But is that all there is?
Just know apply an algorithm, and you improve the bottom line of your company?
What if you need to justify a project? How do you demonstrate that there is a process that can be followed for data science?
Recently with some colleagues we were discussing this precise topic.
Here is the answer that we came up with:
What is the question?
Who asked the question?
When do they want it?
How does it provide business value?
Identify the data
Collect the data
Transform, Merge, Munge
Analyze and explore
Visualize and Communicate
Generate new directions.
I will pick a section and write more about each of these sections, but this little checklist is a beginning step in applying a Data Science process for an Enterprise.