Now, these are some general trends in Data Science and Analytics that will be observed in 2021 and the coming years. However, there are many ways in which Data Science is changing the shape of different industries like marketing, finance, etc. Given enough time, Data Science might be a part of all the industries in the world, not just tech! So let’s understand the role of this technology in different industries.
FinTech is a technology trend that is becoming more and more popular with time. It involved finance companies using cutting edge technology like Data Science and Artificial Intelligence to improve in areas like risk analytics, fraud detection, algorithmic trading, etc. Many big banks and finance companies use Data Science to analyze their large store of data to optimize their risk scoring models and decrease their risks. This data can include financial transactions, lending schemes, interest rates, customer interactions, customer trustworthiness, etc.
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As you have seen, there are various new Data Science and Analytics trends emerging in 2021. You can leverage them to learn more about Data Science and improve your career using the data science courses offered by Great Learning in collaboration with The University of Texas. These programs will teach you right from the basics of Data Science such as Python, Business Statistical, and Data Visualization to various techniques of Machine Learning such as Supervised and Unsupervised algorithms. You will also get direct domain exposure by doing projects relating to Data Science in different industries like Marketing and Retail, Web and Social Media Analytics, Supply Chain and Logistics, and Finance and Risk Analytics. Some of these projects include Facebook Comments Prediction, Retail Sales Prediction, Insurance Data Visualization, etc.