We are living in the age of data. In fact, we are now living the age of bog data. It is more than just a word that you throw in to sound credible and impressive. Data plays an important role in our modern lives without we even realizing it. What exactly is data or data mining? Or how can we be a part of it and earn a good amount of money? Let’s find this out here.
What Is Data Mining?
We are bombarded with data on daily basis in our lives. Every internet user leaves digital data in cyberspace. The idea here is to use that data in a productive way by the companies for their collective good. This is data mining in the simplest of words.
For a more academic understanding of the concept of data mining, we can say that it is the analysis of the data, finding out its meaning, and making sense of the systemic and systematic patterns hidden in it.
Data mining might sound like a novel thing, but the concept has been around for a long time. Companies have been using data management systems for decades now and making decisions based on them. With the advancement of digital technologies and the arrival of concepts like big data, data mining has attained a significant position and is now a much sought-after skill and career proposition.
Benefits of Data Mining
Companies use the information provided by the data and analyze it to make more informed and meaningful decisions. Data mining helps the companies in;
- Increasing their productivity and profitability
- Reducing risks and losses
- Detecting frauds
- Understanding and predicting the customers’ spending behavior and other such patterns
- Taking bold marketing initiatives
- Branding or rebranding of their products and services, etc.
What Are the Duties and Responsibilities of a Data Mining Specialist?
A data mining specialist researches collects, analyzes, and interprets the data. He presents the result of his analysis and the interpretation in the form of readable graphs. He uses statistical software for this purpose. A data mining specialist helps its organization make a more informed decision, come up with creative solutions, and bolster the operational competitiveness of the companies. The typical responsibilities of a data mining specialist may include;
- Doing data analysis and research
- Use statistical models and techniques to hunt new opportunities and increase productivity
- Studying consumer behavior, finding common threads in it, and coming up with the ways to improve the organization’s product or service based on that.
- Presenting the interpretation of its findings and how it can be used to increase profitability
- Recommending a course of action to do things better for the collective good of all the stakeholders
Becoming a Data Mining Specialist
As we discussed earlier, data mining is becoming a prized profession with the potential for growth. To become a data mining specialist, you have to possess certain personal and professional attributes which we present to you below;
If you are able to analyze things and events quickly, interpret them, and arrive at a conclusion quickly then you can be a good data mining expert.
Good with Numbers
In addition to having an analytical mind, you ought to be good with figures and numbers. You should feel at home when confronted with them and able to read, write, and understand them easily.
Join A Data Mining Course
To be a successful data mining specialist you need to gain in-depth knowledge about it. For this, you will have to enroll yourself in a good data mining course. You will acquire academic and practical knowledge about the subject and learn all the nitty-gritty of it. You must master software like SQL, TSQL, PL/SQL, SAS, Hadoop, and NoSQL. You cannot acquire all this knowledge by reading a book or two about the subject. You will require good tutoring on the subject by an expert. For an insightful data mining course, you can enroll here
Be a Good Programmer
A data mining expert should also be a good programmer. He should know to program in languages like Php, Java, Perl, R, Python, etc. Ideally, he should be a master in at least one of these languages. You cannot avoid programming if you want to be a good data mining expert. You will use programming to use the software mentioned above and statistical techniques to analyze and interpret the data.
Information Management and Operating Systems
A data mining expert will make use of information coming to him from different sources. The quantum of this information can be overwhelming. The data mining expert should know how to handle and manage loads of data. For that, he needs to be familiar with the operating systems designed for such jobs. There are many such operating systems; Linux being a popular one. You should be able to work in that operating system and use it well.
Knowledge of Statistics
Next comes the knowledge about the subject of statistics. To analyze the data, the data mining specialist will need to use different statistical concepts. These include regression, probability, linear algebra, correlation, etc. These are basic statistics, but without knowing them you cannot apply them so their knowledge is important for a data mining expert.
Communication and Presentation Skills
These are an important set of skillsets that a data mining expert needs to possess. He should be able to present his ideas in a logical and legible way. What good is all the insightful analysis when the person you are talking to cannot understand it? You have to present your recommendations in a non-technical way without sounding too bland. To strike this balance, you need to have strong communication and presentation skills.
Problem-solving does not stop at presenting solutions to the main problem you have been assigned by your company or client. But solutions to many other auxiliary and ancillary problems that you are likely to encounter during your problem-solving sojourn. These can be technical glitches, operational difficulties, and many other roadblocks. A good data mining expert overcomes all such obstacles with knowledge, skills, and experience.
Data mining is a rewarding and growing profession. You can earn professional accolades and a good amount of money by gaining expertise in it. Joining a good data science course will help you get the necessary skills and knowledge to excel in your field professionally.