Importance of Learning Data Science

Published on: 27 May 2021 Last Updated on: 05 March 2022

Data science is a perfect blend of algorithms, tools, and machine learning principles to find different hidden patterns from the raw data. It encompasses the exploratory analysis from it and uses various machine learning algorithms to accurately predict the future.

A data scientist perceives data from different angles to ensure they know the data’s ins and outs; some are not known earlier. All the ideas in science-fiction movies of Hollywood can turn into reality by data science.

Lately, data science has become a tool to make a prediction about the future, making use of predictive casual analytics, machine learning, and prescriptive analytics (Predictive and decision science).

Data science is related to big data, machine learning, and data mining. It applies knowledge and actionable insights from data across a broad range of application domains.

What Is Data Science?

Data science is also known as a concept to unify data analytics, statistics, informatics, and their related methods to analyze and understand actual phenomena with data. It uses tools, techniques, and theories taken from several fields such as statistics, mathematics, information science, domain knowledge, and computer science.

So if someone wants to learn data science, he needs to take a specially designed Data Science course and start a promising career in this domain. This article is all about learning data science and the benefits of taking a data science course.

Why Learn Data Science?

Data science has been hailed as one of the most exciting jobs of the 21st century. Here are some of the reasons that make data science important and highly paid professionals.

A Fuel of the 21st Century:

In the 21st century, the industry is driving through a force called Data. Several industries, including automobile industries, are using data to improve their business. Data science is also called the electricity that powers the industries today.

They need data to improve their productivity, make their business grow, and offer the best products to their customers. Data scientists make valuable sense of data with their tools in order to make profound decisions. They also use high-performing computing to solve complex data problems.

Huge Demand And less Supply:

There is a huge abundance of data, but there are no proper resources to convert this data into useful products. There is a lack of skilled professionals who help companies utilize the potential that data holds.

We can say that there is a lack of data literacy in the market in order to fill this gap in supply. So it’s worth learning data science in its high-demanding time.

A Lucrative Career:

According to Glassdoor, a data scientist can earn more than the national average salary, where the average salary for a Data Scientist is $117,345/yr, and the national average salary is $44,456 yearly. So this makes data science a highly lucrative career choice.

The absence of data scientists is resulting in a double increase in income. So learning data science is beneficial, and a data scientist can enjoy the position of prestige in the company.

Benefits of a Data Science Career-

Today, so many professionals want to become data scientists, so it’s necessary to take a proper certification course in this domain to help them start their careers. Below mentioned are some of the advantages of starting a data science career.

1. Data Science is Versatile:

Data Science is a versatile field where numerous applications are available. Data science is vastly used in the sectors such as banking, healthcare, consultancy services, and e-commerce industries. So it offers a huge set of opportunities to work in various fields.

2. Makes Data Better:

All companies need skilled data scientists to analyze and process their data. They also want to improve their quality; here, data science improves the process in which how we perceive and understand the data.

3. Data Science Makes Products Smarter:

For customer satisfaction, Data science includes the usage of Machine Learning that helps companies create better products. For example, eCommerce websites use analytics to have insight into their customers’ needs based on previous purchases through recommendation systems. It helps computers to understand human behavior and make data-driven decisions.

4. Data Science Makes you A Better professional:

Data science provides you a great career and helps you create your better version via personal growth. It offers you a problem-solving attitude and a bridge role between IT and Management. So you can enjoy the best of both worlds.

5. Prestigious career and Highly Paid Job:

Data Scientists allow companies to make smarter decisions and provide better results to their clients. It makes them achieve an important and prestigious position in the company.

Due to their prestigious values and roles, data scientists can earn higher than other job roles. Nowadays, data science is considered one of the most highly-paid jobs as they can earn an average of $116,100 per year, which is quite an attractive salary for anyone.

Wrap Up:

Data science is a field with many lucrative advantages. However, it has its own flaws, considering how vast this field can be and its cross-disciplinary nature. But the benefits of data science can make you take this up as your future career. So are you ready to take a data science course to make your career bright and find your niche?

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What Do Consumer Non-Durables Jobs Pay?

What do consumer non-durables jobs pay? If this is something that you are searching for, then you have reached the right place. After the pandemic of 2020 caused due to the outbreak of the Covid-19 virus, a lot of people started to look for jobs across various fields. This is mostly because of the large wave of unemployment that took over the world during the lockdown globally. If you are someone who is searching for jobs in consumer non-durables, then you need to do one thing. And that is to keep reading this article till the end… What Are Consumer Non-Durables Jobs? In order to know what are the jobs that are present in this line, you need to know what is the consumer non-durable. So here I go. Consumer non-durables are the items that are good or items that have a very small lifespan. This means that consumers do not use this for a very long time. They are not very durable, needless to say. Therefore, these goods are considered to be consumer non-durables. The goods that are non-durables generally need to be used up before or in less than three years. These are the items that are produced in very large quantities, but at the same time, these goods are cheaper to produce and purchase. These goods are different from consumer durable goods, which last for more than three years. Some examples of consumer non-durables are packaged and non-packaged goods like food, drinks, laundry detergents, etc. You must have heard the names of companies like Coca-Cola, Pepsico, Nestle, and Unilever. These are all the companies that deal with consumer non-durables. Answering The Question, “What Do Consumer Non-Durables Jobs Pay?” Now that you know what the consumer non-durable job is, it is time for you to know about the jobs that pay well in the field of consumer non-durables. If you are thinking, “is consumer non-durables a good career path,” then the answer is YES! And one of the main reasons for that to happen is because this job pays you a lot of money. But, at the same time, there is also a huge variety of jobs that are available in this field of work. Typically the consumer non-durables jobs pay you nearly $41,500 on an average per year. However, that does not mean that this is the only money that you can make in this line or sector. There are many people working in this area that make nearly $100,000 on an average every year. The money that you make depends on your rank or position or your job role. One of the main reasons why the companies on consumer non-durables pay well is because the companies do not always need experienced or skilled labor or employees all the time. For example, there are many people who have gotten a job in the consumer non-durables sector without having any prior experience. Jobs Available In The Consumer Non-Durable Sector There are many jobs that are available in the line of consumer non-durables. Here is a list of some of the jobs that pays you well in this line: JOB ROLESAVERAGE SALARYENTRY LEVEL SALARYRestaurant General Manager$54,000$72,000Sales Representatives$62,000$50,000Food and Beverage Manager$53,000$39,000Food Technologist$63,000$39,000Chef$47,000$32,000Beauty Consultant$33,000$30,000Grocery Associate$31,000$29,000 Consumer Non-Durable Companies Procter & Gamble Company Nike Nestle AG Loreal Pepsico Coca-Cola Company Unilever Group Philip Morris International Anheuser-Busch Inbev Christian Dior Procter & Gamble Company Market Cap (Sep-01-2021): 345.770 Billion USD Revenue: 70,950 Million USD (Year Ending: Jun-2020) Net Income: 13,030 Million USD (Year Ending: Jun-2020) Number of Employees: 99,000 (As of 2020) Nike Market Cap (Sep-01-2021): 260.800 Billion USD Annual Revenue in USD: 37,420 Million USD (May 2020) Annual Net Income in USD: 2,530 Million USD (May 2020) Number of Employees: 75,400 (2020) Nestle AG Market Cap (Sep-01-2021): 348.550 Billion USD Annual Revenue in USD: 92,301 Million USD (Year Ending: Dec-2020) Annual Net Income in USD: 13,242 Million USD (Year Ending: Dec-2020) Number of Employees: 291,000 (December 2019) Loreal Market Cap (Sep-01-2021): 262.430 Billion USD Annual Revenue: 33,028 Million USD (Year Ending: December 2020) Annual Net Income in USD: 4,172 Million USD (Year Ending: December 2020) Number of Employees: 88,000 (As of December 2019) PepsiCo Market Cap (Sep-01-2021): 216.150 Billion USD Annual Revenue in USD: 70,370 Million USD (Year Ending: Dec-2020) Annual Net Income: 7,120 Million USD (Year Ending: Dec-2020) Number of Employees: 263,000 (2019) Coca-Cola Company Market Cap (Sep-01-2021): 243.070 Billion USD Annual Revenue: 33,010 Million USD (Dec-2020) Annual Net Income: 7,750 Million USD (Dec-2020) Number of Employees: 86,200 (in 2019) Unilever Group Market Cap (Sep-01-2021): 145.300 Billion USD Annual Revenue in USD: 59,850 Million USD Annual Net Income in USD: 6,529 Million USD Number of Employees: 149,000 (2020) Phillip Morris International Market Cap (Sep-01-2021): 160.530 Billion USD Annual Revenue in USD: 28,690 Million USD (year ending in Dec-2020) Annual Net Income in USD: 8,030 Million USD (year ending in Dec-2020) Number of Employees: 71,000 (2020) Anheuser-Busch Inbev Market Cap (Sep-01-2021): 123.700 Billion USD Annual Revenue in USD: 46,880 Million USD (Year Ending: Dec-2020) Annual Net Income in USD: 1,400 Million USD (Year Ending: Dec-2020) Number of Employees: 170,000 (December 2019) Christian Dior Market Cap (Sep-01-2021): 139.230 Billion USD Annual Revenue in USD: 63,331 Million USD (Year Ending Dec-2019) Annual Net Income in USD: 3,437 Million USD (Year Ending Dec-2019) Number of Employees: 163,309 (2019) Frequently Asked Questions (FAQs):- As you have reached almost the end of this blog, I hope that most of your queries have been cleared. However, in case you want some more information regarding the same topic, here are some of the questions that readers frequently ask about what do consumer non-durables jobs pay. You might want to check them out. 1. What Is The Highest Paying Job In Consumer Non-Durables? Ans: Some of the highest-paying jobs in the line of consumer non-durables are:➊ Human Resource Manager➋ Food and Beverages Manager➌ Digital Designer➍ Chemical Engineer 2. What Is The Meaning Of Non-Durables? Ans: Non-durables or consumer non-durables are the items that the consumers do not use for a very long time. These are the goods that the consumers use in less than three years. Some of them are laundry detergents, packaged goods, drinks, etc 3. What Are Examples Of Consumer Durables? Ans: In case you are searching for an example of consumer durables, you have reached the right place. These are the items that the consumers have used for more than three years. Here are some of the examples of consumer durables:➊ Computer➋ Air conditioners➌ Refrigerator➍ Dryers➎ Cars Wrapping It Up! Non-durables are the goods or items that the consumers use up in less than three years. These items can be the packaged goods that have an expiry date on them. Needless to say, there are several types of jobs that are available in the line of consumer non-durables. If you were looking for the answer to what do consumer non-durables jobs pay, I hope that you found this article to be of help. Also, if there are any other queries related to the same, feel free to write them down in the comment section below. Read Also: Best Paying Jobs In Energy Best Paying Jobs In Electric Utilities Central Are Commercial Banks A Good Career Path?

The Challenges Of Being A C-Suite Executive And How To Overcome Them

C-suite leadership is a challenging position. The top executives are responsible for setting an organization's strategic direction and ensuring its long-term success. The prestige of a top leader comes with high salaries and a seat at the table for major business decisions. However, this prestige comes with unexpected stresses. This stress can impact personal and professional life if not managed properly. A PwC 2018 CEO survey found that 83% of new CEOs get internal promotion to their role. However, those hired for CEO jobs from outside the company often receive more attention and support during their transition. Therefore, companies often overlook the challenges associated with their ascension. Similarly, despite the challenges, these individuals differ in character from those brought in from outside. By addressing and overcoming these challenges, C-suite leaders can ensure the success of their organizations. C-Suite Jobs: How To Overcome The Challenges? Given below are some of the stressful challenges faced by most CEOs around the world and how you can overcome them— 1. Fighting Off The Imposter Syndrome Making it to the C-suite is challenging. It comes with the constant pressure to perform and meet targets. Hence, it is stressful, especially during times of crisis or uncertainty. Moreover, being accountable for your team's and the entire organization's actions can sit heavy on your shoulders. Consequently, one common feeling in the C-suite is imposter syndrome. Here, an individual doubts their accomplishments and fears being accused of fraud. This can lead to feelings of not belonging or not qualified for the position. The intense scrutiny of a high-profile position can make it challenging to take risks or try new approaches. This can stifle innovative leaders. It often makes the individual feel like they are not just a team member anymore but are now in charge. Therefore, you must focus on your accomplishments to address imposter syndrome or any form of self-doubt. Remind yourself of your expertise, and seek support from a mentor or coach to cultivate self-compassion. Moreover, as a leader in an organization, you must let go of unrealistic expectations or perfectionism. 2. Dealing With The Lack Of Clarity The upper management often tends to assume that everything is running smoothly. However, they only realize the issues when it is too late. This happens due to a lack of visibility and clarity in the company's day-to-day operations. The C-suite executives rely on information from department heads and middle managers. This can distort or filter reality, leading to an inaccurate view of reality or complex and unclear information. Therefore, it can create significant problems that go unnoticed until too late. To improve data-driven decision-making, organizations should visualize their business and its layers, maintain data reliability and integrity, and promote faster data-driven decision-making. A data strategy tailored to the company's needs helps achieve data clarity. It ensures the integrity of the data used to inform key business decisions. Finally, consolidating business data and promoting the sharing of insights across teams can help leaders ensure data clarity and the accuracy of their decisions. 3. Preventing Ego To Distort Clarity In the business world, success can sometimes lead to complacency within the C-Suite, creating a false sense of security and impeding adaptation to changing market conditions or new technologies. This can result in groupthink. Here, dissenting opinions get suppressed, stifling critical analysis. Thus, it makes the C-Suite blind to potential risks and challenges. Organizations should embrace digital transformation and leverage disruption to ensure long-term success and competitiveness. According to 83% of project managers, digital transformation has moderately or significantly impacted their work over the past five years. Therefore, organizations should adopt an agile approach to project management. They must continuously evaluate shifting market dynamics, new technologies, and innovation to deliver against strategy. 4. Lacking Farsightedness C-suite executives often prioritize short-term gains over long-term sustainability. This attitude can lead to decisions that harm the company in the long run. Such decisions can result in insufficient investment in critical areas like research and development. However, these are essential for the business's long-term health. Moreover, a CEO solely focused on short-term profits may refrain from investing in new technology. The ever-evolving technology can help companies remain competitive in the long run. Therefore, such organizations prioritize investment in developing strategy over proper execution. However, there appears to be a disconnect between executive leaders and project managers on strategy implementation funding. This suggests organizations may not leverage the optimum focus and investment to deliver against strategy. 5. Fighting Loneliness And Isolation The C-suite often faces unexpected stress due to the isolation it often brings. Top leaders often make difficult decisions that impact many people's lives but with limited support or input from others. This isolation can amplify feelings of loneliness and isolation, which can further exacerbate stress and anxiety. Moreover, maintaining relationships outside of work can become challenging, and the pressure to always be "on" is exhausting. Therefore, leaders should acknowledge their need for support, seek an executive coach, or join a mastermind group with diverse leaders to overcome this isolation. Moreover, prioritizing finding a balance between work and personal life is crucial. You must let your team know they are human. This helps build trust and allows them to feel comfortable sharing with turn. 6. Accepting The Shift From A Peer To The Boss When CEOs are promoted from within the company, they often find themselves leading colleagues who were once their peers or superiors. This is a particularly tricky situation. Consequently, lingering tensions or resentments can complicate the new leader's job. In addition, the CEO must quickly assess all direct reports and stakeholders, building their team and reenlisting people they want to keep through early conversations. This process requires careful consideration and judgment, as the new leader must determine which team members are best suited for their roles and which may need to be replaced. Through this process, new leaders can establish themselves as effective managers and confidently navigate the challenges of their new roles. 7. Organize Yourself For The New Role It is common for CEOs who are promoted from within a company to face challenges when transitioning to their new roles. On the other hand, externally hired CEOs tend to receive more support. However, providing equal opportunities for all CEOs to succeed is essential. The board, senior management team, HR executives, and communications executives are vital in this process. Therefore, a newly promoted CEO should understand their challenges and develop a plan to overcome them with organizational support to lead effectively. Read Also: An Overview Of Adaptive Leadership Top 10 Best Job-Boards In The US In 2023: A Comprehensive Guide Develop Your Organizational Leadership Skills with an Associates of Science Degree

Ideal Jobs for Gap Year Travellers

There are a lot of people who look to travel and to see the world once they have finished school. For some, it is a case of visiting foreign shores while for others it is more a case of staying locally and expanding their horizons from there. Wherever it happens, the reality of the gap year is that it does require that work happens in order to fund the desired lifestyle. But quite what work to do is often the question. The goal is generally to find a means to earn a living, it is not about building a career. The gap year generally happens before university so there are no qualifications at play yet. All you want is a flexible job that pays well. So, if this is something that you are looking to do, here are a few ideas. Security Roles: Working security is certainly not glamorous, but it pays well, and it tends to be something that most able-bodied young men are equipped to do. Security roles vary from guards at factories to bouncers at clubs, armed response patrollers or you could even investigate cash in transit jobs. There are plenty of angles to investigate – most of which will require a week or two of training and thereafter you will be good to go. It is also likely that they will want applicants with no criminal records – which is generally achievable for most people who are fresh out of school. Construction: This is another great place for able-bodied young men to make a living. You don’t have to be trained in a specific trade or bring a specific skill-set to the mix. All that is really needed is muscle-power. People to lift and push and carry and move. This is hard work, but it is in demand. It does not work that anyone can do because it can be gruelling. You won’t want to turn this into a career, but it pays well, and it is an industry that loves to make use of casual labour. Find the foreman of any construction site and make some enquiries, you could be earning sooner than you think. But make sure that you look and are the part before you apply. If you have never been to a gym or look like you would get blown away in a strong breeze, then you might not get the reception that you were hoping for. Entertainment: This is the traditional domain of the young and hip. Working behind a bar or as a waitron. The options are many and they can extend to playing the hostess at a fancy restaurant or being the DJ. This is a great way to earn money and, because so much of it depends on tips, it is something that you can influence nicely if you have an engaging personality and a willingness to go the extra mile. What is also nice is that it is generally paid in cash which means that there are no tax implications. When you are on your gap year, young and carefree, the last thing that you want to be worrying about is tax and various deductions. Read Also: 8 Useful Tips For Personal Career Development Start Summer Off Right With These 5 Must-Have Accessories

Importance of Learning Data Science

What Is Data Science?