9 Reasons To Crowdsource Data Science Projects

The data science talent shortage has some companies thinking outside the box. Even if your company employs a formidable data science team, you would likely still benefit from third-party ideas or solutions. Data science competitions and other forms of crowdsourcing offer viable means of advancing the art of the possible relatively quickly and cost-effectively. We share some of the possibilities. 1 of 10 Data science competitions aren’t new, but their communities are growing rapidly and the problems they’re solving are changing over time. Generally speaking, data science competitions are being used for ideation and discovery, model and algorithm refinement, and for recruiting top talent. The competitions are a good option for startups and SMEs that need access to specialized resources, but can’t justify in-house resources. They’re also popular among established…

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