What Is Data Science and Why is it Important? (And How to Get Started!) Introduction Data science is a hot field, but it can be difficult to understand what it actually is. Here's our guide to understanding data science: what it is and why it matters for businesses. Definition of Data Science Data science is the intersection of statistics, machine learning, and computer science. Data science is a field that uses data to solve problems. It’s based on the idea that data can be transformed into knowledge or added value. The goal of this transformation process is to create new models, algorithms, and techniques for solving business problems using data. The transformation of data into knowledge takes place through a process called data analysis. This process involves four main steps: Acquiring Data; 2) Cleaning Data; 3) Analyzing Data; 4) Presenting Results The Intersection of Statistics, Machine Learning, and Computer Science Data Science is the intersection of statistics, machine le...