When standard analytical tools become the norm, how then can a company find itself ahead of the rest of the pack? Constant innovation is always the key, and a willingness to build new systems and take risks will always drive greater successes.
As many companies have already learned, data science is that next step. Building a skilled team of workers who can operate on all levels of the data science timeline is becoming crucial for those who wish to remain atop the economic food chain.
Effective data scientists must be educated in multiple fields and languages, among them data acquisition and data entry, data mining and data modeling, predictive and qualitative analysis, and finally effective data reporting and visualization, which then leads to the business insights that we all seek. Keeping those business goals in mind throughout the analytical process is crucial, as losing track of them will leave you with nothing but spreadsheets and regressions. However, a well-structured data science plan alongside proper execution will yield fantastic results.