Understanding Data Science and Why It's So Important

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Understanding Data Science

and why is it important for your business

by Dr. Lau Cher Han

Cher Han PhD. MInfoTech. BInfoTech

Directory of Academy

Chief Data Scientist

Data Scientist &Full Stack Developer

Chief Technology Officer

What era we are in ?

Dr. Lau Cher Han

We are in the Data Era.

Jack Ma CEO, Alibaba

Dr. Lau Cher Han

Dr. Lau Cher Han

Why do we need data science?

Dr. Lau Cher Han

Not only the amount of data increased,

The channels to produce data also increased.Dr. Lau Cher Han

Find reliable signals from the noises.

Dr. Lau Cher Han

Case Studies

Dr. Lau Cher Han

Airasia uses Data Science to optimize their routes

1% is about 14 million kg of fuel, by saving 15 miles per landingDr. Lau Cher Han

UPS spent USD $1.5 billion per year on Data Science

For every 1 mile saved per driver per day,

to save 1.5 million gallons

of fuel per year (USD$ 50 million)

Dr. Lau Cher Han

After implementing data science in social media monitoring

Malaysia Airport Page gain

1000% of positive Facebook posts.

Dr. Lau Cher Han

Personal Experience

Dr. Lau Cher Han

48% of the attendees who sign up for free event

drop out.

But,

Dr. Lau Cher Han

78% of the attendees

attend if you charge a fee as low as RM 10Dr. Lau Cher Han

So, what is inside Data Science?

Dr. Lau Cher Han

Dr. Lau Cher Han

Data Science Technical Roadmap

Data Science Framework

Big Data Warehousing NoSQL

Probability and Statistics

Data Processing Tools

Scripting Languages

Model Evaluation

Interactive Visualization

RDBMS

Exploratory Data Analysis

RegressionsText AnalyticsUnstructured Data Processing

Modelling Quantitative Analysis

MapReduce

Data Handling

Fundamental Knowledge

Technical Skills

Business Applications

Data Storage Technologies

Data Wrangling

Trees and Forest Natural Language Processing

Data Mining and Analytic Techniques

Applications

Decision Making

Dr. Lau Cher Han

Common Questions

Dr. Lau Cher Han

# 1 - More data helps us to make better decisions?

No!

Dr. Lau Cher Han

Dr. Lau Cher Han

What is for lunch?

NO!

# 2 - I have no technical knolwedge, I can’t do data science

Dr. Lau Cher Han

How did our ancestors survive?

How did our ancestors survive?

They are empowered by tools.

# 3 - Data Science tools are expensive.No!

Dr. Lau Cher Han

Most of the data science tools are open-source.

Dr. Lau Cher Han

Technology is becoming a commodity.

Dr. Lau Cher Han

Dr. Lau Cher Han

Three Benefits of Applying Data Science

• Deep understanding of your customers.

• Additional layer of evidence for stakeholders.

• Optimize your resources.Dr. Lau Cher Han

Three things you can start todayDr. Lau Cher Han

# 1: Start wearing a data scientist hat.

if you can’t find a hat, get a pair of glasses

Dr. Lau Cher Han

# 2: Pick up a tool

If programming is not your thing, you can even start using Excel.

Dr. Lau Cher Han

# 3: Start AnalyzingAnalyzing your customers, facebook friends, the pile of name card that is

sitting in the corner…anything!

send me an email and I will tell you what’s next.

Dr. Lau Cher Han

Look deep into nature, and then you will understand everything better.

Albert Einstein

What’s next?

More about data scientist

http://www.thedatasciencehandbook.com

All graphics used in this slides are

cherhan

@cherhan

cherhan@thelead.io

http://www.cherhan.net

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