From Non-Tech to Data Science: Skills Required for Career Transition

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Is Data Science a viable career path for you?

Over time, especially since the pandemic started, our digital footprint has increased. You might not be aware of the enormous amounts of data that are all around you. The enormous amount of data that is currently available has made data science a very in-demand career. The need for data scientists increased by an average of 50% across industries including healthcare, telecommunications, media, banking, financial services, and insurance (BFSI), according to a 2020 Dice study.  The employment market for data scientists has been strengthened by the pandemic disaster, making it the second-best vocation in America for 2021.

Skills Required for a Successful Data Science Career

Mathematics: 

For data science practitioners to comprehend machine learning and deep learning ideas and to build a strong analytical mentality, basic mathematics, particularly calculus, and linear algebra, are essential.

Statistics: 

The basis of data science is the study of the collection, organisation, analysis, interpretation, and presentation of numerical data.

Probability:

The main objective of probability is the study of random events. Since the probability theorem is the mathematical foundation of statistical inference and will be helpful when you get to more sophisticated areas of machine learning, it is a great place to start your data science journey.

Some key probability concepts to understand include:

  • Events that are independent and dependent
  • Theorem of the Counting
  • Random variables, both discrete and continuous
  • Bayesian calculus
  • Theorems of limits

Calculus:

Calculus is the study of length, area, and volume, as well as how quantities change over time. It is an essential part of machine learning and is frequently applied in model optimization.

Linear Algebra:

Data scientists may manipulate data and comprehend machine learning algorithms with the help of linear algebra, which examines equations and matrices.

Python:

Python, the most popular programming language in data science, is easy to learn, has a big community to whom you may turn for help with queries and problems, and provides an incredible set of data science libraries for the vast majority of the work you’ll be asked to complete on the job.

Some of the abilities you must be qualified for include:

  • Constructing conditional expressions in Python Using Python loops Python functions
  • Structures of data
  • DataFrames
  • Object-oriented design

SQL:

SQL Structure Query Language (SQL) is a declarative language that you will almost certainly use as a data scientist. It’s the language you’ll need to “communicate” with the database that houses your data. In practice, it allows you to get and extract data from one or more database tables.

The following are the fundamental SQL principles that you must understand:

  • For filtering and selection, use the SELECT and WHERE statements.
  • For data aggregation, use COUNT, SUM, GROUPBY, MAX, MIN, and HAVING.
  • For creating useful unique lists and distinct averages, utilize unique and COUNT DISTINCT.
  • LEFT, RIGHT, and INNER JOIN UNION and UNION ALL.
  • Time and string conversions
  • SELF JOINS
  • Sub-queries and their effect on query efficiency

Machine learning:

Machine learning, a branch of mathematics and computer science, use machines to recognize patterns in data, extract insights, and automate real-time decision-making without the involvement of humans. There are two types of machine learning algorithms: supervised and unsupervised.

Model Development and Deployment: 

A machine learning model analyzes a training dataset, allowing the algorithm to create desired outputs via observations, predictions, and continual learning from previous failures.  As a consequence, over time, it reaches a high level of accuracy.

The following are the fundamental supervised algorithms that you should be familiar with:

  • K-Nearest neighbors
  • Regression linear
  • Support Vector Machines (SVMs)
  • Decision Trees
  • Random Forests are all methods for doing logistic regression.

Unsupervised algorithms

Unsupervised algorithms operate on unlabeled or uncategorized data. The machine learning algorithm identifies patterns and seeks to determine the underlying structure of the dataset without any supervision. This includes grouping the data based on similarities or using the association strategy to find correlations between variables in a large dataset.

Unsupervised learning entails mixing comparable data for segmentation and trend analysis, as well as grouping and dimensionality reduction. Clustering organizes data into groups based on features, whereas dimensionality reduction decreases variables while keeping relevant characteristics.

The unsupervised learning fundamentals you should be well-versed in are:

  • K-means clustering
  • Density-based spatial clustering of applications with noise (DBSCAN)
  • PCA (principal component analysis)
  • t-distributed stochastic neighbor embedding (t-SNE)

 

Wrangling Data :

Data wrangling, also known as data preparation or cleaning, is an important stage in data science since it converts raw, unstructured data into organised analytical forms.

 

Visualization of Data :

Tableau is a visual analytics platform that empowers people and organizations to make the most of their data, whereas Power BI is a collection of software services, apps, and connectors that work together to transform disparate data sources into coherent, visually immersive, and interactive insights.

Power BI integrates data sources, visualizes and communicates information, and shares critical data with Tableau, with some commonalities and minor variations.

Understanding of popular deep learning frameworks such as PyTorch, TensorFlow, and others in software development. 

To further immerse yourself in the field of data science and master these skills, consider exploring dedicated courses such as the Scaler’s Data Science program. This course offers a well-organized and thorough curriculum, guiding you through a structured learning path to achieve mastery of the complexities of data science.

Level of Experience Desired for Data Scientists in the US

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Approximately 17% of the demand is for experienced data scientists with 5-10 years of expertise. However, entry-level opportunities are rare, and the job search for newcomers is challenging.

 

The research focuses on the fledgling data science business, emphasizing the difficulty for young scientists to build experience in the absence of fresh talent possibilities. Newcomers must excel and distinguish themselves from the herd.

Data Science jobs in industries include the following

  • BFSI
  • Media and entertainment
  • Healthcare
  • Retail 
  • Telecommunications
  • Automotive
  • Digital Marketing
  • Professional Services
  • Cyber Security
  • Mining

1. BFSI

Increased use cases in the Banking, Financial Services, and Insurance (BFSI) business have resulted in a massive surge of data to be analysed and acted upon. The segment has predominantly incorporated data science into all decision-making processes based on actionable insights from consumer data.

Data science and AI may help financial institutions be more effective in providing services to their clients in a variety of ways, some of which are as follows:

  • Fraud Detection
  • Loan management and loan appraisals
  • Risk estimation
  • Customer data protection and management
  • Estimation of life value
  • Customer segmentation
  • Algorithmic trading
  • Credit evaluation and underwriting

Top Companies:

  • JPMorgan Chase
  • HDFC
  • ICICI Bank
  • HSBC
  • Citi Group
  • BNP Paribas

2. Entertainment and media

Data science is used by major media and entertainment firms such as YouTube, Netflix, and Hotstar to better understand their users and provide personalized recommendations.

The media and entertainment sectors have grown more quickly as a result of data science strategies, particularly those using machine learning and artificial intelligence:

  • Analysis of customer sentiment
  • Smart Recommendations for Hyper-Targeted Advertising and Personalized Content Experiences
  • Analytics in real time
  • Programmatic Ad Buying with Optimized Media Scheduling
  • Targeted Content Generation Using Predictive Modeling
  • Making use of mobile and social media content

3. Healthcare

Healthcare facilities can more easily access and analyze data thanks to the management of unstructured, fragmented data by data scientists.

The development of new drugs, identifying health risks, and providing advice are some areas where data science has a lot of potential.

  • Preventive measures
  • Disease diagnosis
  • Providing more precise prescriptions and personalized care
  • Hospital Operations Post-Care Monitoring

Top Employers 

  • GSK
  • GE Healthcare
  • Sanofi

4. Retail

The global pandemic, store closings, and layoffs were unable to reduce demand for data scientists in the retail industry. With one objective in mind: using data to analyse customer behaviour and trends, the consumer-focused retail industry lives on enhanced personalisation and relevance.

Data science in retail contributes to –

  • Analyze people’s previous searches and purchases and assist them in finding related items.
  • Create a system for recommendations and customization.
  • Examine client behavior and market trends.
  • Enhance the consumer experience using predictive analytics.

Top Recruiters

  • Amazon
  • Flipkart
  • Walmart
  • Aditya Birla Fashion & Retail Ltd.
  • Future Enterprises Ltd.
  • Reliance Retail Ltd.

5. Cybersecurity 

The global pandemic, store closings, and layoffs were unable to reduce the demand for data scientists in the retail industry. With one objective in mind: using data to analyze customer behavior and trends, the consumer-focused retail industry lives on enhanced personalization and relevance.

Exceptional Recruiters Accenture

  • Accenture
  • Cisco
  • IBM
  • Microsoft
  • National Informatics Centre
  • McAfee 
  • QuickHeal Technologies Limited

CONCLUSION

However moving from a non-tech background to data science necessitates mastering a particular set of abilities. These are the main factors to think about:

  • Calculus, linear algebra, and statistics are fundamental concepts in mathematics and statistics that are necessary to comprehend machine learning algorithms and foster analytical thought.
  • Probability: For statistical inference and cutting-edge machine learning approaches, understanding probability principles is essential.
  • Calculus: In order to optimize machine learning models, calculus knowledge is required.
  • Understanding equations and matrices in linear algebra is crucial for manipulating data and comprehending machine learning algorithms.
  • Python is the most widely used programming language in the field of data science. For the purposes of data manipulation, analysis, and model construction, it is imperative to learn Python and its data science libraries.
  • SQL: Working with databases and extracting data for analysis requires an understanding of SQL.
  • Understanding machine learning techniques, both supervised and unsupervised, is crucial for deriving insights from data and automating decision-making procedures.
  • Data Wrangling: The ability to preprocess and clean data is essential for converting unstructured data into formats that can be analyzed.
  • Data visualization: Software applications like Tableau and Power BI are helpful in successfully presenting and sharing data insights.
  • Deep Learning: Working with sophisticated neural networks requires familiarity with deep learning frameworks like PyTorch and TensorFlow.

 

Numerous industries, including BFSI, media and entertainment, healthcare, retail, cybersecurity, and more offer career possibilities in data science. Data science is used by every sector to tackle particular issues and enhance decision-making.

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