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AD3491 - FDSA - Unit - I - Topic 01 - Need For Data Science

Data Science is a field focused on extracting meaningful insights from vast amounts of data, combining statistics, programming, and domain knowledge. It enhances decision-making, automates processes, personalizes user experiences, and addresses complex societal problems. By linking technical capabilities with business needs, Data Science provides organizations with a competitive edge and a strategic asset.

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67 views12 pages

AD3491 - FDSA - Unit - I - Topic 01 - Need For Data Science

Data Science is a field focused on extracting meaningful insights from vast amounts of data, combining statistics, programming, and domain knowledge. It enhances decision-making, automates processes, personalizes user experiences, and addresses complex societal problems. By linking technical capabilities with business needs, Data Science provides organizations with a competitive edge and a strategic asset.

Uploaded by

theophilusindia
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Introduction to

Data Science
UNIT I

Department of AI & DS, VSB College of Engineering Technical Campus, Coim


batore
Data Science

 Data Science is the field of extracting meaningful


insights from data.
 It combines statistics, programming and domain
knowledge.
 A cornerstone of modern decision-making and
innovation.

Department of AI & DS, VSB College of Engineering Technical Campus, Coim


batore
The Need for
Data Science

Department of AI & DS, VSB College of Engineering Technical Campus, Coim


batore
Managing the Growing
Data Volume
 Organizations generate massive amount of data
daily (Big Data).
 Tools and techniques in Data Science manage and
analyze this data efficiently.

Department of AI & DS, VSB College of Engineering Technical Campus, Coim


batore
Extracting Meaningful
Insights
 Data Science turns raw data into actionable
insights.
 Helps in understanding customer behavior and
predicting trends.

Department of AI & DS, VSB College of Engineering Technical Campus, Coim


batore
Enhancing Decision-
Making
 Data-driven decisions are accurate and reliable.
 Predictive analytics helps in forecasting market
trends and risks.

Department of AI & DS, VSB College of Engineering Technical Campus, Coim


batore
Automation and
Optimization
 Automates processes across industries.
 Optimizes logistics, resource management, and
production.

Department of AI & DS, VSB College of Engineering Technical Campus, Coim


batore
Personalization in Products
and Services
 Companies deliver personalized user experiences
using Data Science.
 Examples: Netflix recommendations, targeted
advertising.

Department of AI & DS, VSB College of Engineering Technical Campus, Coim


batore
Addressing Complex
Problems
 Tackles challenges like climate change,
healthcare, and financial fraud.
 Uses advanced modeling and innovative solutions.

Department of AI & DS, VSB College of Engineering Technical Campus, Coim


batore
Bridging Business and
Technology
 Data Science links technical capabilities with
business needs.
 Transforms data into a strategic asset for
companies.

Department of AI & DS, VSB College of Engineering Technical Campus, Coim


batore
Competitive Edge

 Provides organizations with a competitive


advantage.
 Identifies trends, optimizes operations, and
outperforms competitors.

Department of AI & DS, VSB College of Engineering Technical Campus, Coim


batore
Societal Impact

 Applications in public services, disaster


management, and education.
 Examples: Pandemic tracking, improving literacy
rates.

Department of AI & DS, VSB College of Engineering Technical Campus, Coim


batore

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