Book Image

Principles of Strategic Data Science

By : Peter Prevos
Book Image

Principles of Strategic Data Science

By: Peter Prevos

Overview of this book

Mathematics and computer science form an integral part of data science, and understanding them is crucial for efficiently managing data. This book is designed to take you through the entire data science pipeline and help you join the dots between mathematics, programming, and business analysis. You’ll start by learning what data science is and how organizations can use it to revolutionize the way they use their data. The book then covers the criteria for the soundness of data products and demonstrates how to effectively visualize information. As you progress, you’ll discover the strategic aspects of data science by exploring the five-phase framework that enables you to enhance the value you extract from data. Toward the concluding chapters, you’ll understand the role of a data science manager in helping an organization take the data-driven approach. By the end of this book, you’ll have a good understanding of data science and how it can enable you to extract value from your data.
Table of Contents (6 chapters)

Diagnostics

Most analytical projects involve diagnosis, which is the process of finding causal or logical relationships between variables. Analyzing data uses mathematical transformations to find and validate relationships between variables. We might need to know whether complaints are clustered in a certain region of a service area or find the most likely cause of those complaints by relating it to other operational data.

This description implies that visualizing data to show a distribution or compare two or more variables is strictly speaking not analyzing anything. Descriptive statistics in most performance reports reduces the data to fewer numbers, but strictly speaking, does not add any information to the dataset. The average of a set of numbers or a trend line is already within the numbers. The defining property of diagnosis or analysis is that the cleaned data is transformed to reveal new information. An analysis shows us something that is not apparent from the data itself by combining...