Data science is a critical component of business operations today. According to Forrester, organizations that are driven by data science research and insights are twice as likely to be market leaders within their industries. The proof is in the pudding: investment in data leads to big-time payoffs for companies.
While this data has become vital to organizations, data science strategies and practices differ dramatically between industrial and commercial organizations. From the amount and frequency of data inputs to the costs of experiments and models, data sets take on very different forms across these two sectors. Commercial data science Commercial data science permeates every aspect of our lives today – from online banking and shopping to business operations and connected devices. In the commercial sector, data scientists are essentially consumer advocates.
Author: Chad Stoecker