What's so important about data in this day and age maintaining a healthy business goes hand-in-hand
alongside working with data whether you understand it or not there is no denying that data is that the
foundation of any successful company and the business entrepreneurs that are leading the way are aware
that looking deeper into data is what will make them tower above the competition.
Let's start with the data team or the big data team.
They will want to solve a business problem.
The team will do a significant amount of work on the data that is available first based on that.
The business intelligence team will provide a business insights dashboard after the dashboard is ready.
The data science team will use some business analytics or data analytics tools to develop models that
could predict future outcomes.
Hold the phone.
What on earth are we talking about.
Unless you are a data science whiz kid you may think we're just picking words out of the dictionary
and sticking them together at random.
Nope these are actual data science buzzwords and not only that there are many other similar phrases.
No wonder you're confused.
But fret not.
It's completely understandable for you to feel like this.
Let us shed some light as to how things became so complicated.
One cause of this confusion is the constant evolution of the data science industry and in turn the meaning
of these buzzwords.
This complicates the situation a lot.
For example someone who had the title of statistician twenty five years ago would have been responsible
for gathering and cleaning data sets and applying various statistical methods to the data after some
years.
However with the growth of data and the radical improvement of technology this statistician would now
be required to extract patterns from data henceforth a new buzzword was coined.
Data mining similarly forward wind a few more years in the same statistician due to new mathematical
and statistical models could now perform more accurate forecasts.
And again another term has found its way into an already inflated business glossary.
Predictive analytics has the statistician changed her job by this point.
Nope Are her goals different.
Nope not really.
However she is more qualified now to be part of the statistics department predictive analytics team
or have the title data scientist.
Hopefully it's easy to see now how these buzzwords develop over time and how someone who would qualify
as a statistician twenty five years ago and had kept up with modern technologies could fit into a multitude
of professional categories.
Now interesting but a little messy right.
Another cause of confusion which stems from the one I just mentioned comes from H.R. managers who understandably
can become overwhelmed with the barrage of new terms and buzzwords flying around.
This causes them to label job positions inaccurately often seeming like they are choosing them on a
whim.
One H.R. representative may call a job position data analytics specialist when in fact they need a data
analyst another may employee a junior data scientist when they require a business intelligence analyst.
Of course there are many companies that word their job offers brilliantly but this is not standard across
the board which can cause even more of a mess now.
As exemplified already the world of data and data science can seem overwhelming and may very well make
you want to run away and hide from anything data related.
But bear with us a little longer.
We 3:6 five data science team are here to help you sort through the clutter and see data science in
a whole new brighter clearer light.
We have designed a unique info graphic to put everything together.
Of course you could search the Internet for different glossaries but why waste time with us.
You will find an aggregated concise and to the point structure containing all technical and business
terms that are frequently used in the field of data science we begin by clarifying the similarities
and differences between the terms of business analytics data analytics data science business intelligence
and machine learning.
Then we focus on helping you digest the definitions you need to know in an effective way.
By the end you will be more than capable of being able to relate and apply various expressions and buzzwords
to the areas of data science they belong to.
So what are we waiting for.
Let's dive straight in.
