Learn Data Science with Python 3 and Pandas Framework Full course Download
What is data science with examples?
We hear a lot
about how artificial intelligence and machine learning will change the world
and how the internet of things will make everyone's life easier. But what's the
one thing that underpins all of these revolutionary Technologies?
The answer is data. From
social media to the IoT devices for generating. Bill amount of data
consider The cab service provider
Uber. I'm sure all of you have used Uber. What are you think makes Uber a
multi-billion-dollar worth company. Is it the availability of cabs, or is it
their service?
Well, the answer
is data makes them very rich, but wait, is there enough to grow a business? Of
course, it isn't you must know how to use the data to draw useful insights and
solve problems. Here is where data science comes in.
In Words, data science is the process of using
data to find Solutions or to predict outcomes for a problem statement to understand
data science better. Let's see how it affects our day-to-day activities. It's a
Monday morning, and I have to get to the office before my meeting starts.
So I quickly open up
Uber and look for cabs, but there's something unusual the gab reads A
comparatively higher at this hour of the day. Why does this happen?
Well, because Monday
mornings are P cars and everyone rushing off to work. Work the high demand for
cams leads to an increase in the cab fares. We all know this, but how is all of
this implemented? Data science is at the heart of Uber's pricing algorithm. The
Surge pricing algorithm ensures that their passengers always get a ride when
they need one.
Even if it comes
at the cost of inflated prices, Uber implements data science to determine which
neighborhoods will be the busiest to activate search pricing to get more
drivers on the road in this manner over maximized.
The number of
rides it can provide and benefit from this Uber surge pricing algorithm uses
data science. Let's see how a data science process always begins with
understanding the business requirement or the problem. You're trying to solve this
case—the business requirement is to build a dynamic pricing model that takes
effect.
When many people in the
same area are requesting rides at the same time. Uber collects data such as the
weather. Oracle data holidays time traffic pick up and drop location, and it
keeps track of all of this.
The next stage is data
cleaning, while sometimes unnecessary data is collected. Such data only increases
the complexity of the problem. An example is that uber might collect
information like the location of restaurants and cafes nearby. Such data is not
needed to analyze user surge pricing there for such data has to be removed at
this step; the date follows data planning.

Exploration and
Analysis. The data exploration stage is like the brainstorming of data
analysis. Here is where you understand the patterns in your data. that is
called by data modeling. The data modeling stage includes building a machine
learning model that predicts the Uber surge at a given time and location.
This model is built by
using all the insights and Trends collected in the exploration stage. The model
is trained by feeding thousands of customer records to learn to predict the
outcome more precisely. Next is the data
validation stage nowhere the model is tested when a new customer
books arrive, the data
of the original booking is compared with the historical data to check if there are any
anomalies in the search prices or any false predictions if any such abnormalities are
detected, a notification is immediately sent to the data scientists at Uber who
fix the issue.
This is how Uberpredicts
a surge price for a given location and time. The final stage of science is
deployment and optimization. So after testing the model and improving its
efficiency,
it is deployed on all
the users. At this stage, customer feedback is received, and if there are any
issues, they are fixed here.
So that was the entire
data science process. Now, let's look at a few other applications of data
science is implemented in e-commerce platforms, like Amazon and Flipkart. It is
also the logic behind Netflix'srecommendation system now in all actuality.
Quality data science has made remarkable changes in today's market.
Its applications
range from credit card fraud detection to self-driving cars and virtual
assistants such as City and Alexa. Let's consider an example. Suppose you look
for shoes on Amazon, but you do not buy it then in there.
Now the next day,
you're watching videos on YouTube, and suddenly you see an ad the same item you
switch to Facebook there. Also, you see the
same how does this happen?
Well, this Happens
because Google Tracksyour searches history and recommends ads based on your
search history. This is one of the coolest applications of data science. 35% of
Amazon'srevenue is generated by product recommendation.
And the logic behind
product recommendations is data science. Let me tell you another sad story
Scott killed. In never imagined his Apple watch might save his life, but that's
precisely what happened a few months ago when he had a heart attack in the
middle of the night. But how could a watch detect a heart attack any guesses?
Well, it's data science
again. Apple used data science to build a watch that monitors and individuals
Health. This watch collects data such as the person's heart rate, sleep cycle,
breathing rate, activity level blood pressure Etcand keeps a record of these
measures 24 bars seven.
This collected
data is then processed and analyzed to build a model that predicts the risk of
a heart attack. These were a few hours Locations now; the question is how and
why you should become a data scientist. According to Linkedin'sMarch 2019 the survey, a data scientist is the most promising job role in the US, and it
stands at number one on glass doors' best jobs of 2019.
Here are a couple
of job trends collected from LinkedIn. Top companies like Microsoft, IBM,
Facebook and Google have over a thousand job vacancies, and this number is
only going to grow.
Hurley these jobs Trends show the vacancy of employment concerning jog defame coming to the salary
of a data scientist, the average salary ranges between a hundred thousand
dollars two hundred and eighty-two thousand dollars.
Now, remember that
your salary varies on your skills. Your level of experience
and your geography also the company you're working for.
Here are the skills that
are needed to become a data scientist. You must be skilled in statistics
expertise in programming languages like ours and python. You're required to understand
processes, like data extraction, processing ranging, and exploration.
It would be best if you were
well-versed with the different types of machine learning algorithms and how
they work. Advanced machine learning Concepts like deep learning is also needed
you must also possess a good understanding of the different big data processing
Frameworks,
like Hadoop and Spark,
and finally, you must know how to visualize the data by using tools like
Tableau and power bi now that you know what it takes to becomes a data
scientist. It's time to buckle up and kick start your career as a data
scientist. That's all from my side, guys. If you wish to learn more about such
trending Technologies,
download the course here
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