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Source: Enterprise Strategy Group Research Report, Decoding the Data Universe: The State of Data Science and Machine Learning, February 2024.
Organizations continue to hone their strategic focus on data-driven decision-making, in turn driving widespread deployment of data science and ML initiatives. However, numerous challenges can prevent the successful integration of data into models and overall organizational strategies and mindsets. The inherent complexity of data science and ML initiatives fuels a rising need for improved agility, efficiency, and performance, along with well-planned risk reduction and compliance measures. Rapidly evolving strategies increasingly reflect a highly diverse data science ecosystem.
