It is undeniable that information is the foundation of any successful company and business entrepreneurs. Knowledgeable in studying more extensively into data will make businesses lead the way over the competition. This article will provide a brief description related to business intelligence and data science buzzwords.
Introduction
Begin with cultivating traditional data or big data to solve a problem with business intelligence and data science. Both of these roles want to solve business difficulties. Furthermore, business intelligence will provide business insights with data visualization tools — Power BI_, Tableau, d3.js, _python, etc — with the existing data from previous experiences.
Once the dashboard is ready, the data science team will use their analytics skills and tools to develop models that could predict future outcomes. Additionally, these definitions might be confusing, and it is not only picking words out of the dictionary and sticking them together at random. These are actual data science buzzwords, not only that, there are distinct phrases from this particular area. No wonder we are confused. It is entirely understandable to feel confused. Discussing how things became complicated will gives us more explanations.
The main reason for this confusion is the consistent evolution of the data science industry. In turn, the meaning of these buzzwords. This situation confuses the situation a lot.
Statistician
For example, someone who had the title of statistician twenty years ago would have been responsible for collecting and cleaning datasets and utilizing numerous statistical techniques to the data. After some years, with the majority of data and the progressive development of technology, this statistician would now be expected to have the ability to extract patterns from data, henceforth a new buzzword was introduced.
Data mining
With a few more years in the same statistician due to enhanced mathematical and statistical standards could now perform more reliable and accurate predictions. Moreover, another term has found its way into an already expanded business dictionary.
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