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September 8, 2023
Data is central to how a company operates, especially in uncertain economic times. It offers organizations the chance to optimize operations, improve efficiency and deliver better business outcomes. To extract the maximum value from data, the analysts, data scientists, developers and engineers need to work together effectively − but this is becoming ever more challenging. In many organizations, the demand for business insights is also becoming so relentless it is outgrowing the capacity of in-house data teams.
So what can business leaders do? For many, Python is seen as an ‘equalizer,’ offering an open source framework that enables data teams to reach the cutting edge of data insights. Python is now the most popular language for data science, used by 15.7 million developers globally. For organizations, it can be a key differentiator for advanced data analytics.
Python can be seen across many aspects of our lives, however, not everyone may realize it. It is the basis of the Netflix algorithm and the software that controls self-driving cars that you see on the streets. As a general-purpose language, Python is designed to be used in a range of applications, including data science, software and web development, and automation. It is this versatility along with its beginner-friendliness that makes it accessible to everyone, allowing teams of machine learning (ML) and data engineers, and data scientists to collaborate with ease.
Python is developed under an open source license, making it freely usable and distributable. It has a rich ecosystem of open source libraries that are often targeted for cyber attacks. That is the reason why it is important to proactively address how users access and interact with open source tooling in an organization.
For businesses, an open source approach offers distinct advantages. There is a vast community of developers contributing to Python projects, making it easier for organizations to collaborate and achieve their goals. With its rich ecosystem of open source packages, businesses can leverage Python to accelerate projects, without having to deal with the complexity of deploying third-party applications. It is for these reasons that Python has become so popular in the data science field.
Another key aspect of Python’s appeal is speed. In many data analytics use cases, the Python code tends to be simple – requiring just a few lines — which means that time to market is reduced. This makes Python a natural fit for artificial intelligence (AI) and its algorithmic density. In Python, developers can build logic with as much as 75% less code than other comparable languages.
According to the latest Python Developers Survey, data analysis is now the single most popular usage for Python, cited by 51% of developers, with ML also among the top uses of the language, cited by 38%. Python provides data scientists with over 70,000 libraries that can be used in any given task.
These libraries contain bundles of code, which can be used repeatedly in different programs, making Python programming simpler and more convenient as data scientists will rarely have to start from scratch. Take Streamlit as an example. As a Python-based library, it’s specifically designed for developers and ML engineers to rapidly build and share ML and data science apps.
For businesses hoping to get to grips with ML for the first time, Python is a clear winner. It offers concise code, allowing developers to write reliable ML solutions faster. This means developers can place all of their efforts into solving an ML problem, rather than focusing on the technical nuances of the language. It is platform-independent, allowing it to run on almost every operating system, which makes it perfect for organizations that do not want to be locked into a proprietary system.
As a result, Python improves how cross-functional teams of data scientists, data engineers, and application developers can collaborate in taking ML models from experiments into production − one of the key challenges ML practitioners face according to the Anaconda State of Data Science report.
Across industries, Python is making a fundamental difference in how businesses operate, saving time, money, and better utilizing their employees’ skills.
For example, in health care, the principal application of Python is based on ML and natural language processing (NLP) algorithms. Such applications include image diagnostics, NLP of medical documents, and the prediction of diseases using human genetics. This is an area where the sensitivity of patient data means that secure and governed processing of information is essential, and this remains a key challenge for businesses.
The industry widely recognizes the importance of Python, having set up the NHS Python Community. Led by enthusiasts and advocates of practice, the community champions the use of the Python programming language and open code in the NHS and health care sector.
Elsewhere, in the utility sector, Python is being adopted to open up new applications to help customers save money and energy. Take EDF as an example - the energy giant moved away from legacy systems in order to have a more unified view of its data. A crucial aspect of this involved utilizing Python to enable data scientists to bring ML models into production.
By taking an integrated approach, the company is able to better understand the requirements of its customers and develop new products via ML techniques. As a result, EDF can better support financially vulnerable customers, setting up strategies if they start to face difficulties, and predicting it before it happens.
For most scenarios, whether it is analytics, ML or app development, Python is not the only language being used. Rather, it is often paired with SQL, Java and other languages used by different teams. Integrating Python into data platforms provides organizations with a unique way to create their own applications to derive business value from their data across teams and programming language boundaries.
Doing so in a streamlined single cloud service removes much of the expense and complexity traditionally associated with building and managing data-intensive applications catering to different programming language preferences from different teams. Using a cloud data platform — along with the languages that developers are already comfortable with — offers a simpler, faster way to derive business insights from data.
Business leaders are set to face growing pressure to take advantage of the ever-expanding amount of data within their business. Python will be the turning point for organizations − with analysts, data scientists, data engineers and developers all able to collaborate and develop interactive applications to turn insights into action.
For everyone involved, it’s important to take a proactive approach to how open source is used, especially when processing sensitive data, to ensure data privacy. Business leaders who seek to operationalize the power of ML insights to meet customer needs cannot afford to ignore Python’s flexibility, performance and speed: it will be key to reaping the benefits of data in the business world of tomorrow.
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