Prediction of 2021 in the field of data science

First thing first, what is data science? Data science is the use of data to make decisions in an
organization. Nowadays, organizations don’t make decisions on intuitions. There are solid data that
backs every decision. This way businesses are able to grow like never before. Data science has
become all the more important after this COVID-19 pandemic.

After coming off the covid-19 pandemic in 2020, one thing becomes clear is that now organizations
are depending more on data than ever before. According to Domino data lab CEO Nick Elprin, now
shops will spend more on data science to get most out of the data.

Elprin says that for overcoming the effects of the covid-19 organization are doing huge budget cuts.
As it will keep their work viable. It is predicted that in 2021 many are going to sustain even some are
going to increase their investment in the field of data science. As it will help to manage the
important business decision which can make the difference between the liquidation and the survival

Ira Cohen co-founder and chief data scientist of Anodot says that now more people are going to
have the title of CDS ( chief data scientist). He says that there are high chances that by 2022, 80-90%
of big international companies will have chief data scientist. In 2021, the data scientist will devote
there time to work differently. More than half will have an eye on revenue generation and they all
also be focused on value creation. Some will look for cost savings and only 22% will focus on risk
mitigation.

Josh Patterson, senior director of RAPIDS engineering of Nvidia, tells data science will become more
empowered in 2021.

For a really long time, data scientists have been assigned for only pre-production progress and
sampling data. People who acquired the title of machine learning expert and data engineer are the
one who checks the workflows in the production, they frequently translate codes from python to
java - said by Patterson. It is predicted that may be in 2021, the data scientist will easily process huge
amount of data speedily and need to have code translators will reduce drastically.

Offering training to their employees is very crucial for companies because data science is a
challenging company. They have to break the mould and have a new job which will be based on new
skills.

an organization focusing on machine learning and AI (artificial intelligence) will continue to show
interest in training datasets that can be put into their ML algorithm, Gaska says. For doing this, they
will move their inconstant datasets into the third part cloud. This will bring pressure for them to
carefully absorb every tiny change found in that data with time in their data ops ecosystem

Rache Roumeliotis who is the vice president of artificial intelligence says that there are high chances
that in 2021 machine learning performance and MLOps will be in great demand. The reason because
of which they are in great demand is that organization is aiming for connecting the last mile in the
field of data science

PhD, CEO and founder of dot data - Ryohei Fujisaki, predicts that in 2021 in spite of practitioners of
data science there will be strong stress on the chances of feature engineering.