You’ve already figured out that your data science team cannot keep developing models on their laptops or a managed automated machine learning (AutoML) service and keep their models there. You want to put artificial intelligence (AI) and machine learning (ML) into action and solve real business problems.

We’re proud to share that Iguazio has received an honorable mention in the Gartner Magic Quadrant for Data Science and Machine Learning Platforms, 2021. This is the second year in a row that Iguazio receives this recognition. The 2021 report assesses 20 vendors of platforms enabling data scientists and engineers to develop, deploy and manage AI/ML in the enterprise, across a wide array of criteria relating to their capabilities, performance and completeness of vision.

There is nothing permanent except change. In a world of turbulent, unpredictable change, we humans are always learning to cope with the unexpected. Hopefully, your machine learning business applications do this every moment, by adapting to fresh data. In a previous post, we discussed the impact of COVID-19 on the data science industry.

We’re seeing an increase in demand for hybrid AI deployments. This trend can be attributed to a number of factors. First of all, many enterprises look to hybrid solutions to address data locality, in accordance with a rise in regulation and data privacy considerations. Secondly, there is a growing number of smart edge devices powering innovative new services across industries.

Data science has become an important capability for enterprises looking to solve complex, real-world problems, and generate operational models that deliver business value across all domains. More and more businesses are investing in ML capabilities, putting together data science teams to develop innovative, predictive models that provide the enterprise with a competitive edge — be it providing better customer service or optimizing logistics and maintenance of systems or machinery.

Artificial intelligence and machine learning are relentlessly revolutionizing marketplaces and ushering in radical, disruptive changes that threaten incumbent companies with obsolescence. To maintain a competitive edge and gain entry into new business segments, many companies are racing to build and deploy AI applications.

Simplifying feature engineering for building real-time ML pipelines might just be the next holy grail of data science. It’s incredibly difficult and highly complex, but it’s also desperately needed for multiple use cases across dozens of industries. Currently, feature engineering is siloed between data scientists, who search for and create the features, and data engineers, who rewrite the code for a production environment.

Retaining customers is more important for survival than ever. For businesses that rely on very high user volume, like mobile apps, video streaming, social media, e-commerce and gaming, fighting churn is an existential challenge. Data scientists are leading the fight to convert and retain high LTV (lifetime value) users.

The success and growth of companies can be determined by the technologies they rely on in their tech stack. To deploy AI enabled applications to production, companies have discovered that they’ll need an army of developers, data engineers, DevOps practitioners and data scientists to manage Kubeflow — but do they really? Much of the complexity involved in delivering data intensive products to production comes from the workflow between different organizational and technology silos.

Data science has come a long way, and it has changed organizations across industries profoundly. In fact, over the last few years, data science has been applied not for the sake of gathering and analyzing data but to solve some of the most pertinent business problems afflicting commercial enterprises.