Diacto: Enabling Data Driven Business Transformation

Business leaders understand the importance of their data’s timely availability to drive business forward. They also understand that running business without data is a huge risk and therefore they are willing to invest in data strategy. However, market research shows that 70-80 percent of BI initiatives fail to deliver its true value to the business. It is important to note that the success of BI depends on several factors such as leadership, change management, tools & technologies selection, technical expertise, domain expertise, standards & governance, and more. Therefore, it becomes challenging to create a holistic strategy that delivers success.

10 Most Recommended Data Analytics Solutions Providers - 2023

Enhance your organization with information technology solutions Data analytics is becoming an important part of modern businesses. Most organizations are realizing the potential of investing in robust big data analytics tools that promise cost savings, increased revenue, and productivity gains. Today, almost every business across industries is heavily pouring capital towards data analytics by shifting their focus on accumulating, processing, and utilizing data to improve effectiveness in business processes. Most data and analytics service providers have well established capabilities and similar services and solutions. Differentiating between these providers is becoming more challenging, making the selection process more complicated. Data Analytics is an influential platform dedicated to insights, trends, and opinions from the world of data-driven technologies. It monitors developments, recognition, and achievements made by artificial intelligence, big data and analytics companies across the globe.

Significance of Data Analytics Solution Providers: The data and analytics services market as composed of consulting, implementation, and managed services for decision, analytics, and data management capabilities. These are executed on technology platforms that support an organization’s fact-based decision-making for digital transformation. Services may include commercial off-the-shelf solutions and proprietary assets, focusing on business use cases and outcomes, as well as information infrastructure and governance.

Data and analytics service providers also offer asset based consulting via domain-specific solutions or integrated platforms composed of their own packaged applications, repeatable methods, and reusable analytic frameworks. These solutions can be delivered as both on-premises and cloud-based managed services. With big data, enterprises can analyze customer trends by monitoring online shopping and point-of-sale transactions. These insights are then used to design focused and targeted campaigns that help brands live up to customer expectations and build brand loyalty.

Revenue: The data analytics market potential growth difference will be $196.47 billion from 2021 to 2026, as per the latest market analysis report by Technavio. The report also identifies the market to witness an accelerating growth momentum at a CAGR of 13.54 percent during the forecast period. The extensive use of modern technology in company operations is notably driving the data analytics market growth, although factors such as the integration of data from different sources may impede the market growth.

CIO Insider magazine in this issue presents a list of '10 Most Recommended Data Analytics Solutions Providers - 2023' who have leveraged their extensive industry expertise and experience in bringing innovative solutions to business. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board.