10 Most Promising Data Analytics Consulting/Services Companies - 2019
The blistering speed at which the domains of data and analytics are growing is a result of the stupendous value that businesses have derived from the analysis of hordes of data amassed over the digital years. As this revolution urges more and more organizations to rely on intelligent business insights to stay ahead of the competition, it propels data analytics to being one of the highest-priority sectors in modern business. Advanced data analytics technologies are helping industries reach new heights as businesses small and large are adopting these new technologies on a larger scale than ever.
In the evolving analytics landscape, unstructured data remains dominant as companies strive for analytical agility and automation. Traditional mechanisms such as A/B testing or multivariate testing will soon be a blip on the radar as real-time agile methodologies of analyzing data prove to be more valuable.
The popularity of data driven decision making arises from business now being able to employ technologically advanced tools like Google Analytics, complicated ERPs, and business intelligence applications, and mind blowing improvements in programming languages. Organizations with a greater focus on cost reduction and market share gains benefit from the application of advanced analytics such as predictive and prescriptive analytics for optimized decision-making. This stands especially true for organizations that need to align faster decision-making and efficiency with their business goals. On the other hand, descriptive analytics bridges the gap between a business and its customers by assessing past customer behaviour as well as customer-product relationship to help businesses plan for the future. Analytics driven applications will eventually be able to understand customers so thoroughly that they can look beyond their common preferences and unravel new ones.
With analytics becoming ever more accessible, businesses are banking on the next wave of analytics to automate and boost some aspects of decision-making through artificial intelligence, machine learning, and blockchain. Small organizations particularly can use this groundbreaking opportunity to contend with large enterprises. For the human resources industry, people analytics services have been incredibly beneficial in helping proactively map out a strategic workforce for companies, utilize data-driven statistics in employee recruitment, predict frauds, and pin down training requirements across different levels. Analytics services in manufacturing such as warranty analytics, predictive asset maintenance (PAM), and demand-driven forecasting techniques are revamping operations with better quality and efficiency of several manufacturing processes. Also, the development of various government data and analytics services are in full swing for better revenue realization and to deliver improved service to citizens with efficiency.
In conclusion, the data analytics landscape is flooded with myriad services and thus zeroing in on the apt one remains an uphill task for a CIO. To tread on the right path, CIOReview Magazine has become the torch bearer in the data analytics landscape. Our distinguished selection panel, comprising CEOs, CIOs, VCs, industry analysts and the editorial board of CIOReview Magazine narrowed the excellent providers that exhibit competence in delivering data analytics services.
We have considered the vendor’s ability in building services that can effectively yet economically account for advanced and effective data analytics offerings, keeping in mind the factor of time-focused delivery. We present to you CIOReview’s “10 Most Promising Data Analytics Consulting/Services Companies 2019”.