data science

Sketch the key concepts of data science in your own words.

Data science is an interdisciplinary field that focuses on extracting knowledge and insights from structured and unstructured data through various scientific methods, algorithms, and systems. The key concepts in data science include: Data Collection and Acquisition: This is the first step in the data science process, where data is gathered from various sources like databases, … Read more

Can you relate how data science is helpful in solving business problems?

Data science is instrumental in solving business problems by leveraging statistical techniques, machine learning, and predictive modeling to extract insights from data. Businesses can make data-driven decisions, predict trends, optimize processes, and personalize customer experiences. For example, a company can use data science to analyze customer purchasing patterns and forecast demand, enabling better inventory management. … Read more