life-saving medicines and treatment methods
Data science is an interdisciplinary field of study that aids in breaking down enormous and complex data to convert it to a usable form. It helps in the analysis of these data and the onset of efficient work with it. Therefore, it finds application in several fields. In this article are some sectors that utilize data science. Banking: Data science is extensively used in banking. It has considerably improved the bank's quality and working process. Banks have to access and analyze data like personal details and the monetary status of their customers in bulk. Operations using data science ensure satisfactory resource management. It warrants efficient fraud detection, risk modeling, customer data management, and segregation, etc. The banks can evaluate data like customer cycles and investment patterns to offer several benefits to suit the customers. With data science, automation of the entire process is possible. Banks apply risk modeling to assess their overall performance and d