Data science uses statistics, machine learning, and data analysis to extract knowledge and insights from data. It allows companies to make better decisions, predictive analysis, and discover patterns. Data science is used across many industries and can be applied anywhere data is available, such as consumer goods, stock markets, logistics, and e-commerce. A data scientist requires expertise in machine learning, statistics, programming, mathematics, and databases to explore and analyze data, find patterns, and make predictions to help businesses.