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Data science has exploded in recent years as a field that extracts valuable insights from data to solve complex business problems. According to a 2021 report from Gartner, demand for data and analytics capabilities will set to increase five times by 2024. As businesses become more data-driven and the volume of data continues growing exponentially, data science will only increase in importance over the next few years. 2024 is positioned to mark a notable milestone in which modeling, algorithms, and infrastructure could propel data science into an even more vital strategic function impacting a variety of industries.

Given the surge of big data in motion from IoT sensors, social platforms, mobile devices, and other sources, AI and ML will be integral to efficient advanced analysis. Augmented analytics leverages autonomous techniques so people can shift from doing repetitive tasks to higher cognitive skill sets of critical thinking, insight discovery, and decision evaluation. As Gartner predicts, by 2025 over 50% of analytics queries will be generated using search or NLP-driven interactions rather than code-based authoring.

and visual-based exploration tools will empower business users without technical skills to access, interpret, and interact easily with data. This democratization will facilitate data literacy as analytics permeates across the organization. Metrics and dashboard customization will adapt to various personas and workflows through auto-generated content and recommendations. Predictive modeling will also progress more accessible and transparent self-service offerings as oversight requirements for trust and fairness increase.

While augmented analytics offloads the drudgery, it aims to elevate human judgment and creativity. The symbiotic combination of AI with people who relate context to numbers will lead to the most impactful, nuanced analysis ultimately guiding business strategy. Machines cannot wholly replace human emotion, acumen and domain expertise. As analytics becomes pervasive across enterprises, data science skills to discern high-value problems

Read more:

Data Science in 2024: An Evolving Frontier for Analytics and Insights. - Medium