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Data Science

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Data Science

Uploaded by

lacoyow864
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Data Science

DATA:
 Data can be defined as facts or information which when stored, can be used
as a basis for decision making, calculation, or discussion.
 Data can be a number, symbol, or text, which may not mean anything to
individuals on its own.
 However, when data is processed and put in context, they bear a meaning.
This means data can be used for decision-making, calculations, or
discussions. The data then becomes information.

Data Information Knowledge Wisdom (DIKW model):

Data Science:
 Data science is an interdisciplinary academic field that uses statistics,
scientific computing, scientific methods, processes, algorithms and systems
to extract or extrapolate knowledge and insights from noisy, structured,
and unstructured data.

Applications of Data Sciences:


 There exist various applications of Data Science in today’s world. Some of
them are:
Fraud and Risk Detection:
 The earliest applications of data science were in Finance. Companies were
fed up of bad debts and losses every year.
 However, they had a lot of data which use to get collected during the initial
paperwork while sanctioning loans.
 They decided to bring in data scientists in order to rescue them from losses.
 Moreover, it also helped them to push their banking products based on
customer’s purchasing power
Genetics & Genomics:
 Data Science applications also enable an advanced level of treatment
personalization through research in genetics and genomics.
 The goal is to understand the impact of the DNA on our health and find
individual biological connections between genetics, diseases, and drug
response.
Internet Search:
 When we talk about search engines, we think ‘Google’. Right? But there are
many other search engines like Yahoo, Bing, Ask, AOL, and so on.
 All these search engines (including Google) make use of data science
algorithms to deliver the best result for our searched query in the fraction
of a second.
 Considering the fact that Google processes more than 20 petabytes of data
every day, had there been no data science, Google wouldn’t have been the
‘Google’ we know today.
Website Recommendations:
 Aren’t we all used to the suggestions about similar products on Amazon?
 They not only help us find relevant products from billions of products
available with them but also add a lot to the user experience.
 Internet giants like Amazon, Twitter, Google Play, Netflix, LinkedIn, IMDB
and many more use this system to improve the user experience.
 The recommendations are made based on previous search results for a
user.

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