Introduction and Definitions

Alex Coad ()

Chapter Chapter 1 in Data Science MBA, 2025, pp 1-15 from Springer

Abstract: Abstract This chapter introduces the fundamental concepts of digitization and digitalization and presents data exploring the current state of digital transformation across various firms and countries. It discusses the three Vs of big data—Volume, Velocity, and Variety—and introduces the hierarchical relationship between the concepts of Big Data, Data Science, Machine Learning, and Artificial Intelligence. The chapter also draws lessons from historical technological advancements like electrification to provide a context for understanding the impact of digital transformation.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-981-95-2433-4_1

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DOI: 10.1007/978-981-95-2433-4_1

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