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Business Understanding
The first stage of Data Science
Data Science is quite peculiar when it comes to the steps one has to follow
in order to start the process of comprehending what exactly needs to be addressed
when a company’s problem needs to be explored, understood, and then resolved.
But why is it so essential to establish the “business understanding” at the start of
the Data Science methodology? Let’s explore some potential answers to this
question especially when linked to a very specific problem.
“Business understanding is the first
stage of the data science methodology; it
provides clarity about the problem to be
solved and the data that should be used”
(Laureate Education Inc., 2018). When a data
scientist is given a problem that needs to be explained and then solved, that query
posed by company stakeholders can be misunderstood if this process is not carried
out; it is a matter of perception in the end. The company need to explain the
problem they have in full to the scientist(s); details cannot be omitted. The
scientist(s) must comprehend the problem to help the company formulate the right
questions to obtain the right guidance to gather data. With these discussions
among the company and the scientist(s), business understanding will help
determine that kind of methodological approach needed: descriptive or predictive.
References
Laureate Education Inc. (2018). Asking Questions with Data Science. Retrieved
from One Faculty:
https://dtl.laureate.net/webapps/blackboard/content/listContent.jsp?course
_id=_165016_1&content_id=_801203_1&mode=reset