Raghu RajiWith data analytics being more important to business than ever before, you’ll need to be paying attention to the data analytics companies out there that can give you what you need. Many have been set up in the last few years, but you want to be working with the best. Here are some of the top data analytics companies you should be following in 2023.
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The Importance Of Data Analytics
Why is data analytics so important? If you want to grow and succeed as a business, you need to be paying attention to what this service can do for you.
Right now, businesses are creating and gathering more data than ever before. You want to be putting that data to good use, and that’s where a good data analytics company comes in.
“When you can analyse that data, you’ll be able to make more precise decisions about your business” says David Saunders, a business writer at Paper writing service. “As such, you’ll want a good data analytics company to help you do this.”
As such, you’ll want to know who the very best data analytics companies are, as we move into 2023. Here are the companies that you need to be watching, so you know who to go to when you need that assistance.
Comparisons of Best 10 Service Providers for Data Analytics
1. Integrate.io
As the name implies, Integrate.io is a platform that allows you to bring all your different data sources together, allowing you to analyse them in a more productive way. It’s something that a lot of businesses are using at the moment, as it’s easy to use and has a lot of impact. Having that platform with all your data sources together will help you get a good overview of your data, and start seeing the patterns in it.
As there are so many companies using the product right now, you can see that the Integrate.io platform does bring you results. As such, they’re a good option when you want to be able to handle yor own data analysis in a more productive way.
What are the pros?
- Can be integrated with other data platforms, like AWS Redshift and Google BigQuery.
- Multiple solutions available for different industries, such as marketing, sales, customer support, developers, retail, hospitality, and advertising
- Multiple features like targeted communication and personalized emails
What are the cons?
- Your business will still need to dedicate staff to the platform in order to get the most from it
What is the cost?
Depending on the exact product used, Integrate.io can cost around $199 per month.
2. InData Labs
InData Labs is a service that’s focused on AI powered solutions, based in Cyprus. Currently they have over 80 employees who are working on projects for companies in a wide range of industries. Having been in business since 2014, they’ve already delivered over 150 projects.
As a business, they have a focus on machine learning. This power AI tech will be able to take the data that you have about your business, and use it to create even more powerful and efficient solutions. As such, they’re a good choice for those what are looking to improve how they handle data analytics in their company. As they’re experienced, you should get what you need here.
What are the pros?
- A focus on AI and how that can help with big data analysis
- They can help with predictive analytics, tracking solutions, human body pose estimation and more
- The company has their own R&D department that’s working on machine learning and AI development
What are the cons?
- May not be what you’re looking for if you don’t want a focus on AI in data analysis
What is the cost?
- Can vary between $199 per developer for active query building, and $1,399 for AdvancedMiner.
3. SAP
SAP is a German company that’s based in Walldorf, Baden-Wuttemberg. They have a focus on developing enterprise software that’s designed to help businesses manage their day to day operations. They’re well known for their ERP software, as it’s used by many businesses globally. That’s in addition to other software that they produce, such as HR tech, supply chain management systems, and more.
As the company cover a large range of needs, no matter what industry you’re in, you’re going to find a solution here that suits you. They have a lot of adaptability, so you can create a data analysis tool with SAP that helps you get the results that you’re looking for.
What are the pros?
- Have acquired several companies that sell cloud based products, which makes them a viable competitor to Oracle
- One of the largest non American companies in data analytics
- Many different options to choose from depending on your company’s exact needs
What are the cons?
- With so many software options, it can be difficult to know which one will benefit your business
What is the cost?
- A perpetual business license starts at $3,213 per named user, plus an additional maintenance fee each year.
4. Snowflake
Snowflake is one of the newer businesses on this list, having been founded in 2012 and launched in 2014. They’re located in Bozeman, Montana, and they gained their name after the founders’ love of winter sports. Their specialization is in cloud based data storage and analytics, which is often referred to as ‘data warehouse as a service’. They’re known for really changing up how data storage works, and bringing companies some more viable and affordable solutions.
There are already some huge companies using Snowflake for their data analysis needs. On their site right now, you can see what Morgan Stanley are doing with their tech.
What are the pros?
- Have been credited with reviving the data warehouse as a service industry with their cloud based platform
- You can use their service to both store and analyse your data on the cloud, so you won’t need to have server space on site for it
- Runs on Google Cloud Platform
What are the cons?
- If you want to store data on site for analysis, they won’t be the service for you
What is the cost?
Snowflake offers a 30 day free trial, and their pricing is around $25 to $40 per terabyte of data you store.
5. OxAgile
OxAgile is a data analytics company that covers a lot of bases for many different industries. As an end to end software development company, they create both traditional and advanced data analytics solutions. That allows them to create solutions that suit almost any business. All solutions are custom built, so you can get just what you need from them.
They aim to bring you several advantages when it comes to data analysis. That includes allowing you to automate workflows, improve growth and revenue, and improve quality too. With so many benefits on offer, they’ve become a go to company for data analysis solutions..
What are the pros?
- The company can create software for various uses, including custom reporting and dashboarding, comprehensive ML analytics, data analysis and visualisation, and more
- OxAgile creates solutions for many industries, including advertising, eCommerce, media, entertainment, retail, and others
- Their tech stack covers AWS and Google data services
What are the cons?
- Are known online to have a specialisim in video development companies, so if your business doesn’t fit under that category they may not be the best fit for you.
What is the cost? Costs vary, but a full development cycle can cost around $1,050 here.
6. Rapidops
Rapidops have been operating since 2008, and they have a focus on helping their clients achieve more for their customers. They do this through offering digital products and platforms that enable them to analyse data and put it to good use in their development. As they offer a full range of custom products, they can create a data analysis solution that’s just right for your needs.
You’ll also see that they’re dedicated to giving back to their community. They do this in a number of ways, such as donating to charity, offering code and content, and more. This is something that’s very important to many of the businesses that use them.
What are the pros?
- Rapidops operate within the retail, manufacturing, supply chain, healthcare, and tech industries
- Have already worked with well known companies such as BigCommerce, Kroger, Dassault Systems, Tresata and more
- Also offer their own digital platforms such as Salesmate.io, that can assist with analysing data in one central location.
What are the cons?
- Their solutions aren’t going to be the best for some industries, so you may not find what you need here
What is the cost? Monthly costs for Rapidops are between $25,000 and $50,000.
7. Indium Software
Indium Software is a service that focuses on digital engineering solutions, allowing business to increase value and deliver tech solutions that are custom built for them. Because of this, there are many businesses globally that have seen measurable success with them.
You’ll see that they can offer data, analytics and AI all in one platform. That allows you to get the full benefit of machine learning AI, using it to take in the data you have, and bring out more solutions that you may not have realised were possible. That means you can see more success than ever with Indium Software, so they’re a company you should be watching.
What are the pros?
- Has relationships with over 100 clients spanning ISVs
- Works with application engineering, digital assurance, gaming, DevOps, and other related industries
- Indium Software aims to bring real value to companies through their analytics work
What are the cons?
- Their knowledge span is quite narrow, so they may not have the experience for your business
What is the cost? Working with Indium Software averages out at around $5,000 a month, depending on your needs
8. Alteryx
If you’re just starting to dip your toes into data analysis, then Alteryx are a good company to watch. They bill themselves as a simple and powerful solution that you can use for your business. They aim to make it easier for companies to start analysing data and putting it to good use. They focus on end to end automation of data, something that over 320,000 global users rely on.
Their software allows you to automate data analysis, while being compatible with other platforms such as Snowflake, Excel and more. They also offer solutions that are no code or low code, so you don’t need that experience to get the most from what they have.
What are the pros?
- Their solutions cover data engineering, analytics, reporting, data science processes, machine learning, and more besides
- Their broad services are useful to a whole range of industries
- Have set themselves up to be a good starting point for many businesses, who are getting to grips with data analysis
What are the cons?
- Service may not be right for companies that already have some data analysis services in place, and want to improve what they have.
What is the cost? Product costs vary, starting at $2,300 a month.
9. ScienceSoft
This service has been in business since 1989, and has made real strides in data analytics. Located in Texas, US, they aim to work with companies to turn that raw data into information that can be used to improve their businesses and sales. As you can imagine, that’s something that a lot of businesses have already taken advantage of with them.
When they first started out they were actually an AI product company, but switched to IT services in 2002. As such, there’s a whole wealth of experience in AI here that you can take advantage of. They aim to work with non IT companies to bring them the solutions they need, and help them makes strides in their own industries.
What are the pros?
- This service advises on data analysis as well as offering analytics as a service, giving you the full package
- They cover a range of industries, including marketing, manufacturing, sales, HR, financial, and asset analytics
- They have a focus on large and medium sized businesses, using their partnerships with Microsoft, Amazon, and Oracle to bring value to their work
What are the cons?
- As the service is designed for medium and large companies, small companies won’t get what they need here
What is the cost? Costs will vary, but start at around $6,250 a month.
10. SumatoSoft
SumatoSoft is ranked as 5th in testing across the globe, making them one of the top choices for data analytics. Their focus is in the Internet of Things, using this new branch of tech to gather and analyse new data that can be used in businesses worldwide.
Their services cover a range of uses, so you should be able to find something that suits your company here. That includes QA and testing, business analysis, frontend and backend development, and more. As they have the specialism in the IoT, that allows you to make the most of the data you collect from this area and use it to bring improvements to your business.
What are the pros?
- The company is experienced in complex projects, so if you have a more complicated need for their services they can help
- Covers a wide range of industries such as IT, real estate, medical and healthcare, hospitality, and others
- Their services are highly customizable, so you’ll be able to get something that fits with your needs
What are the cons?
- While the service has a wide knowledge of various industries, their specialism is still quite niche
What is the cost?
- The minimal budget for a project here would be between $25,000 and $50,000.
How To Choose The Right Data Analytics Service?
This has been a rather short list of the best analytics companies out there right now. If you’re looking for a company that can help with your specific needs, it can still be quite hard to choose. How do you know who the right people are to work with?
There will be several things that you’ll need to take into account when choosing a data analytics company, including the following:
Your specific data needs: You’ll first need to consider exactly what it is you’re looking to get from your data analysis. Every company offers something different, whether it’s bringing in data from different sources, analysing data from a specific source, or putting the data you already have to use.
Every company will do something slightly different, so you need to ensure you’re picking the company with the right specialism for you. For example, if you’re working with the Internet of Things and want solutions for analysing that data, you may go to SumatoSoft.
Where you are with data analysis: As well as your specific needs, you need to consider where you are with data analysis. As a business, are you just getting started and need some assistance from a knowledgeable third party? On the other hand, have you been handling your own data analysis for a while, but need more specialised tools to get the job done?
This will inform which data analysis company you choose, as some are more catered to newcomers, while others are designed to bring more sophisticated tools to the user.
Your industry: Data analysis has a huge impact on most industries across the globe. As most will be collecting data in one form or another, you want to be able to get the most out of the data you’re getting. As such, you don’t want to go with the first company you see, as they all have different specialisms.
As you’ve seen in this list, there are lots of different industries covered by different data analysis companies. You’ll need to find a company that can meet your specific needs.
The size of your business: Again, you’ll have seen that different data analysis businesses cater to different sized businesses. That makes sense, as a small business will have different data analysis needs than a larger one.
You’ll need to see which business caters to companies of your size, and use them to get the results you’re looking for.
There are plenty of top data analytics companies out there right now, so there’s never been a better time to work with one to get what you need from them. Use this list as a starting point, and find a company that can bring you the very best data analysis solutions for your business.
There are plenty of top data analytics companies out there right now, so there’s never been a better time to work with one to get what you need from them. Use this list as a starting point, and find a company that can bring you the very best data analysis solutions for your business.
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