“Data Science is about extraction, preparation, analysis, visualization, and maintenance of information. It is a cross-disciplinary field which uses scientific methods and processes to draw insights from data. ”
With the emergence of new technologies, there has been an exponential increase in data. This has created an opportunity to analyze and derive meaningful insights from data.
It requires special expertise of a ‘Data Scientist’ who can use various statistical & machine learning tools to understand and analyze data. A Data Scientist, specializing in Data Science, not only analyzes the data but also uses machine learning algorithms to predict future occurrences of an event.
Therefore, we can understand Data Science as a field that deals with data processing, analysis, and extraction of insights from the data using various statistical methods and computer algorithms. It is a multidisciplinary field that combines mathematics, statistics, and computer science.