Earlier, mostly structured, which could be analysed by using the simple BI tools. Today, most of the data is unstructured or semi-structured, rather than being structured, as it used to be in the traditional systems. This data is generated from different sources. These sources are multimedia forms, financial logs, text files. The traditional BI tools cannot of processing this huge volume and variety of data. Here comes the need for more complex and advanced analytical tools and algorithms for processing, analysing and inferring useful insights out of it.
Data scientist has become the most sought-after job of the decade. Companies use the insights provided by data scientists to stay one step ahead of their competition. This enables them to keep low overhead costs. A lot of companies like Apple, Oracle, Microsoft, State Farm, Walmart, and more all regularly recruiting data scientists.
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