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.

Tapping into more compute power is the next frontier of data science. Data scientists need it to complete increasingly complex machine learning (ML) and deep learning (DL) tasks without it taking forever. Otherwise, faced with a long wait for compute jobs to finish, data scientists give in to the temptation to test smaller datasets or run fewer iterations in order to produce results more quickly.

Much has been written on the growth of machine learning and its impact on almost every industry. As businesses continue to evolve and digitally transform, it’s become an imperative for businesses to include AI and ML in their strategic plans in order to remain competitive. In Competing in the Age of AI, Harvard professors Marco Iansiti and Karim R. Lakhani illustrate how this can be confounding for CEOs, especially in the face of AI-powered competition.

Modern business applications leverage Machine Learning (ML) and Deep Learning (DL) models to analyze real-world and large-scale data, to predict or to react intelligently to events. Unlike data analysis for research purposes, models deployed in production are required to handle data at scale and often in real-time, and must provide accurate results and predictions for end-users.

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.