What does Data Science mean to developing economy?

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Culled—Proshare

22/8/2017/Data Science Nigeria

Data is now the blood of today’s business and the ultimate enabler of the evolution of 21st century society. The best and the richest of the future are those who have gained superior mastery in how they translate massive data into actionable insights, impactful business decisions, enhanced services to customers, and the avoidance of risks and losses.

Data Science is the integrated extraction of valuable and actionable knowledge from data in various forms, either structured or unstructured, from multiple sources to solve problems and fast-track innovations, socio-economic and sustained value creation.

While normal business analysis ad done today relies on what we know, Data Science thrives on non-traditional, uncommon and transformational insight from what we do not know to solve fundamental social-economic problems with ease and speed using multidisciplinary blend of data inference, algorithm development, and technology.

 

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