Tag Archives: Data Science

Role of data science in the healthcare revolution

The healthcare industry is playing a crucial role in fighting COVID-19 Pandemic. This unprecedented crisis has accelerated the implementation of many technological solutions in healthcare that had been long struggling to prove their value. Only those countries that have readily adopted these technological advancements in healthcare are the countries that are doing well in the current pandemic situation. One such technology that has helped the healthcare industry is data science. 

So, how crucial is the role of data science in the healthcare revolution? Here is how data science is shaping the future of the healthcare industry.

Accelerating drug discovery

The process of drug discovery takes years and costs billions before it gets approved. The drug needs to pass through millions of testing procedures over the years until it gets approved. But in most cases, even after investing so much time, money, and effort, the drug may get rejected. But this process can be shortened and made more efficient with the help of data science. Data science and Machine learning algorithms can successfully predict the response and reaction of a certain drug to the body and help the scientists to improve it. Thus, data science in the healthcare sector has proven to be of great help in finding a vaccine for the COVID-19 pandemic. 

Improving diagnostic accuracy and efficiency

Despite having huge amounts of health data at hand, the healthcare industry still suffers from high diagnostic failure rates. Each year, millions of patients are misdiagnosed and are given the wrong treatment. This is where data science comes in. With the help of a deep learning algorithm that can read imaging data such as x-rays, CT scans, etc, data scientists analyze and check the results against an extensive database of clinical reports and studies to deliver more accurate results faster. This is how data science in healthcare helps improve diagnostic accuracy and efficiency.

Optimizing hospital performance

This is another major role of data science in the healthcare industry. Data science combined with predictive analytics is a valuable tool that can help optimize the way in which the hospital or a clinic operates. It can optimize hospital staff scheduling, manage supplies, accounting, and can even build efficient action plans for pandemic outbreaks. Thus, data science helps hospitals make better sense of their data and improves business performance.

Virtual assistance

There can be no better example to explain the role of data science in the healthcare industry than virtual assistance. Data scientists have built digital platforms for patients that give them a personalized experience. These are basically medical applications that identify the patient’s disease by analyzing the data that the patient enters on the application. Based on the symptoms and data, the application will predict the disease, condition of the patient, suggest medication, treatment, and precautions required as per the condition of the patient.

The healthcare industry is swimming in data and data is the new oil. However, in reality, whatever data you have in your hand, it is worth very little if you don’t have highly skilled professionals like data scientists who can derive actionable insights from it. This is why the role of data science in the healthcare industry is crucial. With the world going more digital day by day, the world is in need of data scientists who can study and gain useful information from the trillions of gigabytes of data that are produced each day. This way they could not only help the healthcare industry but also all the other sectors in helping them serve the people better. As a premier business school in India, Praxis offers a 9-month full-time postgraduate program in Data Science. With our vast experience in business education, we offer students both the time to understand the complex theory and practice of data science concepts and the guidance from knowledgeable faculty who are available on campus for mentoring. We also have a well-structured campus placement program that ensures interview opportunities with the most significant companies in the field.

Skill requirements for data Scientist jobs in 2021

For the past few years, the data science job market has been continually evolving and growing all around the world. The business world has also understood the power of data and how it assists the business to better serve customers, boost sales, and keep the business growing. Companies today are very keen to capture data and derive actionable insights from it and they are looking for data scientists to join their teams. As a result, the position of data scientist has emerged as a truly attractive career path option. So, with the right knowledge and skills required for data scientist jobs, any student or a fresher can easily get a data scientist job in 2021

To help you gain a better insight into what the current job market demands, we have listed down the skills required for a data scientist in 2021. 

Top Skills required for Data scientist jobs in 2021:

 

  1. Education

According to a study conducted by 365 Data Science organization , most of the employers who are hiring data scientists are looking for a bachelor’s degree or higher. Some of them wanted a master’s degree and few of the employers asked for a Ph.D. One striking thing to note in this survey is that a great number of employers who were looking for a data scientist asked no educational requirements. So, as you can see, the skills required for data scientist jobs and education credentials are two different things. Whether you are a computer science grad or a business grad, data science is a field for everyone if you have the right skills required for data scientist jobs. Although education credential appears to be the utmost importance for employers, it all comes down to your data science skills and knowledge at the end of the day. 

  1. Coding skills

The biggest question that comes to everyone’s mind when researching the skills required for a data scientist job is- Do I need to have strong programming skills to get a data scientist job? Technically, the programming skills you require and programming languages you need to know depends on the area of data science that you want to work on. So, you just need to be skilled in one programming language and need to know the basics of the rest. Based on this, you need to learn SQL if your role wants you to manage databases, leaning Java, Python or R helps you in data analytics, modelling, and data visualization. However, Python is the primary computer-language competency organizations expect from an applicant.  

  1. Machine learning and AI

As a data scientist, you must have good mathematical skills, analytical skills, and strong business knowledge. Data science needs the application of skills in different areas of machine learning. This includes neural networks, adversarial learning, reinforcement learning, etc. Studying machine learning techniques such as decision trees, logistic regression, and supervised machine learning makes you stand out from other data scientists. Most students shy away from taking data science courses due to ML and AI, but ML and AI are not as complex as you think. You just need to be clear on the basics to get a data scientist job in 2021, you’ll learn the rest and improve your ML knowledge on the job. 

  1. Business knowledge

Skill requirements for data scientist jobs in 2021 are not all about technical concepts and knowledge- to be a great data scientist, you’ll need a solid understanding of the industry you’re working in, and know what business problems your organization or company is trying to solve. This is why you need to have deep business knowledge and know in-and-out of your business operations so you can direct your efforts in the right direction. 

  1. Communication skills

Communication skills are one of the most crucial skills required for data scientist jobs in 2021. You may be strong on all your technical skills, but communication is what helps you to ace the interview. Your communication skills not only help you clear interviews but also helps your professional career in data science as your role might involve presenting an idea to your superiors, communicating insights to your peers, and such. In fact, companies searching for a data scientist are looking for someone who can clearly and fluently translate their complex technical findings to the marketing or sales team in layman’s terms. 

The demand for data scientists is huge in today’s data-driven world. Top companies all around the world including Apple, Microsoft, Amazon, Walmart, and more are looking for skilled data scientists. So, being clear on the skills required for a data scientist and working towards it is crucial for success. As a premier business school in India, Praxis offers a 9-month full-time postgraduate program in Data Science. With our vast experience in business education, we offer students both the time to understand the complex theory and practice of data science concepts and the guidance from knowledgeable faculty who are available on campus for mentoring. We also have a well-structured campus placement program that ensures interview opportunities with the most significant companies in the field.