Internal Process Optimization (IPO) is one of the core applications of data science in business operations. It focuses on improving internal efficiency, reducing costs, and enhancing productivity using data-driven insights.
Typical components of IPO include:
Business Monitoring (Option A): Tracking performance metrics and KPIs in real time.
Business Insights (Option C): Identifying trends, anomalies, and inefficiencies through analytics.
Business Optimization (Option D): Applying data models to optimize workflows, resource utilization, or supply chains.
However:
Business Metamorphosis (Option B): Refers to fundamental transformational change or reinvention of a business model, not process-level optimization. This is more aligned with strategic transformation, not internal process optimization.
Therefore, the correct answer is Option B (Business Metamorphosis).
[Reference:, DASCA Data Scientist Knowledge Framework (DSKF) – Business Applications of Data Science: Internal Process Optimization.]
