Verta Releases 2022 State of Machine Learning Operations Study

PALO ALTO, Calif., Sept. 13, 2022 -- Verta Inc., a leading provider of enterprise model management and operational artificial intelligence (AI) solutions, today released findings from the 2022 State of Machine Learning Operations study, which surveyed more than 200 machine learning (ML) practitioners about their use of AI and ML models to drive business success. The study was conducted by Verta Insights, the research practice of Verta Inc., and found that although companies across industries are poised to significantly increase their use of real-time AI within the next three years, fewer than half have actually adopted the tools needed to manage the anticipated expansion. In fact, 45% of the survey respondents reported that their company reported having a data or AI/ML platform team in place to support getting models into production, and just 46% have an MLOps platform in place to facilitate collaboration across stakeholders in the ML lifecycle, suggesting that the majority of companies are unprepared to handle the anticipated increase in real-time use cases. The survey also revealed that just over half (54%) of applied machine learning models deployed today enable real-time or low-latency use cases or applications, versus 46% that enable batch or analytical applications. However, real-time use cases are set for a sharp increase, according to the study.