Download as DOCX, PDF, TXT or read online on Scribd
Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1/ 10
Differences between Data Science and Data Analytics
Differentiating between data analytics and data science can be perplexing.
Data science and data analytics are related but distinct fields that deal with the extraction of insights and knowledge from data. While they share some overlapping concepts and techniques, they differ in their focus, methodologies, and the types of problems they aim to solve. Briefly, data science leverages advanced techniques to predict future outcomes and drive innovation, while data analytics focuses on understanding historical data for decision support.
What is Data Science?
Data science is a multifaceted field that incorporates various disciplines to extract actionable insights from large volumes of raw and structured data. This field primarily focuses on discovering solutions to problems we aren't even aware of yet. It involves the use of computer science, predictive analytics, statistics, and machine learning to sift through massive datasets, thereby establishing solutions to novel problems. Data scientists employ several techniques to derive answers, creating new processes for data modelling, and production using prototypes, algorithms, predictive models, and custom analyses. The primary goal of data scientists is to ask questions and explore potential avenues of study, with less emphasis on specific answers and more focus on finding the right question.
What is Data Analytics
On the other hand, data analytics involves the examination and statistical analysis of existing datasets. Analysts work on creating methods to capture, process, and organize data to uncover actionable insights for current issues. Unlike data science, data analytics is more focused on producing results that can lead to immediate improvements. Data analysts utilize data to draw meaningful insights and resolve problems. They analyze well-defined sets of data using a variety of tools to cater to tangible business needs. In essence, data analytics is about solving known problems, based on existing queries. Figure 1: Data Science vs Data Analytics
Role and Skills of a Data Scientist
Data scientists play a pivotal role in organizations, owing to their ability to solve highly complex problems. They help define objectives and interpret results based on business domain expertise, manage the organization's data infrastructure, utilize relevant programming languages, statistical techniques, and software tools, and have the curiosity to explore and spot trends and patterns in data. They are also effective communicators and collaborators. Some of the primary responsibilities of a data scientist include designing and maintaining data systems and databases, using statistical tools to interpret data sets, preparing reports that effectively communicate trends, patterns, and predictions based on relevant findings.
Data Science Process
The process of data science involves several stages, starting from goal definition to model deployment and presentation. The data scientist works closely with business stakeholders to define goals and objectives for the analysis. If you’re considering a career as a data scientist, and are wondering, “What does a data scientist do?”, here are the six main steps in the data science process: 1. Goal Definition: The data scientist works with business stakeholders to define goals and objectives for the analysis. These goals can be defined specifically, such as optimizing an advertising campaign or broadly, such as improving overall production efficiency. 2. Data Collection: If systems are not already in place to collect and store source data, the data scientist establishes a systematic process to do so. 3. Data Integration & Management: The data scientist applies best practices of data integration to transform raw data into clean information that’s ready for analysis. The data integration and management process involves data replication, ingestion and transformation to combine different types of data into standardized formats which are then stored in a repository such as a data lake or data warehouse.
Figure 2: Data Integration & Management
4. Data Investigation & Exploration: In this step, the data scientist
performs an initial investigation of the data and exploratory data analysis. This investigation and exploration is typically performed using a data analytics platform or business intelligence tool. 5. Model Development: Based on the business objective and the data eploration, the data scientist chooses one or more potential analytical models and algorithms and then builds these models using languages such as SQL, R or Python and applying data science techniques, such as AutoML, machine learning, statistical modeling, and artificial intelligence. The models are then “trained” via iterative testing until they operate as required. Figure 3: Model Development
6. Model deployment and presentation: Once the model or models have
been selected and refined, they are run using the available data to produce insights. These insights are then shared with all stakeholders using sophisticated data visualization and dashboards. Based on feedback from stakeholders, the data scientist makes any necessary adjustments in the model.
Figure 4: Model Deployment and Presentation
Data Scientist Role
Given the pace of change and the volume of data in today’s business world, data scientists play a critical role in helping an organization achieve its goals. A modern data scientist is expected to do the following: Design and maintain data integration systems and data repositories. Work with business stakeholders to develop data governance policies and to improve data integration and management processes and systems. Fully understand their company or organization and its place in the market. Use BI or data analytics tools to investigate & explore large sets of structured and unstructured data. Build analytical models and algorithms using languages such as SQL, R or Python and applying data science techniques such as machine learning, statistical modeling, and artificial intelligence. Test, run and refine these models within a prescriptive analytics or decision support system to produce the desired business insights. Effectively communicate trends, patterns, predictions and insights with all stakeholders using verbal communication, written reports and data visualization.
Figure 5: Data Scientist Tools
Data Scientist Skills
The ideal data scientist is able to solve highly complex problems because they are able to do the following: Help define objectives and interpret results based on business domain expertise Manage and optimize the organization’s data infrastructure Utilize relevant programming languages, statistical techniques and software tools Have the curiosity to explore and spot trends and patterns in data Communicate and collaborate effectively across and organization The Venn diagram below, adapted from Stephan Kolassa, shows how a data science consultant (in the heart of the diagram) must combine communication, statistics, and programming skills with a deep understanding of the business. With modern tools, data science is increasingly overlapping with analytics. Seen as one of the top 10 BI and data trends this year, this will enable citizen data scientists to do more.
Figure 6: Data Scientist Skills
Data Analytics Process
The process of data analytics involves defining requirements, integrating and managing the data, analyzing the data, and sharing the insights. Data analysts prepare, manage, and analyze well-defined datasets to identify trends and create visual presentations to help organizations make better, data-driven decisions. The primary steps in the data analytics process involve defining requirements, integrating and managing the data, analyzing the data and sharing the insights. 1. Project Requirements & Data Collection: Determine which question(s) you seek to answer and ensure that you have collected the source data you need. 2. Data Integration & Management: Transform raw data into clean, business ready information. This step includes data replication and ingestion to combine different types of data into standardized formats which are stored in a repository such as a data warehouse or data lake and governed by a set of specific rules. 3. Data Analysis, Collaboration and Sharing: Explore your data and collaborate with others to develop insights using data analytics software. Then share your findings across the organization in the form of compelling interactive dashboards and reports. Some modern tools offer self-service analytics, which enables any user to analyze data without writing code and let you use natural language to explore data. These capabilities increase data literacy so that more users can work with and get value from their data.
Data Analyst Role
Today’s data analyst is expected to do the following: Design and maintain data integration systems and data repositories. Work with the IT team to develop data governance policies and to improve data integration and management processes and systems. Understand their company or organization and its place in context of external and competitive trends. Use a data analytics or BI tool to build apps and perform analyses, create dashboards and visualizations, and dive deep into the data to find relationships and insights. In the absence of a full-featured analytics or BI platform, use statistical tools to analyze data sets and find insights. Prepare dashboards and KPI reports for stakeholders that use data to effectively communicate trends, patterns, and predictions.
Data Analyst Skills
In terms of the skills you’ll need, the ideal data analyst is able to effectively collaborate and communicate with all stakeholders in addition to having the necessary technical expertise. Business skills include helping define goals and providing KPI examples. Technical expertise includes skills in data integration and management, data modeling, R or SAS, SQL programming, statistical analysis, reporting, and data analysis. These skills typically come from a background in mathematics and statistics and sometimes includes a master’s in analytics.
What are the Differences: Data Science vs Data Analytics?
The primary distinction between data science and data analytics lies in their scope and focus. Data science is an umbrella term encompassing various fields, including data analytics, used to extract insights from large datasets. Conversely, data analytics is a more focused version of this, often part of the larger process. The objectives of the two fields also differ. Data science aims to predict potential trends, explore disconnected data sources, and find better ways to analyze information. Data analytics, on the other hand, is devoted to realizing actionable insights based on existing queries.
Data Science Data Analytics
Focuses on extracting insights and Focuses on examining and knowledge from large and complex interpreting data to answer specific datasets questions Utilizes advanced statistical Focuses on examining and modelling, machine learning, and interpreting data to answer specific predictive analytic techniques questions Involves developing and Primarily focuses on analyzing data to implementing algorithms and models provide insights and to solve complex problems recommendations Requires strong programming skills, Requires proficiency in data querying, such as Python or R, to manipulate data cleaning, and data visualization and analyze data tools Emphasizes hypothesis testing, Primarily focuses on data cleaning, experimental design, and advanced data validation, and data quality data manipulation techniques assurance Often deals with unstructured and Typically works with structured and messy data, such as text, images, or well-organized data in relational sensor data databases Data Scientists often have a broader Data Analysts primarily focus on skill set and may work on end-to-end analyzing existing data to provide projects, including data collection, insights and recommendations to pre-processing, model development, stakeholders and deployment Plays a crucial role in developing Helps businesses understand past data-driven strategies and making performance and optimize operations data-informed business decisions based on historical data References Monash University. (2024). Data Science vs Data Analytics, What are the Differences? [online], Available from: https://www.monash.edu/indonesia/news/the-differences-between-data- science-and-data-analytics/ [accessed 17 December 2024]. Qlik. (2024). Data Science vs Data Analytics [online]. Available from: https://www.qlik.com/us/data-analytics/data-science-vs-data-analytics/ [accessed 17 December 2024].
(Ebook) Common Data Sense for Professionals by Rajesh Jugulum ISBN 9780367760489, 0367760487 - The ebook is now available, just one click to start reading
(Ebook) Common Data Sense for Professionals by Rajesh Jugulum ISBN 9780367760489, 0367760487 - The ebook is now available, just one click to start reading