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New Research Proves Increased Awareness in the Value of Open Data Science

By   /  February 16, 2017  /  No Comments

by Angela Guess

According to a new press release, “New research announced today by Continuum Analytics, the creator and driving force behind Anaconda, the leading Open Data Science platform powered by Python, finds that 96 percent of data science and analytics decision makers agree that data science is critical to the success of their business, yet a whopping 22 percent are failing to make full use of the data available. These findings are included in Continuum Analytics’ new eBook, Winning at Data Science: How Teamwork Leads to Victory, based on the company’s inaugural study that explores the state of Open Data Science in the enterprise. Download the eBook here.”

The release continues, “The research, conducted by independent research firm Vanson Bourne, surveyed 200 data science and analytics decision makers at U.S. organizations of all sizes and industries, to examine the state of Open Data Science in the enterprise. Continuum Analytics also surveyed more than 500 data scientists to uncover similarities and disparities between the two groups. Topics ranged from the value of data science, challenges around adoption and how data science is being utilized in the enterprise.”

It goes on, “Key takeaways and findings from the research include: The benefits of data science in the enterprise are undisputed; 73 percent of respondents ranked it as one of the top three most valuable technologies they use. Conversely, findings show that a disparity exists between understanding the impact of data science and actually executing it in the enterprise––62 percent said data science is used at least on a weekly basis, but just 31 percent of that group are using it daily… Despite the benefits offered by data science, 22 percent of enterprise respondents report that their teams are failing to use the data to its potential. What’s more, 14 percent use data science very minimally or not at all, due to three primary adoption barriers: executive teams that are satisfied with the status quo (38 percent), a struggle to calculate ROI (27 percent) and budgetary restrictions (24 percent).”

Read more at Business Wire.

Photo credit: Continuum Analytics

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