The Evolution of Data as a Commodity

Data has transformed from a byproduct of operations into a highly sought-after commodity, driving significant business insights. The global data analytics market is projected to grow substantially, from $241 billion in 2021 to $656 billion by 2030, highlighting its increasing importance. This surge in data complexity necessitates skilled data scientists, whose job growth is expected to outpace the average across other roles, at an impressive 36% by 2031. However, despite the advanced analytical capabilities of data scientists, their tools often remain outdated and plagued by inefficiencies, involving cumbersome processes like exporting to CSVs and inserting screenshots into reports.