DATA ANALYTICS VS DATA SCIENCE: CONCEPTS, DIFFERENCES, AND THEIR ROLE IN THE MODERN ECONOMY
Keywords:
data analytics, data science, big data, business analytics, machine learning, digital economy, data-driven decision makingAbstract
The rapid development of digital technologies has led to the exponential growth of data in nearly every sector of the global economy. As organizations increasingly rely on data-driven decision-making, the disciplines of data analytics and data science have become fundamental tools for extracting insights from large and complex datasets. Although these terms are often used interchangeably, they differ significantly in their scope, methodologies, and practical applications. This article examines the conceptual foundations of data analytics and data science, identifies the key differences between the two disciplines, and analyzes their role in modern economic systems. The study highlights that data analytics focuses primarily on analyzing historical data to support business decision-making, whereas data science integrates statistics, programming, and machine learning techniques to develop predictive models and generate new knowledge from data. The findings indicate that both fields play complementary roles in enhancing organizational performance, improving economic efficiency, and supporting innovation in the digital economy.
Downloads
References
Davenport, T., & Patil, D. (2012). Data Scientist: The Sexiest Job of the 21st Century. Harvard Business Review.
Winston, W. (2016). Microsoft Excel Data Analysis and Business Modeling. Microsoft Press.
Provost, F., & Fawcett, T. (2013). Data Science for Business. O’Reilly Media.
McKinney, W. (2017). Python for Data Analysis. O’Reilly Media.
Abdukarimov, I. (2018). Foundations of Economic Analysis. Tashkent: Fan va texnologiya.
Higgins R. Analysis for Financial Management. – New York: McGraw-Hill, 2021.
Eshboyeva, M., Eshboyev, T., & Saitov, S. (2025, November). GREEN ECONOMY AS THE FOUNDATION OF SUSTAINABLE DEVELOPMENT: GLOBAL PERSPECTIVES AND NATIONAL STRATEGIES. In Scientific practical conference (Vol. 1, No. 1, pp. 235-238).
Madina, E. (2025). MAMLAKAT INNOVATSION SALOHIYATI. FORMATION OF PSYCHOLOGY AND PEDAGOGY AS INTERDISCIPLINARY SCIENCES, 4(40), 197-201.
Eshboyeva, M. (2024, December). BARQAROR RIVOJLANISHNI TA'MINLASHDA" YASHIL IQTISODIYOT" NING O'RNI: https://doi. org/10.5281/zenodo. 14564325. In International scientific and practical conference (Vol. 1, No. 2, pp. 162-165).
Utayevna, O. R. N. (2024). ENSURING SUSTAINABLE DEVELOPMENT WITH THE IDEA OF “GREEN ECONOMY”. INNOVATION IN THE MODERN EDUCATION SYSTEM, 5(47), 211-214.
Toshboyev, B. (2020). The impact of changing paradigms in the national mentality on the education of the individual. Архив Научных Публикаций JSPI.
Eshboyeva, M., Eshboyev, T., & Saitov, S. (2025). GREEN ACCOUNTING IN UZBEKISTAN: SUSTAINABILITY AND INTERNATIONAL FINANCIAL REPORTING STANDARDS. Scientific journals" D-PRESS SERVICES", 1(7), 88-91.
Bo‘ltakov, S. (2025, November). O ‘ZBEKISTONDA BALIQCHILIKNI RIVOJLANTIRISHNING IQTISODIY ISTIQBOLLARI. In Scientific practical conference (Vol. 1, No. 1, pp. 565-567).
Saitov S. et al. O ‘ZBEKISTONDA SANOAT KORXONALARIDA INVESTITSION FAOLIYATNI RAG ‘BATLANTIRISH YO ‘NALISHLARI //Новости образования: исследование в XXI веке. – 2025. – Т. 3. – №. 33. – С. 728-730.
Saitov S. et al. SANOAT KORXONALARIDA INVESTITSION FAOLIYATINI TAKOMILLASHTIRISHNING ILMIY-NAZARIY ASOSLARI //Новости образования: исследование в XXI веке. – 2025. – Т. 3. – №. 33. – С. 731-733.
Nasrullayeva S., Saitov S. RAQAMLI TEXNOLOGIYALAR ASRIDA SUN’IY INTELLEKTNING JAMIYAT RIVOJI, INSON FAOLIYATI VA IJTIMOIY-IQTISODIY JARAYONLARDAGI O ‘RNI //Scientific practical conference. – 2025. – Т. 1. – №. 1. – С. 105-108.
Downloads
Published
Conference Proceedings Volume
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
