Most people associate data and facts with data leak privacy issues as well as techniques of profit maximization. They believe databases, data analytics, and data science are associated only with the professional world; however, the truth is that data science has a greater role to play in our day-to-day lives and impacts almost every real situation. From recommending new products on Facebook to searching phrases on Google, data science is helpful for common people in everyday life. We are leveraging the benefits of high-end tools, technologies, and high-tech devices without acknowledging the importance of data science in our life. Following is the role of data science in our day-to-day lives.
Due to the benefit of data science tools and technologies, platforms such as Netflix and Spotify are taking the entertainment sector to another level. It recommends the music you prefer or will like to watch, which is influenced only by data. Netflix extracts customer behavior and preference patterns related to their shows and curates them based on the data derived from databases. Based on data science technologies, Netflix customizes its watch list and leverages customer habits and data. Similarly, Spotify uses customer data to provide their customers with the weekly playlist per their preference.
2- Internet search
We all are accustomed to Google searches whenever something is stuck in our minds. The phrase ‘just Google it’ has become very popular these days; however, we have realized the importance of Internet search without recognizing the significance of data science, making it possible for us. Every search engine, such as Yahoo, Bing, Google, AOL, etc., leverages data science algorithms to provide users with the best results within a few seconds. Without leveraging data science, search engines won’t be able to provide you with the desired results.
3- Online shopping
Do you know how ecommerce sites such as Flipkart and Amazon can suggest similar products per your taste and preference? These sites can provide you with relevant suggestions and products and enhance the customer experience by leveraging the benefits of data science online course. The notifications pop up every time you browse an ecommerce platform because of the enhanced role of data science, which makes it possible. Every online shopping platform utilizes customer data and leverages data science tools to comprehend the shopping patterns of customers as well as their tastes and preferences to develop personalized shopping recommendations for their clients.
One sector which is rapidly transforming the lives of every human is the healthcare industry. This is because the healthcare industry is implementing data science technologies and offering better customer service daily. With the help of data science technologies, paperwork is being replaced by EMRs or electronic medical records powered by data science tools and technologies. Data science allows healthcare professionals to use patient data and keep it within a centralized platform so medical professionals can access it anywhere and anytime. Data science has led to using fitness sensors and variables so that individuals can easily take care of their health conditions. You can easily take care of your health without visiting the hospital or clinic every time. Healthcare practitioners can detect any fluctuation or anomaly in the patient’s health and prescribe medications and treatment in real-time.
5- Airline planning
The airline sector is experiencing huge losses throughout the world. Most airline service providers face challenges in earning good operating profits and maintaining occupancy ratios. The cost of huge fuel prices and hefty discounts to attract customers are making it difficult for the airline industry to thrive. This is why most airline service industries have started leveraging data science benefits to earn more profit. Data science has a greater role to play in the airline industry as it helps in effectively planning and designing strategies. Airline service providers use data science to decide which class of airlines has to be purchased, predict delays in flight design, and client loyalty program. Service providers in airline industries are capturing and crunching customer data to obtain meaningful insights that can help them to make profitable decisions.
6- Finance sector
Data science plays a great role in the finance sector. Once there was a time when financial institutions in banks were experiencing huge bad debts and losses every year. By leveraging data science technologies and tools, banking institutions can derive data from past expenditures and analyze customer profiling to detect risk and default. In addition, banking companies are constantly leveraging the importance and benefits of data science to reduce financial fraud risk. Today banks can track credit card fraud, suspicious activities, and breaches of financial data using data science technologies and tools. In this way, data science can strengthen the security of banking institutions and offer safety and protection to their customers.
Another industry where data science plays a great role is logistics. The delivery company uses data science technologies and tools to improve its logistics and provide better operational efficiency. Today we can get our products delivered on time and exactly at the place where we want. This is possible due to the benefits of data science. The logistic industry can process the huge amount of data gathered from data science technologies, which helps derive meaningful insights to offer customers the best solution.
8- Speech recognition
Speech recognition products like Google Voice, Siri, and Cortana have become increasingly popular. If people cannot compose messages on their own, then they can use the special feature of speech recognition powered by data science.
The above-mentioned are real-life examples that show how data science plays a great role in almost every aspect of our lives. There are endless benefits with which data science has entered our lives. This is why data science has become the most demanded discipline with a wide range of applications in almost all sectors. It is constantly revolutionizing the way we view and perceive data. As a result, data science has taken over almost all the industry today. There is no single industry worldwide that is not reliant on data science training in bangalore.