User:Geetika Baluja/sandbox/Data Science

DATA SCIENCE

Data science is a multidisciplinary combination of data analysis, algorithm development, and technology in order to solve analytically complex problems. It is a broad field that uses scientific methods, processes, algorithms and systems to extract knowledge and insights from structured as well as unstructured data. Extracting and then studying the data helps in making decisions. So, Data Science helps in providing meaningful information from a big heap of complex data. Data Science is the future of Artificial Intelligence. It can change the ideas of Hollywood sci-fi movies into reality. With the help of Data Science, a mere chunk of data can turn out to be a valuable resource in the creation of business and IT strategies. The data which is extracted or studied can be structured or unstructured. Mining large amounts of structured and unstructured data to identify patterns can help an organization rein in costs, increase efficiencies, recognize new market opportunities and increase the organization's competitive advantage. This field employs mathematics, statistics and computer science disciplines, and incorporates techniques like machine learning, cluster analysis, data mining and visualization. So one needs to have an expertise and strong hold on these subjects in order to develop the methods, algorithms and mechanisms required to extract useful information.