Unit 1
Unit 1
2. In Transport
Data Science is also entered in real-time such as the Transport field like
Driverless Cars. With the help of Driverless Cars, it is easy to reduce the number
of Accidents.
For Example, In Driverless Cars the training data is fed into the algorithm and
with the help of Data Science techniques, the Data is analyzed like what as the
speed limit in highways, Busy Streets, Narrow Roads, etc. And how to handle
different situations while driving etc.
3. In Finance
Data Science plays a key role in Financial Industries. Financial Industries always
have an issue of fraud and risk of losses. Thus, Financial Industries needs to
automate risk of loss analysis in order to carry out strategic decisions for the
company. Also, Financial Industries uses Data Science Analytics tools in order to
predict the future. It allows the companies to predict customer lifetime value and
their stock market moves.
For Example, In Stock Market, Data Science is the main part. In the Stock
Market, Data Science is used to examine past behavior with past data and their
goal is to examine the future outcome. Data is analyzed in such a way that it
makes it possible to predict future stock prices over a set timetable.
4. In E-Commerce
E-Commerce Websites like Amazon, Flipkart, etc. uses data Science to make a
better user experience with personalized recommendations.
For Example, When we search for something on the E-commerce websites we
get suggestions similar to choices according to our past data and also we get
recommendations according to most buy the product, most rated, most searched,
etc. This is all done with the help of Data Science.
5. In Health Care
In the Healthcare Industry data science act as a boon. Data Science is used for:
Detecting Tumor.
Drug discoveries.
Medical Image Analysis.
Virtual Medical Bots.
Genetics and Genomics.
Predictive Modeling for Diagnosis etc.
6. Image Recognition
Currently, Data Science is also used in Image Recognition. For Example, When
we upload our image with our friend on Facebook, Facebook gives suggestions
Tagging who is in the picture. This is done with the help of machine learning and
Data Science. When an Image is Recognized, the data analysis is done on one’s
Facebook friends and after analysis, if the faces which are present in the picture
matched with someone else profile then Facebook suggests us auto-tagging.