• Need for Data Science:

Data Science is essential for extracting valuable insights and knowledge from large volumes of data. It helps in
making informed decisions, identifying trends, and solving complex problems.
Examples:
Healthcare: Analyzing patient data for personalized treatment plans.
Business: Predicting customer preferences for targeted marketing.

• Where does data come from?

Data can come from various sources, including:
Business transactions
Social media interactions
Sensors and IoT devices
Surveys and feedback
Examples:
E-commerce platforms gather data on customer purchases.
Social media platforms collect user engagement metrics.

• What is Data Science?

Definition: Data Science is an interdisciplinary field that uses scientific methods, processes, algorithms, and
systems to extract knowledge and insights from structured and unstructured data.
Role: Involves data cleaning, exploration, analysis, and interpretation to solve complex problems.
Example: Predictive analytics in finance for stock market trends.

• Who are Data Scientists?

Data Scientists are professionals with expertise in statistics, mathematics, programming, and domain-specific
knowledge. They analyze and interpret complex data to inform business decisions.
Skills in Programming (Python, R), machine learning, statistical modeling required .
Example: A data scientist in a retail company analyzing sales data to optimize inventory.

• Latest Applications of Data Science:

Data Science is applied across various domains. Some latest applications include:
AI in Healthcare: Predictive analytics for disease diagnosis.
Autonomous Vehicles: Data-driven decision-making for navigation.
Fintech: Fraud detection and risk assessment.
Examples:
Chatbots using natural language processing.
Recommender systems in streaming platforms.