Question

What is the primary advantage of data science today from analytics that was done 50 years...

What is the primary advantage of data science today from analytics that was done 50 years and explains why in one sentence?

Homework Answers

Answer #1

Data science is a "concept to unify statistics, data analysis, machine learning, domain knowledge and their related methods" in order to "understand and analyze actual phenomena" with data.Data science is the study of data. It involves developing methods of recording, storing, and analyzing data to effectively extract useful information. The goal of data science is to gain insights and knowledge from any type of data — both structured and unstructured.Now a days Data analytics is important because it helps businesses optimize their performances. ... A company can also use data analytics to make better business decisions and help analyze customer trends and satisfaction, which can lead to new and better products .

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
To answer the question of “What should be done,” one would apply ____________________. A. diagnostic analytics...
To answer the question of “What should be done,” one would apply ____________________. A. diagnostic analytics B. descriptive analytics C. predictive analytics D. prescriptive analytics
When you think of “Data Analytics” what are the top 3 things you think of? What...
When you think of “Data Analytics” what are the top 3 things you think of? What are some of the ethical questions or concerns that come to mind when talking about data analytics? Provide one example of an ethical question as it relates to data and analytics from a current news source. What is the main argument for / against in the article? Please be specific in your responses.
What are the potential benefits of using geospatial data in analytics? What type of new applications...
What are the potential benefits of using geospatial data in analytics? What type of new applications can emerge from knowing locations of users in real time? How can consumers benefit from using analytics, especially based on location information?
Please read the following article: 53% Of Companies Are Adopting Big Data Analytics: "Big data adoption...
Please read the following article: 53% Of Companies Are Adopting Big Data Analytics: "Big data adoption reached 53% in 2017 for all companies interviewed, up from 17% in 2015, with telecom and financial services leading early adopters." "Reporting, dashboards, advanced visualization end-user “self-service” and data warehousing are the top five technologies and initiatives strategic to business intelligence." "Data warehouse optimization remains the top use case for big data, followed by customer/social analysis and predictive maintenance." "Among big data distributions, Cloudera...
Javier hopes to live 50 more years from today and plans to retire in 30 years...
Javier hopes to live 50 more years from today and plans to retire in 30 years (from today). During his retirement he would like to receive, at the end of each month, a constant retirement income. Javier’s savings plan during his working life is as follows: Starting today, Javier will make monthly contributions at the beginning of each month, which will grow at 0.15% effective monthly. The first contribution Javier will make to the savings fund is for an amount...
Chapter 3 Data Management, Big Data Analytics, and Records Management case 3.2 business case: Financial intelligence...
Chapter 3 Data Management, Big Data Analytics, and Records Management case 3.2 business case: Financial intelligence fights fraud The Financial Crimes Enforcement Network (FinCEN; ncen.gov) is a bureau of the Treasury Department and the nancial intelligence unit of the United States. The bureau reports to the undersecretary for terrorism and nancial intelligence. FinCEN’s mission is to safeguard the nancial system from abuses of nancial crimes, to institute anti- money laundering (AML) programs, and to promote national security through the collection,...
The USA TODAY Snapshot titled “Big Bang Theory” (USA TODAY, October 14, 2016) summarized data from...
The USA TODAY Snapshot titled “Big Bang Theory” (USA TODAY, October 14, 2016) summarized data from a sample of 1003 American parents of chil-dren age 6 to 11. It reported that 53% of these parents view science-oriented TV shows as a good way to expose their children to science outside of school. Assume that this sample is representative of American parents of children age 6 to 11. Construct and interpret a 90% confidence interval for the pro-portion of American parents...
What distinguishes secondary from primary data? How can they work together?
What distinguishes secondary from primary data? How can they work together?
According to modern science, Earth is about 4.5 billion years old and written human history extends...
According to modern science, Earth is about 4.5 billion years old and written human history extends back about10,000 years. Suppose the entire history of Earth is represented with a 100-meter-long timeline, with the birth of Earth on one end and today at the other end. a. What distance represents 3 billion years? b. How far from the end of the timeline does written human history begin?
What is the present value of $ 4,000 received a. 12 years from today when the...
What is the present value of $ 4,000 received a. 12 years from today when the interest rate is 10 % per​ year? b. 24 years from today when the interest rate is 20 % per​ year? c. 6 years from today when the interest rate is 5 % per​ year?