Difference between revisions of "Data Science versus Statistics"

From Open Risk Manual
(Issues and Challenges)
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== Issues and Challenges ==
 
== Issues and Challenges ==
* Despite the use of the word "Science", Data Science is not more scientific than Statistics. Statistics is a term used in academy context for a much longer period and it is more sharply and rigorously defined as sub-field of mathematics.
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* Despite the use of the word "Science", Data Science is not more ''scientific'' than Statistics, actually less so. Statistics is a term that has been used in academy context for a much longer period and it is more sharply and rigorously defined as sub-field of mathematics.
  
 
== See Also ==
 
== See Also ==

Revision as of 17:23, 5 December 2023

Data Science versus Statistics

Statistics is an academic field (branch of Mathematics) and a professional discipline (practiced in various domains) that concerns the systematic collection, organization, analysis, interpretation, and presentation of data.

Data Science is a broader, interdisciplinary activity, that may use Statistics but also other computational tools, processes, algorithms and systems to extract or extrapolate knowledge and insights from diverse data.

Issues and Challenges

  • Despite the use of the word "Science", Data Science is not more scientific than Statistics, actually less so. Statistics is a term that has been used in academy context for a much longer period and it is more sharply and rigorously defined as sub-field of mathematics.

See Also

References