Data Science and Machine Learning Platforms Statistics


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Data Science And Machine Learning Platforms Statistics 2023: Facts about Data Science And Machine Learning Platforms outlines the context of what’s happening in the tech world.

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Top Data Science And Machine Learning Platforms Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 15 Data Science And Machine Learning Platforms Statistics on this page 🙂

Data Science And Machine Learning Platforms “Latest” Statistics

  • According to the U.S. Bureau of Labor Statistics, employment in the industry will increase by 27.9% through 2026 as a result of the need for data science capabilities.[1]
  • A recent report by IBM and Burning Glass states that there will be 364K new job openings in data-driven professions by 2020 in the US.[1]
  • According to KD Nuggets, there were 48 instruments with 2% or more of the market in 2018, and among them, 14 had a loss in share while 34 saw a gain.[2]
  • The top 11 tools have the same percentage of market share in 2019 as they had in 2018.[2]
  • RapidMiner kept its share at around 51%, which was a reflection of both a large user base and a successful campaign to motivate its users.[2]
  • The tools that were part of the KD Nuggets poll in 2018 that reached at least 25 voters and had a share increase of 20% or more.[2]
  • The 20th annual KD Nuggets Software Poll had over 1,800 participants, and the average voter chose 6.1 different tools, so voters with just one choice stood out.[2]
  • The inaugural “Netflix Prize” competition was sponsored in 2006 by media services company Netflix to identify a software that could more accurately forecast user preferences and raise the accuracy of its current Cinematch movie recommendation algorithm by at least 10%.[3]
  • Some machine learning solutions make use of data and six learning algorithms, which operate under the premise that previous success is a good predictor of future success.[3]
  • The top Data Science courses are all included in Coursera Plus, an annual subscription that provides access to more than 3,000 courses, Specializations, Professional Certificates, and Guided Projects.[4]
  • In addition to the enormous demand, there is a severe lack of data scientists who are qualified, with 39% of the most demanding data science occupations needing a degree greater than a bachelors.[1]
  • In the case of the MicroMasters, passing the classes and earning a certificate will credit toward 30% of the Rochester Institute of Technology (RIT)’s complete Master of Science in Data Science degree.[5]
  • Apache Hadoop was identified as the second most crucial ability for a data scientist, according to a research by Villanova University, by 49% of data scientists.[6]
  • In 2018, Python surpassed R as the most widely used language for data science, with 66% of data scientists reporting using it daily.[6]
  • The Villanova University analysis on the data analytics skill gap states that 56% of data scientist employment include SQL as a necessity.[6]

Also Read

How Useful is Data Science and Machine Learning Platforms

One of the most attractive aspects of data science and machine learning platforms is their ability to automate complex processes and make sense of big data. By using sophisticated algorithms, these platforms can uncover patterns, trends, and anomalies that would be difficult or impossible for humans to identify on their own. This makes them invaluable for decision-making, forecasting, optimization, and countless other applications across various industries.

Moreover, the insights gained from data science and machine learning platforms can lead to significant efficiency improvements, cost savings, and strategic advantages for organizations. By analyzing data in near-real time, businesses can make faster, more informed decisions that are based on objective evidence rather than intuition or guesswork. This can help them stay ahead of competitors, anticipate market trends, and adapt quickly to changing conditions.

In addition, data science and machine learning platforms are also democratizing access to advanced analytics capabilities. It no longer requires a team of specialized data scientists to leverage these technologies effectively; many platforms offer user-friendly interfaces and tools that allow users with minimal technical experience to build and deploy machine learning models. This opens up new opportunities for more people to use data-driven insights in their work and unlock the potential of data science for a wide range of applications.

Furthermore, the integration of data science and machine learning platforms with other cutting-edge technologies such as cloud computing, the Internet of Things (IoT), and artificial intelligence is revolutionizing how businesses operate. By combining these tools, organizations can create powerful, interconnected systems that drive innovation, increase productivity, and generate new revenue streams. This convergence of technologies is paving the way for a more digitally enabled future where data becomes the lifeblood of every enterprise.

However, despite their many advantages, data science and machine learning platforms also come with challenges and considerations that need to be addressed. Firstly, ensuring the accuracy, reliability, and security of the data being used is crucial to prevent biases, errors, and potential breaches. Organizations must invest in data governance practices and robust security measures to safeguard their data assets and maintain trust with their stakeholders.

Secondly, the ethical implications of data science and machine learning should not be overlooked. As these technologies become more prevalent and powerful, there is a growing need to establish ethical guidelines and regulations to govern their use responsibly. This includes issues related to privacy, transparency, accountability, and bias in algorithmic decision-making, which can have far-reaching consequences on individuals and society as a whole.

In conclusion, the benefits of data science and machine learning platforms are unquestionable, as they offer unprecedented opportunities for innovation, growth, and progress in a data-driven world. However, it is essential for organizations and policymakers to engage critically with these technologies and address the challenges they pose to ensure that they are used in a responsible and ethical manner. In doing so, we can harness the full potential of data science and machine learning to create a sustainable and inclusive future for all.

Reference

  1. mit – https://micromasters.mit.edu/ds/
  2. kdnuggets – https://www.kdnuggets.com/2019/05/poll-top-data-science-machine-learning-platforms.html
  3. wikipedia – https://en.wikipedia.org/wiki/Machine_learning
  4. medium – https://medium.com/javarevisited/5-best-mathematics-and-statistics-courses-for-data-science-and-machine-learning-programmers-bf4c4f34e288
  5. learndatasci – https://www.learndatasci.com/best-data-science-online-courses/
  6. techtarget – https://www.techtarget.com/searchenterpriseai/tip/11-data-science-skills-for-machine-learning-and-AI

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