Data science has today emerged as a very important field in the technology industry and is helping companies use data for better decisions and profits. According to Fortune Business Insights, the global data science platform market was valued at around US$ 104 billion in 2023 and is expected to grow to nearly US$ 777 billion by 2032, with a compound annual growth rate of nearly 25%. This rapid growth of data science has happened because of the increasing availability of data, improvements in computational power and the development of sophisticated machine learning algorithms.
While most organisations use proprietary tools for their large scale data science operations, open source platforms like Python, R, and Apache Spark are popular not just in academia but across various industries. These tools are free and anyone can use, modify and contribute to their development. As businesses increasingly seek professionals who can navigate data analysis, machine learning, and business intelligence, knowledge of open source platforms like Python and R makes a candidate more attractive to employers.
This story is from the February 2025 edition of Open Source For You.
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This story is from the February 2025 edition of Open Source For You.
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