Exploring the data science project life cycle

Each data science project has several distinct states. We can structure projects in different domains and different technologies into stages that comprise the data science project life cycle, as shown in the following diagram:

Let's explore each stage of the life cycle in more detail.

Business understanding

During this stage, you apply your domain expertise and research the business side of the project. You define the business requirements and confirm that their implementation would make the lives of your customers better. You should also define and document all the relevant business metrics that will allow you to measure and report on results in a way that is understandable...