openPR Logo
Press release

Data Science Platform Market Trends and Prospects 2017-2025 : Domino Data Lab, IBM, Wolfram, Microsoft Corporation

11-14-2018 12:07 PM CET | IT, New Media & Software

Press release from: TMR Research

Data Science Platform Market Trends and Prospects 2017-2025 :

Global Data Science Platform Market: Snapshot

World over, data sets of different types and varying volumes are exploding in a way never witnessed before. There is a staggering rise of disparate data collected from millions of connected devices and machine learning systems and is still growing unhindered. A plethora of businesses processes generate data that are random, don’t make sense, and lie idle to be unearthed. The proliferation of big data and the burgeoning IoT assets, in developing and developed regions, is a crucial aspect bolstering the evolution of data science platforms. As a result, these developments have thrown advanced analytics and predictive modeling to the realm of optimal decision making, where these data are uncovered for useful patterns and actionable insights.

Data scientists, though, are engrossed in making sense of every bit and byte of these data, they usually work in silos using standalone tools and methods. This is a key constraint for organizations employing their expertise, which can’t grow for long, sans collaboration and reproducibility. To make things worse, it takes a mammoth of engineering and infrastructure resources to support data scientists. Hence, there is a pressing need for data science platforms that can churn out data models keeping in mind an application interface, which after the models are built can be integrated by the engineering team. These platforms not only make the work of data scientists easier in gleaning over the vast volumes of data to uncover relevant patterns but help them add value. The key function of a data science platform is to unite people, tools, data prep, machine learning, and assist in predictive model deployment.

Request Sample Copy of the Report @

https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1934

Global Data Science Platform Market: Overview

A good data science platform helps to find and understand past work to make it easier for data scientists. They aid in exploring data on large machines without the need for DevOps and infrastructure setup and facilitate seamless use of new tools and packages. To put it simply, they combine statistics, data analysis, and associated techniques to understand and gauge data.

Entities these days are adopting data science platforms to crunch data from various sources. They enable businesses to uncover appropriate answers to different business-related queries by providing them with valuable insights. Further, they aid in sorting data for efficient network planning and network optimization through examination of historical data of transportation routes.

Global Data Science Platform Market: Key Trends

The main driving force in the global market for data science platform is organizations’ need for processes facilitating simpler use of data to uncover actionable insights to grow their businesses. This is turn has been necessitated by the swift uptake of public cloud, artificial intelligence, Internet of things (IoT) applications, machine learning, etc. Further, progress in big data technologies and massive growth in data have also fostered growth in the market.

On the other hand, factors that are countering the global market for data science platform are dearth of reliability on data science among enterprises and government rules and regulations.

Global Data Science Platform Market: Market Potential

Very recently, in March 2017, global internet giant Google acquired data science platform Kaggle. Together, the two companies will nurture a thriving community of machine learning developers and data scientists, providing them direct access to sophisticated cloud machine learning environment. More than 800,000 users make up the Kaggle community that range from companies such as Facebook to entities like NASA. They use the platform to crowdsource data analysis through competitions. They dole out prize money to the user that generates the best data models.

Depending upon business functions, the global market for data science can be classified into marketing, logistics, sales, risk, operations, customer support, and human resources. Of these, the logistics segment is predicted to acquire maximum market share in the upcoming years by expanding at a breakneck pace.

End-use industries that are quickly adopting data science platforms are transportation and logistics, information and telecom, banking, financial services, and insurance, government and defense, healthcare and life sciences, energy and utilities, media and entertainment, manufacturing, retail and consumer goods, energy and utilities, etc.

Request TOC of the Report @

https://www.tmrresearch.com/sample/sample?flag=T&rep_id=1934

A data science platform can be installed either on-premise or on-demand. Among the two, the on-demand segment is forecasted to witness greater demand in the next couple of years because of the low cost of operation, ease of deployment, and improved scalability and integration.

Global Data Science Platform Market: Regional Outlook

Geographically, North America is a key region as it is home to important market players and a copious number of organizations who have been at the forefront of adopting new technologies. In the years ahead, however, Asia Pacific is will likely overtake all other regions in terms of growth rate because of increasing Foreign Direct Investments (FDIs), policy support for greater digitalization, smart city initiatives of different governments, and swift pace of industrialization. The fast-expanding developing economies in China, India, Australia, and New Zealand are mainly driving the market in the region.

Global Workplace Transformation Market: Competitive Analysis

Prominent names competing in the global data science platform market, listed in the report are Domino Data Lab, IBM, Wolfram, Microsoft Corporation, DataRobot Inc., RapidMiner Inc., Sense Inc., Dataiku, Alteryx, Inc., and Continuum Analytics, Inc.

Read Comprehensive Overview of Report @

https://www.tmrresearch.com/data-science-platform-market

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Contact:
TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050
Email: sales@tmrresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Data Science Platform Market Trends and Prospects 2017-2025 : Domino Data Lab, IBM, Wolfram, Microsoft Corporation here

News-ID: 1369369 • Views: 156

More Releases from TMR Research

Crowdsourced Security Market – Notable Developments, Upcoming Trends & Future …
Crowdsourced Security Market: Overview The global crowdsourced security market is expected develop at a healthy pace in the coming years of the forecast period of 2018 to 2028. The mobile phone application segment of the crowdsourced security market is expected to develop at a rapid pace in these coming years. The rate of adoption of these mobile application is growing at a great pace and is thus helping the market to
POS Printer Market In-Depth Overview, Growth Factors, Regional Analysis And Fore …
Global POS Printer Market: Overview With the ceaseless digitization of shopping and entertainment activities, receipt POS printers are increasingly becoming de facto for businesses for ease of transaction. The use of receipt POS printers in place of standard desktop printers directly results in savings for businesses. This is because receipt POS printers are compact in size, use less ink and paper, and easily fit on a table or anywhere else depending
Automatic Train Control Market Industry Challenges, Business Overview and Foreca …
Global Automatic Train Control Market: Overview The automatic train control market is rising owing to rise in population and urbanization, innovations targeting passenger convenience, and evolving trend of smart cities. The first share of the package of an automatic train control system is automatic train protection (ATP), in which the train is provided by a limit of movement authority (LMA). This depends on the train’s existing speed, its braking competence, and
Multi-Touch Market Reviews, Drivers, Strategies, Top Key Vendors - Forecast Till …
Global Multi-Touch Marketing Attribution Software Market: Overview Multi-touch marketing attribution software market is in its nascent stages of progress. The market prepares advertisers with a holistic understanding between various touch points and resulting final sales. The two approaches adopted in the multi-touch marketing attribution software market are first-source attribution and last touch attribution. As the name suggests, the first touch attribution devotes all credit to the first source which introduced a certain

All 5 Releases


More Releases for Data

Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY
Weather Station Data Logger Collects Meteorological Data
Complete Weather monitoring using an Intelligent Universal Data Logger A construction company needed to collect meteorological data to study the effects of building materials such as roofing tile. CAS DataLoggers provided the dataTaker DT-85 for an environmental monitoring solution. Long-term monitoring of a variety of weather data is required to determine how the products perform under harsh environmental conditions. The field engineer desired a single recording device to connect with
How to turn Data into Smart Data
Both enterprises and individuals have to process some kind of data every day, whether it is a short message, a notification, a piece of news, statistics, a video, etc. If we accumulate all the data acquired in a month, the amount guarantees to shock anyone. Turning data into smart data As we go through the daily pile of data generated, not only must we record it, we also need to make sense
B2B Data Services - Data Management - Data Providers
When it comes to Online Marketing, B2B Data Services is a well-known name for maintaining reputation among Digital Marketing competitors. It is a one stop shop for start-ups and enterprises looking for cost cutting and out of box solutions in the field of Data Management and services related to Campaign Marketing, Mobile Viral Marketing, Social Media, Search Engine Optimization, Email Marketing Campaigns and Internet Marketing. Sharing space among the well-established
Portable WiFi Data Loggers Record Data Anywhere!
Grant Squirrel Series Offers Reliable Standalone Operation wifi_dataloggersIf you need a device to collect data in the field, in the lab, or on the factory floor, CAS DataLoggers can provide your application with Portable WiFi Data Loggers from Grant Instruments. Common parameters such as Temperature, Humidity, Voltage, Current, Pressure and Force can all be measured and stored using Grant Squirrel series data loggers. These handheld data loggers have internal batteries allowing them
Voltage Data Acquisition Systems Capture Transient Data
Log Signals from the kHz to MHz range CHESTERLAND, OH—April 4, 2016 Do you need to record voltage for your application? CAS DataLoggers offers versatile data acquisition systems from ADwin and Delphin which can record voltage signals from a variety of sensors, electronic devices, or other equipment. Models are available with sample rates in the kHz or MHz range suitable for capturing transient events or for the timing of very fast sequences.