What is data science?
Data science is a multidisciplinary approach to extracting actionable insights from today’s organizations’ large and ever-increasing volumes of collected and created data. Data science encompasses preparing data for analysis and processing, performing advanced data analysis, and presenting the results to reveal patterns and enable stakeholders to draw informed conclusions.
What is the data science lifecycle?
- Problem identification
- Business understanding
- Data acquisition – ETL (Extracting, Transforming, Loading the data)
- Data understanding – EDA (Exploratory Data Analysis)
- Feature engineering
- Model training
- Model deployment
- Model monitoring