Data Science for Business: What You Need to Know about Data Mining and Data-Analytic Thinking

by Foster Provost

data science supporting data-driven decision-making, but also overlapping with data-driven decision-making. This highlights the often overlooked fact that, increasingly, business decisions are being made automatically by computer systems. Different industries have adopted automatic decision-making at different rates. The finance and telecommunications industries were early adopters, largely because of their precocious development of data networks and implementation of massive-scale computing, which allowed the aggregation and modeling of data at a large scale, as well as the application of the resultant models to decision-making.