Almost all organizations are investing in data science, or planning to, as they seek to encourage experimentation and exploration to identify new business challenges and opportunities as part of the drive toward creating a more data-driven culture. My colleague, David Menninger, has written about how organizations using artificial intelligence and machine learning (AI/ML) report gaining competitive advantage, improving customer experiences, responding faster to opportunities and threats, and improving the bottom line with increased sales and lower costs. One-quarter of participants (25%) in Ventana Research’s Analytics and Data Benchmark Research are already using AI/ML, while more than one-third (34%) plan to do so in the next year, and more than one-quarter (28%) plan to do so eventually. As organizations adopt data science and expand their analytics initiatives, they face no shortage of options for AI/ML capabilities. Understanding which is the most appropriate approach to take could be the difference between success and failure. The cloud providers all offer services, including general-purpose ML environments, as well as dedicated services for specific use cases, such as image detection or language translation. Software vendors also provide a range of products, both on-premises and in the cloud, including general-purpose ML platforms and specialist applications. Meanwhile, analytic data platform providers are increasingly adding ML capabilities to their offerings to provide additional value to customers and differentiate themselves from their competitors. There is no simple answer as to which is the best approach, but it is worth weighing the relative benefits and challenges. Looking at the options from the perspective of our analytic data platform expertise, the key choice is between AI/ML capabilities provided on a standalone basis or integrated into a larger data platform.
In-database analytics is nothing new. For many years, analytic data platform vendors have incorporated analytics capabilities into their data platforms, while also continuing to partner with analytics
Of course, it may not be the case that the necessary functionality is available in the analytic data platform. One of the primary arguments for taking advantage of standalone AI/ML platforms is the
Most organizations will employ multiple approaches to AI/ML, utilizing in-database and standalone functionality, both on-premises and in the cloud, depending on the specific use case. Indeed, it is likely that even within specific AI/ML initiatives, multiple platforms and approaches will be used. As data platform providers continue to add ML capabilities to their products, they are likely to become suitable for a growing number or range of use cases. The need for standalone AI/ML platforms will continue, but I would recommend that all organizations evaluate the AI/ML functionality available from their preferred analytic data platform providers on an ongoing basis and keep themselves informed on the level of capabilities they have at their disposal.
Regards,
Matt Aslett