According to a report by NASSCOM, the data science and analytics market in India is expected to reach $34.5 billion by 2025. The report also states that the data science industry in India is growing at a CAGR of 25%. The growth of the data science industry in India is being driven by a various factors, including the increasing adoption of data-driven decision-making by businesses, the growing availability of data, and the rising demand for skilled data scientists. The parameter on which the data is judged is the revenue generated by data science-based companies in India.
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Top 10 Data Science Companies in India
Presented below is a compilation of the leading 10 data science companies in India, along with a concise overview of each:
Mu Sigma
Mu Sigma is an international company that focuses on data analytics and decision sciences. Established in 2004 by Dhiraj Rajaram, it is based in Chicago, Illinois. Mu Sigma’s core expertise lies in predictive modeling, customer segmentation, and supply chain analytics. Their client base spans diverse industries such as technology, retail, healthcare, and financial services.
Key Points to Consider:
- A team exceeding 3000 employees operating within a liberating work environment.
- Utilization of big data analytics software for statistical analysis, visualization, and reporting purposes.
- Employing a creative and interactive approach in the recruitment of new employees.
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Fractal Analytics
Fractal Analytics is a global analytics and artificial intelligence company. It was founded in 2000 by Srikanth Velamakanni and Pranay Agrawal and is headquartered in New York City. Fractal Analytics stands out for its expertise in advanced analytics, artificial intelligence, and data science, enabling business transformation. Their solutions cover customer analytics, marketing effectiveness, and risk management.
Key Points to Consider:
- One of the leading data companies in India specializing in Artificial Intelligence and its application in decision-making across diverse industries.
- Forbes has ranked it as the 7th most highly funded analytics company.
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Wipro
Wipro is a global information technology, consulting, and business process services company. It was founded in 1945 in India by M.H. Hasham Premji and is headquartered in Bangalore, Karnataka. Over the years, Wipro has grown to become one of the largest IT services companies in the world.
Wipro’s success can be attributed to its dedicated and talented workforce. The company places great emphasis on hiring and nurturing skilled professionals who play a crucial role in driving the company’s progress and accomplishments. Wipro’s employees are known for their expertise in various domains and their ability to deliver high-quality services to clients.
Key Points to Consider:
- Wipro owes its remarkable achievements to its dedicated and adept workforce, comprising talented experts who play a pivotal role in propelling the company’s progress and triumphs.
- The organization provides a wide range of services, including consultation for information technology, integration of systems, transformative digital solutions, and outsourcing of business processes, to effectively cater to the varied demands of its customers.
- Wipro consistently adopts and leverages cutting-edge technologies such as AI, cloud computing, and cybersecurity, empowering the creation and delivery of groundbreaking innovations.
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LatentView Analytics
LatentView Analytics is a company that provides extensive data analytics solutions to global enterprises. Established in 2006, it is based in Princeton, New Jersey, with additional offices in India and the United Kingdom. The company offers a diverse array of services, encompassing customer analytics, marketing analytics, supply chain analytics, and risk analytics. Their clientele spans across multiple industries, including retail, e-commerce, financial services, and healthcare. The company is dedicated to assisting varied organizations in leveraging data to make informed decisions and achieve their business objectives.
Key Points to Consider:
- Presence of renowned customers such as PayPal, IBM, Cisco, and Microsoft.
- A comprehensive approach that encompasses the viewpoints of customers, employees, and society.
- Being acknowledged as a leading Indian company in the field of Data Science for its expertise in Data Operations and learning.
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Tiger Analytics
Tiger Analytics is a vibrant consulting firm that partners with businesses to unlock the potential of data, fostering growth and innovation. Established in 2011, and is headquartered in San Jose, California, with additional offices in India and Singapore. Tiger Analytics offers a wide range of services, including data science, machine learning, predictive analytics, and big data engineering.
Key Points to Consider:
- Conducting data analysis to address core challenges within the business.
- Providing customized solutions on both dates and technology specifically tailored for Fortune 500 companies.
- Establishing multiple branches located in both the United States and India.
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Absolutdata
Absolutdata is a renowned data analytics and research firm that assists business companies in making well-informed decisions based on data. Their distinct solutions revolve around marketing analytics, sales analytics, and customer analytics. The company was founded in 2001 and is headquartered in San Francisco, California. It has additional offices in India, the United Kingdom, and Singapore.
Key Points to Consider:
- Innovative solutions achieved by integrating artificial intelligence (AI) and machine learning (ML) within an analytical framework, encompassing business comprehension and technological expertise.
- Enhanced analytics services designed to effectively handle AI-generated data and machine learning solutions for TPi (Technology, Process, and Innovation) management.
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BRIDGEi2i Analytics Solutions
BRIDGEi2i Analytics Solutions specializes in AI and analytics solutions, enabling businesses to tackle complex problems and foster growth. Their services encompass demand forecasting, pricing optimization, and risk analytics. Established in 2011, it is based in Bangalore, India, with additional offices in the United States, the United Kingdom, and Australia.
Key Points to Consider:
- Address intricate business challenges by leveraging comprehensive AI capabilities to develop algorithmic engines such as Extractors, Recommenders, Optimizers, and Conversers.
- Facilitating the digital transformation of artificial intelligence (AI).
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Kanerika
Kanerika is a prominent global consulting organization established by Bhupendra Chopra and Samidha Garud. Its primary objective is to enhance the efficiency of businesses by implementing automated processes. Kanerika achieves this through the application of distinctive digital consulting frameworks and modular solution architecture, enabling the development of innovative strategies. Renowned enterprises worldwide seek the expertise of Kanerika to enhance their agility in response to dynamic market conditions, optimize operational expenses, and acquire crucial knowledge and information for informed decision-making.
Key Points to Consider:
- Services encompassing digital consultation, technology excellence, and an innovation lab.
- Combination of a digital framework and a simplified solutions architecture.
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Axtria
Axtria stands as a data analytics and cloud software company with a dedicated focus on the life sciences industry. Their solutions span sales and marketing analytics, commercial operations, and customer data management. Axtria has a strong focus on delivering measurable business outcomes and has worked with numerous leading life sciences companies worldwide.
Key Points to Consider:
- A formidable group comprising more than 400 proficient data analysts and experienced innovators.
- Utilization of cloud-based platforms, namely Axtria DataMAx, Axtria SalesIQ, Axtria InsightsMAx, and Axtria CustomerIQ.
- Recognition through esteemed accolades such as Inc. 5000, Deloitte Technology Fast 500, NJBIZ Fast 50, SmartCEO Future 50, and Red Herring 100.
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Genpact
Genpact is a globally renowned professional services firm that delivers data analytics and digital transformation solutions. They cater to various domains such as risk management, financial planning and analysis, and supply chain analytics. The company was founded in 1997 as a business process outsourcing (BPO) unit of General Electric and later became an independent company in 2005.
Key Points to Consider:
- Pioneering digital-driven advancements and sophisticated methodologies to enhance operations for esteemed Global Fortune 500 corporations.
- The utilization of Genpact Cora, an artificial intelligence-based platform.
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Conclusion
India has the potential to become a global hub for data science innovation and contribute significantly to the field’s advancements. With the exponential growth of data and the increasing demand for analytics expertise, the future scope for data science companies in India appears highly promising, poised for continued expansion and innovation. Moreover, the country has a large pool of skilled professionals and a thriving ecosystem of data science education and training programs.