Software and operating system news
Rick Whiting
Data science and machine learning technologies are advancing rapidly, creating innovative ways for businesses to leverage their data assets and automate data-centric processes. Here are 10 startups with cutting-edge data science and machine learning technologies that caught our attention this year.
Steep learning curve
As businesses grapple with ever-increasing amounts of data generated within their organizations and collected from external sources, finding effective ways to analyze and “use” all that data for competitive advantage is becoming increasingly challenging.
This creates a demand for new tools and technologies in the field of data science and machine learning. The global machine learning market alone is expected to reach USD 15.44 billion in 2021, reach USD 21.17 billion this year, and reach USD 209.91 billion by 2029, growing at a CAGR of 38.8%. Fortune Business Insights report.
Meanwhile, the global market for data science platforms was valued at $4.7 billion in 2020 and is expected to reach $79.7 billion by 2030, at a CAGR of 33.6 percent. Allied Market Research Report.
The terms “data science” and “machine learning” are sometimes used interchangeably. These are two different things, but they are related because the practice of data science is key to machine learning projects.
Data science is a field of study that uses scientific methods to extract meaning and insights from data Master of Information Science website. This includes developing data analysis strategies, preparing data for analysis, developing data visualizations, and building data models.
According to a Fortune Business Insights report, Machine Learning, a broad subset of the AI world, uses data analytics to teach algorithms and data-driven models that mimic the way humans teach computers how to learn.
The demand for data science and machine learning tools has created a wave of startups developing leading technologies in the data science/machine learning space. Here are 10 of them.
*Aporia
*Bazeten
*Decision
* Galileo
*Neyton
* Pine cones
* Preliminary background
*Snorkel AI
* Vetitz
*Valuable
