Are you wondering about the hype around Data Science? Data says that it’s not a hype anymore. Glassdoor released its Report of 50 Best jobs in America in 2017. With a job score of 4.8 out of 5, a job satisfaction score of 4.4 out of 5, and a median base salary of $110,000, Data Scientist jobs came in first for the second year in a row.
IBM predicts demand for Data Scientists will soar 28% by 2020.
In this document, the Standard Methodology for Analytical Models (SMAM) is described. A short overview of the SMAM phases can be found in Table 1. The most frequent used methodology is the Cross Industrial Standard Processes for Data Mining (CRISP-DM), which has several shortcomings that translate into frequent friction points with the business when practitioners start building analytical models.