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DATA SCIENCE: OPPORTUNITIES FOR EFFECTIVE USE OF DATA IN THE MODERN DIGITAL ECONOMY

Authors

  • Kadirova Guzal

    Master student of Nordic International University
    Author
  • Muzaffarov Hulkar

    Master student of Nordic International University
    Author

Keywords:

Data Science, data analysis, artificial intelligence, big data, machine learning, digital economy, forecasting, decision-making

Abstract

This article discusses the concept of Data Science, its role in the modern digital economy, and its application opportunities in various fields. Today, collecting, storing, processing, and analyzing large volumes of data have become highly important in the activities of organizations. Through Data Science technologies, enterprises, educational institutions, banks, healthcare systems, and public administration bodies are able to make effective decisions. The article analyzes the processes, main methods, advantages, and development prospects of Data Science.

References

1. Provost, F., & Fawcett, T. (2013). Data Science for Business. O’Reilly Media.

2. Grus, J. (2019). Data Science from Scratch. O’Reilly Media.

3. Géron, A. (2022). Hands-On Machine Learning with Scikit-Learn, Keras, and TensorFlow. O’Reilly Media.

4. Davenport, T. H., & Harris, J. G. (2017). Competing on Analytics. Harvard Business Review Press.

5. Decree of the President of the Republic of Uzbekistan “On the Strategy Digital Uzbekistan — 2030,” dated October 5, 2020.

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Published

2026-06-17