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Data Science Life Cycle

The document outlines the stages of the data science life cycle, starting from problem identification to deployment and communication of findings. It emphasizes the importance of defining business problems, collecting and preparing data, modeling and analyzing it, evaluating results, and deploying solutions. Each stage is crucial for ensuring that data-driven insights effectively address real-world issues and enhance decision-making processes.

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22 views

Data Science Life Cycle

The document outlines the stages of the data science life cycle, starting from problem identification to deployment and communication of findings. It emphasizes the importance of defining business problems, collecting and preparing data, modeling and analyzing it, evaluating results, and deploying solutions. Each stage is crucial for ensuring that data-driven insights effectively address real-world issues and enhance decision-making processes.

Uploaded by

2bpcskygcx
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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DatabaseTown.

Prepared by : Babita Patel


and Urvi Rabara com
1 - Problem Identification &
Business Understanding
• The foremost stage of the data science life cycle involves
defining the business problem.
• You need to understand the real-world issues faced by your
business and then articulate how data science can help
address them.
• This may include predicting customer churns, estimating
product demand or optimizing marketing efforts.
• By placing a framework in place at this stage for evaluating
potential solutions, it helps streamline the next steps and
forms a foundation for measuring success.
2 - Data Collection and
Exploration
Once problem is clearly defined, data collection becomes a critical aspect of the data
science life cycle. This stage entails gathering raw data from various sources like
databases, spreadsheets, web scraping or APIs. Make sure you include possible
external influences as well, such as seasonal trends and economic indicators.

Having enough good-quality data is important for building accurate models later in
the project. Moreover, while collecting data, it's crucial to maintain its originality and
keep track of its provenance for transparency and reproducibility purposes.

Data acquisition can take various forms according to nature of the problem and the
specific requirements of the project. It may involve accessing publicly available
datasets, such as government databases, open data repositories, or industry-specific
data sources. These datasets can provide a wealth of information and serve as a
foundation for analysis.
3 - Data Preparation and
Cleaning
Data, in its raw form, is frequently riddled with inconsistencies, missing values, and
other irregularities that can hinder effective analysis. Therefore, in the data science
lifecycle, the data preparation phase plays a critical role in transforming raw data
into a clean and usable format. This crucial step ensures that the data is reliable,
accurate, and ready for analysis, setting the stage for meaningful insights to be
extracted.

During the data preparation phase, data scientists employ a range of techniques to
address the various challenges posed by the raw data. One common task involves
handling missing values, which are data points that are absent or incomplete.
Missing values can significantly impact the accuracy of analyses, as they introduce
uncertainty and potentially bias the results. Data scientists use strategies such as
imputation, where missing values are estimated or replaced using statistical
methods, to ensure that the data remains robust and representative.
4 - Data Modeling and
Analysis
In this stage of the data science lifecycle, data scientists use statistical and
machine learning techniques to analyze the prepared data. By applying these
techniques, they extract meaningful information, make accurate predictions, and
gain a deeper understanding of the underlying insights within the data. This phase
is characterized by tasks such as feature selection, model training and
performance evaluation. All of these contribute to the successful analysis and
interpretation of the data.

One essential task during this stage is feature selection. Data scientists carefully
choose the relevant features or variables from the dataset that are most
informative and influential for the analysis. By selecting the right set of features,
they can simplify the modeling process, enhance the interpretability of results, and
reduce the risk of overfitting.
5 - Model Evaluation and
Interpretation of Results
Once the data models have undergone training and predictions have been
generated, the subsequent step in the data science lifecycle is to evaluate the
results. Data scientists meticulously assess the performance of their models and
validate the accuracy of the predictions against the ground truth or known
outcomes. This evaluation process plays a crucial role in determining the
effectiveness of the models and gaining valuable insights into the analyzed data.

During the evaluation stage, data scientists employ various techniques to analyze
and interpret the results. Statistical analysis is a fundamental approach used to
assess the performance metrics of the models. These metrics can include accuracy,
precision, recall, F1 score, or other domain-specific measures depending on the
nature of the problem.
6 - Deployment and
Communication of Findings
In the deployment stage of the data science lifecycle, data scientists focus on
translating their models and findings into real-world solutions. This process needs
integration of models into existing systems, building interactive dashboards, or
creating application programming interfaces to facilitate easy access and
utilization.

Integrating the trained models into existing systems involves integrating analytical
models into the operational infrastructure of an organization. By integrating the
models, the organization can automate decision-making processes, optimize
resource allocation, or improve operational efficiency based on the insights gained
from the data analysis.

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