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Data analysis becomes a critical component of current corporate operations. In the modern data-driven world, organizations acquire massive volumes of data from various sources, such as interactions with customers, sales transactions, networking sites, and so on. However, gathering data is merely the beginning of the data analysis procedure. Organizations must adhere to an established data science phase to extract important insights and drive relevant business decisions. You can find a detailed explanation of the data science proc... more

Data science is a rapidly expanding field today and many industries are utilizing it for their benefit. The manufacturing sector is no exception. In fact, the manufacturing industry heavily relies on data in today’s digital world. But How exactly? Keep on reading to know.  Prize Optimization The cost of a product is one of the market's competitive elements. The final cost of a product relies on several factors. Raw materials, equipment, labor costs, electricity, discarded products, packaging, and supply are some. The sum... more