A scientific approach to better understand your data
Take the next step and release science on your data. With Data Science you understand why patterns exists and how they work. To build confidence in your derived knowledge you test hypothesis you developed.
Explain relatioships and patterns?
Use statistics to describe and explain structures found in data
Using statistics you investigate patterns and insights in the data to describe what has happened. One step further also explain why things happened. This is the correlation between several data points which influence the outcome. Not only does Data Science describe and explain patterns, it also delivers prove.
Use knowledge based on analytics to predict and prescribe actions
While describing and explaining patterns you gained knowledge. Many times this is called data mining. You use this knowledge to improve performance of your business by starting to predict. Predicting in Data Science involves statistics which predict based data and knowledge. One who can predict, can also prescribe actions to be taken. Prescribing actions improves performance because you take action before things happen.