1. Course: Technology Innovation and Strategy
Instructor: Sir Abdul Basit
Student: Sarim Siddiqui
ID: 14530
What is DATA SCIENCE present &
Future of Data Science and how brands
can get benefit from it
2. Data science, also known as data-driven science, is an interdisciplinary
field about scientific methods, processes and systems to
extract knowledge or insights from data in various forms, either
structured or unstructured.
"This hot new field promises to revolutionize
industries from business to government, health care
to academia.“ – The New York Times
or
What is DATA SCIENCE
3. What are CURRENT IMPLICATIONS
Data science is a field which is extended to almost every industry which currently exists in this world.
Some of its implications are:
THE INTERNET
Every thing we see on the internet in todays world is a result of the extensive use of the data science
and the implication of the results being generated through the analysis being done in the given set of
data.
4. THE INTERNET
The advertising spectrum of the global advertising industry is changing now. All the advertising
mediums are shifting towards the online medium now and the global advertising industry is shifting
towards a new phase. This is mainly due to the fact that the social networking has gotten a very strong
hold of the global networking industry.
5. LOGISTICS WORKS
One of the biggest nightmares of the logistics companies has always been transportation of the logistics
at the right places at the right time and also avoiding the cost of the transportation as much as
possible. This problem is solved by the data science by providing the best and the most cost effective
and efficient resources and facts to the logistics companies which helps them do their tasks in the best
possible manner.
6. HEALTH CARE
In the past few years the health and hygiene industry has grown in a very dramatic manner. The data
science now plays the role of the backbone in the treatment of the patients and the development of
the new medicines in the pharmaceutical industry making is easier for the researchers to analyze the
past trends and behavior of a certain medicine and its previous human beings.
7. GOVERNMENT
Governments are one of the most valued users of data science in term of the tracking of the people
and their safety. The data science helps governments to make the decisions in the most efficient and
the effective manner possible in the economy. It also helps the governments make the informed
decisions which are highly beneficial for the citizens of the country. This also helps to improve the
budgeting and the welfare works of the state.
8. What is a data science DASHBOARD
A data dashboard is an information management tool that visually tracks, analyzes and displays key
performance indicators (KPIs), metrics and key data points to monitor the health of a business,
department or specific process.
9. How it helps BRANDS
In todays growing market one of the most important aspects for the development of any brand. This is
due to the reason that it helps the brand to develop the products and sell them in the most efficient
manner possible in the industry. The business dashboards help the brands to monitor the brands
performance in the best possible manner thereby developing the un tapped sectors of the business.
10. Data science is the FUTURE:
It can be very easily said that the future of the industry mainly depends on the data science as the
development of the todays industry mainly depends upon the digital markets and these digital markets
run the basis of the data science so we can say that the data science is the FUTURE.