Ten Hottest Analytics Companies
India’s analytics industry is likely to grow ten-fold to $20 billion by 2025, as per Nasscom, driven by the need to collect, extract, and analyze data to create a better future. We shortlisted some of the hottest analytics companies that would make the ri
Today, analytics play a very crucial role in our everyday lives. The usage of the latest technology could be seen across various sectors such as banking, IT, among others. Analytics help in extracting meaningful information and anticipating future behaviors by churning the mammoth databases. It uses various applications that are required for collecting, managing, and analyzing structured and unstructured data in an enterprise.
According to Nasscom, India’s analytics industry is estimated to be around $2 billion that is expected to grow ten-fold to $20 billion by 2025. According to TechNavio’s analysts forecast, at present, the analytics market in India stands at $1.64 billion annually in revenues, clocking a growth rate of 28.8% CAGR. It is also predicted that the analytics market is set to grow at a CAGR of 22.80% over the period 2014-2019.
The analytics software is helping enterprises to collect, extract, and analyze data to make a better future.
Below is a list of some of the analytics companies that would make the right noises in the near future.
Tableau: Tableau Software entered the Indian market
in the year 2014. It derives analytics and business intelligence by creating visualizations, reports and dashboards in real-time. The data power is harnessed with Tableau transforming data into actionable insights. Tableau helps in increasing sales, streamlining operations, improving customer service, managing investments, assessing quality and safety, studying and treating diseases, and improving education. Globally, it has over 19,000 customers, including Fortune 500 corporations.
Teradata: Teradata provides solutions to various sectors, including telecom, transportation, consumer packaged goods, financial services and manufacturing, across 75 countries worldwide. Its business analytics solutions unleash the value hidden in the data. The Teradata Aster Analytics platform includes the Aster Database, Aster SNAP Framework, Aster R, SQLMapReduce framework, SQL-GR and the Aster Analytics Portfolio. In India, some of its prominent clients are LIC, Aditya Birla Financial Services. The company has also tied up with the Indian Government on certain initiatives. Today, it has about 2,000 data analysts in India.
Qlik: With about 45,000 customers globally, Qlik optimizes Business Intelligence (BI) by harnessing the collective intelligence of people across a company. In India, the company is in the process of expanding its Qlik Academic Program that would cover 50 educational institutions across 25 cities in the country. The program would be available in institutions such as IIM Bangalore, IIM Lucknow, IIM Indore, SP Jain School of Global Management, NIT Karnataka, NMIMS Mumbai, SCMHRD, Xavier Institute of Management Bhubaneshwar, amongst others. Over 850 universities in more than 65 countries are now participating in the program. The company has its headquarters in Radnor, Pennsylvania.
MuSigma: Started in the year 2005, MuSigma was able to rope in clients such as Microsoft Corp, Wal-Mart Stores, Dell and Pfizer. It was the only Indian start-up that delivered profits on a continuous basis. It provides analytical capabilities to organizations on a real-time basis. Today, it has around 4,000 employees. In 2013, MuSigma mopped up about $45 Million from MasterCard in a deal worth over $1 Billion. Sequoia, MasterCard, General Atlantic and Fidelity Investments today hold about 48% share in MuSigma.
Tata iQ: A Tata Groups’ analytics and data powerhouse, Tata iQ targets to become one of the leading omni-channel marketing solutions and decision
sciences company in the country. In over 18 months, the analytics company has built a data ecosystem that allows it to store, process and mine a variety of information in real-time.
The company has acquired some of the best brains from General Electric, Accenture, FICO, Dunnhumby, Target and American Express. At present, it has operations in over 100 countries across the globe.
The Smart Cube: With a battery of analysts, the company offers in-depth insight together with primary and secondary research, financial research, quantitative analytics as well as data analytics. It uses various tools and techniques to deliver better insights. The company also aims to provide customized needs of clients. It has launched a new Smart Fleet program that promises to transform how one manages fleets and engage with suppliers.
In India, the company has launched a hiring program called ‘Aspire with the Smart Cube’.
Bridgeii2i: The global analytics solutions provider has offices in India and the US. It believes in three-stage formula and helps companies transform the journey from Information to Insight to Impact. The Bengaluru-based big data company has mopped up funds from Edelweiss Private Equity, the private equity and venture capital arm of Edelweiss Financial Services.
Brillio: A global technology company, Brillio was named in the Achievers 50 Most Engaged Workplaces in North America. It has a workforce of 2,400 in the US and India. Established in 2014, the company has its headquarters in Santa Clara, California. It develops and deploys digitally disruptive solutions in the areas of digital experience, big data, and analytics. It has offices in the United States, Norway, United Kingdom and India.
EXL Analytics: The Company integrates statistical data mining with a consultative approach and modeling tools in order to provide greater insights to clients. It further helps in minimizing risk, boosting operational efficiency, creating regulatory compliance frameworks, simplifying supply chains, and identifying new channels for growth and profitability. EXL banks upon sophisticated modeling capabilities, text and sentiment mining, and a proprietary methodology to offer high-impact solutions.
Flytxt: With its headquarters in The Netherlands and offices across the globe, Flytxt today serves over 100 customers that include telcos, financial institutes and global brands.
It analyses data of over 600 million mobile consumers and claims to deliver 7% economic impact to its customers with its array of solutions. The company has helped many telcos and enterprises to accelerate revenues margins, with improved customer experience.