In the simplest terms, Data Science is the transformation of Data into actionable insights. Raw data must be processed and transformed to produce information. That information is then analyzed to derive knowledge. The end goal of the exercise is for the knowledge to drive action.
OnPoint For Organizations
Industry experts predict that "through 2019, 90% of large organizations will have hired a Chief Data Officer (CDO); of these, only 50% will be hailed a success." - Gartner
"By 2020, 10% of organizations will have a highly profitable business unit specifically for productizing and commercializing their information assets." - Gartner