SAN FRANCISCO, Calif.— March 1, 2018 – Domino Data Lab, provider of the most advanced data science platform, today announced the findings of a survey of more than 250 data science leaders and practitioners. The survey revealed factors that enable data science teams to achieve return on investment (ROI), top capabilities contributing to their success, and priorities they must address this year. Ultimately, model-driven organizations — those who’ve mastered the technical and management practices necessary to embed algorithmic-driven decision-making at the core of the business — are reaping the most returns.
“The survey findings highlight a divide between organizations that view data science as a technical practice as opposed to an organizational capability woven throughout the business fabric,” said Nick Elprin, co-founder and CEO at Domino. “Those who treat data science as a core business capability are better equipped to build and deploy models quickly, manage and monitor them in production, and calculate models’ impact on the business.”
The survey, which ran from November 2017 through January 2018, surfaced four fundamental findings:
Find Domino Data Lab at Upcoming Conferences:
The company will be discussing the key findings of this survey at Strata Data Conference, March 5-8 in in San Jose, California. Visit the booth #1231 for a copy of the full report.
To learn more about how to deliver data science as a core competency of the business, to network with other data science leaders, and to meet Domino, attend the inaugural Rev conference on May 30-31, 2018 in San Francisco.
Gartner, Inc. positioned Domino Data Lab as a Visionary in its 2018 Magic Quadrant for Data Science and Machine Learning Platforms report. Read the report here.
Karina Babcock, Director of Corporate Marketing
About Domino Data Lab
Domino Data Lab provides the world’s most advanced data science platform, powering organizations that are using predictive models to drive their business. Companies including Allstate, Coatue, Mashable, Bayer and startups alike use Domino to accelerate breakthrough research, increase collaboration and productivity of data scientists, and more rapidly deliver models to drive business impact. Founded in 2013 and based in San Francisco, Domino is backed by Sequoia Capital, Bloomberg Beta, and Zetta Venture Partners. To learn more, visit dominodatalab.com.