Data Science comprehensively transforms the way businesses operate entirely, critically paving the next step of the business journey. This includes improving business overall performance by accurately predicting insights such as consumer behaviour to achieving cost effectiveness by optimizing all operation procedure. Data Science has breached its way into the reality of business innovation and this is the beginning of its globalizing stage.
David Pardoe, Group Head of Data Science from Hays Recruitment explained that the fundamental goal of data science should be to help humans make better decisions. David suggests it is true of all industries, even those where “decisions” are automated or seemingly happen without human intervention. Worldwide Big Data market revenues for software and services are projected to increase from $42B in 2018 to $103B in 2027, attaining a Compound Annual Growth Rate (CAGR) of 10.48% according to Wikibon.