• Home
  • Daily Updates
  • Academics
  • Ed-Leaders’ Corner
  • Jobs
  • Events
  • Blog
  • Magazine
    • Subscribe
    • Archive Edition
    • Subscription Form
  • Institutions
    • Engineering
    • Medical
    • Management
    • Finance and Accounts
    • Law
    • Humanities
    • Commerce
    • Science
    • Odd Vocation
    • Media and Journalism
    • Design
    • Hotel Management
    • Competition
    • Study Abroad
Thursday, February 17, 2022
Higher Education Plus
Advertisement Banner
  • Home
  • Daily Updates
    • All
    • Agriculture
    • Banking & Finance
    • Economy
    • Education Sector
    • Entrepreneurs
    • Expert Speaks
    • Healthcare
    • Infrastructure
    • News
    • Policies
    • Startups
    • Technology
    Need for self-dependent students in self-reliant India

    Need for self-dependent students in self-reliant India

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    Childhood cancer and treatment

    Childhood cancer and treatment

    New Globalization Redefines MBA

    New Globalization Redefines MBA

    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Adil Meraj, Founder and CEO of Gurucool shares Education trends we can foresee in 2022

    Adil Meraj, Founder and CEO of Gurucool shares Education trends we can foresee in 2022

    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    Online learning a boon for the CAT 2021 topper

    Online learning a boon for the CAT 2021 topper

    National Board of Examinations announced changes in NEET MDS 2022 exam

    National Board of Examinations announced changes in NEET MDS 2022 exam

  • Academics
    • All
    • Admission
    • Exams
    • Internship
    • Results
    • Scholarship
    • Study Abroad
    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Updates regarding NEET UG Counselling 2021

    Updates regarding NEET UG Counselling 2021

    Online learning a boon for the CAT 2021 topper

    Online learning a boon for the CAT 2021 topper

    National Board of Examinations announced changes in NEET MDS 2022 exam

    National Board of Examinations announced changes in NEET MDS 2022 exam

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

  • Ed-Leaders’ Corner
    • All
    • Higher Education
    • K12
    Need for self-dependent students in self-reliant India

    Need for self-dependent students in self-reliant India

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    New Globalization Redefines MBA

    New Globalization Redefines MBA

    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Updates regarding NEET UG Counselling 2021

    Updates regarding NEET UG Counselling 2021

    Online learning a boon for the CAT 2021 topper

    Online learning a boon for the CAT 2021 topper

    National Board of Examinations announced changes in NEET MDS 2022 exam

    National Board of Examinations announced changes in NEET MDS 2022 exam

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

  • Jobs
    • All
    • Career Advice
    • Get a Job
    • Recruit
    OMOTEC to conduct 10-day Robotics Workshop for students

    OMOTEC to conduct 10-day Robotics Workshop for students

    Dr Mukesh Kwatr

    Development can go hand with forestation: Dr.Mukesh Kwatra

    How to make your future bright in Naturopathy: Dr N K Sharma

    How to make your future bright in Naturopathy: Dr N K Sharma

    Dr Sunita Gandhi

    Help teachers overcome the fear of tech: Dr. S Gandhi

    Blended learning is an important pedagogy for B-Schools

    Blended learning is an important pedagogy for B-Schools

    Understanding the objective of fellowship is important

    Understanding the objective of fellowship is important

    OMOTEC’s four young geniuses win laurels at IRIS National Fair

    OMOTEC’s four young geniuses win laurels at IRIS National Fair

    Tremendous potential to uplift India’s schooling systems: Lina Ashar

    Tremendous potential to uplift India’s schooling systems: Lina Ashar

    Dr Malini Saba

    The Good, Bad, and Ugly for Education Sector From Budget 2021

  • Events
    • All
    • Events
    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    UAE leads winners at GESS Education Awards

    UAE leads winners at GESS Education Awards

    bml munjal

    BML Munjal University in Partnership with Indian Academy of Management hosts workshop to encourage management research

    The next important event is the citywide teachers’ council!

    The next important event is the citywide teachers’ council!

    TiE Delhi-NCR partners with Brainfeed

    TiE Delhi-NCR partners with Brainfeed to host ‘India Education Entrepreneurship Day’

    40 college societies and students get a chance to showcase their talent with realme’s Campus Stars Programs

    40 college societies and students get a chance to showcase their talent with realme’s Campus Stars Programs

    media-partner for LPU’s ‘Volatile Consumer Behavior & Marketing’ Conference

    Brainfeed Higher Education Plus: media-partner for LPU’s ‘Volatile Consumer Behavior & Marketing’ Conference

    Centre for Continuing Education inaugurated at NIT, Jalandhar

    Centre for Continuing Education inaugurated at NIT, Jalandhar

  • Blog
  • Magazine
    • Subscribe
    • Archive Edition
    • Subscription Form
  • Institutions
    • Engineering
    • Medical
    • Management
    • Finance and Accounts
    • Law
    • Humanities
    • Commerce
    • Science
    • Odd Vocation
    • Media and Journalism
    • Design
    • Hotel Management
    • Competition
    • Study Abroad
No Result
View All Result
  • Home
  • Daily Updates
    • All
    • Agriculture
    • Banking & Finance
    • Economy
    • Education Sector
    • Entrepreneurs
    • Expert Speaks
    • Healthcare
    • Infrastructure
    • News
    • Policies
    • Startups
    • Technology
    Need for self-dependent students in self-reliant India

    Need for self-dependent students in self-reliant India

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    Childhood cancer and treatment

    Childhood cancer and treatment

    New Globalization Redefines MBA

    New Globalization Redefines MBA

    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Adil Meraj, Founder and CEO of Gurucool shares Education trends we can foresee in 2022

    Adil Meraj, Founder and CEO of Gurucool shares Education trends we can foresee in 2022

    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    Online learning a boon for the CAT 2021 topper

    Online learning a boon for the CAT 2021 topper

    National Board of Examinations announced changes in NEET MDS 2022 exam

    National Board of Examinations announced changes in NEET MDS 2022 exam

  • Academics
    • All
    • Admission
    • Exams
    • Internship
    • Results
    • Scholarship
    • Study Abroad
    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Updates regarding NEET UG Counselling 2021

    Updates regarding NEET UG Counselling 2021

    Online learning a boon for the CAT 2021 topper

    Online learning a boon for the CAT 2021 topper

    National Board of Examinations announced changes in NEET MDS 2022 exam

    National Board of Examinations announced changes in NEET MDS 2022 exam

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

  • Ed-Leaders’ Corner
    • All
    • Higher Education
    • K12
    Need for self-dependent students in self-reliant India

    Need for self-dependent students in self-reliant India

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    New Globalization Redefines MBA

    New Globalization Redefines MBA

    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Updates regarding NEET UG Counselling 2021

    Updates regarding NEET UG Counselling 2021

    Online learning a boon for the CAT 2021 topper

    Online learning a boon for the CAT 2021 topper

    National Board of Examinations announced changes in NEET MDS 2022 exam

    National Board of Examinations announced changes in NEET MDS 2022 exam

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

  • Jobs
    • All
    • Career Advice
    • Get a Job
    • Recruit
    OMOTEC to conduct 10-day Robotics Workshop for students

    OMOTEC to conduct 10-day Robotics Workshop for students

    Dr Mukesh Kwatr

    Development can go hand with forestation: Dr.Mukesh Kwatra

    How to make your future bright in Naturopathy: Dr N K Sharma

    How to make your future bright in Naturopathy: Dr N K Sharma

    Dr Sunita Gandhi

    Help teachers overcome the fear of tech: Dr. S Gandhi

    Blended learning is an important pedagogy for B-Schools

    Blended learning is an important pedagogy for B-Schools

    Understanding the objective of fellowship is important

    Understanding the objective of fellowship is important

    OMOTEC’s four young geniuses win laurels at IRIS National Fair

    OMOTEC’s four young geniuses win laurels at IRIS National Fair

    Tremendous potential to uplift India’s schooling systems: Lina Ashar

    Tremendous potential to uplift India’s schooling systems: Lina Ashar

    Dr Malini Saba

    The Good, Bad, and Ugly for Education Sector From Budget 2021

  • Events
    • All
    • Events
    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    UAE leads winners at GESS Education Awards

    UAE leads winners at GESS Education Awards

    bml munjal

    BML Munjal University in Partnership with Indian Academy of Management hosts workshop to encourage management research

    The next important event is the citywide teachers’ council!

    The next important event is the citywide teachers’ council!

    TiE Delhi-NCR partners with Brainfeed

    TiE Delhi-NCR partners with Brainfeed to host ‘India Education Entrepreneurship Day’

    40 college societies and students get a chance to showcase their talent with realme’s Campus Stars Programs

    40 college societies and students get a chance to showcase their talent with realme’s Campus Stars Programs

    media-partner for LPU’s ‘Volatile Consumer Behavior & Marketing’ Conference

    Brainfeed Higher Education Plus: media-partner for LPU’s ‘Volatile Consumer Behavior & Marketing’ Conference

    Centre for Continuing Education inaugurated at NIT, Jalandhar

    Centre for Continuing Education inaugurated at NIT, Jalandhar

  • Blog
  • Magazine
    • Subscribe
    • Archive Edition
    • Subscription Form
  • Institutions
    • Engineering
    • Medical
    • Management
    • Finance and Accounts
    • Law
    • Humanities
    • Commerce
    • Science
    • Odd Vocation
    • Media and Journalism
    • Design
    • Hotel Management
    • Competition
    • Study Abroad
No Result
View All Result
No Result
View All Result

Data Science: Preparing students to think with data

Abhijit-Dasgupta of SP Jain School of Global

By Abhijit Dasgupta, Director, Bachelor of Data Science program, SP Jain School of Global Management

The second decade of 21st century the buzz is all about machine learning, artificial intelligence et all. You open a corporate news article and you get to find how the company is planning or executing projects on artificial intelligence. Just a random google search using ‘Data Science’ yields 2,90,00,00,000 results, ‘Machine Learning’ about 2,43,00,00,000 results and ‘Artificial Intelligence’ generates 88,10,00,000 results. These are all inter-related and mostly form the core subjects of a data science course. Interestingly, since 1980s, disciplines like Management Information Systems were in place and largely the work involved data wrangling, cleaning and presentation, often providing insights into the solution that a company might be investigating to find. So, what changed?

Beginning of the 90s. with the advent of Internet, firms started generating huge amounts of data, many of these are new companies primarily working on-line such as Amazon, eBay (the early pioneers of internet retail in the world), Hotmail email, Napster music sharing platform etc. Since the market was the whole world, therefore data generated out of the business activities increased substantially. The then available technologies were trying to fill the gaps and hence companies came out with newer technologies like virtualization of compute platforms, storage and also network. Early 2000 say the birth of companies like Google, Facebook, Amazon Web Services etc who were constantly trying to push the boundaries of the available technologies. Towards later half, technologies like Hadoop, Spark etc we born allowing users to store infinite amount of data. Alongwith this newer technologies for processing, storing and sharing, companies came up with packaged solutions integrating machine learning algorithms and made them open source. This process of democratization happened quite fast, all in about 7-10 years which made technologies those were only used by really large rich companies became available to a practitioner, free of cost. Hence data revolution started, and today as we speak, there is hardly any area where data science isn’t used. Below are a few such examples:

Marketing: Every student of marketing would have done a course on segmentation-targeting-positioning and often found it enormously complex to use customer data and generate the matrices to come up with a solution. Not anymore; todays’ students use libraries from Python or R (free of cost) to do this simple (yet mathematically challenging work) in a jiffy on his/her desktop. In India we have come across OTT Platforms, and one of the key technology that drives the marketing out there is called ‘Recommender Systems’. You watch a movie on Netflix, and you get recommendations on what to watch next. Recommender systems are ubiquitous in internet retail stores like Flipkart, Amazon too.

Finance : Ever worried how does a Wall Street investment banker does trade ? He looks up the past data, looks up few other resources like Bloomberg etc; to take a calculated guess on a buy or sell of a certain stock. He uses Time Series Analysis (a known statistical method) to predict the movements. In Banks, lending has always been fraught with risks. It is possible to manage risks for a few lenders individually, but what happens if the numbers are like in million customers? Artificial intelligence powered software agents would automatically identify the risks of lending or even a transaction being probably a fraud one.

Healthcare : Healthcare analytics is the process of analyzing current and historical industry data to predict trends, improve outreach, and even better manage the spread of diseases. It can reveal paths to improvement in patient care quality, clinical data, diagnosis, and business management.

In the times of Covid, it is important to understand how data science is helping the healthcare sector. A statistical tool called ‘Design of Experiment’ can help create the matrices of most effective drug combinations. This method is used by every vaccine, API and pharma companies in the world to roll out drugs, vaccines, supplements.

Climate Change : Many scientists agree on the fact that we are already too late, people are just becoming conscious about this problem. And with the people comes politics, and with politics comes the money. That’s why in the next years there will be a major push towards research in the Energy Sector, and Data Science is going to play a big role in this huge battle. Finding new patterns in the data is a clear path to obtaining powerful solutions for our energy-hungry world. Tools from Predictive Analytics method are being extensively used to identify and solve problems associated with climate change. A company called ‘Deepmind’ an AI company, acquired by Google, has helped the company to reduce carbon footprint of Google and improved energy efficiency by almost 40% in their California office.

Marine Biology : It is all about uncovering findings from marine data such as oceanographical data collected using both in situ methods and remote sensing. It typically starts with data exploration followed by quantitative techniques drawn from mathematics, statistics, information science, and computer science in order to get a level deeper, e.g., inferential models, segmentation analysis, time series forecasting or synthetic control experiments. The overall intent is to scientifically piece together a forensic view of what the data is really saying about marine system dynamics. The data to be used, however, does not need to represent exclusively marine biotic and abiotic data. In fact, any type of data describing a climatological, terrestrial, or socio-economic component that could affect the marine system could be analyzed. Amongst these, regional and large-scale climatological indices, fisheries, agricultural, and demographic data are commonly used to study the extent of external forcing on the system and potential feedback mechanisms.

Agriculture : Data science is changing the way farmers and agricultural professionals have been making decisions. Modern technology has made it possible to collect data of soil, water, and minerals from farms, and store them in a centralized system, popularly known as the Internet of Things (IoT). IoT refers to the idea of connecting interrelated devices to the Internet so that they can share and exchange data independently. Such data can be combined with data from external sources such as satellites, weather stations and even data from neighboring farms to form a bigger volume. Data analytics can be used in the accumulated bulk to obtain information which can be used by farmers to optimize their farming. Farmers can thus make smart farming decisions using that information throughout the production cycle; from planning, plantation, harvesting, all the way to its marketability.

Similarly other areas which uses data science extensively are like companies in Transportation & Logistics, Environmental engineering, government bodies trying to identify a possible terrorist, robotic warfare etc. and the list goes on. It’s a good time to learn data science, since the future is largely going to be driven by a collaboration between man and the machine and it is where newer technologies like AI is going to slowly get mainstreamed. There would be definite requirements of skills and the people driving those systems.

Tags: Abhijit DasguptaData Science

Related Posts

Need for self-dependent students in self-reliant India
Blog

Need for self-dependent students in self-reliant India

by HEP Online Bureau
February 16, 2022
0

When PM Narendra Modi unveiled his dreams about Atma nirbhar Bharat (Self-reliant India) on 12 May 2020, his intention would...

Read more
Childhood cancer and treatment

Childhood cancer and treatment

February 11, 2022
New Globalization Redefines MBA

New Globalization Redefines MBA

February 11, 2022
Adil Meraj, Founder and CEO of Gurucool shares Education trends we can foresee in 2022

Adil Meraj, Founder and CEO of Gurucool shares Education trends we can foresee in 2022

February 1, 2022
“Those who have creative mind should serve the society through their talent”:Dr Sudarsan Pattnaik

“Those who have creative mind should serve the society through their talent”:Dr Sudarsan Pattnaik

December 20, 2021
Load More

TRENDING THIS WEEK

Boys and Machines notices rising luxury pre-owned car demand from Tier-II and Tier-III cities

Boys and Machines notices rising luxury pre-owned car demand from Tier-II and Tier-III cities

February 16, 2022
Need for self-dependent students in self-reliant India

Need for self-dependent students in self-reliant India

February 16, 2022
iSchoolConnect Technologies to host India’s biggest Study Abroad Fest

iSchoolConnect Technologies to host India’s biggest Study Abroad Fest

February 16, 2022
SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

February 16, 2022
RERF (Brahmakumari’s) MOU with SRM University AP

RERF (Brahmakumari’s) MOU with SRM University AP

February 16, 2022
Sanskriti University organized Ayurvedic Seminar

Sanskriti University organized Ayurvedic Seminar

February 15, 2022

FOLLOW US

Highereducationplus

Contact Info

Plot No: 47, Rd Number 4A, adjacent to Bose Edifice, Golden Tulip Estate, Raghavendra Colony, Hyderabad, Telangana 500084
Email: info@highereducationplus.com

Quick Links

  • About
  • Brainfeed Group of Magazines
  • Advertise
  • Privacy Policy
  • Contact
  • About
  • Brainfeed Group of Magazines
  • Advertise
  • Privacy Policy
  • Contact

© 2021 Higher Education Plus. All rights reserved.

No Result
View All Result
  • Home
  • Daily Updates
  • Academics
  • Ed-Leaders’ Corner
  • Jobs
  • Events
  • Blog
  • Magazine
    • Subscribe
    • Archive Edition
    • Subscription Form
  • Institutions
    • Engineering
    • Medical
    • Management
    • Finance and Accounts
    • Law
    • Humanities
    • Commerce
    • Science
    • Odd Vocation
    • Media and Journalism
    • Design
    • Hotel Management
    • Competition
    • Study Abroad

© 2021 Higher Education Plus. All rights reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In