1 / 7

Data Science Applications

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.<br><br>

login360chennai
Download Presentation

Data Science Applications

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. DataScienceApplications DataScienceApplicationsdidn'tsuddenlystartservingadierentpurpose. Becauseofquickercomputersandlessexpensivestorage, we cannow predictoutcomesinminutesratherthanthemanyhumanhoursitusedto taketoprocessthem. WhatisDataScience? Theentireprocessofextractingusefulinformationfromunstructureddata usingideaslikestatisticalanalysis,dataanalysis,machinelearning techniques,datamodeling,datapreparation,etc.isknownasdatascience. Datascienceisafieldofstudywheredataisprocessedusingsophisticated statisticalandmathematicaltheoriesandmachinelearningtechniquesto produceinsightsthatmaybeusedtosolvereal-worldissues.

  2. Why Data Science? • Currently,thereisahugedemandforqualifieddatascientistsacrossall businesses.Theyrankamongthebest-paid workersintheITsector.Adata scientistearnsanaverage payof$110,000peryear,makingitthefinest professioninAmerica,accordingtoGlassdoor.Fewpeoplehavetheability toextractusefulinsightsfromunprocesseddata. • Thisdataisgatheredfromallrelevantresources,including • Postsonsocialmedianetworksthatcollectinformationfrom shoppersusingsensorsinmalls • Imagesandmoviestakenwithsmartphonesaredigital • E-commercetransactionsforpurchases • Bigdatareferstothisinformation. • Hugevolumesofdataareconstantlyfloodingintoorganizationsand businesses.Therefore,understandingwhatto dowithandhowtousethis dataiscrucial. • Theideaofdatascienceisdepictedintheimageabove.Itcombinesavariety ofabilities,includingstatistics,math,andbusinessdomainknowledge,and aidsorganizationsin: • Reducingexpenses • developbrand-newmarkets • Utilizedierentdemographics • measurethesuccessofmarketinginitiatives • Introducefreshgoodsorservices

  3. Applications of Data science • Healthcare • Datascienceapplicationsareveryhelpfulforthehealthcaresector.Thefield ofdatascienceisrapidlyadvancinginthehealthcareindustry.Manyareasofthehealthcareindustryusedatascience. • MedicalImageAnalysis • DrugDevelopment • Virtual Assistants andHealthbots MedicalImageAnalysis Procedureslikedetectingmalignancies,arterystenosis,andorgan delineationuseavarietyofmethodsandframeworkslikeMapReduceto findthebestparametersfortaskslikelungtexturecategorization.It employsmachinelearningmethodsforsolidtextureclassification, includingwaveletanalysis,content-basedmedicalpictureindexing,and supportvectormachines(SVM).

  4. DrugDevelopment • Datascienceapplicationsandmachinelearningalgorithmsstreamlineand acceleratethisprocess,givingafreshperspectivetoeachstep,fromthe firstscreeningofmedicinalsubstancestothepredictionofthesuccessrate basedonbiologicalcharacteristics. • Usingcomplexmathematicalmodelingandsimulations,thesealgorithms canforecasthowthechemicalwillreactinthebodyinplaceof"labtests." Theconstructionofcomputermodelsimulationsintheshapeofa biologicallysuitablenetwork,whichmakesitsimplertopredictfuture eventswithhighaccuracy,istheaimofcomputationaldrugdevelopment. • VirtualAssistantsandHealth bots • AI-poweredsmartphoneapps,whicharefrequentlychatbots,maybe usedtoprovidebasichealthcareassistance. • Youonlyneedtodescribeyoursymptomsorposeaquestiontolearn importantdetailsaboutyourhealthstatefromawidenetworkof symptomsandeects. • Appscanremindyoutotakeyourprescriptionontimeand,if necessary,makeanappointmentwithyourdoctor. • TargetedAdvertising • Ifyoubelievedthatthemostsignificantapplicationofdatascience wasinsearch,thinkagain.Almostanythingmaybedeterminedusing datasciencealgorithms,fromdisplaybannersonvariouswebsitesto digitalbillboardsatairports. • Becauseofthis,digitaladvertisementshaveamuchhigherCTR (Call-ThroughRate)thantraditionaladvertising.Theycanbe customizedbasedonauser'spriorbehaviors. • Thisexplainswhy,inthesamelocation,while youmightsee marketingfordatasciencetrainingprograms,someoneelsemight seeadvertisementsforclothing.

  5. WebsiteSuggestions • Thisenginehasbeenaggressivelyusedby severalbusinessesto markettheirgoodsdependingonuserinterestandrelevant information.InternetbusinesseslikeAmazon,Twitter,GooglePlay, Netflix,Linkedin,IMDb,andmanyothersemploythistechniqueto enhancecustomerexperience. • E-Commerce • Naturallanguageprocessing(NLP)andrecommendationsystemsare twoexamplesofmachinelearninganddatascienceconceptsthat havesignificantbenefitsforthee-commerceindustry. • E-commerceplatformsmayemploythesestrategiestoexamine customerfeedbackandtransactionsinordertogatherimportantdata forthegrowthoftheirbusinesses. • Theyanalyzetextsandonlinesurveysusingnaturallanguage processing(NLP).Itisusedincollaborativeandcontent-based filteringtoevaluatedataandprovidebetterservicestoitscustomers. • AdvancedTextandImageRecognition • Datasciencealgorithmscontrolspeechandimagerecognition.We mayobservethefantasticworkofthesealgorithmsinourdailylife. HaveyoueverhadaneedforavirtualspeechassistantlikeSiri,Alexa, orGoogleAssistant? • Ontheotherhand,itsspeechrecognitiontechnologyisatworkinthe background,makinganeorttounderstandandassessyourwords andprovidinghelpfulresultsfromyouruse. • Amongothersocialnetworkingsites,imagerecognitioncanbefound onFacebook,Instagram,andTwitter.Theseapplicationsoertotag

  6. peoplewhen you publishapictureofyourselfwiththemonyour profile. • Gaming • Moreandmoredevelopersareusingmachinelearningalgorithmsto makegamesthatevolveandimproveastheplayeradvancesthrough thestages.Inmotiongaming,youradversary(thecomputer)also analysesyourpriormovesandmodifiesthegameaccordingly.Data sciencehasbeenemployedby companieslikeEASports,Zynga,Sony, Nintendo,andActivision-Blizzardtoadvancegaming. • Security • Datasciencecanbeusedtostrengthensecurityatyourbusinessand safeguardimportantdata.Forinstance,banksdeploycomplex machine-learningalgorithmstoidentifyfraudbasedonauser's typicalfinancialbehavior. • Thesealgorithmscanidentifyfraudfasterandmoreaccuratelythan individualsbecauseoftheenormousvolumeofdatagenerated every day.Suchalgorithmscanbeusedtosecureprivateinformationevenif youdon'tworkforafinancialinstitution. • Understandingdataprivacymayassistyourbusinessin avoidingthe misuseofandsharingofsensitiveconsumerdataincludingcontact details,SocialSecuritynumbers,andcreditcardnumbers. • CustomerInsights • Informationonyourclients'activities,demographics,hobbies,aspirations, andotherdetailsmaybefoundintheirdata.Withsomanypotential consumerdatasources,havingarudimentaryunderstandingofdatascience mayhelpmakesenseofit. • Whenaconsumervisitsyourwebsiteorphysicalstore,addssomethingto theirshoppingcart,makesapurchase,readsanemail,orengageswitha socialmediapost,forinstance,youmightcollectinformationaboutthem

  7. everytime.Datawranglingistheprocessofintegratingthedataonceyou havedouble-checkedthatitisaccuratefromeachsource. Conclusion Thereareotherareaswheredatasciencecanbeappliedaswell.Inaddition totheseapplications,datascienceisemployedinmarketing,finance, humanresources,healthcare,publicpolicy,andanyothersectorthat producesdata. Datascienceisused by marketingteamstoidentifytheproductsthatwill sellthemost.Whenanalyticalthinkingandmachinelearningalgorithms arecombined,datacanoerinsights,supporteciencymeasures,and supportprojections.

More Related