Data analytics remains an integral part of digitally transforming a business to gain a competitive edge. Here, we’ll discuss the top managed analytics service providers and their role in enabling organizations to achieve long-term success.
A managed analytics service provider is a third-party company offering a range of services to remotely manage the information technology, network, security, and analytical requirements of a business. While IT MSPs have been popular for many years, there’s an increasing demand for managed analytics services where the focus is on data analytics and reporting.
Managed analytics services empower organizations to automate data collection, cleaning, storage, processing, analysis, and visualization to make data-driven decisions in a quick time. It helps businesses effectively manage and use data to understand customer requirements, market conditions, and competitors.
According to Statista, the revenue generated by the managed services market is expected to touch $23.21 billion in 2023. It is expected to grow at a CAGR (compound annual growth rate) of 2.86% between 2023 and 2028 to reach $26.72 billion by 2028.
The global managed services market is estimated to be over $400 billion by 2026. North America is the largest market, while Asia Pacific continues to be the fastest-growing market. Security and business apps are the most popular managed services provided in Europe and North America.
In this blog, we’ll read more about the top companies offering managed analytics services in the global market.
DataToBiz is one of the top managed analytics service providers to partner with for increasing precision in decision-making. With a global establishment itself, the company has clients from different continents like North America, Africa, Asia, Australia, etc. It caters to diverse industries and most businesses, be it a startup or a large enterprise.
A few services offered by the company are as follows:
DataToBiz is a high-level (top-tier) MSP offering end-to-end tailor-made services to plan, build, customize, implement, integrate, monitor, maintain, and upgrade the IT infrastructure and systems. It offers cloud and in-house services, along with remote collaborations. The company provides all four types of data analytics and data visualizations through customized and interactive dashboards. With years of domain experience, DataToBiz is a reliable, trustworthy, and affordable MSP in the global market.
Wipro is one of the leading companies offering data analytics managed services and technology solutions to address complex digital transformation requirements of businesses from around the globe. The company has over 14,000 clients from various industries, collaborating on different projects and verticals. It helps clients become sustainable and adapt to the ever-changing market conditions.
The company’s services are listed below:
Wipro provides data operations and insights as a service to help organizations become more aware of data and its importance in making proactive business decisions. The company empowers businesses to transform their data analytics landscape and add value across the departments with real-time insights and reports. With next-gen technologies and robust processes, Wipro helps enterprises implement a data-driven culture.
Deloitte is one of the oldest IT service providers in the industry. It has a presence in over 150 countries and works with a range of clients with versatile needs. The company offers data science managed services with capabilities like artificial intelligence, deep learning, image recognition, etc., to get smarter and more accurate insights. More than 4,400 data scientists are working on delivering cognitive AI and ML-based analytics.
The company’s other services are as follows:
Deloitte has come up with an exclusive service, Insight in the Age of With™, which allows enterprises to master large volumes of data and control it effectively, detect in-depth patterns and innovation opportunities, and promote intelligent reinvention to gain an edge over competitors in the market. The company helps save around 4,000 hours of analytical time through automation and advanced technology.
PwC helps organizations unlock the power of data and analytics through customized data intelligence services. The company provides business strategies to convert insights into actionable decisions and drive the expected outcomes for the client. It enables data-driven digital transformation and builds custom digital products with scalability and flexibility. The company also helps businesses adapt and sustain in the long term.
The following services are offered by the company:
PwC promotes integrated data strategy and data modernization to empower enterprises to use analytics for effective decision-making. The company offers complete services to migrate business systems to the cloud and use AI tools for predictive analytics. It also enables automation to accelerate and re-engineer business processes. The company works with numerous clients from different sectors and continents.
Infosys believes in amplifying human potential to create more business opportunities for growth. The company provides a wide range of services, including analytics and data management services using AI technology. It helps organizations unlock greater possibilities and change the business for the better. The company promotes more intelligence, more automation, and better connections.
It offers the following services:
The company creates an ecosystem for the clients to monetize data, navigate the competitive marketplaces, enable self-servicing systems, and transform the business to become an AI-first organization. It also offers hyperscaler solutions for fast-growing and multinational enterprises. Infosys has won the global Top Employer award for the third consecutive year.
Ernst Young (EY) is a global organization with several member firms associated with it. The company aims to build a better world by providing trustworthy services. It is an MSP with multidisciplinary teams that work with clients to achieve their business goals. The company promotes sustainable economic growth and inclusivity while also giving importance to innovation and data-driven decision-making.
The services offered by EY are listed below:
Ernst Young helps enterprises derive and apply analytics throughout the business to grow, protect, and optimize operations. It uses the latest technology and delivers embedded analytics in real-time to support faster and more effective decisions at various levels. The company promotes fact-based decision-making by helping businesses understand the intricacies of analytics.
A report by Canalys shows that 89% of partners who participated in the survey said that they expect their managed services revenue to increase in 2023. It also shows that the global managed services spending forecast is expected to grow by 12.7%, while IT spending might record only a 3.5% growth.
Managed Service Providers (MSPs) can be divided into different types based on the scope and the types of services they offer.
Well, with so many global MSPs, it’s hard to mention who are the top MSPs in the current US market. IBM, Accenture, Wipro, Infosys, DataToBiz, and Cognizant are considered the top MSPs in the international markets and have a presence in various countries.
The best-managed analytics service providers can streamline business operations and increase overall efficiency. They take care of the IT infrastructure and software to create a seamless workflow and enable automation for greater productivity.
Find an MSP company that can be a long-term partner for the organization to achieve its goals and stay one step ahead of competitors at all times. The right MSP partner can enhance customer experience and increase business revenue.
When businesses turn data-driven, making sense of stacked information is critical for success. Managed analytics service providers are experts in turning raw data into clear advantages and valuable insights.
These specialists can guide you through everything from data collection to insightful reports, regardless of your title (CEO, Founder, CTO). With advanced tools and analytics, they empower businesses to make smarter decisions, improve efficiency, and achieve strategic goals, both short and long-term. But, choosing the right one as per your requirements can be a tricky task and that’s where our DataToBiz comes in.
As you read above, here’s another list of managed analytics service providers, some based on industry, location, or ICP.
Beyond the lists, here, we address the most common questions people ask and you might have about managed analytics services, helping you understand how these solutions can help store, analyze, and manage your data. Whether you’re curious about the benefits, implementation process, or specific features of managed analytics, you’ll find all the answers, right here!
Managed analytics services provide organizations with a complete solution to transform their data into actionable insights for better decision-making. Imagine having a team of data specialists on your side, handling everything from setting up the technology to analyzing your data and creating clear reports. They essentially take your raw data and turn it into useful information that helps you understand your customers, operations, and overall business performance.
Many companies outsource tasks like maintaining computer networks and servers. This is a managed service. Managed analytics services function similarly, but focus specifically on your data infrastructure, tools, and expertise needed to analyze it effectively.
AaaS (Analytics as a Service) is a broader category that includes managed analytics services. AaaS offerings encompass various cloud-based solutions for data visualization, self-service analytics, and basic data management. Managed analytics provides a more customized approach, offering a dedicated team with in-depth data expertise and a wider range of services beyond basic analytics tools.
Data management service providers specialize in keeping your data organized, secure, and readily available for analysis. They ensure your data is accurate, accessible, and compliant with regulations. Some managed analytics services include data management as part of their package, while others can integrate seamlessly with your existing data management provider.
Managed analytics service providers act as trusted partners in your data journey. They offer a comprehensive suite of services, including:
The cost depends on the specific needs of your organization, such as the amount of data you have, the complexity of the analysis required, and the scope of services needed. However, it can often be more cost-effective than building and maintaining your own data analytics team in-house. Most providers offer flexible pricing models, allowing you to scale services and adjust costs based on your requirements.
Any organization with data can benefit from managed analytics services. Regardless of size, from small startups to large enterprises, companies can leverage these services to unlock valuable insights hidden within their data and gain a competitive edge through data-driven decision-making.
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Sunaina Meena ~ Digital Marketing Specialist
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