It is well known that Data Science helps businesses extract actionable insights from massive sets of data. Data Science and the technologies empowering it, like AI and Machine Learning, have become central to every business strategy today.
However, Applied Data Science takes the game many notches higher. It broadens the scope of data science to include
- Finding new applications where data science can be applied and
- Create predictions that are more accurate in their trends and seasonality
Applied Data Science becomes important in the backdrop of the fact that the global data created per day is likely to reach 463 Billion GB/Per Day by 2025 from 44 Billion GB/Per Day in 2016 according to IDC. Such massive data cannot be made sense of by traditional algorithms.
This is where Machine Intelligence (MI) can add immense value to business in conjunction with Applied Data Science.
Machine Intelligence as a higher evolution of machine learning – a stepping stone to true AI.