We've all heard it: according to Hal Varian, statistics is the
next sexy job. Five years ago, in What is Web 2.0, Tim O'Reilly
said that "data is the next Intel Inside." But what does that
statement mean? Why do we suddenly care about statistics and about
data? This report examines the many sides of data science -- the
technologies, the companies and the unique skill sets. The web is
full of "data-driven apps." Almost any e-commerce application is a
data-driven application. There's a database behind a web front end,
and middleware that talks to a number of other databases and data
services (credit card processing companies, banks, and so on). But
merely using data isn't really what we mean by "data science." A
data application acquires its value from the data itself, and
creates more data as a result. It's not just an application with
data; it's a data product. Data science enables the creation of
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