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Application of Data Science

The document discusses various applications of data science across multiple sectors including banking/finance, healthcare, e-commerce, social media, manufacturing, chatbots, scientific research, and the natural environment. In banking, data science is used for fraud detection, customer support, and targeting offers. In healthcare, it aids data collection, reduces research costs, and facilitates information sharing. E-commerce uses it to understand customer priorities, improve products/delivery, and drive innovation. Social media analysis includes user preferences for predictions, customer outreach, and threat detection. Manufacturing utilizes it for automation, meeting deadlines, and preventing failures. Chatbots recognize speech for classification and response. Scientific research integrates different data types for understanding genetics. Data science

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pallaB ghosh
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61 views

Application of Data Science

The document discusses various applications of data science across multiple sectors including banking/finance, healthcare, e-commerce, social media, manufacturing, chatbots, scientific research, and the natural environment. In banking, data science is used for fraud detection, customer support, and targeting offers. In healthcare, it aids data collection, reduces research costs, and facilitates information sharing. E-commerce uses it to understand customer priorities, improve products/delivery, and drive innovation. Social media analysis includes user preferences for predictions, customer outreach, and threat detection. Manufacturing utilizes it for automation, meeting deadlines, and preventing failures. Chatbots recognize speech for classification and response. Scientific research integrates different data types for understanding genetics. Data science

Uploaded by

pallaB ghosh
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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2.

Application Of Data
Science
2.1 Banking and Finance
Data science has a great impact on the banking and finance sector. In this
sector, data science can be used for the following-

Data science tools can be used for fraud detection.


With the help of data science, banks and financial institutes are now able to
provide better customer support.
Data science tools can be used to analyse patterns and trends and suggest
the customers for offers based on their interest.
Risk modeling through data science is extremely profitable as risk can be
easily tracked and analysed.
2.2 Health Care

Health care is another sector where data science is playing a very significant
role. The various applications of data science in the field of healthcare are –

Data science plays vital roles in collection of data through various adavnced
machines.
Data science can also help in bringing down expenses on research.
Data science can be used to collect medical data and share it on cloud to
minimise effort and time required to find an disease and their treatment.
2.3 e- Commerce

e-commerce companies like Tata Cliq, Amazon, Flipkart etc. mainly focus on
customer experience. For this they need to collect data from each customer,
analyse it and work on it. This is possible only data science in e-commerce
industry are –

Data science tools can be used to predict the customer priorities and
interest.
Improving product quality and design.
Implement innovations in processes, products and deliverirs.
2.4 Social Media

Social media is the field where ample opportunities are available for data
science. The various uses of data science in the social media are-

User’s likes, dislikes, preferences, political and social inclination can be


analysed and used for predictions.
Reaching out to more customers and maintaining their loyalty on the social
media.
Time and location of our social media access help in identifying social threats
such as crime, fake news, terrorism and hate speeches.
2.5 Manufacturing

Manufacturing is an extremely vast and multi-disciplinary field. Because of this,


variety of data can be collected in large amount. Data science can help in very
effective ways in manufacturing sector which are-

Autonomous industrial robots used for repetitive and hazardous work.


Helps in meeting production and delivery deadline.
Reduce machine downtime, enhance equipment effectiveness and prevent
machine failures.
2.6 Chatbots

Chatbots are speech recognition systems which understand requirments of the


users and offer them appropriate responses.

Chatbots recognise human speech, converts it into textual data and


understands it for offering some response.
They have various machine learning algorithms which can be used to classify
the user queries and in return give appropriate responses.
2.7 Scientific Reserch

Data science applications also help in scientific researches especially in genetics


and genomics. The application of data science in this field are-

Data techniques allow integration of differerent kinds of data with genomic


data in decrease reserch.
Using personal genomics data collected, we can have a deeper understanding
of human DNA.
2.8 Natural Environment

Environmental issues and environmental care are important issues nowadays


as they are directly related to our existence on the earth. Data science
technologies can be used in this field in the following manner-

Data science has enabled us in understanding needs of natural environment


using advanced techniques and algorithms which helps us in managing the
environment better.
The data science has revolutionised scientific study of the environment such
as climate change, natural disasters, weather forcasting, increase in pollution,
water scarcity etc.

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