Do you ever feel like terms like "big data," "data analytics," "data mining," "data optimization," etc. are bandied about to epic proportions these days? I mean, if you're in the field, you definitely notice these terms, but even your basic computer users and luddites are starting to notice these terms. Most people have a fairly decent idea of what these concepts mean.
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In the simplest term, Data Science is the transformation of Data into actionable insights or visions. Raw data or data that has not been processed for use1, must be processed and transformed to produce information. That information is then analyzed to develop knowledge. The end goal is for the knowledge to drive action.