Use Cases of Data Science

Thanks to faster computing and cheaper storage, we can now predict outcomes in minutes. The earliest applications of data science were in Finance.

Data Science Applications:

1. Risk Detection & Fraud
2. Internet Search
3. Healthcare

1.Banking companies learned to divide and conquer data via customer profiling, past expenditures, and other essential variables to analyze the probabilities of risk and default.

2.Make use of data science algorithms to deliver the best result for our searched query in a fraction of seconds.

3.Data Science applications also enable an advanced level of treatment personalization through research in genetics and genomics. The goal is to understand the impact of the DNA on our health and find individual biological connections between genetics, diseases, and drug response.