Businesses want the advantages of enterprise data analysis, and some consulting firms have developed unique workflows to enable corporate excellence. After all, you want to integrate automation and machine learning capabilities to tackle the challenges in analytics. This post will discuss the top companies offering data analytics services in India and worldwide.
What is Data Analytics?
Data analytics includes several tools, computing technologies, and statistical modeling concepts. You can use data analytics services to study consumer behavior. Besides, most organizations implement predictive analytics to estimate revenue growth and budget requirements concerning a project.
Reports created by data analytics firms include user-friendly visualization modules to make corporate communications more meaningful. Meanwhile, business strategists refer to the insights discovered by diagnostic analysis to brainstorm business improvement ideas.
Data analysts can customize their statistical models to assist particular departments in pattern recognition and risk assessment. For example, financial analytics empower organizations in banking, financial services, and insurance (BFSI). Likewise, healthcare analytics allows pharmaceutical companies and hospitals to process patients' clinical data.
Also Read: Catalyzing Innovation in Workplace Safety with Data Analytics and AI
Best Data Analytics Companies in India
India, which is on track to surpass China in terms of the national population, is the home to internationally renowned information technology-enabled services (ITES). However, business leaders want to know the biggest analytics companies that offer powerful data management, automation, and modernization facilities. So, we have listed the top 10 data analytics companies in India.
1| SG Analytics
SG Analytics offers the latest data processing ecosystems to assist organizations in BFSI, healthcare, entertainment, and technology industries. It has been serving international clients since its incorporation in 2007.
Also, SG Analytics further divides its offerings into modular services to fulfill specific business objectives. For example, its investment insights cover equity, hedge funds, credit research, fixed income, venture capital, and private or investment banking services.
You can consult this leading firm to get data modernization, market research, investment insights, and data analytics services. They come from diverse backgrounds, contributing to this company's global presence.
Moreover, SG Analytics regularly develops insightful case studies, white papers, and summarized trends known as SGA Beat to embrace a thought leadership approach. You can learn vital insights into your target industries and macroeconomic dynamics via its Tattva newsletter.
2| Accenture Analytics
This list includes Accenture Analytics, one of the famous Indian data analytics firms known for its machine learning (ML) development. They have worked on over 250 projects with a team of 1800+ data scientists.
Accenture Analytics provides data-led transformation services leveraging cloud computing for analytics. It covers the industries like banking, consumer goods, public services, chemicals, and travel. Accenture Analytics also offers assistance in optimizing marketing analytics solutions for digital commerce businesses.
You can learn about industry forecasts through this company's podcasts or the "Voices of Change" collection of thought leadership articles accompanied by videos. The best analytics companies in India, like SG Analytics, frequently release highly insightful case studies, and Accenture Analytics also generates such knowledge-sharing resources.
Read Also: Data Management Framework: Importance, Critical Components, and Examples
3| Algonomy
Algonomy's data analytics services make it one of the top analytics companies in India, as it focuses on algorithmic customer experience (CX) management. It leverages Amazon Web Services (AWS) to deliver analytics solutions to retail businesses, food centers, fashion designers, and restaurants.
This analytics firm is a result of Manthan Analytics acquiring RichRelevance. Manthan used to offer cloud analytics services, while RichRelevance processed data to personalize customer journeys. Algonomy serves merchandise businesses and hospitality sectors.
You can approach this analytics provider for self-service or governed usage models. Algonomy also enables advanced data exploration while developing and maintaining Maya, its conversational user interface based on artificial intelligence (AI). Maya can support automated virtual assistants through application programming interfaces on many devices.
Real-time personalization offered by Algonomy Analytics allows retail and hospitality industries to increase customer engagement. It is a facility that became functional after Manthan's RichRelevance acquisition.
4| Fractal Analytics
Fractal Analytics, founded in Mumbai in 2000, provides Fortune 500 companies with artificial intelligence and advanced data analytics services. Its primary solutions use the decision intelligence (DI) strategy. Besides, Fractal has launched its AI-led autonomous revenue growth platform, i.e., Asper.ai.
Qure.ai, developed by Fractal, assists the healthcare industry in interpreting radiology results more efficiently. Meanwhile, Theremin is an AI-driven quantitative investing facility. Fractal's Eugenie.ai optimizes analytical models for risk management and conflict resolution.
Clients use Senseforth.ai to enrich customer interactions using smart home devices and commercially relevant conversational AI systems. Students and working professionals use Fractal's Analytics Vidya resources for skill development. Therefore, this firm belongs to this list of top 10 data analytics companies in India that make the business world more efficient.
Related: A Deep Dive into Data Governance Frameworks
5| Latent View
Headquartered in New Jersey, Latent View maintains a significant presence among India's biggest data analytics companies via its Mumbai and Chennai teams. This firm offers big data analytics services and predictive social media listening.
Latent View delivers business analytics, consulting, data engineering, and collaboration-friendly software applications. Furthermore, its clients work in consumer-packaged goods (CPG), technology, and BFSI industries. Latent View also offers more than 30 services and 3 products.
- Casper is a conversational AI solution designed for business administrators.
- MatchView helps clients with scenario analysis and business experimentation.
- SmartInsights accelerates product innovation processes and strategies.
It assists organizations that want to leverage fraud analytics, propensity modules, and credit score modeling. Latent View employs more than 600 professionals with a proactive approach toward building centers of excellence (CoE) to disseminate industry knowledge among multi-disciplinary teams.
6| Tiger Analytics
With its global delivery center in Chennai, Tiger Analytics fulfills corporate needs in operations and planning. It customizes its modeling techniques to give enterprises insights into marketing, customer behavior, and risk exposure.
Tiger Analytics has over 500 employees who have served 75+ Fortune 1000 clients, including PayPal, LinkedIn, Intel, and Whirlpool. This firm ranks well in the top 10 data analytics companies in India and serves different industrial stakeholders requiring business analytics and intelligence.
Enterprises in BFSI, manufacturing, transportation, CPG, and life sciences consult Tiger Analytics for performance monitoring dashboards and iterative insight discovery. Deloitte Technology Fast 50 India 2022 also recognizes it since it is one of the best analytics companies in India.
7| AbsoluteData
The NAVIK AI platform developed by AbsoluteData includes data analytics services subcategorized into business functions. It has held a remarkable presence in the Indian IT landscape since 2001. Moreover, AbsoluteData has more than 300 data engineers and scientists who support more than 20 of the Global 500 corporations.
This firm serves retail, CPG, telecom, pharma, tech, and travel industries. Additionally, it offers NAVIK MicroMods, i.e., smaller machine learning modules that use a "plug n' play" mobility philosophy. Related application programming interfaces (APIs) include the following.
- Behavioral predictions API for sales and marketing,
- Marketing response API for customer experience management (CXM),
- Sales API for revenue analytics,
- Integration API to transfer data between different systems without errors.
AbsoluteData has many centers of excellence and e-learning options to champion a culture of thought leadership across all the top analytics companies in the world. Besides publishing unique success stories, it hosts webinars and webcasts to discuss the latest concepts that benefit data analysts.
8| Cartesian Consulting
Cartesian Consulting helps corporate clients by using data analytics services to reimagine business operations. Business-to-customer (B2C) and direct-to-customer (D2C) brands leverage its SOLUS solutions.
SOLUS AI, developed by Cartesian Consulting, is included in the NASSCOM InnoTrek 2021 in the Deeptech startups listing. The clients like Samsung, Pizza Hut, Aditya Birla, KFC, and Titan have also used the offerings delivered by Cartesian Consulting.
This analytics company, incorporated in 2009, includes more than 150 professionals serving 50 brands in more than 10 nations. Its services range from marketing analytics to business insight discovery. Cartesian Consulting optimizes its analytical models for CPG, financial services, retail, and quick service restaurant (QSR) industries.
9| UST Global
UST Global has more than 22,400 employees, with its apex office in California and branches in India, the UK, the Philippines, Mexico, and Poland. Also, it is one of the biggest data analytics companies in India. UST Global serves healthcare, public services, semiconductor, manufacturing, CPG, retail, and media industries.
Clients can consult USD Global for strategy implementation, operations research, professional design, and digital transformation. Each service category also offers goal-oriented modules for streamlining CXM, talent acquisition, automation, and marketing.
UST Global offers many software tools like CyberProof, HealthProof, PACE, SmartOps, and IQ. These products primarily fulfill the specific business needs of multinational corporations. It facilitates strategic innovation using artificial intelligence and machine learning for data analytics services.
10| Mu Sigma
Mu Sigma Analytics ranks among the top 10 most powerful data analytics companies. It embraces a business analytics philosophy centered around decision sciences and problem-solving. Mu Sigma, founded in Chicago, has its India branch office in Karnataka. It has worked with more than 140 Fortune 500 companies.
This analytics firm helps retail, airlines, hospitality, telecom, and media businesses. You can consult Mu Sigma for pricing management, risk planning, logistics, and marketing analytics. Moreover, it has a unique apprenticeship program to create the next generation of data analysts to navigate this "volatile, uncertain, complex, and ambiguous (VUCA)" world.
This organization is one of the best analytics companies in the world, frequently making its way onto "top 10" listicles. Mu Sigma also publishes case studies and whitepapers. It also arranges its software applications into problem mapping, analytics execution, and strategic deployment categories.
Top 10 Impactful Data Analytics Companies in the World
1| SAP
SAP, founded in 1972 by former employees at IBM, provides data analytics services to enhance sales, marketing, finance, human resources, and operations. It has more than 96000 employees. SAP's core services include enterprise software deployment, cloud computing capabilities, and business analytics.
2| Salesforce
Salesforce works on improving customer relationship management (CRM) practices using business analytics applications. Artificial intelligence is a critical component in all the solutions offered by Salesforce. Its employee strength is 35,000, with offices available across many countries.
3| Tableau
Salesforce has acquired Tableau, a firm specializing in internationally relevant data visualization solutions. Tableau continuously innovates in data presentation, with scalable vector maps being one of its latest initiatives. It has delivered data visualization assistance to enterprises since 2003, with an employee strength of 4000.
4| Qlik
Qlik is one of the 10 most powerful data analytics companies in the world that concentrates on business intelligence services. Qlik's old offering, QlikView, supports query-free models. However, QlikSense, the latest product, leverages AI and embraces the SAAS model. Its founding year is 1993, and it employs 3000+ professionals.
5| Alteryx
Alteryx, formerly named SRC, delivers its data analytics as independent services or an interlinked platform. Therefore, businesses can use its components according to their requirements. It has an international presence supported by 1300 employees knowledgeable in data science and analytics.
6| Sigma Data Systems
Sigma Data Systems commits its resources to data transformation and enterprise data management. However, it also delivers business analytics to maximize the potential of data science for corporate use cases.
This analytics firm works on multi-disciplinary projects requiring predictive analytics. It has more than 300 data professionals who are competent in several coding languages and business modeling techniques.
7| Snowflake
Snowflake Inc., based in Montana, is a cloud-based data warehouse firm, but it also supports analytical business query management. It offers marketing data analytics services in a secure environment. Snowflake is one of the top data analytics companies in the world because it solved the problem of separating computing storage from analysis.
Also Read: 2024 Outlook: Popular Data Management Tools
8| IBM
IBM consistently ranks in every "top 10" list, featuring the world's most powerful data analytics companies. It was formerly known as Computing Tabulating Recording Company after its foundation in 1911. IBM provides organizations with data fabric, business analytics, and agile data management. Its products include Watson Studio, Cognos, and IBM Planning Analytics.
9| Sedin Technologies
Sedin Technologies helps businesses benefit from the latest analytical modeling and problem-solving developments. Its data analytics services include flexible workflows and ease of scaling up. Its client base comprises Fujistu, Honeywell, Raymond, Toyota, L&T, Dupont, and Serum Institute of India (SII).
10| Rapidops
Rapidops delivers several data management services, including automation and digital strategy. Moreover, businesses can consult Rapidops for analytics services based on artificial intelligence. It uses advanced technologies for intuitive data visualizations, like the internet of things (IoT) and natural language processing (NLP).
Conclusion
Businesses require data analytics services to minimize wasteful use of resources and maximize return on investments (ROI) to navigate today's competitive landscape. Marketing, sales, human resources, research, investment evaluation, and sustainability accounting departments can explore business improvement ideas using AI-enabled analytics.
However, integrating modern technologies poses various challenges. So, organizations concerned with reputable data analytics companies like the ones listed above. Each analytics firm maintains a unique IT ecosystem to celebrate its "software as a service" or SAAS philosophy. Still, you must practice due diligence when selecting your data analytics partner.
A leading enterprise in Data Analytics, SG Analytics focuses on leveraging data management solutions, analytics, and data science to help businesses across industries discover new insights and craft tailored growth strategies. Contact us today to make critical data-driven decisions, prompting accelerated business expansion and breakthrough performance.
About SG Analytics
SG Analytics (SGA) is a global data solutions firm that harnesses data with purpose across the data value chain - from origination, aggregation, management, modernization, and analytics to insights generation to create powerful business outcomes for its customers. Through its research and data analytics consulting services, SGA marries content with context to provide bespoke solutions to its customers, enabling them to improve efficiency, scale, and grow. The company has a presence in New York, London, Zurich, Seattle, Austin, San Francisco, Toronto, Pune, Bangalore, Hyderabad and Wroclaw. The firm serves customers across the banking, financial services and insurance (BFSI), technology, media and entertainment (M&E), and healthcare sectors, amongst others, including Fortune 500 companies.
Apart from being recognized by reputed firms such as Analytics India Magazine, Everest Group, and ISG, SG Analytics has been recently awarded as the top ESG consultancy of the year 2022 and Idea Awards 2023 by Entrepreneur India in the “Best Use of Data” category.
