Leaders in the DSML market include Alteryx, Amazon, Databricks, Dataiku, Microsoft, and SAS.
Miami, April 30, 2024–(BUSINESS WIRE)–As data volumes explode exponentially across industries and organizations, the data science and machine learning (DSML) platform market is growing rapidly as the data science and machine learning (DSML) platform market seeks to derive actionable insights from this data to stay competitive. It relies more and more on generating and continues to expand.
“Data science and machine learning platforms are essential for quickly translating artificial intelligence models into real-world applications,” said Samuel Hamway, senior analyst. “As data volumes continue to grow exponentially, these platforms provide critical tools to efficiently process vast data sets and extract valuable insights. It is essential to keep up with the increasing complexity and scale of data handled by companies.”
Vendors in the DSML market are driving product development through enhanced data science workflows using advanced machine learning, going beyond traditional BI tools in predictive and prescriptive analytics. These tools integrate real-time data and predictive modeling, manage unstructured data, and often empower non-technical users, allowing organizations to do more with less. . Additionally, the incorporation of generative AI models extends the capabilities of many vendors, enabling a wide range of applications from content creation to advanced analytics.
This year's Value Matrix leaders offer advanced functionality without sacrificing ease of use, even at scale. These include Alteryx, Amazon, Databricks, Dataiku, Microsoft, and SAS.
This year's Value Matrix Experts are organizations that deliver value to customers with complex use cases through advanced capabilities and industry-specific capabilities. These include Google, MathWorks, Oracle, and Palantir.
This year's Value Matrix accelerators deliver value through improved ease of use and faster implementation. These include Altair, DataRobot, and H2O.ai.
Core providers deploy and deliver core capabilities more quickly and at lower cost. This year's Value Matrix Core Providers are Cloudera, Hex Technologies, IBM, and Samsung.
Click here to download the entire 2024 DSML Technology Value Matrix.
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