Data science: how is it good for business?

Can you make data science work for your business? (Image via Alamy/Carol and Mike Werner) “Data is the new oil,” says big data expert David Buckingham. “We need to find it, extract it, refine it, distribute it and monetize it.” In order to implement such a process and the technology needed to handle it, a workforce needs to be recruited. As a result ‘data science’ has emerged as a new profession dedicated to managing and using the overwhelming volumes of data produced by humans. As this IBM infographic published three years ago shows, 2.3 trillion gigabytes of data was generated every day. So, data science is becoming a necessary tool, not only because data is existing in massive volumes and in an unstructured and unorganized form, but because with the possibility…

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