10 Most Promising Data Analytics Solution Providers - 2022

Collecting and identifying patterns in data helps companies to generate better in-sights for the organisation with regards to decision-making, and sometimes, automates the decision-making process itself. It transforms the business by reducing the cost and time required to make decisions that are more profitable and advantageous to the companies. All industries benefit from the use of data and analytics, especially industries like retail, medicine, banking & finance, construction, transportation, and communication, media & entertainment.

In retailing, big data and analytics plays a major role in retaining their customers. A study by IBM said that 62 percent of retail respondents claimed that insights provided by analytics and information provided them with competitive advantages. Big data also creates a hyperpersonal and relevant shopping experience for the customers. In the healthcare, there are wearable trackers which could pass on information to physicians, if necessary. Banking industry also uses software like `Erica' to help customers view information on upcoming bills. Construction companies are able to track everything from the average time needed to complete tasks to materials-based expenses and everything in between using the data.

Communication, media & entertainment and education are the two sectors which have paramount benefits from data analytics. Media & Entertainment collects, utilizes and analyzes customer's data and use it to leverage social media and mobile content and understand real-time, media content usage patterns.

Big data is the future of technology and it is going to disrupt everything from the way one work to how one work and it is going to influence one's choices and decisions in the future. Statista maintains that the global big data market will grow to $103 billion by 2027, with the software industry leading the Big Data market with a 45 percent share.

CIOReview in this issue presents a list of `10 Most Promising Data Analytics Solution Providers - 2022' who have leveraged their extensive industry expertise and experience in bringing innovative solutions. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board. We recognize their valuable contribution to the ever expanding & competitive market and their ability to sustain themselves and emerge as top contestants through their reliable services.

We present to you CIOTechOutlook 10 Most Promising Data Analytics Solution Providers - 2022.