In machine learning (ML), efficient asset management, including ML models, datasets, algorithms, and tools, is vital for resource optimization, consistent performance, and a streamlined development lifecycle. This enables quicker iterations, adaptability, reduced development-to-deployment time, and reliable outputs. Despite existing research, a significant knowledge gap remains in operational challenges like model versioning, data traceability, and collaboration, which are crucial for the success of ML projects. Our study aims to address this gap by analyzing 15,065 posts from developer forums and platforms, employing a mixed-method approach to classify inquiries, extract challenges using BERTopic, and identify solutions through open card sorting and BERTopic clustering. We uncover 133 topics related to asset management challenges, grouped into 16 macro-topics, with software dependency, model deployment, and model training being the most discussed. We also find 79 solution topics, categorized under 18 macro-topics, highlighting software dependency, feature development, and file management as key solutions. This research underscores the need for further exploration of identified pain points and the importance of collaborative efforts across academia, industry, and the research community.
Model stores offer third-party ML models and datasets for easy project integration, minimizing coding efforts. One might hope to find detailed specifications of these models and datasets in the documentation, leveraging documentation standards such as model and dataset cards. In this study, we use statistical analysis and hybrid card sorting to assess the state of the practice of documenting model cards and dataset cards in one of the largest model stores in use today--Hugging Face (HF). Our findings show that only 21,902 models (39.62\%) and 1,925 datasets (28.48\%) have documentation. Furthermore, we observe inconsistency in ethics and transparency-related documentation for ML models and datasets.