Using Data Science in Business: A Focus on Uzbekistan
This article examines the increasing role of Data Science in business, with a focus on Uzbekistan. It discusses the application of key Data Science techniques, such as machine learning, big data analytics, and data visualization, in sectors like banking, telecommunications, and retail. The benefits of Data Science, including market forecasting and risk management, are contrasted with the challenges faced by businesses in Uzbekistan, such as a shortage of skilled professionals and inadequate technological infrastructure. Additionally, successful case studies from both Uzbekistan and international companies are provided to illustrate the practical impact of Data Science. The article concludes by highlighting the importance of Data Science in driving Uzbekistan's digital transformation and improving its business competitiveness. Data Science consists of various methods and tools, including Machine Learning, Big Data Analytics and Data Visualization. These tools collectively enable businesses to extract insights and drive decision-making.
Authors
- Sanjarbek Akmaljon O‘g‘li Tuychibayev
Institutions
- Westminster International University in Tashkent (UZ)
Publication Details
- Journal
- European journal of management, economics and business.
- Published
- 2024-11-01
- DOI
- https://doi.org/10.59324/ejmeb.2024.1(3).20
- Primary Topic
- Big Data and Business Intelligence
- Type
- article
- Field-Weighted Citation Impact
- 0.00