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Building Data Refineries In Digitopia

Sujith Vasudevan, Assistant Editor

Borrowing the words of Edwards Deming, the father of modern day quality management, “In God we trust; all others must bring data.” Be it machines, robotics, artificial intelligence, or any other buzzwords, almost every road in digitopia leads to data. After almost a decade it was first echoed by Clive Humby, the expression ‘Data is the new oil’ has stunned every stakeholder of the digital economy with the way it has come close to reality. Clive, the innovator behind Clubcard, the world’s first supermarket loyalty scheme, took the whole

world to the concept of data as a resource that holds extraordinary value when it is mined and analyzed - just like oil.

Cut to the present, data powers the digital economy in much the way oil fueled/fuels the industrial economy. But remember, refining is the key with oil so is in the case of data. That’s why it’s not surprising that the new global monopolies are already starting to shape up such as Tableau, Qlik, and Mu Sigma Analytics. It’s a safer bet that there could well be a Saudi Aramco in the making.

Could it be from India? Well, why not?! Indian companies definitely hold the potential in the form of talented, hardworking workforce. Read in alignment that the country's Data Analytics market is riding on a CAGR of 26 percent. Indian Big data analytics sector is expected to witness almost eight-fold growth to reach $16 billion by 2025 from the current level of $2 billion, according to the National Association of Software and Services Companies (Nasscom). It’s up to the datapreneurs in our country to use this vibe to go for big.

This precisely is the inspiration for presenting a list of ‘10 Most Recommended Data Analytics Solutions Providers - 2020’. We intend to shed light on some of the commendable endeavors towards creating an identity for India in the global Data Analytics. Let’s dig in.

Do let us know your thoughts!

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