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How Analytics and Data Science Improve Your Business Efficiency

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Rahul Asthana
How Analytics and Data Science Improve Your Business Efficiency

Techopedia defines data science as:

“[…] a broad field that refers to the collective processes, theories, concepts, tools, and technologies that enable the review, analysis, and extraction of valuable knowledge and information from raw data.

It is geared toward helping individuals and organizations make better decisions from stored, consumed, and managed data.”

The term was once commonly known as datalogy, but since the idea of studying massive amounts of data for use by marketing entities became a much more practical reality due to AI and machine learning, a more accessible term, “data science” has become the norm.

While the definition of data science covers analysis, we would do well to consider data analysis as defined by Techopedia.

Data is extracted and categorized to identify and analyze behavioral data and patterns, and techniques vary according to organizational requirements.”

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Rahul Asthana
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