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The growth and accumulation of data in business operations has led to the paradigm shift in business focus on data-driven decision making rather than taking decisions on gut feeling. The scope of data science enables the business to predict and prescript the best practices which would bring in more carefulness in decision making. The development of data science is also driven by continuous growth and improvement of existing tools, technologies & algorithms which are used to extract relevant knowledge from data. Data science platforms is expected to grow at a CAGR of 29% over the next 4 years with BFSI, healthcare, information technology, and transportation being the major proponents of data science in times to come.
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