Data Scientist

Data Scientist is one of the hottest professions. IBM predicts the demand for Data Scientists will rise by 28% by 2020. Simplilearn's Data Scientist Master’s program co-developed with IBM encourages you to master skills including statistics, hypothesis testing, data mining, clustering, decision trees, linear and logistic regression, data wrangling, data visualization, regression models, Hadoop, Spark, PROC SQL, SAS Macros, recommendation engine, supervised, and unsupervised learning and more.

This Data Scientist Master’s program covers extensive Data Science training, combining online instructor-led classes and self-paced learning co-developed with IBM. The program concludes with a capstone project designed to reinforce the learning by building a real industry product encompassing all the key aspects learned throughout the program. The skills focused on in this program will help prepare you for the role of a Data Scientist.

This Data Scientist Master's program includes 15+ real-life, industry-based projects on different domains to help you master concepts of Data Science and Big Data. A few of the projects that you will be working on are mentioned below:

Capstone Project:

Description: You will go through dedicated mentor classes in order to create a high-quality industry project, solving a real-world problem leveraging the skills and technologies learned throughout the program. The capstone project will cover all the key aspects of data extraction, cleaning, and visualization to model building and tuning. You also get the option of choosing the domain/industry dataset you want to work on from the options available.
After successful submission of the project, you will be awarded a capstone certificate that can be showcased to potential employers as a testament to your learning.

Project 1: Products rating prediction for Amazon

Domain: E-commerce

Amazon, one of the leading US-based e-commerce companies, recommends products within the same category to customers based on their activity and reviews on other similar products. Amazon would like to improve this recommendation engine by predicting ratings for the non-rated products and add them to recommendations accordingly.

Project 2: Improving customer experience for Comcast

Domain: Telecom

Description: Comcast, one of the leading US-based global telecommunication companies wants to improve customer experience by identifying and acting on problem areas that lower customer satisfaction if any. The company is also looking for key recommendations that can be implemented to deliver the best customer experience.

Project 3: Attrition Analysis for IBM

Domain: Workforce Analytics

Description: IBM, one of the leading US-based IT companies, would like to identify the factors that influence the attrition of employees. Based on the parameters identified, the company would also like to build a logistics regression model that can help predict if an employee will churn or not.

Project 4: Predict accurate sales for 45 stores of Walmart, one of the leading US-based leading retail stores, considering the impact of promotional markdown events. Check if macroeconomic factors like CPI, unemployment rate, etc. have an impact on sales.

Domain: Retail

Description: Walmart runs several promotional markdown events throughout the year. The markdowns precede prominent holidays, such as the Super Bowl, Labour Day, Thanksgiving, and Christmas. The weeks including these holidays are weighted five times higher in valuation than non-holiday weeks. The business is facing a challenge due to unforeseen demand, resulting in stocks running out at times due to inaccurate demand estimation. The macroeconomic factors like CPI, Unemployment Index, etc. also play an important role in predicting the demand, but the business hasn’t been able to leverage these factors yet. As a part of this project, create a model to highlight the effects of markdowns on holiday weeks.

Project 5: Learn how leading Healthcare industry leaders make use of Data Science to leverage their business.

Domain: HealthCare

Description: Predictive analytics can be used in healthcare to mediate hospital readmissions. In healthcare and other industries, predictors are most useful when they can be brought into action. However, historical and real-time data alone are worthless without intervention. More importantly, to judge the efficiency and value of forecasting a trend and ultimately changing behavior, both the predictor and the intervention must be integrated back into the same system and workflow where the trend originally occurred.

Project 6: Understand how Insurance leaders like Berkshire Hathaway, AIG, AXA, etc. make use of Data Science by working on a real-life project based on Insurance.

Domain: Insurance

Description: The use of predictive analytics has increased greatly in insurance businesses, especially for the biggest companies, according to the 2013 Insurance Predictive Modeling Survey. While the survey showed an increase in predictive modeling throughout the industry, all the respondents from companies that write over $1 billion in personal insurance employ predictive modeling, compared to 69% of companies with less than that amount of premium.

Project 7: See how banks like Citigroup, Bank of America, ICICI, HDFC, etc. make use of Data Science to stay ahead of the competition. 

Domain: Banking

Description: A Portuguese banking institution ran a marketing campaign to convince potential customers to invest in a bank term deposit. Its marketing campaigns were conducted through phone calls, and sometimes the same customer was contacted more than once. Your job is to analyze the data collected from the marketing campaign.

Project 8: Learn how Stock Markets, such as NASDAQ, NSE, and BSE leverage Data Science and Analytics to arrive at consumable data from complex datasets.

Domain: Stock Market

Description: You need to import data using Yahoo data reader of the following companies: Yahoo, Apple, Amazon, Microsoft, and Google. Perform fundamental analytics including plotting closing price, plotting stock trade by volume, performing daily return analysis, and using pair plot to show the correlation between all the stocks.

Project 9: See how Data Science is used in the field of engineering by taking up this case study of MovieLens Dataset Analysis.

Domain: Engineering

Description: The GroupLens Research Project is a research group in the Department of Computer Science and Engineering at the University of Minnesota. The researchers of this group are involved in many research projects related to the fields of information filtering, collaborative filtering, and recommender systems.

Project 10: Understand how leading retail companies like Walmart, Amazon, Target, etc. make use of Data Science to analyze and optimize their product placements and inventory.

Domain: Retail

Description: Analytics is used in optimizing product placements on shelves or optimization of inventory to be kept in the warehouses using industry examples. Through this project, participants learn the daily cycle of product optimization from the shelves to the warehouse. This gives them insights into regular occurrences in the retail sector.

The Data Science role requires an amalgam of experience, data science knowledge, and correct tools and technologies. It is a solid career choice for both new and experienced professionals. Aspiring professionals of any educational background with an analytical frame of mind are most suited to pursue the Data Science course, including:

• IT Professionals
• Analytics Managers
• Business Analysts
• Banking and Finance Professionals
• Marketing Managers
• Supply Chain Network Managers
• Beginners or Recent Graduates in Bachelors or Master’s Degree