As businesses wrestle with ever-greater volumes of data, both generated within their organizations and collected from external sources, finding efficient ways to analyze and "operationalize" all that data for competitive advantage is increasingly challenging. The global machine learning market alone reached $15.44 billion in 2021, will reach $21.17 billion this year and is expected to grow to $209.91 billion by 2029 for a CAGR of 38.8 percent, according to a Fortune Business Insights report. The global market for data science platforms, meanwhile, was valued at $4.7 billion in 2020 and is projected to reach $79.7 billion by 2030, a CAGR of 33.6 percent, according to an Allied Market Research report. "Data science" and "machine learning" are sometimes confused and even used interchangeably. They are two different things, but they are related in that data science practices are key to machine learning projects.

Businesses today are leveraging ever-increasing volumes of data for competitive advantage. That means employing emerging technologies in data science, artificial intelligence, machine learning and even deep learning to prepare and organize big data and develop the machine learning algorithms and predictive models that support business intelligence applications used by analysts and information workers. Here's a look at 10 data science and machine learning startup companies with leading-edge products in the data science and machine learning arena that solution providers should be aware of.

Before businesses can take advantage of the growing volumes of big data being generated today, data scientists and developers have to prepare and organize the data and develop the underlying machine learning algorithms and predictive models that support the business intelligence applications used by analysts and information workers. Traditionally that work has been a time-consuming process. But data science, machine learning and artificial intelligence platforms automate much of that work, making it possible for businesses and organizations to leverage their big data assets more quickly for competitive advantage. Here's a look at 10 companies in the data science and machine learning arena that solution providers should be aware of.