Definition | Field focused on extracting insights from data using statistical, mathematical, and computational methods. | Subfield of AI focused on designing algorithms that learn from and make predictions or decisions based on data. |
Goal | To analyze and interpret data to gain insights and drive business decisions. | To enable systems to learn patterns from data and make accurate predictions or automate tasks. |
Data Handling | Involves handling raw, unstructured, structured, and big data. | Primarily uses structured data for training models. |
Techniques | Statistical analysis, data visualization, data preprocessing, data cleaning. | Algorithms like supervised learning, unsupervised learning, reinforcement learning. |
Industrial Sectors | Healthcare, finance, e-commerce, marketing, government. | Autonomous vehicles, robotics, finance, healthcare, image recognition. |
Skills Required | Statistical analysis, data wrangling, programming, storytelling. | Strong programming, algorithm design, and mathematical skills. |
Key Processes | Data cleaning, data exploration, visualization, reporting. | Model training, model evaluation, hyperparameter tuning, deployment. |