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

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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.

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