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Data Science Applications

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Data Science Applications didn't suddenly start serving a different purpose. Because of quicker computers and less expensive storage, we can now predict outcomes in minutes rather than the many human hours it used to take to process them. – PowerPoint PPT presentation

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Title: Data Science Applications


1
Data Science Applications
Data Science Applications didn't suddenly start
serving a di erent purpose. Because of quicker
computers and less expensive storage, we can now
predict outcomes in minutes rather than the many
human hours it used to take to process them.
What is Data Science? The entire process of
extracting useful information from unstructured
data using ideas like statistical analysis, data
analysis, machine learning techniques, data
modeling, data preparation, etc. is known as data
science. Data science is a ?eld of study where
data is processed using sophisticated statistical
and mathematical theories and machine learning
techniques to produce insights that may be used
to solve real-world issues.
2
Why Data Science?
  • Currently, there is a huge demand for quali?ed
    data scientists across all businesses. They rank
    among the best-paid workers in the IT sector. A
    data scientist earns an average pay of 110,000
    per year, making it the ?nest profession in
    America, according to Glassdoor. Few people have
    the ability to extract useful insights from
    unprocessed data.
  • This data is gathered from all relevant
    resources, including
  • Posts on social media networks that collect
    information from shoppers using sensors in malls
  • Images and movies taken with smartphones are
    digital
  • E-commerce transactions for purchases
  • Big data refers to this information.
  • Huge volumes of data are constantly ?ooding into
    organizations and businesses. Therefore,
    understanding what to do with and how to use this
    data is crucial.
  • The idea of data science is depicted in the image
    above. It combines a variety of abilities,
    including statistics, math, and business domain
    knowledge, and aids organizations in
  • Reducing expenses
  • develop brand-new markets
  • Utilize di erent demographics
  • measure the success of marketing initiatives
  • Introduce fresh goods or services

3
Applications of Data science
  • Health care
  • Data science applications are very helpful for
    the healthcare sector. The ?eld of data science
    is rapidly advancing in the healthcare industry.
    Many areas of the health care industry use data
    science.
  • Medical Image Analysis
  • Drug Development
  • Virtual Assistants and Health bots

Medical Image Analysis Procedures like detecting
malignancies, artery stenosis, and organ
delineation use a variety of methods and
frameworks like MapReduce to ?nd the best
parameters for tasks like lung texture
categorization. It employs machine learning
methods for solid texture classi?cation,
including wavelet analysis, content-based medical
picture indexing, and support vector machines
(SVM).
4
  • Drug Development
  • Data science applications and machine learning
    algorithms streamline and accelerate this
    process, giving a fresh perspective to each step,
    from the ?rst screening of medicinal substances
    to the prediction of the success rate based on
    biological characteristics.
  • Using complex mathematical modeling and
    simulations, these algorithms can forecast how
    the chemical will react in the body in place of
    "lab tests." The construction of computer model
    simulations in the shape of a biologically
    suitable network, which makes it simpler to
    predict future events with high accuracy, is the
    aim of computational drug development.
  • Virtual Assistants and Health bots
  • AI-powered smartphone apps, which are frequently
    chatbots, may be used to provide basic healthcare
    assistance.
  • You only need to describe your symptoms or pose
    a question to learn important details about your
    health state from a wide network of symptoms and
    e ects.
  • Apps can remind you to take your prescription on
    time and, if necessary, make an appointment with
    your doctor.
  • Targeted Advertising
  • If you believed that the most signi?cant
    application of data science was in search, think
    again. Almost anything may be determined using
    data science algorithms, from display banners on
    various websites to digital billboards at
    airports.
  • Because of this, digital advertisements have a
    much higher CTR (Call-Through Rate) than
    traditional advertising. They can be customized
    based on a user's prior behaviors.

5
  • Website Suggestions
  • This engine has been aggressively used by several
    businesses to market their goods depending on
    user interest and relevant information. Internet
    businesses like Amazon, Twitter, Google Play,
    Net?ix, Linkedin, IMDb, and many others employ
    this technique to enhance customer experience.
  • E-Commerce
  • Natural language processing (NLP) and
    recommendation systems are two examples of
    machine learning and data science concepts that
    have signi?cant bene?ts for the e-commerce
    industry.
  • E-commerce platforms may employ these strategies
    to examine customer feedback and transactions in
    order to gather important data for the growth of
    their businesses.
  • They analyze texts and online surveys using
    natural language processing (NLP). It is used in
    collaborative and content-based ?ltering to
    evaluate data and provide better services to its
    customers.
  • Advanced Text and Image Recognition
  • Data science algorithms control speech and image
    recognition. We may observe the fantastic work of
    these algorithms in our daily life. Have you ever
    had a need for a virtual speech assistant like
    Siri, Alexa, or Google Assistant?
  • On the other hand, its speech recognition
    technology is at work in the background, making
    an e ort to understand and assess your words and
    providing helpful results from your use.

6
  • people when you publish a picture of yourself
    with them on your pro?le.
  • Gaming
  • More and more developers are using machine
    learning algorithms to make games that evolve and
    improve as the player advances through the
    stages. In motion gaming, your adversary (the
    computer) also analyses your prior moves and
    modi?es the game accordingly. Data science has
    been employed by companies like EA Sports, Zynga,
    Sony, Nintendo, and Activision-Blizzard to
    advance gaming.
  • Security
  • Data science can be used to strengthen security
    at your business and safeguard important data.
    For instance, banks deploy complex
    machine-learning algorithms to identify fraud
    based on a user's typical ?nancial behavior.
  • These algorithms can identify fraud faster and
    more accurately than individuals because of the
    enormous volume of data generated every day. Such
    algorithms can be used to secure private
    information even if you don't work for a ?nancial
    institution.
  • Understanding data privacy may assist your
    business in avoiding the misuse of and sharing of
    sensitive consumer data including contact
    details, Social Security numbers, and credit card
    numbers.
  • Customer Insights
  • Information on your clients' activities,
    demographics, hobbies, aspirations, and other
    details may be found in their data. With so many
    potential consumer data sources, having a
    rudimentary understanding of data science may
    help make sense of it.

7
every time. Data wrangling is the process of
integrating the data once you have double-checked
that it is accurate from each source. Conclusion
There are other areas where data science can be
applied as well. In addition to these
applications, data science is employed in
marketing, ?nance, human resources, healthcare,
public policy, and any other sector that produces
data. Data science is used by marketing teams to
identify the products that will sell the most.
When analytical thinking and machine learning
algorithms are combined, data can o er insights,
support e ciency measures, and support
projections.
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