Data Related Concepts

Data Discovery

Data discovery is the business-user-oriented data science process of visually navigating data and applying advanced analytics in order to detect patterns, gain insight, answer highly specific business questions, and derive value from business data. It democratizes data insight, allowing business users in every department to understand their customers and operations without IT or data expertise. With the adoption of data discovery solutions, organizations can easily convert raw data into meaningful, actionable insights and recommendations that can help data scientists to make daily and long-term strategic business decisions. The global data discovery market size to grow from $7.0 billion in 2020 to $14.4 billion by 2025, at a CAGR of 15.6% during the forecast period.