Fun Facts About Data Science
- The average salary for a data scientist, according to the Bureau of Labor Statistics, is $100,000 while an analyst is $70,000.
- According to the Bureau of Labor Statistics, by 2026, about 11.5 million jobs would be created for data science.
- The UK’s National Health Service has stated by 2040, 90% of their staff will be data literate.
- The Wyss Institute in Boston has developed AI-powered bees to monitor crop pollination, climate, and surveillance.
- To download all the information from the internet today, it would take 181 million years.
- Every 2 days we create as much information as we did from the beginning of time to 2003.
- The demand-to-job ratio for data science right now is 3 to 1.
- There are nearly as many pieces of digital information as there are stars in the universe.
- Less than 0.5% of all data we create is ever used or analyzed.
- According to the Digital 2022 Global Overview Report, the world will spend over 12 ½ trillion hours on the internet in 2022 alone.
- According to PragmaticWorks, global businesses lose about 20-35% of their operating revenue from poor-quality data.
- Before data science had been fully developed, it had taken researchers 11-12 years to complete the processing of millions of test cases. That timeline has been shortened to months and even weeks.
- Data science has helped improve diagnostic accuracy for several health problems. The company, Enlitic, uses data science to read x-rays and CT scans to get 70% more accurate results 50,000 times faster.
- 75% of data scientists use Python as the main coding language. While had been popular in the past, only 10% use Java-based and 15% use Javascript based.
- 80% of data scientists arrange, clean, and restructure the data while only 20% actually analyze it.
- Nearly 80% of public domain data is analyzed by enterprises.
- Poor data can cost the US government about $3.1 trillion a year.
- 97.2% of companies have stated they are investing in data and AI.
- Big data in healthcare analytics is growing with a CAGR of 19% (compound annual growth rate).
- If you burned all the data created in 1 day into DVDs, you could stack them on top of each other to reach the moon twice.