Use of the term "data science" is increasingly common, as is "big data." But what does it mean? Is there something unique about it?
In our definition, it is a systematic process that builds and organizes knowledge either to solve problems, mitigate crisis, control risk, increase revenue or reduce cost.
Data science might therefore imply a focus involving data and, by extension, statistics, or the systematic study of the organization, properties, and analysis of data.