Data Science

From Open Risk Manual

Definition

Data Science is an emerging (as of 2020) interdisciplinary field that aims to extract and utilize knowledge from diverse data sets, which are typically large (see Big Data).

Components

The field is rather loosely defined as it applies to several different domains with a varying degree on reliance on:

Context

In the context of Risk Management the concepts, objectives and practices of data science overlap strongly with those of Quantitative Risk Management.

See Also