It's a multidisciplinary field that comprises the use of statistical & computational methods to extract insights and information from data. It combines aspects of statistics, computer science, and domain expertise to analyze and interpret complex data sets. You can find applications of data science located across various industries, such as:
Business: Data science extracts customer data insights, develops pricing strategies, and optimizes marketing campaigns.
Healthcare: Data science analyzes medical records, develops predictive disease diagnosis and treatment models, and optimizes healthcare operations.
Finance: Data science benefits the finance sector and can do wonders. It can support fraud detection, portfolio optimization, risk management, and credit scoring.
Manufacturing: Data science is used for predictive maintenance, quality control, and supply chain optimization.
Sports: Sports are also not untouched by Data science. Using data analysis, sports teams can improve performance, predict injury, and scout talent.
Social media: Data science analyzes social media activity, detects sentiment, and develops targeted advertising.