our gadgets and devices generate data about us. It's embedded in our smartphones, TVs, and cars. It's also found in our homes and places of work to provide convenience and efficiency. Data is collected, aggregated and processed to extract meaningful insights that help us to make smarter decisions. This data is collected from different sources like websites such as Amazon, Google, Wikipedia etc., social media, search engines and even our own email inboxes.

The amount of data that we generate every day is staggering. Every day we create 2.5 quintillion bytes of data, or equal to 2.5 billion gigabytes of information

So, what do we do with this information? 

Data is being used in diverse ways to make everyday life easier. For instance, tracking people’s locations can help emergency services and prevent crimes. 

Data scientists handle data analytics using statistics and math to find meaningful insights from the data that has been collected from different sources. They are able to predict how people will react to certain social media posts or how many people will buy a certain product based on its price tag.

What does that mean for companies? 

Data science has been around for a while but it is still relatively new in the business world. It allows companies to customize products more effectively by giving businesses insights on how those products are being purchased by their customers based on demographics and past purchases. Imagine if you could offer your customers something they don't even realize they need yet, but they will appreciate when you show them what it can do for them. Data science is an excellent way of doing this because it helps businesses create customized solutions each time their customer interacts with them. Because Data science involves the use of statistical analysis, programming and other mathematics as well as data visualization with a goal of generating insights, it can provide predictive models that help companies make decisions on their business strategy or even make correct predictions about future events such as inventory management.

We can use data science to predict how many people might want to watch an upcoming movie or find out who are the most popular suppliers for your company's products. Data science also makes it possible to know how much money you should spend on advertising your products. 

Data makes your business more productive. It lets you make informed decisions, analyze the competition, gain insights and reach out to the right customers.  According to recent studies, data-driven decision-making will enable firms to lower costs and improve their chances for growth.

These days, organizations are facing an increasing number of choices when it comes to how to handle this data. In order to handle this influx of data and make sure that organizations are able to make use of it, they need to develop a strategy for managing and analyzing it efficiently. Organizations need to manage their data in a way that it is easily accessible and allows for rigorous analysis.  

In order to make sense of all the data and find the right information, companies need to turn towards Data Science for a solution.

Data is never sleeping. And it is the new king and it can make or break your business. 

The future is not just a concept, but it is also happening right now.


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