Data science: the best job in 2018 and the startup shaking up this rising industry

If you are wondering what your purpose is, scrolling through job boards, unsure of what to do in 2018, perhaps consider a job in data science.

According to Glassdoor’s 50 Best Jobs In America For 2018, “Data Scientist” has been named the best job in America for three years running, with a median base salary of $110,000 and 4,524 job openings. 

Clearly, there is a lot of potential within this industry, not only for employees looks for a lucrative career, but also for ambitious startups such as John Snow Labs.

John Snow Labs, an award-winning global data operations company, recently announceed the launch of the first-ever fully white label data science platform. The solution is designed to help technology companies, healthcare providers, researchers, governments and non-profit organizations use data to improve human well-being.

John Snow Labs’ complete enterprise-grade platform provides businesses a cost-effective solution to build, scale, deploy and operate AI products and services in existing on-premise or cloud architectures.

The Data Lab solution provides companies with the full source code and the right to modify and extend it at will, giving them full control of their intellectual property, eliminating licensing costs as they scale, and securely taking them “from zero to production” with live models in less than 3 months. The solution was recently named as finalist for the 2017-18 Cloud Awards in the “Best Cloud BI or Analytics Solution” category.

John Snow Labs offers the data science platform with three distinct operating options. First, customers can request the deployment of a custom platform which they operate independently after training. Second, customers can sign up for software maintenance and support, which keeps them up to date with the latest cutting-edge data science and big data libraries. Finally, the platform can be fully managed, allowing the customer to focus entirely on building their own models and applications. Customers can switch between these options over time.

The Global Data Science Platform Market is growing quickly with a compound annual growth rate (CAGR) of 39.2%, with estimates marking the industry value at $385.2 billion by 2025. As AI becomes increasingly important to business survival and success, we are seeing a surge in the need for this new product category. Businesses require the ability to build and deploy state of the art models, get to market as fast as possible, and scale quickly across teams, products and customers.

“We are very pleased to accelerate companies and teams in navigating the complex challenges of production-grade data science. Integrating and preparing data for analysis, providing high-productivity modeling tools and enabling fast implementation at scale takes a lot of time and effort to get right. With the introduction of our solution, businesses can focus on what they do best, safe in the knowledge that their AI products will deliver as promised,” said Ali Naqvi, Data Lab Product Manager at John Snow Labs.

John Snow Labs strongly believes that companies should not trust such critical infrastructure to closed source platforms. Such platforms innovate more slowly, make it cost-prohibitive to scale, and prevent building self-competency over time. By partnering with its customers on their terms, John Snow Labs hopes to accelerate the use of AI and democratize its benefits.

Evidently, data science isn’t going away anytime soon, and if Glassdoor’s statistics and John Snow Labs’ progress is anything to go by, 2018 should be a big year for this rising industry, and everyone involved. As the old saying goes “knowledge is power,” and the data science industry looks like it is on track to become one of the most influential industries of our time.