Dresner Advisory Services Publishes 2021 Data Science and Machine Learning Market Study
NASHUA, NH, August 30, 2021 - Dresner Advisory Services today published the 2021 Data Science and Machine Learning Market Study, part of its Wisdom of Crowds series of research. Data science and machine learning technologies include statistics, modeling, machine learning, and data mining used to analyze facts to make predictions about future or otherwise unknown events.
The 7th annual report examines end user deployment and trends around data science and machine learning (DS/ML). According to the report, the category of machine learning, data mining, advanced algorithms, and predictive analytics ranks 20th out of the 44 technologies and initiatives strategic to business intelligence in 2021. Current deployment of DS/ML is modest with current use at 39 percent, and steadily gaining traction over time.
“The perceived importance of data science and machine learning correlates with organizational success with BI, with users that self report as completely successful with BI almost twice as likely to rate data science as critical,” said Jim Ericson, vice president and research director at Dresner Advisory. “The perceived level of data literacy also correlates directly and positively with the current or likely future use of data science and machine learning in 2021.”
The roles of “BI expert” and “statistician/data scientist” are the most likely and most consistent users of data science and machine learning. Very large organizations are the most likely to adopt DS/ML and in terms of function its use is highest within the BI Competency Center and R&D.
Wisdom of Crowds® research is based on data collected on usage and deployment trends, products, and vendors. Users in all roles and throughout all industries contributed to provide a complete view of realities, plans, and perceptions of the market. For more information visit www.dresneradvisory.com
About Dresner Advisory Services
Dresner Advisory Services was formed by Howard Dresner, an independent analyst, author, lecturer, and business adviser. Dresner Advisory Services, LLC focuses on creating and sharing thought leadership for Business Intelligence (BI), Performance Management, and related areas.
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