fill in the blank. data science is a multidisciplinary approach to extract actionable _______________ from large and ever-increasing volumes of data collected and created by today’s businesses.
LectureNotes said fill in the blank. data science is a multidisciplinary approach to extract actionable _______________ from large and ever-increasing volumes of data collected and created by today’s businesses.
Answer: The blank in your sentence can be filled with the word “insights.”
Complete Sentence:
“Data science is a multidisciplinary approach to extract actionable insights from large and ever-increasing volumes of data collected and created by today’s businesses.”
Explanation:
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Data Science: This field combines various techniques from mathematics, statistics, computer science, and domain-specific knowledge to analyze and interpret complex data.
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Actionable Insights: The primary goal of data science is not just to gather data but to derive meaningful, actionable insights that can help businesses make informed decisions. These insights help businesses understand trends, patterns, and behaviors, leading to strategic planning and better operational outcomes.
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Large Volumes of Data: With the advent of technology and digital systems, businesses now generate vast amounts of data. The challenge lies not in collecting this data but in extracting useful information from it.
By pinpointing insights as the focus, we highlight the practical application of data science in turning raw data into valuable knowledge.