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Data Science is an interdisciplinary field that leverages statistical analysis, data exploration, and machine learning techniques to derive knowledge and meaningful insights from data. Definition of Data Science:Data Science encompasses various processes, including data acquisition, thorough analysis, and informed decision-making. Data Science involves the identification and interpretation of data patterns to make predictive assessments.
Through the application of Data Science, organizations can achieve:1. Improved decision-making processes, enabling the selection between alternatives (A or B) with greater confidence. 2.
Predictive analysis that anticipates future events or trends, aiding in proactive planning. 3. Discovery of hidden patterns and valuable information within datasets, leading to actionable insights.
Applications of Data Science:Data Science finds extensive application across diverse industries such as banking, consultancy, healthcare, and manufacturing. Examples of Data Science applications include:1. Optimizing route planning for shipping purposes.
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