Terms Worth Knowing
A data pipeline is a sequence of data processing stages. It begins with adding data to the platform. The data processed at each stage becomes the input for the next step until the pipeline finishes. Sometimes, separate stages run simultaneously. Data infrastructure includes hardware, software, networking, services, and policies that support data use, storage, and sharing.
A data source can be the point where data originates or is first digitised. However, even highly processed data can be a source if another process uses it. A data source could be a database, a file, real-time data from devices, web scraping, or various online static and streaming data services.
A database schema is like the blueprint for a database. The diagrams represent the logical structure of the entire database, specifying how data is organised and interconnected. It also sets rules and restrictions for the data.
ETL, or "Extract, Transform, Load," integrates data and is popular in constructing data warehouses. The process involves extracting data from source systems, transforming it into a format suitable for analysis, and then loading it into a data warehouse or another system. An alternative approach known as "Extract, Load, Transform (ELT)" focuses on processing within the database to enhance performance.
A database is a structured collection of information or data, typically stored in a computer system and managed by a database management system (DBMS). A data warehouse is a specialised data management system created to facilitate and enhance business intelligence (BI) operations, particularly analytics. Data warehouses conduct queries and analysis and store significant amounts of historical data gathered from diverse sources, including application log files and transaction applications.
A data lake is a central storage place for structured and unstructured data. You can save the data without formatting it beforehand and then perform various types of analytics, including dashboards, visualisations, big data processing, real-time analytics, and machine learning, to inform more intelligent decision-making.
A dataset is a collection of data presented in a tabular format, with each column representing a specific variable and each row corresponding to a particular data point. Datasets are essential in data management and can describe values for variables like height, weight, temperature, or random numbers. The individual values in a dataset are referred to as "data points" or "data."
A machine learning (ML) model is software capable of identifying patterns or making decisions when presented with new, unseen data. In natural language processing, these models can analyse and correctly understand the meaning behind sentences or word combinations they haven't encountered before.
Metadata refers to information about data, enhancing its usability and management. Metadata comes in various forms, depending on its purpose, format, quality, and quantity. Common categories include descriptive, structural, administrative, and statistical metadata.
Understanding the Distinction
Data Scientists are the team’s senior members and require deep expertise in machine learning, statistics, and data handling to turn inputs from Data Analysts and Data Engineers into actionable insights. Data Analysts occupy entry-level positions in data analytics teams and excel in translating numeric data into understandable information for the entire organisation. Data Engineers work with Big Data and compile reports to act as intermediaries between Data Analysts and Data Scientists.
Data Architects and Data Engineers usually collaborate within the same team. However, Data Architects create a data framework vision, while Data Engineers bring this vision to life through a physical framework. Data Architects emphasise data modelling and integration, whereas Data Engineers concentrate on software programming.
Tools Often Used
Data Engineers use integration tools such as Apache NiFi and Apache Kafka to manage data ingestion, transformation, and routing for the smooth flow of data. Data storage solutions, including Amazon S3, Amazon Redshift, and Snowflake, store data reliably and are helpful for analytics. Analytical system tools such as Tableau and Databricks help analyse and visualise data, enabling organisations to gain insights. Data Engineers select these tools based on project needs and their tech environment.
Current Scenario
The employment outlook of a particular profession may be impacted by diverse factors, such as the time of year, location, employment turnover, occupational growth, size of the occupation and industry-specific trends and events that affect overall employment.
There is a predicted rise in demand for Data Engineers over the next three years. Finance, insurance, IT, and professional services sectors are expected to have the most job openings. Interestingly, the need for Data Engineers is surpassing that of data scientists because they focus on data infrastructure security and smooth operation.
Potential Pros & Cons of Freelancing vs Full-Time Employment
Freelancing Data Engineers have more flexible work schedules and locations. They fully own the business and can select their projects and clients. However, they experience inconsistent work and cash flow, which means more responsibility, effort and risk.
On the other hand, full-time Data Engineers have company-sponsored health benefits, insurance and retirement plans. They have job security with a fixed, reliable source of income and guidance from their bosses. Yet, they may experience boredom due to a lack of flexibility, ownership and variety.
When deciding between freelancing or being a full-time employee, consider the pros and cons to see what works best for you.