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BIG DATA VS DATA SCIENCE A DETAILED COMPARISON

Big data and data science are two very closely related terms yet they are very different. Learn about their relationships, key differences, and inter-connectivity here. https://bit.ly/49KI2sx

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BIG DATA VS DATA SCIENCE A DETAILED COMPARISON

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  1. BIGDATA V/S DATA SCIENCE A DETAILED COMPARISON © Copyright 2024. United States Data Science Institute. All Rights Reserved us dsi .org

  2. We live in a world where data is everything, not just for businesses but for individuals as well. Organizations use data to improve their business operations and enhance customer experiences, whereas individuals use data for several purposes too. For example, investing in stocks, finding the best institute, or choosing the next car, data plays an important role in evaluating the situation and making an informed decision. “ Amidst this growth of data, two important terms have gained traction: Big Data and Data Science. While they are closely linked, they have some significant differences and each of them plays different roles in extracting meaningful insights out of the ocean of data. Let's dive into their unique characteristics and explore the relationship between them. © Copyright 2024. United States Data Science Institute. All Rights Reserved us dsi .org

  3. BIG DATA As the term suggests, Big Data refers to the humongous amount of data that is huge, large, and in great volumes and consists of a variety of information that the organizations have acquired over time. Datasets are so large and complex that traditional tools buckle under the strain. We're talking petabytes, exabytes, and even zettabytes of information flooding in from social media interactions, sensor readings, financial transactions, and more. Big Data isn't just about volume; it encompasses the "Four Vs": 01 02 Volume: As mentioned, the sheer size is staggering, beyond the capacity of traditional databases. Velocity: The data arrives at high speeds, often in real-time, demanding agile processing. 03 04 Variety: Structured data (think spreadsheets) coexists with unstructured (text, images, videos), requiring flexible approaches. Veracity: Ensuring data accuracy and consistency becomes crucial when dealing with such massive and diverse sources. © Copyright 2024. United States Data Science Institute. All Rights Reserved us dsi .org

  4. But as they contain a lot of information, they can be used in data-driven decision-making and identify unnoticed trends and patterns. If we look at the Big Data scenario, then according to IDC, 120 zettabytes of data were created in 2023 and it is expected that it will reach up to 181 zettabytes by 2025. Out of these, 57% of data is generated by internet users worldwide. Also, Gartner has reported that 70% of the world's data is user-generated. GLOBAL BIG DATA AS A SERVICE MARKET Size by Deployment Mode, (2023-2033) USD Billion 900 HYBRID CLOUD PUBLIC CLOUD 809.7 800 PRIVATE CLOUD 700 600 608.3 500 457.0 Source : market.us 400 343.4 258.0 300 193.8 200 145.6 109.4 82.2 61.8 100 46.5 0 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 33.1% Size for 2023 in USD: $809.7B The Market will grow at the CAGR of: The Forecasted Market © Copyright 2024. United States Data Science Institute. All Rights Reserved us dsi .org

  5. DATA SCIENCE While Big Data refers to the element that is used to draw meaningful insights from them, Data Science is the technology that empowers data science professionals to process and draw insights from Big Data. Data Science is a multidisciplinary field that encompasses the knowledge and applications of computer science i.e., programming skills, business or domain knowledge, and mathematics or statistics. Unlike Big Data, it focuses on: Asking the right questions: Identifying valuable insights hidden within the data requires clear objectives and an understanding of the business context. Extracting meaning: Data wrangling, cleaning, and analysis come into play, using a combination of statistical techniques, machine learning algorithms, and programming languages. Communicating discoveries: Visualizing and presenting findings in a way that stakeholders can understand and use for informed decision-making. © Copyright 2024. United States Data Science Institute. All Rights Reserved us dsi .org

  6. Exploring the industry with numbers suggests how rapidly data science is growing. According to Indeed, the data science job market has increased 33% over the past year and Glassdoor has reported the median annual salary of data scientists to be $126,000. Also, according to CB Insights, the number of data science start-ups has grown to over 8000. DATA SCIENCE PLATFORM MARKET SIZE, 2022-2032 (USD BILLION) 502 $501.03 451.8 $429.70 401.6 $368.84 351.4 $316.87 301.3 $272.46 251 $234.48 $201.96 200.8 $174.10 $150.22 150.6 $129.72 $112.12 100.4 50.2 0 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 Source : www.precedenceresearch.com © Copyright 2024. United States Data Science Institute. All Rights Reserved us dsi .org

  7. RELATIONSHIP BETWEEN BIG DATA AND DATA SCIENCE Big Data and Data Science share a symbiotic relationship, each relying on the other for effectiveness. Big Data provides the vast and diverse datasets that fuel data science activities. The massive volume, variety, and velocity of Big Data create the raw material for data scientists to extract valuable insights, patterns, and trends. Data Science, in turn, utilizes advanced analytical techniques, machine learning algorithms, and statistical models to make sense of the complex and extensive datasets inherent in big data. Essentially, big data serves as the resource pool, while data science acts as the processing engine that transforms raw data into actionable knowledge. This interdependence highlights the integral connection between the two, as advancements in one field often lead to improvements and innovations in the other. BIG DATA VS. DATA SCIENCE: DIFFERENTIATING FACTORS While Big Data and Data Science are interrelated, they differ on many grounds. Big Data: Data Science: Focus: Concentrates on extracting insights and knowledge from data through analytics and machine learning. Emphasizes the storage, processing, and management of massive volumes of data. Purpose: Primarily addresses the challenges of handling large- scale data efficiently. Focuses on applying advanced analytics to derive actionable intelligence and solve problems. Nature: Application-oriented, employing analytics, machine learning, and statistical methods for insights. Infrastructure-oriented, dealing with data storage, processing, and retrieval tools. © Copyright 2024. United States Data Science Institute. All Rights Reserved us dsi .org

  8. Big Data: Data Science: Activities: Involves the application of algorithmsto analyze data, discover patterns, and make predictions. Involves collecting, storing, and managing extensive and diverse datasets. Output: Provides a platform and infrastructure for data storage and processing. Outputs insights, predictions, and actionable intelligence from analyzed data. Integration: Provides the raw material for data science by supplying vast and varied datasets. Utilizes big data as the input source for analysis and modeling. REAL-WORLD EXAMPLES: This dynamic duo is transforming industries: Retail: Analyzing customer purchase history and social media sentiment helps predict preferences and personalize marketing campaigns. Finance: Fraud detection algorithms analyze millions of transactions in real time, flagging suspicious activity. Healthcare: Analyzing medical records and genomic data leads to personalized medicine and drug discovery advancements. © Copyright 2024. United States Data Science Institute. All Rights Reserved us dsi .org

  9. THE FUTURE OUTLOOK OF BIG DATA AND DATA SCIENCE As the data deluge intensifies, the need for both Big Data and Data Science prowess will skyrocket, shaping the future landscape. Edge computing will also revolutionize the game, bringing analysis closer to data sources for lightning-fast insights. Additionally, explainable AI is poised to build trust by shedding light on the inner workings of machine learning models, paving the way for responsible and transparent AI adoption. These cutting-edge developments promise to unlock the true potential of data, propelling us toward a future guided by actionable intelligence and data-driven decisions. This is the time when you need to invest in yourself and master these big data science aspects. With the best data science certifications from the United States Data Science ® Institute (USDSI ), you can learn about the fundamentals as well as advanced data science concepts, theories, tools, and technologies. Depending upon your current career profile and future professional goals, choose the ® perfect data science certification from USDSI and advance in your data science career. © Copyright 2024. United States Data Science Institute. All Rights Reserved us dsi .org

  10. GET STARTED ON YOUR PROFESSIONAL DATA SCIENCE JOURNEY © Copyright 2024. United States Data Science Institute. All Rights Reserved

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