Is data science the same as statistics?
๐ The confusion continues till date ๐ The growth of data has been exponential. According to an IBM report, 2.5 quintillion bytes of data are created per day. This has created a new class of professionals — data scientists. The question is, is data science another ‘hot’ job or a new form of science? In the Hollywood movie 21, six students, brilliant with numbers, make money at the blackjack tables of Las Vegas casinos by using numbers, codes, and hand gestures. Can we call them data scientists? ๐The ‘fourth paradigm’ In 2009, pioneering computer scientist Jim Gray argued that data science is the “fourth paradigm” of science, the other three being empirical, theoretical and computational paradigms. In terms of the volume of data to be handled nowadays, it certainly sounds sensible. However, data have always played a major role in scientific developments and the growth of knowledge, not just now. About two centuries ago, Charles Darwin’s theory of natural selection was la...