Get to know about Data science with perfect example for beginners

• When we talk about data science, data mining and artificial intelligence which is one of the technologies that are changing our lives without seeing in practice how this happens. It is quite complex to find information on the application of this technology to our day today.
• These days data science is used in different industries. In marketing, it is not only about owning the information, but also about interpreting it and knowing how to connect it with the clients' preferences to create identification with the brand.
• There are other cases where this technology is used in the creation of inventories so as not to have unnecessary supply and wasted space. In the field of finance, it reduces risks and something important is its use in the selection of personnel, optimizing the hiring process seeking loyalty in future employees.

A practical example of Data Science:

• Today I want to tell you a practical example of how in homie.mx, we are using data science to convert an outdated process that took days or weeks into a system that takes a few minutes. Yes, you read well, from days to minutes!
• When renting an apartment on most occasions an analysis of the profile that is being applied to be the tenant of your property is made. The model we develop includes variables such as age, nationality, occupation, marital status, academic training, tastes, socioeconomic environment and credit history of the sample of people being analyzed.

Data Science

• Once we have our information points, we identify similarly characteristics between the profiles and create our groups; the clusters mentioned a couple of paragraphs above. In this way, we can be more assertive even when we do not have all the information about a new prospect, we can predict that group (cluster) of prospects you look like and what are the habits of that group.
• This multidisciplinary process is based on national statistical data where we can know in advance various aspects such as income, possible monthly expenses and financial habits. With all this information, we help each other measure the default risk of each possible tenant and help us understand how to minimize or mitigate a negative action by customers.
• The fact that knowing that data science advances and revolutionizes all types of industries is a great area of opportunity to seek improvement in processes and, above all, a reduction in risks. In addition to knowing exactly what your audience is looking for or waiting to find, data science helps us predict scenarios and gives us a solution to avoid falling into speculation.

Data Science is not only an accumulation of information, but the interesting thing is also the interpretation and application of it, in addition to allowing you to know your audience it offers advantages such as anticipating the needs of your customers or in our case having 100% of Success in choosing our clients, therefore we do not fail the owners and the tenants complete a rental process in 24 hours, all thanks to data science.

Without a doubt, Data Science is one of the factors that will allow us to revolutionize industries, every day we will see more examples in our daily lives.  This is the perfect choice to start your career in Data science and we offer the best data science training in Bangalore with advanced technologies and job assistance.