What is the main purpose of data science?
To study historical data for trends
To analyze large and complex data sets to make predictions
To create visual representations of data
To improve customer service directly
How does Netflix use data science according to the text?
To develop new streaming technology
To increase its subscription fees
To manage its inventory
To recommend movies and TV shows based on user preferences
What does Amazon do with the data it collects?
It uses data to improve its marketing strategies
It predicts future product demand and manages inventory
It creates personalized advertisements for customers
It tracks user search histories for advertising purposes
How does Target use data analytics?
To optimize delivery times
To refine its marketing strategies and create targeted promotions
To predict future market trends
To improve its customer service training
What example is given to illustrate Target’s use of data analytics?
Sending offers on baby products to customers who frequently buy them
Analyzing social media trends to target ads
Improving in-store navigation based on customer flow data
Developing new product lines based on customer feedback
What is a key difference between data science and data analytics?
Data science involves only past data, while data analytics uses future predictions
Data science uses advanced algorithms to build models, while data analytics focuses on understanding historical data
Data science is more about customer service, while data analytics focuses on sales
Data science is used for marketing strategies, and data analytics is used for logistics
How does the Toronto Raptors use data analytics?
To improve their team’s merchandising
To develop new game strategies without data
To analyze player statistics and game performance
To manage their sports equipment inventory