The second wave of the introduction of AI / ML in companies is increasing rapidly. We anticipate it will peak in 2021 as many organizations have increased and accelerated their investments in tools and people.

It was one of the signature conclusions of our 2021 business machine learning trends report: 83% of the companies we surveyed said their AI / ML budgets increased year over year, and we found that the average number of data scientists they employed increased 76% year over year. These changes came despite the fact that many organizations tightened their overall spending and realigned their strategic priorities in light of the disruptions and uncertainties surrounding the COVID-19 pandemic in 2020. These companies are not simply pushing their AI / ML initiatives forward despite the pandemic. This will double your investments.

Many companies have started to understand the importance of ML to stay competitive in …

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