Data science involves using industrial research techniques on a company's own data to develop advanced algorithms that provide a competitive advantage. Data engineering is a specialized form of software engineering focused on handling and processing data using skills in areas like structured and unstructured data storage, machine learning platforms, and predictive APIs. While data science and business intelligence overlap in using data analysis, statistics, and visualization, data science has a more scientific approach focused on the future rather than the past. Data-focused jobs are in high demand across many industries, especially technology, but some roles may become automated, increasing the value of skills like research and communication. Education options for these fields include academic programs, boot camps, and online classes.