Data science platform incorporates a set of new generation technologies and architecture that are specially designed as a framework of the entire data science project. It consists of tools that are required to execute the life cycle of the data science project, which consists of different phases such as data ideation, integration & exploration; model development, and model deployment. In today’s world, it has become a critical investment choice that has significantly contributed to the growth of the smart and digital industry. Data analytics techniques are widely used in commercial industries to enable organizations to make more productive business decisions. The data analytics tool help businesses increase revenue, improve operational efficiency, optimize marketing campaigns, respond faster to emerging trends and gain a competitive advantage.
Technological advancements, especially in big data analytics and increasing adoption of various data analytical tools in industries across developed countries is a major factor driving growth of the target market. In addition, increasing adoption of various cloud based technologies and increasing data collection & analysis from mobile devices are other major factors expected to boost growth of the global data science market over the forecast period. Furthermore, factors boosting the global market include data explosion, the realization of the importance of data science by organizations, increase in data collection & analysis from mobile devices. Moreover, advancement of big data technologies, growing concern of data security & protection, and high initial investments are fuelling the growth of the target market. However, high initial cost is a major factor restraining growth of the global data science market. Additionally, growing concerns about data security & protection stored over the cloud is another major factor expected to hamper growth of the global market over the forecast period.
The global data science market is segmented into types, end-user and region. Based on types, the global market is subdivided into solution and services. On the basis of end-users, the target market is characterized into banking and financial institutions, telecommunication, transportation and logistics, healthcare, and manufacturing...
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Mr. Alex (Sales Manager)`
Prophecy Market Insights
Phone: +1 860 531 2701
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Contact Us:
Mr. Alex (Sales Manager)`
Prophecy Market Insights
Phone: +1 860 531 2701
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