Understand the Problem

Data Scientists should be aware of the business pain points and ask the right questions.

Collect Data

They need to collect enough data to understand the problem in hand and to better solve it in terms of time, money, and resources.

Process the Raw Data

Data is rarely used in its original form. It must be processed, and there are several ways to convert it into a usable format.

Explore the Data

Once the data has been processed and converted into a usable form, Data Scientists must examine it to determine the characteristics and find out obvious trends, correlations, and more.

Analyze the Data

To understand the data, they use a variety of tool libraries, such as Machine Learning, statistics and probability, linear and logistic regression, time series analysis, and more.

Communicate Results

At last, results must be communicated to the right stakeholders, laying the groundwork for all identified issues.