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What is /sci/'s opinion of Data Science? I work in claims

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Thread replies: 18
Thread images: 6

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What is /sci/'s opinion of Data Science? I work in claims analytics for an insurance company and they're flooding our department with money to buy data from vendors. It's like executives got sold on big data from consultants or something. As far as I can tell it's just statistics + exploiting massive computation power.
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I too have wondered about these two new memes, data science and big data.

In recent months I've seen city buses where the entire bus is plastered by a local university's masters in data science degree so there's a lot of money behind the meme.
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>>7787167
The infographs made about data science and data scientists certainly don't help to dispel the accusations of memery.
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>>7787179
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>>7787180
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>>7787182
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>>7787184
is that dude wearing fkn suspenders

this meme needs to stop
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>>7787179
>>7787180
>>7787182
>>7787184
>filename
well played
we need to get rid of these ego bias confirmation threads
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>>7787079
Studying Data Science now. Data science CAN be useful, but probably often isn't.
The name itself is a meme, no one is sure what a data scientist is or what a data scientist does. Most of the people billing themselves as data scientists aren't data scientists; they're just programmers who want more pay. The reason it pays so well is because it uses so many business buzzwords- you have to be fluent in bullshit if you want a job as a data scientist, which is why it's hard to tell who is or isn't a data scientist.
An actual data scientist will be messing around with unstructured data for a lot of their time, then taking the useful data and applying various machine learning algorithms to find one which gives the best results and hopefully produces something that their employer can use- but obviously not every data scientist can deliver something useful, not all data is useful and the return on the investment in a data science team may not be worth it for some smaller companies- so it's kind of in a bubble right now, and while it's obvious big data analysis is useful, no one can tell you what it's worth.
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>>7787486
tl;dr
Glorified statistician who knows what a NoSQL database is, and can code.
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>>7787489
And is able to understand a market, but yes it's pretty much that.
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>>7787079
>>7787167
>>7787179
>>7787180
>>7787182

Where the fuck do all these images come from?
>inb4 look source
No, I mean why? Why are people paying artists to do this? And why data science? Why not other professions.

I just looks like another cheap attempt from big software companies to make a high paying mainstream so that they can lower wages with the excuse of 'market inflation'.

Pathetic.
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Relevant to this thread: http://courses.csail.mit.edu/18.337/2015/docs/50YearsDataScience.pdf
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>>7787934

Huge demand for data scientists, very few people who can be data scientists, let alone heard of data science.
The pictures are likely supposed to motivate people to choose to study data science, much the same way you have similar pictures like this used to motivate girls to study mathematical subjects.
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>>7787079
nice propaganda faggot man
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>>7787079
Data science is a word used to make stats sound new again.
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>>7789585
This to be desu senpai
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>>7787182
>A true data scientist can spot the real deal
Kek, every single stat in that is wrong or misleading.
Thread posts: 18
Thread images: 6


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