Python is better for programming, R is better for statistics. A lot of data analysis packages require a bit of both, so I usually use a bit of both, and C++ underneath when something has to run faster.
To expand, R has every cool statistical model (outside finance) to hand. It's deadly buzz. It's finicky as hell to program in though. Classes are a bit crap. Brackets are all over the shop. Arrows? Really? Meh. Statistical models take ages to program and test, though, and the academic paper that was published last week has had the model as an R package for 6 months.
Python is a beautiful programming language, especially for anything involving transferring data from here to there and possibly back again. I particularly like it when working with a diverse team of context experts, who would think nothing of laying a faecal nugget in your code-base, to save the time it takes to drink a cup of coffee. It's a lot harder to write crap code in Python than in many other languages.
So, in our local technical landscape, R is used for prototyping, and is used in a slave fashion for running complex stats models. Python is used as the "Controller" of the program, and also for database type operations, web-scraping, calling QuantLib, ...
To expand, R has every cool statistical model (outside finance) to hand. It's deadly buzz. It's finicky as hell to program in though. Classes are a bit crap. Brackets are all over the shop. Arrows? Really? Meh. Statistical models take ages to program and test, though, and the academic paper that was published last week has had the model as an R package for 6 months.
Python is a beautiful programming language, especially for anything involving transferring data from here to there and possibly back again. I particularly like it when working with a diverse team of context experts, who would think nothing of laying a faecal nugget in your code-base, to save the time it takes to drink a cup of coffee. It's a lot harder to write crap code in Python than in many other languages.
So, in our local technical landscape, R is used for prototyping, and is used in a slave fashion for running complex stats models. Python is used as the "Controller" of the program, and also for database type operations, web-scraping, calling QuantLib, ...