How Data Science can create

competitive advantage

Submitted By- Group 1

Baljit Kaur, Anagha Nataraj, Montu Gambhir, Priyanka Yadav
Competitive advantage is vital for any organization to survive. Data
Science provides different ways for competitive advantage
• 1. Speed: Data Science enables organizations to view real time
KPI's and insights from large data sources which was not
possible earlier.
• 2. Volume and Variety of data : Data science makes it possible for
organizations to crunch and process large volumes and types of
data. 
• 3. Forecasting/Future trends: Data science enables organizations
to predict future trends and plan business strategy. Example :
Inventory planning.
• 4. Personalization at scale: Data science makes it possible to
personalize media/promotions for millions of customers. Example
- Amazon, Flipkart etc.
• 5. Efficiency and low cost: organizations want to use data to bring
efficiency and simplify processes. Example : Walmart low
operational cost and strong supply chain. 
Important aspect of Data science is Data
Analytics which help to find market insights
and allows companies to make better
decisions.