Data analytics involves analyzing data sets without hypotheses to discover meaningful trends. It utilizes techniques like data mining to identify novel relationships and visualize data to observe trends. This enables quick decisions based on observed trends. Data scientists specialize in data analytics and make discoveries in large, diverse data. They help companies like Google and Zynga optimize algorithms and user experiences. India has a growing market for data analytics and a shortage of data scientists despite increased demand, positioning it for growth in this field.

1. Data Scientist:A New Breed

2.  2012 - Dr. Yair Levy and Dr. Michelle M. Ramim – Chais 2012 Conference, February 16, 2012.

3.  2012 - Dr. Yair Levy and Dr. Michelle M. Ramim – Chais 2012 Conference, February 16, 2012.
What Can Be Learned From Data Sets?
Data analytics is an emerging technique that
dives into a data set without prior set of
hypothesesThe data derive meaningful
trends or intriguing findings that were not
previously seen or empirically validated.
Data analytics enables quick decisions or
help change policies due to trends
observed

4.  2012 - Dr. Yair Levy and Dr. Michelle M. Ramim – Chais 2012 Conference, February 16, 2012.
What Is Data Analytics?
Data analysis, also known as analysis of data
or data analytics, is a process of inspecting,
cleansing, transforming, and modeling data
with the goal of discovering useful
information, suggesting conclusions, and
supporting decision-making. Data analysis
has multiple facets and approaches.

5.  2012 - Dr. Yair Levy and Dr. Michelle M. Ramim – Chais 2012 Conference, February 16, 2012.
Data Analytics
Data Analytics
Utilizes data mining techniques
Identifies inexplicable or novel
relationships/trends
Seeks to visualize the data to allow the
observation of relationships/trends

6.  2012 - Dr. Yair Levy and Dr. Michelle M. Ramim – Chais 2012 Conference, February 16, 2012.
Great Ideas Discovered By Data
Analysis.
It helped develop networking ideas
such as “triangle closing”—the
notion that if you know Larry and
Sue, there’s a good chance that Larry
and Sue know each other.

7.  2012 - Dr. Yair Levy and Dr. Michelle M. Ramim – Chais 2012 Conference, February 16, 2012.
Another great idea was “People You
May Know” ads.LinkedIn’s top
managers to recognize a good idea
and made it a standard feature which
helped them achieved a click-through
rate 30% higher than the rate
obtained by other prompts to visit
more pages on the site.

8.  2012 - Dr. Yair Levy and Dr. Michelle M. Ramim – Chais 2012 Conference, February 16, 2012.
Some Interesting Facts:-
Data is growing faster than ever before and
by the year 2020, about 1.7 megabytes of
new information will be created every
second for every human being on the
planet.

9.  2012 - Dr. Yair Levy and Dr. Michelle M. Ramim – Chais 2012 Conference, February 16, 2012.
Every second we create new data. For
example, we perform 40,000 search
queries every second (on Google alone),
which makes it 3.5 searches per day and
1.2 trillion searches per year.

10.  2012 - Dr. Yair Levy and Dr. Michelle M. Ramim – Chais 2012 Conference, February 16, 2012.
Who Are Data Scientist.
Data scientist it is a high-ranking
professional with the training and curiosity
to make discoveries in the world of big
data.
Their sudden appearance on the business
scene reflects the fact that companies are
now wrestling with information that
comes in varieties and volumes never
encountered before.

11.  2012 - Dr. Yair Levy and Dr. Michelle M. Ramim – Chais 2012 Conference, February 16, 2012.
Their sudden appearance on the business
scene reflects the fact that companies are
now wrestling with information that comes
in varieties and volumes never
encountered before,data scientists do is
make discoveries while swimming in data.

12.  2012 - Dr. Yair Levy and Dr. Michelle M. Ramim – Chais 2012 Conference, February 16, 2012.
'Data scientists’ most basic, universal skill
is the ability to write code.
The dominant trait among data scientists is
an intense curiosity—a desire to go
beneath the surface of a problem

13.  2012 - Dr. Yair Levy and Dr. Michelle M. Ramim – Chais 2012 Conference, February 16, 2012.
Data Scientist Help Companies Develop.
Google uses data scientists to refine its
core search and ad-serving algorithms.
Zynga uses data scientists to optimize the
game experience for both long-term
engagement and revenue.

14.  2012 - Dr. Yair Levy and Dr. Michelle M. Ramim – Chais 2012 Conference, February 16, 2012.
If “sexy” means having rare qualities that
are much in demand, data scientists are
already there. They are expensive to hire
and, given the very competitive market for
their services, difficult to retain.
Think of big data as an epic wave gathering
now, starting to crest. If you want to catch
it, you need people who can surf.

15.  2012 - Dr. Yair Levy and Dr. Michelle M. Ramim – Chais 2012 Conference, February 16, 2012.
Why and how are these insights relevant to
a manager in India
India is extremely famous among the
universal market which makes a few
companies in business analytic making
them one of the countries that has a great
data analytics future scope.Large measures
of data are pooling in the
company,constantly critical to take the
correct choice and beat the drawbacks in
companies.

16.  2012 - Dr. Yair Levy and Dr. Michelle M. Ramim – Chais 2012 Conference, February 16, 2012.
Data Scientist have a huge scope in India,
for experienced as well as freshers who
want to make a career in data science.
Demand for professionals skilled in
analytics has grown by more than 50%
over the last two years.
There’s shortage of Data Scientists in India.

17.  2012 - Dr. Yair Levy and Dr. Michelle M. Ramim – Chais 2012 Conference, February 16, 2012.
The no. of jobs in India are likely to
increase much faster vs. the rest of the
world as more analytics projects get
outsourced to India due to lack of skills
across the world.

18.  2012 - Dr. Yair Levy and Dr. Michelle M. Ramim – Chais 2012 Conference, February 16, 2012.