Analyze a company's stored information to identify trends.
What does a Data Scientist do?
In the last few decades, technology has advanced faster than in any other time in human history. With the advent of the internet and improved storage systems, we now have access to vast amounts of information. Businesses use this technology to gather and store customer information in the form of medical records, financial transactions, cell phone usage, or myriad other topics. Imagine trying to wade through ten years of medical records, and you’ll know just how challenging it is to organize and evaluate this data.
In simple terms, your job as a data scientist is to analyze and streamline information for others to use. Data scientists might work in a library, a large corporation, or a medical facility, among many other options. Your responsibilities are to scour vast amounts of stored information and run computer software programs that examine it.
But, employees by any title can run computer statistics programs. A data scientist’s job entails so much more than that. It involves insight and an understanding of what the numbers mean. With a grasp of the competition and the industry, you put all the resources together to create a vision of trends or patterns.
Through your expert modeling knowledge, you compile information into easy-to-understand tables, charts, and reports for management, investors, and the board of directors. This information is a super tool for companies looking to better understand their customers and get a leg up on the competition—and you provide it.