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Leveraging Data Science To Drive Business Innovation

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17 views

Leveraging Data Science To Drive Business Innovation

This is what you want

Uploaded by

lofisongs0121
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Leveraging Data

Science to Drive
Business
Innovation
Data science offers powerful tools to uncover insights and drive
strategic business decisions. By defining clear problem statements,
collecting and analyzing data, and building accurate models,
organizations can unlock new opportunities for growth and
innovation.
Defining the Problem
Statement
1 Identify Key 2 Understand User
Business Objectives Needs
Clearly define the specific Gather feedback from
goals you aim to achieve stakeholders to ensure
through data-driven the problem aligns with
insights. their challenges.

3 Scope the Analysis


Outline the data sources, metrics, and analytical techniques
required to address the problem.
Collecting and Organizing Data
Data Sources Data
Pixel Snap :- Mobile Cleaning
Photography ( competition) Data Storage

Identify and integrate internal and Ensure data quality by cleaning, Implement secure and scalable
external data sources, including transforming, and standardizing data storage solutions to support
structured and unstructured data. the information. ongoing analysis.
Exploratory Data Analysis
1 Identify Patterns
Uncover trends, correlations, and anomalies within
the data through statistical analysis.

2 Hypothesis Testing
Formulate and test hypotheses to gain a deeper
understanding of the data.

3 Visualization
Create interactive dashboards and reports to
effectively communicate insights.
Data Modeling
Feature Engineering Model Selection
Identify and select the most Choose the appropriate
relevant variables to include algorithm based on the
in the model. problem and data
characteristics.

Hyperparameter Tuning Model Validation


Optimize model parameters Assess the model's
to improve performance and predictive power and
accuracy. generalization using test
data.
Model Building and Training
Data Preparation
Clean, transform, and split the data into training and
validation sets.

Model Architecture
Define the structure and hyperparameters of the
machine learning model.

Model Training
Iteratively train the model using the training data and
monitor performance.
Model Evaluation and
Optimization

Accuracy
Measure the model's predictive performance on test data.

Efficiency
Optimize the model's resource utilization and inference speed.

Robustness
Assess the model's ability to handle real-world data variability.
Deploying the Solution
and Measuring Impact
Key Metrics Baseline Projected
Improvement

Revenue Growth 5% 12%

Customer 78% 85%


Satisfaction

Operational 82% 90%


Efficiency

By deploying the data-driven solution and continuously monitoring


its impact, organizations can adapt and refine their strategies to
maximize business value.

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