The 21st century is a time ruled by data. Data science, especially, the role of its applications, has not evolved in a short period of time. Owing to fast computational works and inexpensive storage, outcomes can now be predicted in a very short time, which, if done by humans, could have taken hours. A data science course teaches that every industry, today, is being dominated by data, and there is not one single business that doesn’t use data. Data is considered an extremely powerful agent for industries.
There are several industries that make extensive use of data, such as Healthcare, Finance, E-commerce, Transport, and others. Here, we are going to see six applications where it is difficult to work without data science. Let’s get started!
According to the Finest Data Science Course, these are the Six Areas that Cannot Work Without Data Science
Here is a list of six areas where data science is applied extensively —
1. Healthcare
2. Internet Searching
3. Fraud and Risk Detection
4. Website Recommendations
5. Targeted Advertisement
6. Speech Recognition
- Application of Data Science in Healthcare:
The healthcare sector generates massive amounts of data, and it becomes difficult to keep a record of everything manually. Hospitals require to run smoothly because they deal with health and life on a regular basis. That is why they have accepted data science to be a constant part of their infrastructure. Data science is required in healthcare for:
I. Medical Image Analysis
There are certain medical procedures that are more difficult than others. They are artery stenosis, detecting cancerous organs and tumours, organ delineation, and others. These procedures along with others require different technological methods and applications so that they can be treated more effectively and efficiently. One of these technological frameworks is MapReduce. It helps to find ideal parameters for specific tasks, such as lung texture classification. MapReduce uses several machine learning methods, content-based medical image indexing, support vector machines or SVM, and wavelet analysis for providing the best results for solid texture classification.
II. Genetics and Genomics
Data science applications allow a superior level of treatment personalized for every individual. This personalization comes through a lot of research in genetics and genomics. The target in this particular area is to understand how DNA impacts the health of a person, and to find out individual biological relations between genetics, disease, and drug response. Data science techniques allow the amalgamation of genetics data and various other data in the research of specific diseases. This process provides a better understanding of hereditary disputes in patients when in reaction to specific drugs and diseases. The sooner reliable genome data is acquired, the faster can the doctors achieve a profound understanding of human DNA. The advanced risk prediction in genetics will be a significant marker in individual care.
- Application of Data Science for Internet Searching:
When we think about the application of data science, the first thing that comes to our mind is its application to access the internet. ‘Google’ is the most used fully automated search engine, but there are other search engines in the market as well, such as Yahoo, Bing, AOL, and others. All of these search engines use numerous data science algorithms to provide the best result for search requests in the fastest and most convenient way possible. The “time” mentioned, can be less than a second when it comes to delivering sorted results. For example, Google processes more than 20 petabytes of data every single day on a regular basis, and this is all becoming true thanks to data science.
- Application of Data Science for Fraud and Risk Detection:
If you are someone doing a data science course, you would know that it was the field of Finance that first started using data science. Financing companies were tired of losing money, plus they used to remain neck-deep in debts. However, they still generated a large amount of data during the initial paperwork while sanctioning loans to customers. This data used to get collected in manual forms — on papers. At times, the handling of this large volume of data became quite difficult, and, that is when the financing sector decided to bring in data scientists to rescue the workers from the peril. Over the years, banks and other financing companies have learnt to work more efficiently with data through customer profiling, previous expenditures, and other important variables in order to analyse the possibilities of risk and default. In addition, data science has also helped banks to sell financial products based on the purchasing power of customers.
- Application of Data Science for Website Recommendation:
We, human beings are on a constant lookout for collecting objects that we desire to own. Data science simply leverages this practice of ours, and whenever we are working on the internet, it makes advertisements pop up every now and then, that suggest similar objects that we may have looked up or have purchased. Data science not only help us find the right products from the countless bounty of products, but it also adds a lot to the overall user experience. Many companies have, and, still, are using data science significantly to promote their products as per the interest and the relevance of interest of users. Internet mammoths, such as Google Play, Amazon, Netflix, LinkedIn, Twitter, IMDB, and others are using data science to provide a better and improved customer experience. These recommendations are made based on the previous search results of a user.
- Application of Data Science for Targeted Advertisement:
The system of “Search” is not the biggest achievement of data science applications. Another system that is taking the business world by storm is the spectrum of digital marketing. Beginning from the display of placards on different websites to digitized advertisements at airports, almost all the sectors are seeking the aid of data science algorithms for digitally promoting their products. This is the sole reason why digitized advertisements receive a high Call-through Rate (CTR) compared to other conventional promotional advertising systems. These advertisements can be modified and targeted based on a user’s previous behaviour. This is why different users see different ads all the time based on products they purchased before.
- Application of Data Science for Speech Recognition:
When a person is not in the situation to type a command or a message directed to machines, they give voice commands. Speech recognition products simply need the speaker to utter whatever they want to search online. The data science algorithms will then convert these commands to text. For example, if a user says, “play a Jazz song”, the speech recognition product will turn that command into text, and play a Jazz song. Some of the most significant examples of speech recognition products are Google Voice, Alexa, Siri, Cortana, etc. However, speech recognition does not always perform accurately.
Conclusion:
Date science courses reveal that there are other areas that work extensively with data science. They are Advanced Image Recognition, Gaming, Airline Route Planning, Augmented Reality, etc. Owing to its multifaceted nature and the ability to work at lightning speed, data science is being used more and more in the business world.