Data is the new oil and data science is the only way to turn mine into something useful. Just like we are made of carbon, the business world is made out of information. Gigantic amounts of information from the market, products, customers and operations. But all this information or raw data only becomes actionable when data science comes into play. Businesses collect tons of information every second and of every aspect through text, images, audio and video. Data Science is the study of data to extract meaningful and actionable insights from raw data. It works through a combination of multidisciplinary approaches like data mining, statistical analysis, machine learning and computational techniques. Data scientists rely on tools such as Python, R, SQL, and various specialised software to sift through large amounts of data. They design algorithms and produce visualisations that assist businesses in understanding complex patterns and making predictions based on data-driven…
