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What is Data Science?

Data science is a field of Big Data geared toward providing meaningful information based on large amounts of complex data. Data science, or data-driven science, combines different fields of work in statistics and computation in order to interpret data for the purpose of decision making. Data is generated everywhere, when we make phone calls, purchase items, or have an injury, information is generated. United Safety Technologies can compile, clean, and organize the data generated by your organization and provide insight to help you make a more informed decisions pertaining to the future.

BREAKING DOWN Data Science

Data is drawn from different sectors and platforms including cell phones, social media, e-commerce sites, healthcare surveys, internet searches, etc. The increase in the amount of data available opened the door to a new field of study called Big Data — or the extremely large data sets that can help produce better operational tools in all sectors, including safety. The continually increasing sets of and easy access to data are made possible by a collaboration of companies known as Fintech, which use technology to innovate and enhance traditional financial products and services. The data produced creates even more data which is easily shared across entities thanks to emergent Fintech products like cloud computing and storage. However, the interpretation of vast amounts of unstructured data for effective decision making may prove too complex and time consuming for companies, hence the emergence of data science.

Here are some advantages of data science in business:

Mitigating risk and fraud. Data scientists are trained to identify data that stands out in some way. They create statistical, network, path, and big data methodologies for predictive fraud propensity models and use those to create to alerts that help ensure timely responses when unusual data is recognized.

Delivering relevant products. One of the advantages of data science is that organizations can find when and where their products sell best. This can help deliver the right products at the right time—and can help companies develop new products to meet their customers’ needs.

Personalized customer experiences. One of the most buzzworthy benefits of data science is the ability for sales and marketing teams to understand their audience on a very granular level. With this knowledge, an organization can create the best possible customer experiences.

United Safety Technologies can provide the insight required to help you with all your business decisions based on the data you provide and with the use of Fintech type technologies.

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At United Safety Technologies we are known for submerging  ourselves in the internal operations of our clients, through which we get a deep understanding of their workflow processes and procedures. Because of our team’s  extensive background in the construction field, we can assimilate into the frontline environment and glean a thorough understanding of your current challenges, and work with you to craft a best-in-class safety program. 

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