Business intelligence is fast becoming an integral part of every business. Invest in data engineering and business analytics to get accurate, real-time insights from data. We’ll discuss the top business intelligence companies to look for in 2024.
Data-driven decision-making has become a key trend in recent times. Organizations are looking at business analytics and real-time insights to make faster and better decisions. Businesses are turning proactive to survive competition and garb market opportunities before their competitors. This is possible with business intelligence and digital transformation.
Business intelligence is a combination of processes, tools, and strategies that use the data collected by enterprises to derive actionable insights. BI software collects, processes, stores, and analyses vast amounts of data to deliver real-time insights. The insights are presented as data visualizations through interactive dashboards. This graphical representation of data and analytics makes it easy for employees to tackle business challenges, understand the insights, and make necessary decisions at work.
Statistics show that the global BI and analytics market is expected to touch $18 billion by 2025. The BI software market is expected to grow at a CAGR (compound annual growth rate) of 44% to reach $32.856 billion by 2026.
Reports from Statista show that organizations have been investing more in business intelligence over the years. The investment per employee is expected to touch $9.23 in 2026. With an increasing demand for business intelligence software, there’s an equally increasing need for BI professionals and data intelligence companies to help organizations integrate the software with their existing systems and set up the data flow.
Many SMBs, SMEs, and large enterprises rely on offshore business intelligence companies that offer end-to-end solutions. This reduces the cost of investment and risk involved in building the BI system from scratch. It also bridges the talent gap in the enterprise without recruiting an in-house business analytics team.
Hiring an unsuitable business intelligence company can adversely affect your business and cause unwanted disruptions. A few common challenges are as follows:
Fortunately, these challenges can be overcome by taking time to study the BI service provider and talking to the team before making the final decision.
Let’s look at the top business intelligence companies to look out for in 2023.
DataToBiz is a team of data science and BI experts with years of experience in the industry. It is a reputed BI company with clients from Asia, the USA, Canada, the UK, the Middle East, and Australia. The company offers customized solutions for small, medium, and large enterprises from different industries, such as finance, EdTech, surveillance, logistics, manufacturing, healthcare, IT, entertainment, travel, and more.
DataToBiz is a certified partner of Google, Microsoft, and AWS. It has won recognition as one of the top 1000 global companies in 2022. The company offers an array of solutions apart from personalized business intelligence and data analytics. It worked with 300+ firms and has more than a 97% satisfaction rate. DataToBiz offers services for the following:
Fractal Analytics is among the leading business intelligence agencies that have clients in the US, UK, Singapore, and Dubai. The company has won awards for being one of the best places to work, especially for women. It has developed 40+ applications that help several businesses streamline and automate their internal processes.
Fractal Analytics deals with artificial intelligence solutions for data analytics. Retail, healthcare, consumer packaged goods, media, telecom, finance, and insurance are some niches the company specializes in. The company’s mission is to help businesses use advanced tools and data-driven models to automate tasks and increase productivity/ employee performance.
A few services offered by Fractal Analytics are:
Integrate.io offers services to integrate various data sources and streamline the connections in your system. This business intelligence firm focuses on data engineering to ensure accurate data analytics and insights. It offers flexible and scalable services to enterprises from various niches.
Integrate.io works to simplify the process of data integration and business analytics through low-code applications. The company offers cloud services and believes that an organization shouldn’t have to spend millions on hardware, software, and in-house teams. Integrate.io provides powerful and cost-effective solutions to adopt data-driven models in a business and use real-time analytics for decision-making.
The company offers the below services:
OxAgile is one of the leading business analytics companies with clients from various industries. The company offers customized services to transform, revamp, and scale business processes in an enterprise. It has more than 450 clients, including several Fortune 500 and Forbes 2000 companies from the US and EU markets.
OxAgile offers traditional and advanced analytics, depending on the requirements of each organization. The company specializes in developing a custom solution for each business to amplify ROI. It has a full-cycle delivery team to handle a range of responsibilities. Real-time communication, EdTech, AdTech, computer vision, and online video services are provided by the team.
OxAgile offers services for:
Alteryx is one of the top BI companies offering powerful solutions for businesses to make the most of data-driven models for decision-making. The company has more than 7000 global customers using its platforms and solutions. Alteryx Server and Alteryx Analytics Cloud are two popular solutions offered by the company. It helps with data engineering and business intelligence, along with other services.
Alteryx offers end-to-end solutions to automate analytics within a business. It enables digital transformation through artificial intelligence, machine learning, and data science processes. The applications developed by the company are compatible with third-party solutions like Snowflake, MS Office, etc. Another advantage of choosing Alteryx is the low-code or no-code solutions employees can easily understand and use.
The company offers:
Snowflake is a data platform that specializes in cloud services. It is one of the US-based business intelligence firms that deal with data clouds and offers scalable services to various clients. The company has 3k+ employees from 20 countries around the world. It helps businesses from different niches to manage their data and run analytics to derive real-time insights.
The Snowflake platform is a one-stop solution for data warehousing and business analytics. It can handle a data warehouse and a data lake together to deliver insights and predictive analytics. from public sector enterprises to financial institutions, manufacturing companies, healthcare providers, retail, and IT businesses, the company provides custom solutions for each business organization.
The services offered by Snowflake are as follows:
Rapidops is a software and services company that helps businesses transform their systems using advanced technology. The company works with startups, mid-sized businesses, and established Fortune 500 companies across the globe. It is one of the best business intelligence companies that offer end-to-end solutions to build, develop, and transform a business into an industry leader.
Rapidops specializes in industries like retail, healthcare, supply chain, and manufacturing. It has delivered more than 240 products and partners with major giants like Google, Microsoft, AWS, Twilio, Data Bricks, etc., to offer customized services to businesses. The company has achieved several awards over the years and is recognized as the top artificial intelligence company by GoodFirms.
The services provided by the company are:
SumatoSoft is among the well-known business analytics firms with clients from 27 countries around the world. The company has worked on 100+ successful projects and offers services for data analytics and the Internet of Things (IoT). It offers web, mobile, and SaaS services to business organizations from different niches.
SumatoSoft provides tailored services based on the client’s requirements and enables them to grow their business using the latest technologies. eCommerce, logistics, adtech, eLearning, and blockchain development are major expertise areas of the company. It offers frontend and backend development services for web and mobile applications.
The company provides the following solutions to its clients:
Accenture is a global management consulting firm with a strong BI practice. Founded in the year 1989, it is currently headquartered in Dublin, Ireland. With a long history in BI consulting and a vast pool of BI professionals, Accenture brings deep industry knowledge and proven methodologies to your project. They offer a wide range of services, including:
With many business intelligence service providers in the market, enterprises should take the time to choose the best company for their needs. Consider the service provider’s portfolio and previous clients when making a decision.
A business intelligence consulting company is a long-term partner and should understand the core values and KPIs of the client to provide tailor-made services. With the right BI company as a service provider, an enterprise can optimize its resources and maximize profits without compromising quality. Become a part of the global digital transformation with our business analytics services. Request a consultation with the team.
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