3. Explanation
Data science can be
defined as a blend of
mathematics, business
acumen, tools,
algorithm and machine
learning techniques, all
of which help us in
finding out the hidden
insights or patterns
from raw data which
can be of major use in
the formation of big
business decisions.
4. Applications
of data
science
It is used in many
industries these
days, ranging from
entertainment to
education.
MANUFACTURING
-- predicting potential problems.
-- automatic manufacturing units.
E-COMMERCE
-- identifying consumers.
-- recommending products.
BANKING
-- fraud detection.
-- credit risk modelling.
TRANSPORT
-- enhancing safety of passengers.
-- car monitoring system.
HEALTHCARE
-- drug discovery
-- virtual assistance
