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Data Science Hypes and Reality What is it and how to get started by HelgeBjorland.com Stavanger Data Science Meetup

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Page 1: Data science hypes and reality

Data Science Hypes and RealityWhat is it and how to get started

by

HelgeBjorland.com

Stavanger Data Science Meetup

Page 2: Data science hypes and reality

Why should you care about Data Science?

Page 3: Data science hypes and reality

http://econ.st/1RPH7xv

Page 4: Data science hypes and reality

US search term trends

US Data Science Job Trend

Page 5: Data science hypes and reality

Norwegian search term trends

How will the Norwegian Data Science job trend develop?

Page 6: Data science hypes and reality

Data Science is Critical in Era of Big Data

Avalanche of Data from new

sources with varying types

Data Visualizations

alone can’t find complex

associations

Human brains can predict

events only if limited to a couple of variables

Page 7: Data science hypes and reality

"The purpose of computing is insight, not numbers" - Richard Hamming, 1961

Page 8: Data science hypes and reality

http://bit.ly/1UIOKqc

Page 9: Data science hypes and reality

Data Science – Taking analytics into the future

Data Science

Business Intelligence

Data Warehouse

KPI & Benchmarking

2016-01-259Classification: Internal

Predict the futurePredictive and prescriptive analytics to facilitate forward-looking decision making

An

alyt

ical

mat

uri

ty

Consider past performanceVisual descriptive & diagnostic analytics based on historic performance

Make data available

Decide measures for success

Page 10: Data science hypes and reality

What is Big Data?

Big Data = Crude Oil

Page 11: Data science hypes and reality

What is Data Science?

Data Science = Oil Refinery

Page 12: Data science hypes and reality

Maturing the use casesBetter raw materials give better product

2016-02-0512Classification: Internal

Guideline: How to share data

Question is sharp

Data measures outcome

Data is accurate

Data is connected

A lot of data

bit.ly/1eVuwD9

Page 13: Data science hypes and reality

Data Science: The Science and Art of…

Business Understanding

Data Understanding

Data Preparation

Modeling

Evaluation

DeploymentData Pipeline

Obtainingpredictive,

actionable insightfrom data

Discovering whatwe don’t know from

data

Communicatingrelevant business stories from data

Creating Data Products that have

business impactnow

Building confidence in decisions that drive

business value

http://www.sv-europe.com/crisp-dm-methodology/

Page 14: Data science hypes and reality

http://bit.ly/1tix4mj

Page 15: Data science hypes and reality

Data JujitsuThe art of turning data into product

Data

Data Scientist

Jujitsu fight Data Product

http://oreil.ly/1Y5vyke

Page 16: Data science hypes and reality

Some Oil & Gas use cases

Predictive Maintenance Satelite imaging Network SecurityOptimisation

Seismic Reservoar Drilling Fracking

Page 17: Data science hypes and reality

2014-10-1317Classification: Internal

Competence Process

Tools Collaboration

Bringing it all together

Page 18: Data science hypes and reality

How to get started

Training Experience Curiosity

Resources and training planbit.ly/1qcvHrw

Kagglebit.ly/1l9yjm9

Resourcesbit.ly/1X5yFbI

Page 19: Data science hypes and reality

PASSION!

Page 20: Data science hypes and reality

Possible topics for future meetups

1. Intro to machine learning2. Refining the crude – Preparing big data for machine learning3. Using Tensorflow to create neural networks4. Using Caravel for data exploration5. Time series decomposition & SAX for machine learning6. Process mining7. Efficient data wrangling techniques8. Visualisations J39. Creating data products with R10. Financial forecasting with machine learning

Github repo for planning: bit.ly/1Rvh0tI

Page 21: Data science hypes and reality

In Stavanger and interested in Data Science?

Join the communityhttp://www.meetup.com/Stavanger-Data-Science-Meetup/