Data Science combines multiple fields, including statistics, machine learning, and data analytics, as well as computer science and mathematical concepts like linear algebra and calculus. Data is the foundation of growth in many industries, including health, finance, e-commerce, education, and, most crucially, technology and its derivatives (ed-tech, fintech, etc.).
Everything from managing databases to building the most complex of AI models comes under the umbrella of Data Science. Every company now has an AI branch, and every major tech company has dedicated part of itself to finding breakthroughs in AI.
What is Data Science?
Data science is the study of large amounts of data using current tools and methodologies to identify patterns, derive relevant information, and make business decisions. To create prediction models, data scientists use complicated machine learning algorithms. Data for analysis can be gathered from a variety of sources and presented in a variety of formats. Now that you understand what data science is, let’s look at the data science lifestyle.
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Why Care About Data Science Companies?
The field of Data Science is growing and evolving rapidly. It becomes necessary to know about the Data Science companies because:
- Data Science companies are prime factors in developing AI models.
- Data Scientists’ employment is expected to expand dramatically in the coming year.
- Data analytics and analysis services are a rapidly expanding market.
- Data-driven decision-making drives corporate success.
Top 10 Data Science Companies in 2024
Below are the top 10 Data Science companies to watch out for in 2024. These include certain Big Data companies, companies that provide Data Services in a Software as a Service (SaaS) format, and companies that have historically harnessed data for abundant growth.
1. Google
An example of Google’s contribution to Big Data is that the Google Search Engine alone processes over 3.5 billion requests/day. With the plethora of applications supported by Google LLC – like YouTube, Google Chrome, etc., big data optimization, analysis techniques, and AI integration within the company are key making it one of the largest employers of Data Science professionals in the world.
Key Features
- Google is the world’s largest producer of data (10 exabytes = 1019).
- Google Colab is a cloud-computing version of Jupyter Notebook that provides free computer resources including GPUs and TPUs widely used for building and hosting AI models.
- The Google ecosystem of applications (Google Drive, Google Docs, Sheets, etc.) freely hosted on the Google Cloud has made data accessibility simpler.
- It is estimated to have 1,000,000+ servers to host their data.
2. Microsoft
It is one of the top 3 contributors of big data and the largest employer of data science professionals in the world. Microsoft’s various services have made it a cornerstone for data science projects. It is one of the best companies to work for in the field of data due to its collaborative culture, research and development opportunities, and optimal career growth.
Key Features
- POWER BI is A leading data visualization tool developed by Microsoft and used by over 5 million people, especially in the Business Analytics field.
- Microsoft Cloud has over 4 million servers to host over 40 exabytes of data.
- Microsoft’s Azure ecosystem is the second-largest cloud platform in the world.
- Microsoft 365 COPILOT is the LLM that works with Edge and Bing.
3. Amazon
Amazon is one of the top 3 contributors of Data in the entire world making it irrefutably relevant in the data science space. The E-Commerce Giant alone has revolutionized the usage of Data Analytics and ML algorithms for retail businesses. Coupled with Amazon Prime, Amazon Music, Amazon Web Services, and other subsidiaries. It holds a plethora of opportunities for Data in terms of Research, Development, and jobs.
Key Features
- Amazon harnesses over 1 Million GBs (=1 petabyte) of data on the Amazon Web Crawler.
- Amazon Web Services: AWS is the leading cloud services provider in the world.
- It holds the largest number of servers in the world (1.4 Million) to host its data.
- The E-Commerce site has revolutionized the sector by utilizing Data technologies like demand optimization, fraud detection, recommendation engines, etc.
4. IBM
IBM has pioneered data science and AI engineering and holds a lot of notable accolades in the field. It is one of the top employers in the field of data science and contributes heavily to Big Data. It is crucial in the data science education sector as well, with its multiple data science certifications and courses; most of its software-based projects are open source as well.
Key Features
- A Big Data company generates 2.5 quintillion bytes of data every day.
- IBM Storage Scale is a software developed by IBM for Big Data Analytics
- IBM Cloud Pak for Data is a set of integrated s/w components for data analysis, organization, and management.
- IBM Watson Studio was built to build AI models
5. Fractal Analytics
A multinational AI and advanced analytics company, it is one of the most prominent providers of AI services to Fortune 100 companies. Established in 2000, they have gone on to build a plethora of analytical tools that solve common issues faced by their clients as well as specific AI products. Their services are primarily focused on Predictive Analysis. Their client pool consists of companies like Taj Group of Hotels, Standard Chartered Bank, etc.
Key Features
- AI Innovation Center is used to develop AI Solutions using technologies like Generative AI, Computer Vision, Cognitive Automation, Conversational AI, etc.
- Developed multiple AI-based tools like Crux: for AI-driven Business Intelligence and Eugene.ai: AI for sustainability.
- Asper.AI is a Subsidiary focused on AI-based decision-making for revenue growth.
- Publish ai: sight is a journal focused on ‘enabling beneficial and reliable AI for all.
6. Mu Sigma
A Data-driven decision-making and data analytics firm, Mu Sigma is one of the leading firms in providing data analysis services, (among others) to multiple industries across countless sectors in their pursuit of being a DECISION SCIENCES company.
They employ the brilliant technologies developed at Mu Sigma Labs to aid their customers in harnessing the latest trends and developments in their field and its technologies to ensure strategic decisions, making them one of the leading companies in the realm of outsourcing data-based actions. They are also allied with 140+ Fortune 500 companies including Microsoft, AWS, and Google Cloud to help them journey from data to decisions.
Key Features
- Saas provides Data Analysis and Decision-making services.
- Mu Sigma Labs is designed to develop new analytics models based on existing solutions.
- EoC Enablers of Confidence is a platform for decision scientists and business practitioners to explore problems and accelerate solution generation.
- Mu Sigma University provides industry-level education.
7. Accenture
Accenture Data Analytics and Services primarily specializes in data-driven digital transformation. This firm has specific departments for Data and Analytics, Artificial Intelligence, Cloud, and Automation that operate on the latest trends backed by the newest global research.
Key Features
- Cloud First is a cloud computing system allied with 350+ leading companies of the word including Red Hat, Google, Microsoft, Alibaba Cloud, etc.
- Solutions.AI is a collection of AI tools that offers maximization of business impact while minimizing action time.
- Allows customers to set up data collection pipelines for authentic analysis.
- One of the top employers of Data Science jobs in India.
8. Cloudera
A Hybrid Data Company, that focuses on harnessing the power of the hybrid cloud for data storage, allowing their customers to have ultimate flexibility with data accessibility. They also possess other significant services such as EnterpriseAI, Data Lakehouse, etc. that add to their unique operations. Their customer base includes leading companies like Morgan Stanley, intel, PhonePe, MasterCard, etc.
Key Features
- CPD Hybrid Cloud has various virtues like scalable storage, ML-based workloads, mobility, etc.
- Cloudera Operational Database is an automated Database Management for seamless and simplified operations.
- Cloudera is the only provider that combines hybrid cloud technology with data storage.
- Provider of high-paying data science jobs in India.
9. NVIDIA
It is a world leader in Artificial Intelligence and Analytics technologies. They are at the forefront of employing GPU technology for scientific problems. They have also developed NVIDIA AI to transform existing enterprises into AI-backed organizations.
Key Features
- Leading designer of GPUs (Graphics Processing Units).
- Accelerated analytics software 10x through the use of GPUs.
- Develop APIs (Application Programming Interfaces) for Data Science.
- Supplier of Hardware required for AI such as GPUs, robotics, etc.
10. AIRBNB
As a contender that has transformed the travel industry by using Machine Learning and Big Data Analytics. AIRBNB is the perfect example that every company has Data and needs professionals who can analyze it to harness insights and create solutions. Their data-based customer-centric approach has allowed them to build the algorithm they owe their success to.
Key Features
- The business model is heavily dependent on Big Data (11 Petabytes) analytics.
- Employ algorithms such as sentiment analysis, and predictive analysis to cater to their customers.
- Airbnb.io is the Airbnb Tech Blog that hosts open-source projects focusing on AI and Data Science such as Visa – which uses D3.js a JavaScript library for creating visualizations, and Polyglot.js a JavaScript library that helps you write code in multiple languages.
- One of the best data science companies to work for concerning growth, research, and compensation.
Conclusion
In one form or another, data science is used by over 60% of all businesses today, and that percentage is rising quickly. With new variables (new AI models, a continually shifting client base, new trends, etc.) being added to the mix regularly, the prospects in the field of data science are virtually limitless. With the constant data explosion, Data Science will remain a viable career option even in the face of automation’s potential takeover. The world will continue to function properly thanks to the work of data scientists.
