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Data Science Life Cycle

The first step of the data science lifecycle is business understanding. This involves knowing your business process, creating a business process architecture, defining and framing the business problem, defining business objectives and assessing risks, and defining success criteria and KPIs. The next step is data mining.

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Piyush Kulkarni
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255 views9 pages

Data Science Life Cycle

The first step of the data science lifecycle is business understanding. This involves knowing your business process, creating a business process architecture, defining and framing the business problem, defining business objectives and assessing risks, and defining success criteria and KPIs. The next step is data mining.

Uploaded by

Piyush Kulkarni
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Sunday Special: Business

Understanding
DATA SCIENCE LIFECYCLE
1. Business
Understanding

◉ First step of the Data Science life


cycle is Business Understanding
Step 1:

Know your
Business
Process
Ex- Credit Card Application

Credit :
AIEngineering
Step 2 :

Create
Business
Process
This Phot o by U nknow n Aut hor is licensed under CC BY-NC-ND
Architecture
Step 3 :

Define and
Frame the
Business
This Phot o by U nknow n Aut hor is licensed under CC BY-NC

Problem
Step 4 :

Define
Business
Objective
and assess
risks
This Phot o by U nknow n Aut hor is licensed under CC BY
Step 5:

Define
Success
Criteria &
KPIs
Next Step : 2. Data Mining
 http://sudeep.co/data-
science/Understanding-the-Data-Science-
Lifecycle/

References  https://www.youtube.com/watch?v=7dvkez
6IDpo

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