What is data science? Transforming data into value

What is data science? Data science is a method for gleaning insights from structured and unstructured data using approaches ranging from statistical analysis to machine learning. For most organizations, it is employed to transform data into value in the form of improved revenue, reduced costs, business agility, improved customer experience, the development of new products, and the like. Data science gives the data collected by an organization a purpose. Data science vs. data analytics While closely related, data analytics is a component of data science, used to understand what an organization’s data looks like. Data science takes the output of analytics to solve problems. Data scientists say that investigating something with data is simply analysis. Data science takes analysis another step to explain and solve problems. The difference between data analytics and data science is also one of timescale. Data analytics describes the current state of reality, whereas data science uses that data to predict and/or understand the future.

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