Data Science Trends and Challenges

The video explores data science as a rising career, driven by high demand and low supply. It highlights the role of data science in companies like Google, Amazon, and Facebook, and discusses the need for more professionals in the field. The 365 Data Science program aims to bridge this gap by offering training to aspiring data scientists.

What year was the data scientist job first recognized as the best job on the market according to Glassdoor?

• 2018

• 2015

• 2016

• 2017

What economic principle is primarily responsible for the high salaries in data science?

• Inflation

• Supply and Demand

• Market Competition

• Government Regulation

Which tool is NOT mentioned as a data visualization tool in the video?

• SPSS

• Google Analytics

• Microsoft Power BI

• Tableau

What is one reason for the increasing demand for data science professionals?

• Decrease in technology costs

• Rise in data-driven decision-making

• Increase in traditional marketing

• Decline in computer science jobs

Which company uses data science to predict product purchases and optimize delivery?

• Facebook

• Amazon

• Microsoft

• Google

How does Facebook utilize data science for its business model?

• Through offline marketing

• By developing new hardware

• Through targeted advertising

• By creating new social networks

What is a major challenge in the supply of data science professionals?

• Limited job opportunities

• High cost of data science tools

• Insufficient educational programs

• Lack of interest in the field

How do most people currently enter the field of data science?

• Through traditional university programs

• By transitioning from other fields

• Via government training programs

• Through high school education

What is the predicted trend for data science demand and supply?

• Demand will decrease, supply will increase

• Both demand and supply will decrease

• Supply will surpass demand

• Demand will continue to outgrow supply

Why is it crucial for businesses to adopt data science tools?

• To reduce employee numbers

• To stay competitive and avoid losing market share

• To increase product prices

• To eliminate traditional marketing