6 Data Science Use Cases Changing the World

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6 Data Science Use Cases Changing the World

Techno Dairy

@rohitrohi

November 25, 2022

Miscellaneous

Today we will look at various data science use cases in the real world. We will use social media, e-commerce, transportation, and healthcare as examples to demonstrate some of the most critical data science use cases in today's industries.

Why Do We Require Data Science?

Data Science has ushered in a new industrial revolution. Every industry on the planet requires data. Companies can now analyze large amounts of data and gain insights from this massive trove of information thanks to advances in computational capabilities.

Case Studies in Data Science

Here is a list of the top six data science use cases you should be aware of. Large corporations are using data science for a variety of purposes. Let us begin with the most demanding one, Facebook.

Facebook - Data-Driven Social Networking and Advertising

Today, Facebook dominates the social media landscape. Facebook, which has millions of users worldwide, carries out extensive quantitative research using data science to learn more about how people interact socially.

Facebook uses innovative data science methods to analyze user behavior and improve its offerings, turning it into a hub for innovation. Facebook makes use of deep learning, a trimming data science technology.

Facebook applies deep learning for facial recognition and text analysis. Facebook uses robust neural networks to classify faces in photography for facial recognition. To comprehend user sentences, it uses a unique text-understanding engine called "DeepText." For detailed information about these ML techniques, visit the data science course in Mumbai.

Amazon - Revolutionizing E-Commerce with Data Science

Since its inception, Amazon has put a lot of effort into developing a customer-centric platform. Predictive analytics is a key component of Amazon's strategy to boost customer satisfaction. It does this by using a customized recommendation system.

The hybrid nature of this recommendation system also incorporates thorough collaborative filtering. Amazon looks at the user's prior purchases to make recommendations for more products.

This is also reflected in the recommendations made by other users who rate or use comparable products.

Using its anticipatory shipping model, Amazon uses big data to predict which products its users will most likely purchase. It looks at your purchasing habits and sends products to the closest warehouse that you might need in the future.

Additionally, Amazon adjusts prices on its websites by considering a range of variables, including user activity, order history, competitor prices, product availability, and more. Amazon employs this technique to discount popular goods while making money off less well-liked goods.

Uber – Going to improve Ride Comfort with Data

The following use case for data science is Uber. Uber is a well-known mobile application that allows you to order a taxi. Uber makes extensive use of Big Data. After all, Uber must keep a sizable database of drivers, clients, and other data.

As a side effect, it is built on Big Data and uses it to gain knowledge and give its users the best services. Uber and crowdsourcing both operate under the big data principle. In other words, anyone in the area which is required to get somewhere can get help from registered drivers.

Bank of America: Improving Customer Experience by Using Data

Ten years ago, Bank of America was one of the very first financial organizations to offer online banking to its clients. The first benefit from the services assistant from BoA, named Erica, was just introduced. It is thought to be the best financial innovation ever.

Currently, Erica provides customer support to more than 45 million daily users. Erica also accepts customer input through speech recognition, a development in data science technology.

Additionally, many other banks and BoA are using predictive analytics and data science. With the help of data science, the banking sector can identify payment and customer information fraud. Additionally, it stops accounting, credit card, and insurance fraud.

Airnab: Improving Guest Experience with Data

The international hospitality company Airbnb lets you host and find lodging through its app and website. Data drives this sector. It is jam-packed with big data, including guest and host information records, lodging and homestay bookings, and website traffic.

This company highly values data science. To give its customers better search results, it uses data. It uses demographic analytics to analyze website bounce rates.

In 2014, Airbnb noticed that some users from particular countries might well click the neighborhood link, browse its page and the photos, but not make a reservation.

Spotify: transforming music streaming

The following Data Technology Use Case is Spotify. It is a massive music streaming company that uses data science to offer specialized music suggestions. With over 100 million registered users, Spotify deals with a tremendous quantity of big data.

The 600 Found in the tissues of daily data produced by users are used to build its algorithms, designed to enhance user experience. Data-driven company Spotify uses big data to offer users customized playlists.

Along with the introduction of the Playlists for Entertainers application, Spotify has added several partly the reason for its artists. This allows managers and artists to evaluate the streams, fan feedback, and hits produced by various Spotify playlists.

In the same year, Spotify also acquired Niland, a Websockets commodity that uses machine learning to offer its users better searches and recommendations.

Interesting enough right? All these are the power of data science itself. If you’re pursuing a career in data science and AI, join India’s best data science certification course in Mumbai and take the next leap for a lucrative career.

Data Science

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