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Plotly VS Numerai

Compare Plotly VS Numerai and see what are their differences

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Plotly logo Plotly

Low-Code Data Apps

Numerai logo Numerai

Hedge fund that crowdsources market trading from AI programmers over the Internet
  • Plotly Landing page
    Landing page //
    2023-07-31
  • Numerai Landing page
    Landing page //
    2023-06-15

Plotly features and specs

  • Interactivity
    Plotly offers highly interactive plots that allow users to pan, zoom, and hover over data points for more information. This enhances the user experience and provides deeper insights.
  • High-quality visualizations
    It provides aesthetically pleasing and highly customizable charts, making it suitable for publication-quality visuals.
  • Versatility
    Plotly supports multiple chart types including line charts, scatter plots, bar charts, and 3D plots, making it suitable for a wide range of applications.
  • Python integration
    Plotly is well-integrated with Python and works seamlessly with other popular data science libraries like Pandas, NumPy, and Scikit-learn.
  • Web-based
    The plots can be easily embedded in web applications or dashboards, making it ideal for sharing insights over the internet.
  • Open-source
    Plotly offers an open-source version, which allows users to create and share visualizations without any cost.

Possible disadvantages of Plotly

  • Performance
    Rendering very large datasets can sometimes be slow, which may not be suitable for real-time data visualization requirements.
  • Learning curve
    Even though the library is well-documented, the extensive range of features can have a steep learning curve for beginners.
  • Cost for advanced features
    While the basic functionality is free, more advanced features, such as export to certain formats and additional customizable options, require a paid subscription.
  • Dependency management
    Plotly has a number of dependencies that need to be managed properly, which can sometimes complicate the setup process.
  • Complexity
    For simple visualizations, Plotly might be overkill and simpler libraries like Matplotlib or Seaborn could be more appropriate.

Numerai features and specs

  • Innovative Crowdsourcing Model
    Numerai utilizes a crowdsourced approach to hedge fund management, inviting data scientists worldwide to contribute predictive models for stock market forecasts. This approach encourages diverse ideas and has the potential to improve forecast accuracy.
  • Data Anonymization
    Numerai provides data that is anonymized and purified, which allows data scientists to focus on modeling without worrying about privacy concerns and protecting proprietary data.
  • Potential Earnings
    Participants can earn rewards in the form of the cryptocurrency Numeraire (NMR) based on the performance of their models, which provides a financial incentive for contributing high-quality models.
  • Transparent Performance Monitoring
    Numerai provides a transparent performance evaluation system, allowing contributors to track the effectiveness of their models and see how they stack up against others in the community.
  • Community Collaboration
    The platform fosters a sense of community among data scientists, encouraging them to share ideas, collaborate, and learn from one another through forums and various competitions.

Possible disadvantages of Numerai

  • Complexity of Modeling
    Creating predictive models for financial markets is inherently complex and requires a deep understanding of data science and statistical methods, which may not be suitable for novice data scientists.
  • Volatility of Earnings
    Given that rewards are paid in cryptocurrency (NMR), the value of earnings may be subject to high volatility, which can affect the financial stability of potential earnings from model contributions.
  • Limited Data Visibility
    Due to the anonymized nature of the data provided, contributors may miss certain nuances and context that could be useful for building more effective models.
  • Competition Intensity
    Being a globally open platform, Numerai attracts a large number of participants, which means high competition and potentially lower chances of achieving top-tier rewards.
  • Dependence on Platform
    Contributors' success is heavily dependent on the stability and integrity of the Numerai platform, which can be a risk factor if there are changes to platform policies or rewards structures.

Analysis of Plotly

Overall verdict

  • Overall, Plotly is a strong choice for those looking to create dynamic and interactive data visualizations, thanks to its range of features and ease of integration with web technologies.

Why this product is good

  • Plotly is considered good because it offers a comprehensive suite of tools for creating interactive visualizations that can be used in web applications, reports, and dashboards. It supports many different types of plots, is easy to use for both beginners and experienced developers, and integrates well with popular programming languages like Python, R, and JavaScript.

Recommended for

    Plotly is recommended for data scientists, analysts, and developers who need to create interactive and visually appealing data visualizations. It's particularly useful for those who work with Python or R and want the ability to embed their visualizations in web applications or dashboards.

Plotly videos

+ Add

Create Real-time Chart with Javascript | Plotly.js Tutorial

More videos:

  • Review - Introducing plotly.py 3.0
  • Review - Is Plotly The Better Matplotlib?
  • Tutorial - Plotly Tutorial 2021
  • Review - Data Visualization as The First and Last Mile of Data Science Plotly Express and Dash | SciPy 2021

Numerai videos

+ Add

Numerai Starter Pack #1: Intro to Numerai

More videos:

  • Review - Richard Craib: WallStreetBets, Numerai, and the Future of Stock Trading | Lex Fridman Podcast #159
  • Review - E729: Founder Richard Craib shares A.I. hedge fund Numerai, blockchain & mission to manage world’s $

Category Popularity

0-100% (relative to Plotly and Numerai)

Plotly

Numerai

Data Visualization
100 100%
Data Visualization
0% 0
Development
0 0%
Development
100% 100
Data Dashboard
86 86%
Data Dashboard
14% 14
Data Collaboration
0 0%
Data Collaboration
100% 100

User comments

Share your experience with using Plotly and Numerai. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare Plotly and Numerai

Plotly Reviews

Best 8 Redash Alternatives in 2023 [In Depth Guide]
Plotly is specifically designed for companies who want to build and deploy analytic applications like dashboards using Python, Julia, or R without needing DevOps or Javascript developers.
Source: www.datapad.io
5 Best Python Libraries For Data Visualization in 2023
Plotly is a web-based data visualization toolkit that comes with unique functionalities such as dendrograms, 3D charts, and also contour plots, which is not very common in other libraries. It has a great API offering scatter plots, line charts, bar charts, error bars, box plots, and other visualizations. Plotly can even be accessed from a Python Notebook.
Source: www.technotification.com
Top 8 Python Libraries for Data Visualization
Plotly is a free open-source graphing library that can be used to form data visualizations. Plotly (plotly.py) is built on top of the Plotly JavaScript library (plotly.js) and can be used to create web-based data visualizations that can be displayed in Jupyter notebooks or web applications using Dash or saved as individual HTML files. Plotly provides more than 40 unique...
Source: www.geeksforgeeks.org
5 top picks for JavaScript chart libraries
Plotly is a graphing library that’s available for various runtime environments, including the browser. It supports many kinds of charts and graphs that we can configure with a variety of options.
Source: blog.logrocket.com

Numerai Reviews

We have no reviews of Numerai yet.
Be the first one to post

Social recommendations and mentions

Based on our record, Plotly should be more popular than Numerai. It has been mentiond 33 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Plotly mentions (33)

  • Python for Data Visualization: Best Tools and Practices
    Plotly is perfect for interactive visualizations. You can create interactive charts and graphs that allow users to hover, click, and zoom in. Plotly is also great for web-based visuals, making it easy to share your findings online. - Source: dev.to / 3 months ago
  • Generative AI Powered QnA & Visualization Chatbot
    Front End: A React application that leverages React-Chatbotify library to easily integrate a chatbot GUI. It also uses the Plotly library to display the charts/visualizations. The generative AI implementation and details are entirely abstracted from the front end. The front-end application depends on a single REST endpoint of the backend application. - Source: dev.to / 5 months ago
  • Build a Stock Dashboard in less than 40 lines of Python code!🤓
    In this tutorial, Mariya Sha will guide you through building a stock value dashboard using Taipy, Plotly, and a dataset from Kaggle. - Source: dev.to / 7 months ago
  • Essential Deep Learning Checklist: Best Practices Unveiled
    How to Accomplish: Utilize visualization libraries like Matplotlib, Seaborn, or Plotly in Python to create histograms, scatter plots, and bar charts. For image data, use tools that visualize images alongside their labels to check for labeling accuracy. For structured data, correlation matrices and pair plots can be highly informative. - Source: dev.to / about 1 year ago
  • Python equivalent to power bi/power query?
    For dashboards: - https://plotly.com/ is probably my favourite, but there are others like streamlit, voila and others... Source: over 1 year ago
View more

Numerai mentions (20)

  • Sci-Hub Sci-Net
    Numerai? Though I'm not so sure - their coin seems to have lost a lot of dollar value since I last checked. https://numer.ai/. - Source: Hacker News / about 1 month ago
  • Cryptographers Solve Decades-Old Privacy Problem
    For example the Numerai hedge fund's data science tournament for crowdsourced stock market prediction is giving out their expensive hedge fund quality data to their users but it's transformed enough that the users don't actually know what the data is, yet the machine learning models are still working on it. To my knowledge it's not homomorphic encryption because that would be still too computational expensive, but... - Source: Hacker News / over 1 year ago
  • Stock Market Charts You Never Saw
    If you are interested in the machine learning part, you can try the Numerai tournament ( http://numer.ai ). They provide obfuscated high quality hedge fund data that participants can train their models on and send back only their predictions and then they combine the user's predictions into their market neutral meta model which they actively trade. So far their fund's returns looks promising in their category... - Source: Hacker News / over 2 years ago
  • [P] Seeking collaboration with VERY experience ML scientist (Lucrative opportunity)
    This does not solve your problem, but you would be interested in https://numer.ai which is a "wisdom of the crowds" ML competition for stock market predictions. Source: almost 3 years ago
  • Ask HN: Who is hiring? (January 2022)
    Company: Numerai (https://numer.ai) Position: Web Developer Location: San Francisco (Remote/On-site with WFH days) Numerai is a new kind of hedge fund powered by thousands of competing data scientists from around the world, all working to predict the stock market. - Source: Hacker News / over 3 years ago
View more

What are some alternatives?

When comparing Plotly and Numerai, you can also consider the following products

D3.js - D3.js is a JavaScript library for manipulating documents based on data. D3 helps you bring data to life using HTML, SVG, and CSS.

Colaboratory - Free Jupyter notebook environment in the cloud.

Chart.js - Easy, object oriented client side graphs for designers and developers.

Kaggle - Kaggle offers innovative business results and solutions to companies.

RAWGraphs - RAWGraphs is an open source app built with the goal of making the visualization of complex data...

Explorium - Explorium is an External Data Platform that offers ML and AI-based datasets so data scientists can take part in data science competitors and marathons to win prizes.

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