Multithreading in Python allows concurrent execution of multiple threads within a process. This enables parallelism and improved performance for I/O-bound tasks. However, multithreading has some limitations:
So when do we need alternatives? CPU-bound numeric processing is where Python's multithreading falls short. The GIL causes only one CPU to be utilized even with multiple threads.
Some better options:
Multiprocessing
The 
from multiprocessing import Pool
def cube(x):
    return x*x*x
if __name__ == '__main__':
    with Pool() as pool:
        results = pool.map(cube, range(8)) 
        print(results)While multiprocessing avoids the GIL, there is still interprocess communication overhead. And multiprocessing won't help for parallelism in a single Python function call.
Numba
Numba gives native machine code compilation for NumPy array operations. Just decorate your function with 
Cython
For more versatility than Numba, Cython compiles Python-like code down to C extensions. These C extensions interface back to Python but avoid interpreted overhead and the GIL during computation. Cython enables calling multi-threaded C libraries for further parallel gains.
So in summary, for more scalable parallelism, look beyond Python threads to multiprocessing, Numba GPU/CPU vectorization, or Cython C extensions. But also consider higher level libraries like Dask for parallel analytics. The key is fitting the solution to your specific performance and complexity requirements.
