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Most Profitable Data Science Business Ideas of 2024

Knowledge Hut

This can be done by analyzing data to find patterns and trends indicating fraudulent activity and then developing algorithms to detect and flag these activities. This is one of the business ideas data science has immensely contributed to. This is one of the most lucrative data science startup ideas.

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Highest Paying Data Science Jobs in the World

Knowledge Hut

They deploy and maintain database architectures, research new data acquisition opportunities, and maintain development standards. Average Annual Salary of Data Architect On average, a data architect makes $165,583 annually. Data scientists have a wide range of roles and responsibilities that go beyond just analyzing data.

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Data Scientist Salary in India: Based on Location, Company, Experience

Knowledge Hut

Data scientists do more than just model and process structured and unstructured data; they also translate the results into useful strategies for stakeholders. The duties of a data scientist go beyond just processing and analyzing data. They also have a perfect command of statistical software and programming.

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Apache Spark vs MapReduce: A Detailed Comparison

Knowledge Hut

Be it telecommunication, e-commerce, banking, insurance, healthcare, medicine, agriculture, biotechnology, etc. Another use case for MapReduce is de-duplicating data from social networking sites, job sites, and other similar sites. MapReduce is also heavily used in Data mining for Generating the model and then classifying it.

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Data Science vs Artificial Intelligence [Top 10 Differences]

Knowledge Hut

The field of Artificial Intelligence has seen a massive increase in its applications over the past decade, bringing about a huge impact in many fields such as Pharmaceutical, Retail, Telecommunication, energy, etc. Python libraries such as pandas, NumPy, plotly, etc.

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Hadoop Use Cases

ProjectPro

Hadoop allows us to store data that we never stored before. Hadoop Distributed Framework System provided by Cloudera manages all variety of Nokia’s data and processes it in a scale of petabytes. As we have seen in the last couple of examples, the telecommunication industry generates high velocity and volume of data.

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20 Solved End-to-End Big Data Projects with Source Code

ProjectPro

Access Big Data Projects Example Code to Real-Time Tracking of Vehicles 22. Analysis of Network Traffic and Call Data Records There are large chunks of data-making rounds in the telecommunications industry. However, very little of this data is currently being used to improve the business.