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Earlier, I referenced the tremendous amount
of data generated each day.
It has become a byproduct of modern life.
For companies and organizations,
all this data can provide insight into the ways they
operate and ultimately interact
with their users and consumers.
To obtain these insights,
organizations need people with the ability to access,
interpret, and share the stories within their data.
Organizations understand that data can inform
decision-making and
explain consumer trends and user behavior.
Data professionals use data insights
to optimize products or services.
There's a common phrase and
data-driven decision-making that
references the untapped potential of data.
The phrase is, "Imagine if we knew what we know."
Basically, it's a way of asking the following question.
How can we take all that data that may already exist
and translate it into meaningful and actionable insights?
To gain insights, businesses rely
on data professionals to acquire,
organize, and interpret data,
which helps inform internal projects and processes.
Businesses seek those who can access
data and understand its metrics.
As a reminder, metrics are methods
and criteria used to evaluate data,
both are necessary before creating predictive models that
can identify trends and inform best practices.
That's where you'll come in.
The combination of all these skills from statistics and
scientific methods to data analysis
and artificial intelligence,
all fall within the category of data science.
Data science is the discipline of making data useful.
To me, the idea of usefulness is
tightly coupled with influencing real-world actions.
Some individuals with these skills may work on developing
business insights and
supporting strategic decision-makers.
Others may use data skills to fuel automation,
testing, and analytic tool development.
Still others may focus on the analytic process itself by
adapting modeling approaches to
incorporate new and emerging technologies.
Data is the foundation for making future decisions.
It's through our actions and
decisions that we affect the world around us.
Businesses and organizations need people
like you who can think critically and
analytically about how to directly address
challenges and opportunities through data focused projects.
The work of data professionals
can provide businesses and organizations
with details about their practices
that can promote new approaches and innovation.
This might make a little more sense if
we take a closer look at an example,
a global delivery company, for instance.
Generally speaking, delivery companies are
responsible for transporting goods to consumers.
A company as complex as this is going to have a number
of different data inputs of streams that influence,
impact, and affect the ways the business operates.
These data inputs and streams may
include but are not limited to
weather and traffic patterns which
affect when deliveries are predicted to arrive.
Gas price trends and fuel economy,
which affect shipping costs and profit margins.
Truck loading times in
relation to the number of workers available,
which affects the time it takes for
the delivery to reach its final destination.
How users interact with
the company's app to track their packages,
which affects the customer experience
and the company's ratings.
Whether users engage with
marketing emails sent after they make specific purchases,
which impacts future and repeat sales.
My point is, each of these variables affects
the way organizations harness
data to transform decisions,
automating and adapting
machine-learning where applicable.
The ability to unlock transformative information
within data is a skill that businesses seek.
As you progress within this program,
you'll discover how data professionals
can make meaningful contributions to
almost any organization by
finding action oriented solutions within data.
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