Nucleus Research Releases Data Science and Machine Learning (DSML) Platform Technology Value Matrix 2024
Leaders in the DSML market include Alteryx, Amazon, Databricks, Dataiku, Microsoft, and SAS.
MIAMI, April 30, 2024–(BUSINESS WIRE)–The data science and machine learning (DSML) platform market has continued to expand as data volumes increase exponentially across industries and organizations increasingly rely on generating derive actionable insights from this data to stay competitive.
“Data science and machine learning platforms are crucial for quickly translating artificial intelligence models into real-world applications,” said senior analyst Samuel Hamway. “As data volumes continue to expand exponentially, these platforms provide essential tools to efficiently process and extract valuable insights from vast data sets. This capability is vital for organizations to keep up with increasing complexity and scale of the data they generate.”
Vendors in the DSML market are driving product development through enhanced data science workflows with advanced machine learning, outperforming 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, enabling organizations to do more with less. Additionally, the inclusion of generative AI models expands the capabilities of many vendors, enabling broader applications from content creation to advanced analytics.
This year’s Value Matrix leaders offer advanced functionality without sacrificing ease of use at scale. This includes 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 deep functionality and industry-specific capabilities. This includes Google, MathWorks, Oracle and Palantir.
This year’s Value Matrix accelerators deliver value through greater ease of use and rapid implementation. These include Altair, DataRobot and H2O.ai.
Top providers offer essential features with faster, less expensive adoption. This year’s Value Matrix core providers are Cloudera, Hex Technologies, IBM and Samsung.
To download the full DSML 2024 Technology Value Matrix, click here.
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Nucleus Research is a recognized global leader in ROI technology research. Using a case-based approach, we provide research streams and consulting services that enable vendors and end users to quantify and maximize the return on their technology investments. For more information, visit NucleusResearch.com or follow our latest updates on LinkedIn.
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