From Complexity to Elegance for Data Scientists: Why btov Partners Invested in NeptuneComments Off on From Complexity to Elegance for Data Scientists: Why btov Partners Invested in Neptune
Data science is a very rapidly growing market. Most toolsets used by data scientists have been adopted from software engineering and are either primitive or overly complicated. Not surprisingly, a lot of data science projects fail, not least due to the lack of effective tools. Neptune.ai, a company based in Poland, makes an elegant new collaboration platform for data scientists that is going to change that. btov Partners is leading a new $3M seed financing round for Neptune. Here is why.
Once or twice a decade, the IT industry creates a fundamentally new job role. The pioneering programmers of the 50s and 60s had to do everything themselves: Write code, handle data, manage computers, make backups, etc. But as IT demand increased rapidly, this generalist approach didn’t scale anymore. That’s why the industry came up with more and more specialists: The first were the “operators” whose job it was to run and maintain computer systems. Then came database administrators, system programmers, analysts, architects, and so on. More recently, we have witnessed the rise of the frontend programmer, SCRUM master, DevOps engineer and UX specialist.
Data scientists are the most recent addition to this roster of specialists. According to some estimates, up to 10 million people will work as data scientists in five years from now. The pull from all kinds of industries is very strong as businesses get more and more data-driven and adopt machine learning and deep data analytics.