What advantages do NumPy arrays offer over (nested) Python lists?

NumPy arrays offer several advantages over Python lists:

• Efficient storage and computation for large datasets.
• Homogeneous data type support, leading to faster operations.
• Built-in functions for mathematical and statistical operations.
• Broadcasting, which simplifies operations on arrays of different shapes.
• Memory-efficient views of data, reducing the need for copying.
• Extensive support for linear algebra, Fourier analysis, and more.