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👉🏻 Download Our Free Data Science Career Guide: https://bit.ly/2TquWvp 👉🏻 Sign up for Our Complete Data Science Training with 57% OFF: https://bit.ly/2TuKNJi Hi everyone and welcome to this week’s episode of 365 Data Use Cases! In this series of super informative videos, we explore the diverse areas where data is widely used nowadays. Let's be honest, every industry relies on data for insights and strategies. But you'll be amazed how fascinating some of these cases are! Video Timestamps: 0:00 Intro 0:21 What is spend data classification? 1:03 Normalizing and standardizing data 1:41 Classifying data with taxonomy 2:36 What is the benefit of data classification? 3:23 Contact Susan for questions or more info In this episode, our friend Susan, a.k.a. the Classification Guru, will share with you her favourite data use case – Spend Data Classification! As it turns out, big companies are often unaware of how much they spend on supplies and how their budget is distributed across different suppliers. This is where Susan comes to the rescue! By standardizing a company’s spend data and classifying it using a taxonomy, she establishes the exact amount expended on each product. What‘s the benefit of that invaluable insight? Watch the whole video to find out! ► Consider hitting the SUBSCRIBE button if you LIKE the content: https://www.youtube.com/c/365DataScience?sub_confirmation=1 ► VISIT our website: https://bit.ly/365ds 🤝 Connect with us LinkedIn: https://www.linkedin.com/company/365datascience/ 365 Data Science is an online educational career website that offers the incredible opportunity to find your way into the data science world no matter your previous knowledge and experience. We have prepared numerous courses that suit the needs of aspiring BI analysts, Data analysts and Data scientists. We at 365 Data Science are committed educators who believe that curiosity should not be hindered by inability to access good learning resources. This is why we focus all our efforts on creating high-quality educational content which anyone can access online. Check out our Data Science Career guides: https://www.youtube.com/playlist?list=PLaFfQroTgZnyQFq4nUfb-w2vEopN3ULMb #TheClassificationGuru #Taxonomy #DataScience
