components of data science

Data science is the umbrella under which all these terminologies are housed. Data science is like a whole subject that has different stages within itself. Suppose a retailer wants to forecast the sales of an X item present in its stock next month. This is known as a business problem and the science of data aims to provide optimized solutions for it. Data science allows us to solve this business problem with a series of well-defined steps. Step 1: Collecting data Step 2: Preprocessing of data Step 3: analyzing data Step 4: orienting insights Step 5: reports Data mining Data mining is defined as a process used to extract usable data from a larger set of raw data. It involves the analysis of data patterns in large batches of data using one or more software. Data mining has applications in several fields, such as science and research. Data mining involves the collection and storage of effective data, in addition to computer processing. To segment the data and ev...