Why do we need data science

Question 1

Why do we need data science?

Answer 1

Data science focuses on the ways people can understand and use data and enables companies to make smarter business decisions

Question 2

Where can data be collected?

Answer 2

Customers, sensors & social media

Question 3

How does data science benefit a business in its decision-making process?

Answer 3

-It enables it to improve its decision-making
-amplifies profitability
-enhances operational efficiency, business routine, and workflow

Question 4

How does data science benefit a business in terms of its customer-related aspect?

Answer 4

-DS recognizes and informs companies of their target audiences and assists the automated aspect of HR recruitment which enables the business to perform more accurately in tasks like short-listing candidates throughout the hiring process

Question 5

How does data science benefit shipment companies?

Answer 5

Helps them discover the optimum transportation, routes, and delivery times

Question 6

How does data science benefit banking institutions

Answer 6

Helps them optimize their fraud detection process