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Data Science
ience Applications, Challenges and
nd
Related Future Technology
Deepak Chahal1, Shivam Goel2, Atanu Maity2
1
Professor, 2Student
Jagan Institute off Management Studies, Rohini, New Delhi, India
ABSTRACT 1. INTRODUCTION
Data Science is a field that uses algorithms, scientific Data Science is a blend of various tools,
methods and system to extract knowledge. It also uses algorithms, and machine learning principles with the
various techniques from mathematics, statistics, goal to discover hidden patterns from the raw data. In
computer science and information
formation science. It has its most basic terms, it can be defined as obtaining
various application like Recommender Systems, insights and information, really anything of value, out
Image Recognition, Speech Recognition, Gaming, of data. Data science, when applied to different fields
Airline Route Planning, Fraud and Risk Detection, can lead to incredible new insights.This
insights. aspect of data
Delivery Logistics. The entire digital marketing science is all about uncovering findings from data.
spectrum. Starting from the display ba banners on Diving in at a granular level to mine and understand
various websites to the digital bill boards at the complex behaviour’s, trends, and inferences.
inferenc It's about
airports – almost all of them are decided by using data surfacing hidden insight that can help enable
science algorithms. companies to make smarter business decisions [1].
There is various calculation which we have to do in misconception is that data science all about statistics.
data that can be expressed mathematically. Solutions While statistics is important, it is not the only type of
of many business problems involve building analytic math utilized. First, there are two branches of
models are heavily dependent on math, where being statistics classical statistics and Bayesian statistics.
able to understand the underlying mechanics of those When most people refer to stats they are generally
models is key to success in building them. Also, a referring to classical stats,, but knowledge of both