Tagged in: Data

What Is Data Science? Why Is It Important to Fintech?

Companies, over the years, accrue massive amounts of data that could just be sitting in an online cloud. Wouldn’t it be nice if you could put that information to better the overall customer experience and boost the institutions’ profit margin? Would a logical overview of your operations prove insightful when you want to adjust your business plan? Indeed, businesses should seek opportunities to improve, especially using what they already have in their possession.

Data science and Fintech, when combined, do just that. They allow operations to rely on numbers to see how things are doing, what people want and what could be improved. These fields are closely related and may prove quite beneficial to the business world.

What Is Data Science?

In science class, children learn the scientific method. Draw a hypothesis, perform an experiment, test out that theory and determine from the evidence what worked and didn’t. This same …