Data science is a study of data that uses scientific methods, processes, algorithms and systems to extract knowledge and insights from many structural and unstructured data.
Many small as well as large enterprises are striving to be data-driven organizations. Data is an unmistakable asset that key strategic and business decisions can be based on. This is where data science can provide many answers. With a radical increase in the amount of data, using machine learning algorithms and AI, data science can predict, recommend, and provide functional insights to deliver high ROI on data initiatives.
Some of the ways Data Science can be used for:
Prediction
Suggestions
Forecast
Recognition
Insights
Anomaly detection
Pattern detection
Decision making