Data science can be used for almost anything and everything in today’s world, and why not? Every industry is producing and collecting a huge amount of data every day using faster computers. Though data analytics is not a new idea using sophisticated tools and using it as a regular business process is a new thing.
Domestically last year analytics industry earned $1.27 billion, and this number proves how data science is growing at an exponential rate. Thanks to several programmed and successful tools, day to day activities of a data scientist have become easier and a lot more efficient. And this is the reason why every sector is using analytics for appreciating their business value.
APPLICATIONS OF DATA SCIENCE
Using analytics at the right time for decision making and analytical problem solving can optimize the performance of the business by building brand value, communicating with customers and client, increasing customer retention and satisfaction, identifying market opportunities for new product and by checking the performance of an innovation.