Applying Data Science
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Applied Data Science
This book has two main goals: to define data science through the work of data scientists and their results, namely data products, while simultaneously providing the reader with relevant lessons learned from applied data science projects at the intersection of academia and industry. As such, it is not a replacement for a classical textbook (i.e., it does not elaborate on fundamentals of methods and principles described elsewhere), but systematically highlights the connection between theory, on the one hand, and its application in specific use cases, on the other. With these goals in mind, the book is divided into three parts: Part I pays tribute to the interdisciplinary nature of data science and provides a common understanding of data science terminology for readers with different backgrounds. These six chapters are geared towards drawing a consistent picture of data science and were predominantly written by the editors themselves. Part II then broadens the spectrum by presenting views and insights from diverse authors – some from academia and some from industry, ranging from financial to health and from manufacturing to e-commerce. Each of these chapters describes a fundamental principle, method or tool in data science by analyzing specific use cases and drawing concrete conclusions from them. The case studies presented, and the methods and tools applied, represent the nuts and bolts of data science. Finally, Part III was again written from the perspective of the editors and summarizes the lessons learned that have been distilled from the case studies in Part II. The section can be viewed as a meta-study on data science across a broad range of domains, viewpoints and fields. Moreover, it provides answers to the question of what the mission-critical factors for success in different data science undertakings are. The book targets professionals as well as students of data science:first, practicing data scientists in industry and academia who want to broaden their scope and expand their knowledge by drawing on the authors’ combined experience. Second, decision makers in businesses who face the challenge of creating or implementing a data-driven strategy and who want to learn from success stories spanning a range of industries. Third, students of data science who want to understand both the theoretical and practical aspects of data science, vetted by real-world case studies at the intersection of academia and industry.
Applied Data Science and Machine Learning for Business Optimization 2025
Author: Manish tripathi, Dr. Anshita Shukla
language: en
Publisher: YASHITA PRAKASHAN PRIVATE LIMITED
Release Date:
PREFACE In today’s data-driven world, businesses are increasingly turning to data science and machine learning (ML) to gain a competitive edge, optimize operations, and make informed decisions. The ability to harness large volumes of data and apply advanced analytical techniques is transforming industries, enabling businesses to improve efficiency, reduce costs, and unlock new growth opportunities. As we enter an era where data is one of the most valuable assets, understanding how to apply data science and ML to real-world business problems is becoming an essential skill for professionals across all sectors. “Applied Data Science and Machine Learning for Business Optimization” aims to provide practical insights into how data science and ML can be utilized to optimize business functions and drive strategic decision-making. This book bridges the gap between theory and practice, offering actionable guidance on implementing advanced analytics and machine learning techniques to solve common business challenges. Whether you are a business analyst, data scientist, or decision-maker, this book equips you with the tools, techniques, and real-world examples needed to leverage data science for business success. The core focus of this book is on applying data science and ML to optimize critical areas of business, such as operations, marketing, customer experience, finance, and supply chain management. Each chapter walks through the methodologies used in data analysis, model building, and performance evaluation, providing a hands-on approach that empowers readers to apply these techniques to their own business contexts. From predictive analytics to recommendation systems, natural language processing, and optimization algorithms, the book covers a wide range of ML tools that are instrumental in solving real-world business problems. A major goal of this book is to showcase the power of data-driven decision-making. With the exponential growth of data and computing power, businesses now have unprecedented opportunities to analyze trends, predict future outcomes, and automate decision-making processes. However, it’s crucial to approach these opportunities with a clear understanding of how to integrate data science and ML into the organizational workflow, while ensuring alignment with business goals and strategies. We believe that the application of data science and ML should not be limited to advanced technologists alone. This book is written to demystify these technologies and make them accessible to business professionals, regardless of their technical background. By focusing on practical case studies, real-world examples, and step-by-step instructions, we hope to empower readers to implement data science and ML solutions that drive measurable business outcomes. Ultimately, the journey of business optimization through data science and machine learning is a continual process of learning, adapting, and evolving. As businesses begin to adopt and scale these technologies, they will unlock new capabilities, enhance operational efficiencies, and build a more agile, data-driven organization. “Applied Data Science and Machine Learning for Business Optimization” serves as a foundational resource to help navigate this transformative journey. We hope this book inspires you to harness the power of data science and machine learning in your own organization, unlocking innovative solutions and driving impactful changes in your business. Authors
Apply Data Science
This book offers an introduction to the topic of data science based on the visual processing of data. It deals with ethical considerations in the digital transformation and presents a process framework for the evaluation of technologies. It also explains special features and findings on the failure of data science projects and presents recommendation systems in consideration of current developments. Machine learning functionality in business analytics tools is compared and the use of a process model for data science is shown.The integration of renewable energies using the example of photovoltaic systems, more efficient use of thermal energy, scientific literature evaluation, customer satisfaction in the automotive industry and a framework for the analysis of vehicle data serve as application examples for the concrete use of data science. The book offers important information that is just as relevant for practitioners as for students and teachers.