Data has emerged as the most sought-after resource in this era of digital revolution. With the era of fast-evolving technology, and the data that follows, a new area of academic study in data science has emerged. This new horizon of knowledge is revolutionizing industries and presenting large opportunities for businesses and stakeholders. Businesses are realizing that in a bid to be competitive, they will have to become more data-inclined, hence data scientists have become an imperative position in their organizations. Moreover, businesses want leaders who will use data to forge their own path, and thus more and more opportunities exist through education, such as MBA with specializations in Data Science and Artificial Intelligence and then careers as data scientists. Data science could be especially appealing due to its interdisciplinary nature.
For students with varied backgrounds (e.g., engineering, business, economics, and liberal arts), being a data scientist is a chance for all. This capacity to interact with an expansive range of skills and experience is one component of data science's recent development, one that offers students from diverse backgrounds and professions the potential to utilize their skill set to benefit others and solve issues by means of data. In this article, we aim to familiarize you with the notion of data science, and some of the possibilities that lie ahead should you decide to pursue that route.
1. What Is Data Science and Why Does It Matter?
Data science is a combination of computer science, statistics, and domain-specific expertise. It is a process of producing data, scrubbing data, analyzing data, and interpreting it meaningfully into actions and insights.
Data science is a process and techniques combination that enables people to make sense of a massive quantity of data which, in most instances, will be used for decision-making and finding new solutions. Data science is all about being able to rapidly identify trends, patterns, and relationships large-scale and comprehend their uniqueness that is not always possible to make real immediately.
The knowledge of patterns, trends, and relationships will carry an organization much further in lightening up decision-making, forecasting and maximizing [an] operation, and enhancing customer experiences. Today, organizations in every industry, be it health or an industry like retail, leverage data science to find out both new possibilities as well as the subsequent decisions needed to give themselves an edge in terms of competition. Data science assists organizations, in a number of ways, to forecast demand for a product or detect fraud, to stimulate innovation and expand.
2. Who is a Data Scientist? Key Roles and Responsibilities
Data scientists are trained experts who accept datasets either standalone files or cluster files and identify patterns or useful information within the data to make evidence-based choices that guide firm behavior. Data scientists can work in numerous buckets - technical or business or artistic. All of those responsibilities and activities will be a part of the workflow you can anticipate from a data scientist.
- Data Collection & Preparation: Data scientists will gather data from diverse sources and scrub data to ensure data integrity and prepare data for analysis.
- Data Analysis & Modelling: Data Analysis scientists will employ statistical methods and machine learning models to research, analyse and evaluate the data to gain value from the data through the development of predictive models.
- Visualisation and Reporting: The data scientist will utilize the visualisation of the data to report the results of the data, selecting relevant and meaningful visualisation techniques to represent complex outcomes in meaningful formats for stakeholders.
- Business Strategy: The data scientist will collaborate with owners/executives or business leaders to decide where data science can facilitate significant action or facilitate impact solutions.
Data scientists don't just crunch numbers, but are essential in assisting in creating business strategy and innovating by translating raw data into useful insights. They collaborate with numerous business leaders to guide decisions that establish whether a business is competitive and thriving or it languishes in the shadows.
3. Skills and Qualifications Required to be a Data Scientist
Being an effective data scientist calls for a wide variety of skill set that in the broadest terms can be divided into three broad categories of skills:
Technical Skills:
3. Soft Skills
Although being numbers-oriented is paramount, data scientists must also excel at the following areas of soft skills:
- Communication: You will be asked to translate complex results from the data into bite-sized pieces so everyone in the business can understand, from marketers to senior leaders, and eventually put your findings into practice.
- Problem-Solving: The right answer isn't always obvious. Many times you will need to find your way through the data in innovative ways in order to discover the solution.
- Teamwork: Data scientists work along with numerous others such as engineers, marketers, and business leaders. Being a good team player will see your efforts through in a proper way.
4. Educational Pathways: How to Begin Your Data Science Career
There are several ways to pursue a career in data science, with various educational pathways:
Traditional Degrees
- Bachelor's in Computer Science or Statistics
Master's in Data Science
Specialized Programs:
- Bootcamps and Online Courses: They are shorter, less expensive, and focused on making practical skills more accessible to learn, bootcamps and online courses are great for individuals seeking a quick introduction to data science.
- Certifications: Attaining certification in some of the tools and technologies (such as Python or SQL, or machine learning) contributes to one's data science credentials and is an approach to demonstrating to employers that the expert possesses expertise in that specific field.
The Benefits of an MBA in Data Science & AI:
Future executives will be able to leverage a strong blend of technical data science skills and business acumen with an MBA in Data Science & AI. Graduates of this program will be well-equipped in data analytics and business strategy, which will allow them to take leadership positions in data-driven organizations.
Why Obtain an MBA in Data Science & AI?
So, why an MBA in Data Science & AI? Here is how it can benefit your career:
Two-For-One: Yes, you will get technical training on machine learning, data analytics, etc.; however, you will also get business management training on how to create and manage a team of individuals and make decisions using data. This will make you a good asset for an organization.
Leadership Position: If you wish to become a Chief Data Officer, Analytics Manager, or any leadership position, this will put you ahead of being a leader in a data organization.
Hiring Edge: There is a big requirement for individuals who have trained as data scientists through a technical qualification and also possess a mix of business management skills, experience, knowledge and this will benefit you as an employer attempt to locate individuals who are able to bring team leadership and expertise in order to assist your company make data-driven decisions for its business model, which will place you in a better position with respect to competition.
MBA in AI & Data Science at Chandigarh University
With a world that never stands still and with data being the new gold, the chance to thrive in the Data Science & Artificial Intelligence (AI) space is one of the larger opportunities, and one of the best routes to mastery in these areas is through an MBA in Data Science & AI and the beauty of it is that Chandigarh University is providing the degree in collaboration with SAS, the industry leader and analytics innovation over 40 years. This is an incredibly great chance as students of Chandigarh University will have exclusive access to industry-based tools and training created for the students and based on the requirements of Industry. This is a great advantage for the students.
Unique Features of the MBA in Data Science & AI Program
- International Expansion: Focusing on machine learning, neural networks, predictive modeling and forecasting, as well as creating lessons and trends from institutions worldwide.
- SAS Accreditation: Provides SAS-certified training that is internationally recognized and includes real world practice of analytics.
- Elected Freedom: Offers elected freedom with AI, business intelligence, and other aspects of interdisciplinary studies.
- Experiential Learning: Focuses on the discovery of actual lifestyle skills through projects, internships, or case studies.
- AI Emphasis: Focuses on mechanisms like neural networks and predictive models with AI that lead to explorations with business decision making.
- Global Classroom: Encompasses our multicultural classes and student engagement globally to the requirement for experience and opportunity within a globalized world.
7. Admission Procedure for MBA in Data Science & AI at Chandigarh University
If you are thrilled at the prospect of being with us, kindly follow some very simple steps below.
- Registration for CUCET: You will start with registering for the Chandigarh University entrance examination (CUCET) for eligibility.
- Create an account and choose exam date: You will make your account, and easily choose the date of exam.
- Qualify CUCET: You will qualify the exam with the minimum score required for admission eligibility and scholarship eligibility based on your score.
8. Career Opportunities After an MBA in Data Science & AI
MBA graduates in Data Science & AI can take up many career roles in business sectors such as IT, healthcare, finance and e-commerce. Some examples of job titles are:
- Data Scientist
- AI Consultant
- Analytics Manager
- Business Analyst
The need for business management and data science professionals will only increase in the future, with financially rewarding career prospects across the globe.
Candidates can watch the video given below for more details:
Conclusion
Since all enterprises are still looking to data to determine their destiny, it is imperative that one knows data science and AI for tomorrow's leaders. Chandigarh university's MBA in Data Science & AI provides a unique combination of data science technical skills and business strategy that builds tomorrow's leaders in a data-driven world.
Step into the promising and exciting field of data science by checking out the MBA in Data Science & AI program, downloading the brochure or signing up for CUCET today!
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