What is the first stage of the data science methodology?

The first stage of the data science methodology is focused on understanding the business context and defining the core objectives of the analysis. This stage, known as Business Understanding, involves identifying the problem that needs solving and articulating the goals and success criteria associated with the data science project. It sets the foundation for subsequent steps, ensuring that the data collection, analysis, and modeling efforts are aligned with the business needs and objectives.

By starting with a clear understanding of what the business is trying to achieve, data scientists can better determine which data to collect, how to analyze it, and what models will be most relevant and impactful. This strategic alignment is crucial in driving value from the data science initiatives.