Business intelligence (BI) deals with collecting, cleaning, storing, analyzing, and presenting data in a graphical format to enable data-driven decision-making in SMBs and large enterprises. BI deals with various aspects, ranging from performance benchmarking to predictive analytics. This is where BI consulting companies step in. Here’s a list of the top Business Intelligence consulting firms in UK to partner with and adopt the data-driven model.
Business intelligence is the collection of tools, applications, strategies, and approaches to gather, process, and analyze data to derive insights. BI converts raw data into actionable insights that are further used to make business decisions. Many top-level executives agree that business intelligence is important for strategic decision-making.
However, the adoption rate seems to be progressing slowly. A few reasons for this are the lack of infrastructure to handle advanced applications, the gap between existing and required talent, and the cost of implementing BI. That said, these challenges are easy to overcome. Leading enterprises partner with top business intelligence consulting firms instead of starting the project from scratch. This allows enterprises to work with expert BI professionals without worrying about the cost.
In this blog, we’ll know more about business intelligence and will review the compiled list of business intelligence consulting firms in UK.
The business intelligence market in the UK is expected to grow at a CAGR (compound annual growth rate) of 9.2% between 2023 and 2028. BI tools are used to help enterprises make data-driven decisions and rely on real-time insights to survive market competition. Microsoft, IBM, SAP, Oracle, and Tableau are the top five BI tools used in the United Kingdom.
The UK government has signed a three-year MoU (Memorandum of Understanding) with Microsoft to revamp the internal processes in public sector organizations and move the systems to the cloud. Many UK-based businesses use BI tools in sales and marketing to increase their revenue and enhance customer satisfaction.
A BI solution combines technology and strategy to gather, analyze, and interpret data from multiple sources (internal and external) to provide accurate information and reports about the past, present, and future of an enterprise. Historical and real-time data is collected and analyzed to understand past trends, current market conditions, and future opportunities & threats. Descriptive and predictive analytics are a part of business intelligence solutions.
Business intelligence capabilities allow organizations to:
Business intelligence solutions can be adopted across different verticals in an enterprise. It helps businesses use historical and current data to understand trends and patterns. BI reports are used by HRs, finance teams, sales & marketing teams, customer service departments, top management, etc., to make day-to-day and long-term decisions. A few examples of BI solutions are:
The role of a BI consultant changes from one organization to another. For example, BI experts from business intelligence companies offer end-to-end services to help clients adopt business intelligence tools and processes in an enterprise. They are responsible for the following:
In-house BI professionals have a narrow scope of responsibilities and focus more on generating reports based on the derived insights.
DataToBiz is one of the top global business intelligence companies with clients from the UK, Canada, Australia, India, the US, and the Middle East. The company helps startups, SMBs, MSMEs, and large enterprises unlock the potential of data and use analytics for making faster, better, and more efficient decisions.
The company has developed products like PrepAI, HireLakeAI, SensiblyAI, etc., to offer AI-driven customized solutions for businesses from various industries. DataToBiz has experience in offering complete solutions to enterprises belonging to EdTech, FinTech, human resources, manufacturing, supply chain & logistics, travel, healthcare, surveillance, banking & insurance, media & entertainment, hospitality, and more.
It offers personalized solutions for:
DataToBiz has flexible pricing and aims to help businesses reduce their cost of investment without compromising quality or productivity. The company has a team of experienced BI professionals who can handle projects of varying sizes and complexities. Innovative and out-of-the-box strategies are the highlight of DataToBiz.
Accenture is one of the best business intelligence consulting firms with a global presence. The company believes in accelerating change to equip businesses with the necessary tools and processes to have an edge over competitors in the market. It works with clients from banking, aerospace, automotive, travel, retail, industrial, insurance, communications, etc.
The company has an ecosystem with 249 partners. It has 9000+ clients from 120 countries around the world. The company has won many awards over the years for its contribution to the industry and is at 33 among the overall Fortune World’s Most Admired companies.
Accenture provides services such as:
The company offers customized services but is more popular for working with large and multinational enterprises. It has premium pricing beyond the budget for small and medium-sized businesses with limited finances.
Cordence is among the biggest business intelligence companies, with more than 50 offices in 22 countries. The company has 17 years of experience in offering world-class expertise to help clients create solutions and synergies required for their success. It focuses on delivering tangible results that can be measured by businesses.
The company helps businesses from different industries like energy & chemicals, automotive, consumer packaged goods, public services, life sciences, travel & mobility, managed services, etc. It is a mother firm consisting of independent companies that offer an array of solutions to businesses in their respective regions.
Cordence Worldwide offers the following services:
The company believes in accountability to clients and emphasizes the importance of cultural aspects in understanding and business and making it successful. It has an agile consulting model that delivers the promised results to each client. North Highland member firm offers services in the UK.
BearingPoint transforms businesses for a better future. It is one of the well-known business analytics companies with European roots and a global client base. It has three major business units- consulting, capital, and products to help enterprises from 70 countries around the world. The firm has worked on 1298 projects.
From offering advisory services to providing IP-driven digital assets, BearingPoint delivers measurable and sustainable results to every client. It is focused on creating sustainable solutions for the future by using innovative technologies.
The company offers services like
BearingPoint works with an array of industries such as health & social care, banking & capital markets, automotive, retail & consumer goods, chemicals, manufacturing, public sector, telecommunication, utilities, logistics & transportation, etc.
McKinsey & Company is among the leading business intelligence companies in the UK that work with public, private, and social sector clients from the region. It has 50+ years of experience in the United Kingdom, along with a presence in more than 140 locations around the world.
The company combines local expertise with global talent to offer geo-targeted solutions to each client. It aims to accelerate business growth while focusing on sustainability and inclusivity. QunatumBlack is the artificial intelligence wing of the company that offers personalized solutions to help businesses achieve their goals.
McKinsey & Company provides services such as:
The firm specializes in industries like agriculture, aerospace & defense, assembly & automotive, chemicals, semiconductors, healthcare, oil & gas, metals & mining, electric power & natural gas, etc. McKinsey & Company’s mission is to help clients make distinctive, substantial, and lasting improvements that increase their performance across the business.
Ernst & Young’s mission is to build a better working world. It provides quality insights and builds industry leaders by offering premium business intelligence services in the UK and around the globe. The company calls itself a ‘North Star’, acting as a guiding light to help businesses navigate the rapidly changing markets.
It emphasizes three core values- sustainability, technology, and trust. From changing the existing systems to derive better results to training the next generation for the future, EY offers a plethora of services in several industries and niches.
The company provides the below services:
Ernst & Young helps transform data to drive trust and resilience. It promotes inclusive growth and has opened its first Neuro-Diverse Centre of Excellence (NCoE) in the UK. The company works with organizations from the public and private sectors.
Deloitte is one of the best business intelligence companies in the international market. The company is celebrating its 175 years of presence in the industry and the numerous clients it has worked with over the decades. It has people from more than 150 countries and territories working to offer diverse services to businesses.
Deloitte LLP is a UK firm belonging to the Deloitte Touche Tohmatsu Limited (DTTL) mother firm. Every regional office/ company caters to local clients and adheres to regional government regulations.
The company offers services like:
Deloitte has clients from several industries, including government and public services, consumer markets, automotive, telecommunications, media, life sciences, healthcare, energy & resources, etc. The firm partners with businesses to help them achieve their net zero.
The UK business intelligence market is on the rise. Many small, medium and large-scale organizations are investing/ planning to invest in artificial intelligence to automate data analytics and generate real-time reports.
Businesses need to understand their core values before finalizing a BI partner for the long term. Choosing the right business intelligence service provider is the key to optimizing resources and enhancing performance. Become an industry leader by staying one step ahead of your competitors. Schedule a meeting with our team to learn more.
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