Organizations realize to adopt Data Science for informed decision-making

Organizations realize to adopt Data Science for informed decision-making Keywords- Data Science certifications, data science skills, data science jobs

The decision-making process is crude and time-consuming. Every company has a panel of trusted individuals who decide on the most important decisions influencing the company's reputation and prestige in the global market.

But that's not an actual scenario. According to an article published by Harvard Business School, the decision-making in most of the eminent companies is done on a hunch. They could be wrong or right. But the real question is should we rely on our guts to make any decision?

Organizations these days are realizing the worth of informed decision making.

Informed decision making is a stepwise process of making a decision after having a deep analysis with a knowledgeable and experienced team backed up by data, facts, figures, and machine learning. This is an obvious fact that every company needs at least one data scientist, irrespective of the domain. This has led to improvised decisions and reduction in spontaneous decisions. More and more companies are getting benefited by the informed decision making backed up by Data Science.

Now, you might wonder, why do organizations need a data scientist. Let’s quickly look at the role of a data scientist - she is a person who personifies the best Data Science skills and efficiently pulls out the best in her to make the most favorable decision for the welfare of the company.

Data science can certainly prove to be the best tool for decision-making rather than a hunch or gut feeling. To make this more impactful, in a survey conducted

by PwC of roughly 1000 senior executives, it was evident that the companies who relied upon Data for decision-making made three times more decent than the companies who relied upon their gut-feeling or hunch.

What is Data Science?

Data Science is a multidisciplinary field that accumulates wide and deep knowledge of various scientific methods, algorithms, machine learning processes, handling unstructured and structured data to extract out the hidden meaning, and apply knowledge to provide crucial information in decision-making.

The major job roles in the data science domain includes Data Analyst, Data

Engineers, Database Administrator, Machine learning Engineer, Data Scientist, Data Architect, Statistician, Business Analyst, and many more. According to an article in IBM, the average salary for these jobs in 2016-2017 was above $105K.

Data Science and informed decision making Data Science has a great impact on the working of any company and making crucial decisions. With Data Science, companies have become more efficient and smooth in their working. With careful analysis and research, the Data Scientistsformulate the best future predictions about making the most crucial decision about the company, be it any sector, financial or management.

Decisions formulated keenly by the interpretation of facts, Data, and applied knowledge have reformed a company's profile and credibility a lot.

How does Data Science help in the decision-making of organizations?

Below are some points that we have enlisted to make you aware of Data Science helping organizations in decision-making:  Data-based evidence- an organization can only make the right decisions if it has the data on the finger-tips of the decision-maker. This can be difficult at times, but due to availability of tools and talent, this is possible.

Having data on finger-tips alone will not suffice - a perfect predictive analysis method or tool must be used to analyse data and forecast the issues or growth of the organization.  Develop relevancy: Organizations must depend on the historic data of their product or services and must act according to the relevant feedback from the customers, relevant acceptability, and relevant competition analysis. Organizations can make improvements in their products and services largely based on these relevant data.  Recruitment and Training: Organizations must recruit newer talent in data science that can help bring in new technologies and models that can be worked upon and develop new insights for the proper functioning and creating the right operational models. The current staff or the workforce must also get additional training that is relevant to the current industry standards.

How can one acquire Data Science skills?

The best answer is by enrolling yourself in a Data Science course. The course will gather all the major requirements of a Data Scientist job. However, doing masters in Data Science can cost you a lot more and also will consume your time. However, a Data Science Certification course could be your best bet for learning the Data Science skills and landing yourself in a lucrative job opportunity.

Below are some renowned institutes offering the best Data Certification Courses:  United States Data Science Institute- The United States Data Science Institute (USDSI™) provides technical certifications for aspiring Data Science professionals. There are various certification courses available, both for newbies and senior Data Scientists.  Google Data Analytics Professional Certificate  Microsoft Certified Azure Data Scientist Certificate course  Cloudera Certified Professional Data Scientist Certificate course  SAS Data Science Certification So these were some amazing Data Science Certification Courses that you can look up to for making a great career in the Data Science field. You just have to enroll yourself in this and you are all set to get one of the most lucrative job opportunities in the US and also the rest of the world.