What is data science? Transforming data into value

Data science definition

Data science is a method for gleaning insights from structured and unstructured data using approaches ranging from statistical analysis to machine learning. For most organizations, data science is employed to transform data into value in the form improved revenue, reduced costs, business agility, improved customer experience, the development of new products, and the like.

“The amount of data you can grab, if you want, is immense, but if you’re not doing anything with it, turning it into something interesting, what good is it? Data science is about giving that data a purpose,” says Adam Hunt, chief data scientist at RiskIQ.

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