Over the past few years, India has seen a significant rise in the number of technology startups. With the increasing dependence on digital technologies, businesses are looking to analyze and interpret data in order to improve their performance. This has led to the rise of early analytics companies in India that are focused on providing valuable insights to businesses. In this article, we will take a closer look at some of the earliest analytics companies in India and their contributions to the industry.
- Mu Sigma
Founded in 2004, Mu Sigma is one of the oldest companies in the analytics industry in India. Headquartered in Bangalore, the company provides analytics, data science, and decision science services to businesses across the globe. Today, Mu Sigma has over 4,000 employees and works with more than 140 businesses, including Walmart, Microsoft, and Dell.
- Fractal Analytics
Fractal Analytics was founded in 2000 and is headquartered in Mumbai. It is one of the leading providers of advanced analytics services to businesses across various industries. The company has won various awards for its analytics capabilities, and its clients include some of the world’s largest companies like P&G, Philips, and Coca-Cola. Fractal Analytics has over 2,200 employees and offices in the USA, UK, and India.
- Absolutdata
Founded in 2001, Absolutdata is a research-based analytics and consulting firm headquartered in Gurgaon, India. Absolutdata offers data-driven solutions to businesses across industries such as financial services, pharmaceuticals, travel, and hospitality. The company specializes in data analytics, research, and consulting services, and has a strong presence in the USA and the UK as well.
- Manthan Systems
Manthan Systems was founded in Bangalore in 2003 and is known for providing big data analytics solutions to businesses. The company’s analytics platform helps businesses gain deep insights into customer behavior and trends, which enables them to make informed decisions. Manthan Systems counts L’Oreal, McDonald’s, and Starbucks among its clients.
- LatentView Analytics
Founded in 2006, LatentView Analytics is a digital analytics firm with a presence in India, the USA, and the UK. The company specializes in providing analytics solutions for online marketing, customer analytics, and supply chain analytics. Some of the company’s clients include eBay, Google, and PepsiCo. LatentView Analytics has won several awards for its innovative analytics solutions.
- Analytic Edge
Founded in 2005, Analytic Edge is an analytics, data science, and artificial intelligence company headquartered in Bangalore. The company provides solutions to businesses across various sectors like retail, healthcare, and finance. Some of the company’s clients include Walmart, Procter & Gamble, and McDonald’s.
- Mu Sigma’s parent company – Dun & Bradstreet
Dun & Bradstreet is a global provider of data analytics, risk management, and business insights. It is the parent company of Mu Sigma, which it acquired in March 2021. Dun & Bradstreet has been operating in India for over 25 years and has a strong presence in the country’s analytics industry.
In conclusion, India’s analytics industry has come a long way over the past two decades. From a few scattered startups to a robust ecosystem of companies, the industry’s growth has been impressive. With the increasing demand for data-driven insights, we can expect to see more innovation and growth in the analytics industry in India in the years to come. As businesses become more reliant on data analytics to improve performance, the importance of early analytics companies will only continue to grow.
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