Data Science is a field at the intersection of statistics and computer science, concerned with finding patterns in large volumes of data. The basis for several technological advancements including speech recognition, autonomous driving, and product recommendations, Data Science has made an impact across every major field.

Statistics is foundational to the field of Data Science. In fact, Statistics is among the most important disciplines that help in finding structure in data and gaining deeper insights. Popular statistical methods such as Classification, Regression, Hypothesis Testing, and Time Series Analysis are used to create models and Data Scientists use these methods to run experiments and interpret results. With statistics, one can quickly summarize the data and present it in a format that is easily understood.

A thorough understanding of statistics helps Data Scientists to conduct a quantitative analysis of the data.