The document discusses business intelligence and analytics in India, including trends, challenges, and growth. It notes that while the industry in India is growing, it faces challenges like a lack of relevant data, shortage of skilled workers, fragmented market, and need for more domain-specific education. However, trends like a growing focus on industries like retail and banking, and increased use of mobile business intelligence, are supporting the growth of the industry. The industry is expected to reach revenues of $140 million in India by 2014.
This document discusses big data and analytics opportunities in India. It provides an overview of India's growing digital footprint through increasing internet and social media penetration. It presents several case studies of big data and analytics applications in e-commerce, telecom, retail, sports/entertainment and governance. It also outlines some implementation challenges around data silos, talent availability and infrastructure readiness. Finally, it predicts that the Indian big data and analytics market will double in size to $375 million by 2018 with key growth areas including education, healthcare, governance and agriculture.
Ramyam Intelligence Lab has been quoted in various segments in Indian Analytics Products ecosystem a report from NASSCOM (through Deloitte Analysis, Analyst reports and NASSCOM).
Enterprise Business Intelligence
Marketing Analytics
Customer Loyalty Management
Customer Life Cycle Management.
Data Science & AI Trends 2019 By AIM & AnalytixLabsRicha Bhatia
This document discusses 10 data science and AI trends to watch for in India in 2019. It begins with an executive summary noting that enterprises are putting digital technologies like AI, machine learning, and analytics at the core of their transformations. It then discusses each of the 10 trends in more detail, with quotes from experts about how each trend will impact industries and businesses. The trends include more industries utilizing analytics and AI, deploying models for real-time use cases, using data analysis for informed customer engagement, increasing investment in data infrastructure, analytics becoming more pervasive, the need for greater collaboration, personalized products, making analytics more human-centric, replacing centralized data with a single customer view, and the growth of voice and AI assistants.
COVID-19 has increased the need for intelligent decisioning through AI, but ROI is not guaranteed. Here's how to accelerate AI outcomes, according to our recent study.
Manufacturers were hard hit by COVID-19, but our research reveals the next best steps to take, based on the investments digital leaders in the industry have made and plan to make.
Embracing a More Connected Future Using IoTCognizant
The document discusses how companies can accelerate their adoption of IoT technologies to gain business benefits. It summarizes the findings of a study that assessed organizations' digital maturity levels and their progress in adopting IoT. The study found that IoT adoption is easier for more digitally mature companies and yields higher returns than other technologies. The document then outlines five vectors for how organizations can implement IoT solutions to improve operations: promoting remote work, automating production processes, improving customer experience, increasing healthcare efficiency, and building smarter infrastructure. Implementing focused IoT projects in these areas can help companies future-proof their operations and adapt to changing business environments.
This document discusses big data and analytics opportunities in India. It provides an overview of India's growing digital footprint through increasing internet and social media penetration. It presents several case studies of big data and analytics applications in e-commerce, telecom, retail, sports/entertainment and governance. It also outlines some implementation challenges around data silos, talent availability and infrastructure readiness. Finally, it predicts that the Indian big data and analytics market will double in size to $375 million by 2018 with key growth areas including education, healthcare, governance and agriculture.
Ramyam Intelligence Lab has been quoted in various segments in Indian Analytics Products ecosystem a report from NASSCOM (through Deloitte Analysis, Analyst reports and NASSCOM).
Enterprise Business Intelligence
Marketing Analytics
Customer Loyalty Management
Customer Life Cycle Management.
Data Science & AI Trends 2019 By AIM & AnalytixLabsRicha Bhatia
This document discusses 10 data science and AI trends to watch for in India in 2019. It begins with an executive summary noting that enterprises are putting digital technologies like AI, machine learning, and analytics at the core of their transformations. It then discusses each of the 10 trends in more detail, with quotes from experts about how each trend will impact industries and businesses. The trends include more industries utilizing analytics and AI, deploying models for real-time use cases, using data analysis for informed customer engagement, increasing investment in data infrastructure, analytics becoming more pervasive, the need for greater collaboration, personalized products, making analytics more human-centric, replacing centralized data with a single customer view, and the growth of voice and AI assistants.
COVID-19 has increased the need for intelligent decisioning through AI, but ROI is not guaranteed. Here's how to accelerate AI outcomes, according to our recent study.
Manufacturers were hard hit by COVID-19, but our research reveals the next best steps to take, based on the investments digital leaders in the industry have made and plan to make.
Embracing a More Connected Future Using IoTCognizant
The document discusses how companies can accelerate their adoption of IoT technologies to gain business benefits. It summarizes the findings of a study that assessed organizations' digital maturity levels and their progress in adopting IoT. The study found that IoT adoption is easier for more digitally mature companies and yields higher returns than other technologies. The document then outlines five vectors for how organizations can implement IoT solutions to improve operations: promoting remote work, automating production processes, improving customer experience, increasing healthcare efficiency, and building smarter infrastructure. Implementing focused IoT projects in these areas can help companies future-proof their operations and adapt to changing business environments.
eTailing India Launches Big Data Report - 2015 eTailing India
The document discusses the current state of big data in India and its potential impact on eCommerce growth. It notes that big data involves collecting, processing, and applying insights from large, diverse data sets. While still nascent in India, big data is projected to significantly impact eCommerce by providing deeper customer insights and more personalized experiences. Major players are adopting strategies like Hadoop to analyze customer behavior and improve conversions. Widespread adoption is expected to drive industry competition and innovation.
The analytics industry is growing for sure and Analytics India Magazine in association with AnalytixLabs brings the Analytics India Industry study 2017 covering all the aspects of the analytics industry. The study is a result of extensive primary and secondary research conducted over a duration of two months.
Data Science Leaders Outlook In India 2019: By AIM & SimplilearnRicha Bhatia
In its fifth year, our Data Science Leaders Outlook in India 2019 in collaboration with Simplilearn takes stock of the analytics landscape in India and how enterprises have moved up the analytics maturity index. What was once viewed as a competitive advantage is now powering the core operations and helping companies launch entirely new business models. Analytics and Data Science has changed the dynamics of the industry, spawning a winner-takes-all market.
Shared Service Centers: Risks & Rewards in the Time of CoronavirusCognizant
Our recent research reveals that organizations are reassessing the pros and cons of captive services. Companies are twice as likely to reduce than increase their use of shared service centers.
Jesus Rodriguez introduces an IoT platform as a service (PaaS) to address challenges facing enterprises implementing IoT solutions at scale. The presentation outlines the massive market opportunity of IoT but also connectivity, integration, data, scalability, analytics, security and other challenges. The proposed IoT PaaS model includes components for protocol brokering, event processing, storage, simulation, rules engines, real-time analytics and security to provide a common infrastructure and simplify building industrial IoT solutions. Key benefits are a uniform communication layer for heterogeneous devices and simpler, more agile development of industrial IoT projects.
Analytics & Data Science Industry in India: Study 2019 by AIM & Praxis Busine...Richa Bhatia
Our annual Analytics & Data Science Industry In India: Study 2019 by Analytics India Magazine and Praxis Business School identifies the key trends and revenue drivers for the analytics industry. We take stock of the burgeoning analytics industry in India — domestic and outsourcing, the leading revenue generators, the geographies served and where the analytics market is heading.
Analytics & Data Science Industry In India: Study 2018 - by AnalytixLabs & AIMAnalytics India Magazine
The data analytics market in India is growing at a fast pace, with companies and startups offering analytics services and products catering to various industries. Different sectors have seen different penetration and adoption of analytics, and so is the revenue generation from these sectors.
The Analytics and Data Science Industry Study 2018 takes into account various trends that analytics industry in India is witnessing, revenue generated through various geographies, analytics market size by sector, across cities etc. It also takes into consideration analytics professionals in India across work experience and education.
This year’s study is brought to you in association with AnalytixLabs, a pioneer and one of the first analytics training institutes in India. The study is a result of extensive primary and secondary research conducted over a duration of two months, where we got in touch with analytics companies and professionals across various industries such as banking, finance, ecommerce, retail, pharma, healthcare and others.
Incorporating artificial intelligence into your business systems and processes is a journey unlike any other digital technology implementation. Here is a five-step process for navigating it successfully.
Addressing India's Reskilling Challenge - A Report By AIMRicha Bhatia
In our report, we dig into the educational stakeholder
landscape to see how they are transforming the skills market by
developing training courses and certification programmes that
correspond to in-demand skills required today. We look at the
type of educational institutions offering data and analytics
programs; how the educational landscape is changing in
response to the heightened demand for analytics skills and
what needs to be done to fill the skill gap.
In the latest edition of the Indian analytics study, AIM Research, in association with AnalytixLabs, provides insights on the overall analytics domain and the state of analytics across sectors and enterprises.
This document summarizes key findings from a study comparing digital banking functionality across 238 banks in 38 European countries. The study found:
- Swiss banks rank high in the breadth of digital functions offered but score relatively poorly on user experience compared to other markets.
- User experience is an area where Swiss banks need most improvement, though they offer an extensive set of functions.
- Account opening is one process where Swiss banks lag peers, with limited remote identity verification and lack of end-to-end digital journeys.
Why IT Needs More Analytics Talent - Tech News _ Latest Technology NewsArup Das
There is a growing demand for analytics talent in the IT industry to help companies make better business decisions using data analytics. However, there is currently a shortage of professionals with analytics skills. While the IT job market in India is projected to grow and create over 250,000 new jobs in 2016, only 11-13% of these roles will be in analytics due to the lack of candidates with the necessary technical and business analytics training. Close partnerships between academia and industry are needed to help equip both new and experienced IT professionals with analytics skills relevant to real-world business problems.
Study: Analytics and Data Science Jobs in India: 2020 – By Great Learning & AIMSrishti Deoras
This report outlines the functional analytics skills and programming languages that are most in-demand in the market. The report provides insights for recruiters and hiring companies so that they can study the demand for skills across the analytics function, and can identify and close any capability gaps across workforces. By highlighting the talent hotspots in the country, the report enables organisations to build a steady talent pipeline.
Ibm's global ai adoption index 2021 executive summaryEmisor Digital
Almost a third of businesses surveyed in the IBM Global AI Adoption Index 2021 report that they are currently using AI, and 43% say they accelerated their AI rollout due to the COVID-19 pandemic. However, lack of AI skills and increasing data complexity were cited as top challenges. While 74% of companies are exploring or deploying AI, the most common barriers are limited AI expertise, data complexity, and lack of tools to develop AI models. Ensuring AI systems are trustworthy, fair, and can be explained is also critical for businesses.
State of Artificial Intelligence in India 2020Srishti Deoras
Report developed by AIMResearch, in association with Jigsaw Academy, on the Artificial Intelligence Market in India as AI emerges as one of the primary Data Science functions across Enterprises in India
Analytics And Data Science Jobs In India 2019 – By Great Learning & AIMRicha Bhatia
In our annual study with Great Learning, we examine the landscape of job requiring data science and analytics competencies and skills. Our market snapshot gives a quick view of the evolving talent market and highlights how employees need to develop a blend of skills to strive ahead in data science roles. The report clearly demonstrates while skills in Python and Java are highly sought-after, a professional programmer or a data analyst should have the ability to learn new coding languages.
Technolony Vision 2016 - Primacy Of People First In A Digital World - Vin Mal...Vin Malhotra
The document discusses emerging technologies and their impact on businesses over the next 3-5 years based on research by Accenture. It identifies 5 technology trends that will be essential for business success: 1) Intelligent Automation using AI to automate tasks, 2) Liquid Workforce to build a flexible workforce, 3) Platform Economy using platforms for business model innovation, 4) Predictable Disruption from digital ecosystems, and 5) Digital Trust to strengthen customer relationships through ethics and security. The research involved input from experts and a global survey of over 3,100 business and IT executives.
This document provides an overview of a presentation on core banking and channel refresh for financial institutions. It discusses macro drivers like customer experience, cost efficiency and revenue growth that are shaping the industry. Key strategic drivers for core banking refresh include enhancing the customer experience, achieving operational efficiency, meeting regulatory requirements, and supporting business innovation. Common investment areas are online and mobile platform upgrades and core banking enhancements. The presentation examines questions around bank strategy, prioritizing core versus channels, remediating or replacing existing core platforms, and how to select a new core banking platform.
State of data_science_in_domestic_indian_market_2019_aim_sasSrishti Deoras
This document provides an overview of analytics and data science adoption in large Indian companies based on a study conducted in 2019. Some key findings:
- Analytics adoption has increased to 70% of large firms from 64% last year. Sectors like banking, auto and e-commerce have nearly 100% adoption.
- Mumbai accounts for 44% of analytics functions, followed by Delhi and Bangalore which together account for 91% of functions.
- On average, analytics penetration is 2.5% of employees and tenure is 4 years, up from 2.8% and 3.4 years respectively last year.
- Telecom professionals have the highest experience at 10.2 years while e-commerce has the lowest tenure at
LIVE PROJECT ON JOB DESCRIPTION AND JOB ENGAGEMENT OF EMPLOYEES IN IT INDUSTRY.NISHIGANDHA BATWAL
The project was aimed to understand the IT sector. We choose Datamatics Global Services Limited to understand the JD and Job Engagement process at Datamatics Global Services Limited.
It industry tcs group 7_ssm assignmentAdvait Bhobe
The document discusses the Indian IT industry and Tata Consultancy Services (TCS). It provides an overview of the growth of the Indian IT industry, trends in the industry such as increasing internet usage and employment. It also discusses the various components of the IT industry in India. Finally, it gives details about TCS, the largest IT company in India, including its history, services provided, and size.
eTailing India Launches Big Data Report - 2015 eTailing India
The document discusses the current state of big data in India and its potential impact on eCommerce growth. It notes that big data involves collecting, processing, and applying insights from large, diverse data sets. While still nascent in India, big data is projected to significantly impact eCommerce by providing deeper customer insights and more personalized experiences. Major players are adopting strategies like Hadoop to analyze customer behavior and improve conversions. Widespread adoption is expected to drive industry competition and innovation.
The analytics industry is growing for sure and Analytics India Magazine in association with AnalytixLabs brings the Analytics India Industry study 2017 covering all the aspects of the analytics industry. The study is a result of extensive primary and secondary research conducted over a duration of two months.
Data Science Leaders Outlook In India 2019: By AIM & SimplilearnRicha Bhatia
In its fifth year, our Data Science Leaders Outlook in India 2019 in collaboration with Simplilearn takes stock of the analytics landscape in India and how enterprises have moved up the analytics maturity index. What was once viewed as a competitive advantage is now powering the core operations and helping companies launch entirely new business models. Analytics and Data Science has changed the dynamics of the industry, spawning a winner-takes-all market.
Shared Service Centers: Risks & Rewards in the Time of CoronavirusCognizant
Our recent research reveals that organizations are reassessing the pros and cons of captive services. Companies are twice as likely to reduce than increase their use of shared service centers.
Jesus Rodriguez introduces an IoT platform as a service (PaaS) to address challenges facing enterprises implementing IoT solutions at scale. The presentation outlines the massive market opportunity of IoT but also connectivity, integration, data, scalability, analytics, security and other challenges. The proposed IoT PaaS model includes components for protocol brokering, event processing, storage, simulation, rules engines, real-time analytics and security to provide a common infrastructure and simplify building industrial IoT solutions. Key benefits are a uniform communication layer for heterogeneous devices and simpler, more agile development of industrial IoT projects.
Analytics & Data Science Industry in India: Study 2019 by AIM & Praxis Busine...Richa Bhatia
Our annual Analytics & Data Science Industry In India: Study 2019 by Analytics India Magazine and Praxis Business School identifies the key trends and revenue drivers for the analytics industry. We take stock of the burgeoning analytics industry in India — domestic and outsourcing, the leading revenue generators, the geographies served and where the analytics market is heading.
Analytics & Data Science Industry In India: Study 2018 - by AnalytixLabs & AIMAnalytics India Magazine
The data analytics market in India is growing at a fast pace, with companies and startups offering analytics services and products catering to various industries. Different sectors have seen different penetration and adoption of analytics, and so is the revenue generation from these sectors.
The Analytics and Data Science Industry Study 2018 takes into account various trends that analytics industry in India is witnessing, revenue generated through various geographies, analytics market size by sector, across cities etc. It also takes into consideration analytics professionals in India across work experience and education.
This year’s study is brought to you in association with AnalytixLabs, a pioneer and one of the first analytics training institutes in India. The study is a result of extensive primary and secondary research conducted over a duration of two months, where we got in touch with analytics companies and professionals across various industries such as banking, finance, ecommerce, retail, pharma, healthcare and others.
Incorporating artificial intelligence into your business systems and processes is a journey unlike any other digital technology implementation. Here is a five-step process for navigating it successfully.
Addressing India's Reskilling Challenge - A Report By AIMRicha Bhatia
In our report, we dig into the educational stakeholder
landscape to see how they are transforming the skills market by
developing training courses and certification programmes that
correspond to in-demand skills required today. We look at the
type of educational institutions offering data and analytics
programs; how the educational landscape is changing in
response to the heightened demand for analytics skills and
what needs to be done to fill the skill gap.
In the latest edition of the Indian analytics study, AIM Research, in association with AnalytixLabs, provides insights on the overall analytics domain and the state of analytics across sectors and enterprises.
This document summarizes key findings from a study comparing digital banking functionality across 238 banks in 38 European countries. The study found:
- Swiss banks rank high in the breadth of digital functions offered but score relatively poorly on user experience compared to other markets.
- User experience is an area where Swiss banks need most improvement, though they offer an extensive set of functions.
- Account opening is one process where Swiss banks lag peers, with limited remote identity verification and lack of end-to-end digital journeys.
Why IT Needs More Analytics Talent - Tech News _ Latest Technology NewsArup Das
There is a growing demand for analytics talent in the IT industry to help companies make better business decisions using data analytics. However, there is currently a shortage of professionals with analytics skills. While the IT job market in India is projected to grow and create over 250,000 new jobs in 2016, only 11-13% of these roles will be in analytics due to the lack of candidates with the necessary technical and business analytics training. Close partnerships between academia and industry are needed to help equip both new and experienced IT professionals with analytics skills relevant to real-world business problems.
Study: Analytics and Data Science Jobs in India: 2020 – By Great Learning & AIMSrishti Deoras
This report outlines the functional analytics skills and programming languages that are most in-demand in the market. The report provides insights for recruiters and hiring companies so that they can study the demand for skills across the analytics function, and can identify and close any capability gaps across workforces. By highlighting the talent hotspots in the country, the report enables organisations to build a steady talent pipeline.
Ibm's global ai adoption index 2021 executive summaryEmisor Digital
Almost a third of businesses surveyed in the IBM Global AI Adoption Index 2021 report that they are currently using AI, and 43% say they accelerated their AI rollout due to the COVID-19 pandemic. However, lack of AI skills and increasing data complexity were cited as top challenges. While 74% of companies are exploring or deploying AI, the most common barriers are limited AI expertise, data complexity, and lack of tools to develop AI models. Ensuring AI systems are trustworthy, fair, and can be explained is also critical for businesses.
State of Artificial Intelligence in India 2020Srishti Deoras
Report developed by AIMResearch, in association with Jigsaw Academy, on the Artificial Intelligence Market in India as AI emerges as one of the primary Data Science functions across Enterprises in India
Analytics And Data Science Jobs In India 2019 – By Great Learning & AIMRicha Bhatia
In our annual study with Great Learning, we examine the landscape of job requiring data science and analytics competencies and skills. Our market snapshot gives a quick view of the evolving talent market and highlights how employees need to develop a blend of skills to strive ahead in data science roles. The report clearly demonstrates while skills in Python and Java are highly sought-after, a professional programmer or a data analyst should have the ability to learn new coding languages.
Technolony Vision 2016 - Primacy Of People First In A Digital World - Vin Mal...Vin Malhotra
The document discusses emerging technologies and their impact on businesses over the next 3-5 years based on research by Accenture. It identifies 5 technology trends that will be essential for business success: 1) Intelligent Automation using AI to automate tasks, 2) Liquid Workforce to build a flexible workforce, 3) Platform Economy using platforms for business model innovation, 4) Predictable Disruption from digital ecosystems, and 5) Digital Trust to strengthen customer relationships through ethics and security. The research involved input from experts and a global survey of over 3,100 business and IT executives.
This document provides an overview of a presentation on core banking and channel refresh for financial institutions. It discusses macro drivers like customer experience, cost efficiency and revenue growth that are shaping the industry. Key strategic drivers for core banking refresh include enhancing the customer experience, achieving operational efficiency, meeting regulatory requirements, and supporting business innovation. Common investment areas are online and mobile platform upgrades and core banking enhancements. The presentation examines questions around bank strategy, prioritizing core versus channels, remediating or replacing existing core platforms, and how to select a new core banking platform.
State of data_science_in_domestic_indian_market_2019_aim_sasSrishti Deoras
This document provides an overview of analytics and data science adoption in large Indian companies based on a study conducted in 2019. Some key findings:
- Analytics adoption has increased to 70% of large firms from 64% last year. Sectors like banking, auto and e-commerce have nearly 100% adoption.
- Mumbai accounts for 44% of analytics functions, followed by Delhi and Bangalore which together account for 91% of functions.
- On average, analytics penetration is 2.5% of employees and tenure is 4 years, up from 2.8% and 3.4 years respectively last year.
- Telecom professionals have the highest experience at 10.2 years while e-commerce has the lowest tenure at
LIVE PROJECT ON JOB DESCRIPTION AND JOB ENGAGEMENT OF EMPLOYEES IN IT INDUSTRY.NISHIGANDHA BATWAL
The project was aimed to understand the IT sector. We choose Datamatics Global Services Limited to understand the JD and Job Engagement process at Datamatics Global Services Limited.
It industry tcs group 7_ssm assignmentAdvait Bhobe
The document discusses the Indian IT industry and Tata Consultancy Services (TCS). It provides an overview of the growth of the Indian IT industry, trends in the industry such as increasing internet usage and employment. It also discusses the various components of the IT industry in India. Finally, it gives details about TCS, the largest IT company in India, including its history, services provided, and size.
The global HR analytics market generated revenue of US$ 1.9 billion in 2020 and is expected to reach US$ 3.5 billion by 2025 with a CAGR of 12.6% in the forecast period. The HR analytics market report offers a comprehensive market analysis of the different segments and regions that lets readers make crucial business-related decisions with a wealth of information enclosed in this report. The research report offers both qualitative and quantitative information on the global HR analytics market. In qualitative terms, the HR analytics market report provides insights into numerous factors, such as market determinants, value chain analysis, emerging trends, growth opportunity analysis, porters five-force model analysis and macro-economic factors, segment analysis, regional analysis at a granular level. Similarly, in quantitative terms, the report provides historical and forecast market numbers of HR analytics in various segments such as by component, deployment model, enterprise size & industry at global, regional, and country-level. Also, the report provides a detailed analysis of the market vendors and their product offerings. The report also covers details of the competitive market environment and includes information on the capabilities and competencies of market vendors.
Data science ai_trends_india_2020_analytics_india_magazineSrishti Deoras
The document discusses key data science and AI trends to watch out for in India in 2020 according to a report by Analytics India Magazine and AnalytixLabs. Some of the major trends highlighted include the rise of hyper automation, development of more humanized AI products, advancements in natural language processing and conversational AI, increased focus on explainable AI, growth of augmented analytics, innovations in data storage technologies, greater emphasis on data privacy, raising awareness on ethical use of AI, and potential opportunities around quantum computing and data science. The report examines each of these trends in further detail to outline what companies and industries can expect to see changing or developing in the upcoming year.
The document is a report by Boston Consulting Group (BCG) and the Indian Institute of Management Ahmedabad (IIMA) on AI adoption in India. It finds that while some Indian companies, particularly in banking, have high AI maturity comparable to global leaders, overall two-thirds of Indian companies surveyed are AI laggards. It notes that AI adoption can significantly boost the Indian economy and companies' profits, but success requires achieving advanced AI maturity across technology, data, processes, people and business transformation. The report provides recommendations to help companies at different maturity levels improve their adoption of AI.
State of analytics in domestic firms in India 2017 - by AIM & Cartesian Consu...Analytics India Magazine
Analytics industry in gaining importance in India and is being deployed across various sectors such as banking, finance, e-commerce, retail, and telecom. Tapping on to the growing analytics industry, the study gives us a quick insight into how the analytics scenario is evolving in the domestic market.
This year’s study has been co-presented by Cartesian Consulting, a global analytics services firm specialising in customer, marketing, and business analytics. We looked at 20 large Indian firms across industries that have adopted analytics to improve business.
This document summarizes a research paper that examines human resource challenges in retaining talent in the business process outsourcing (BPO) sector in Delhi, India. It provides an overview of the large and growing BPO industry in India, noting high attrition rates remain a challenge. The researcher conducted interviews with HR employees and BPO employees to understand retention challenges and practices used. The study aims to identify the most effective practices for retaining talent and determine if financial compensation or career opportunities are more important for employee retention in the BPO sector. The limitations include potential bias in interviews and information that may not be entirely accurate.
This document discusses the role of artificial intelligence in business risk management and cost modeling. It begins by outlining the growth of AI and its applications in various domains including the financial sector. It then discusses how AI aids in risk management and cost modeling by helping to understand and measure the variables involved. The document also describes three methods for cost estimation and modeling using AI techniques: analog, analytical, and parametric. It argues that AI can provide strategies and applications to enhance financial risk management and cost modeling.
Generative AI’s potential to accelerate India’s digital transformationEYIndia1
I
ndia, today, is in a powerful position to set
the agenda and realize significant benefits
as the world starts to leverage an explosion
of AI capabilities. While 2023 was a year of rapid
innovation, in the next decade, Generative AI (Gen
AI) will break out from labs and Proofs of Concept
(POCs) and into the open terrain of consumer and
enterprise applications. Millions of Indian citizens
stand to benefit from next-generation scaled AI
applications across industries with the biggest impact
on healthcare, drug discovery, financial services,
education and entertainment.
The document discusses the potential of generative AI (Gen AI) to accelerate India's digital transformation. It outlines that Gen AI could provide a substantial boost to India's GDP over the next 7 years, increasing it by $1.2-$1.5 trillion. While Gen AI is expected to have a positive impact across all sectors of the Indian economy, the level of influence will depend on factors like feasibility of adoption and each sector's contribution to economic activity. The report addresses key questions around Gen AI for enterprises and policymakers, outlining an agenda for enterprises to guide adoption and exploring use cases and economic opportunities for India. It also discusses the need for policies around skills development, infrastructure, and regulation to maximize the benefits of Gen
How ‘Big Data’ Can Create Significant Impact on Enterprises? Part I: Findings...IJERA Editor
Big data is the latest buzz word in the BI domain, and is increasingly gaining traction amongst enterprises. The prospect of gaining highly targeted business and market insight from unmanageable and unstructured data sets is creating huge adoption potential for such solutions. The scope of big data moves beyond conventional enterprise databases to more open environments, covering new sources of information typically relating to various social networking sites, wikis and blogs. Moreover, advancements in communications and M2M technologies are also contributing to the massive availability of big data
With enterprises putting digital at the core of their transformation, our annual Data Science & AI Trends Report explores the key strategic shifts enterprises will make to stay intelligent and agile going into 2019. The year was marked by a series of technological advances, including advances in AI, deep learning, machine learning, hybrid cloud architecture, edge computing (with data moving away to edge data centres), robotic process automation, a spurt of virtual assistants, advancements in autonomous tech and IoT.
The global workforce analytics market generated revenue of US$ 606.5 million in 2020 and is expected to reach US$ 1,160.3 million by 2025 with a CAGR of 13.9% in the forecast period. The workforce analytics market report offers a comprehensive market analysis of the different segments and regions that lets readers make crucial business-related decisions with a wealth of information enclosed in this report.The research report offers both qualitative and quantitative information on the global workforce analytics market. In qualitative terms, the workforce analytics market report provides insights into numerous factors, such as market determinants, value chain analysis, emerging trends, growth opportunity analysis, porters five-force model analysis and macro-economic factors, segment analysis, regional analysis at a granular level. Similarly, in quantitative terms, the report provides historical and forecast market numbers of workforce analytics in various segments such as by component, deployment model, enterprise size and industry at global, regional, and country-level.In addition, the report provides a detailed analysis of the market vendors and their product offerings. The report also covers details of the competitive market environment and includes information on the capabilities and competencies of market vendors.
AI Readiness: Five Areas Business Must Prepare for Success in Artificial Inte...Kaleido Insights
This research report from technology research firm, Kaleido Insights introduces a framework for organizational preparedness—not only of data and infrastructure, but of people, ethical, strategic and practical considerations needed to deploy effective and sustainable machine and deep learning programs. This research is the first to market to articulate the need for readiness beyond data and data science talent. Based on extensive research and interviews of more than 25 businesses involved in AI deployments, the report identifies and examines five fundamental areas businesses must prepare for sustainable AI. Download the full report: https://www.kaleidoinsights.com/order-reports/artificial-intelligence-ai-readiness/
service management project on consultancy industry Sunny Gandhi
The Indian consultancy and IT industries have experienced rapid growth in recent years. Consultancy services such as IT, management, and human resources make up large portions of the Indian economy. The IT industry in particular has contributed significantly to India's economic development by transforming the country into a global leader in technology. Major cities like Delhi, Mumbai, Chennai, and Kolkata have large concentrations of consultancy firms. Looking ahead, the industries are expected to continue expanding their services and revenues, playing an important role in India's economy and development.
Impact of Data Analytics in Changing the Future of Business and Challenges Fa...IJSRP Journal
Data Analytics refers to a comprehensive approach that makes use of both Qualitative and Quantitative Information in order to draw valuable insights and arriving at conclusions based on the extensive usage of statistical tools accompanied by explanatory and predictive models running over the data. It tries to understand the behavior and dynamics of businesses thereby leading to improved productivity and enhancing business gains by helping with appropriate decision making. Considering the intensified disruption caused by recent revolution in the field of Data Analytics, this articles aims to cover the potential impacts that Data Analytics could have over the already existing businesses and how new entrants, especially across the emerging economies, could make the best use of Data Analytics in gaining an edge over their competitors. It also aims to deep dive into the challenges faced by businesses while adopting or moving to Data Analytics and how they can overcome those challenging barriers for a successful future. .
Investing in AI: Moving Along the Digital Maturity CurveCognizant
Digitally mature businesses are more likely to consider themselves at an advanced stage of AI adoption, according to our recent study, enabling them to turn data into insights at the scale and precision required today.
This document provides an analysis of the IT services and products industry in India. It includes a PESTEL analysis identifying key political, economic, social, technological, legal and environmental factors impacting the industry. Porter's five forces and value chain analyses are conducted. The strategies and SWOT analyses of industry leaders TCS and Infosys are also examined, along with how their strategies may need to change given future industry trends. The future of the Indian IT services industry is seen as very promising with continued growth expected.
Top 30 Indian B2B Software Product Companies Valued at $6.2 Billion and Growi...ProductNation/iSPIRT
We believe the discussion about India’s technology industry – whether in government circles, the media or in Silicon Valley – overlooks India’s B2B software product companies which sell globally as well as into India. Instead, there is a lot of discussion about IT Services companies and E-commerce players.
When there is discussion about B2B software products, it lacks insights into product types, target markets, scaling strategies, perception of Indian vendors in India and abroad as well as the vibrant start-up ecosystem that has emerged around B2B software companies from India. These insights are important because a strong Indian B2B software product industry has the potential to drive tens of thousands of high-value jobs, enable Indian manufacturing and services companies to be globally competitive, drive large amounts of export-driven foreign exchange earnings for India as well as create billions of dollars of value for founders and investors.
We would like to shine a spotlight on these Indian B2B software products companies through the India Software Products Industry Index – B2B (iSPIxB2B), which we are launching today. The index tracks the thirty most valuable B2B software product companies headquartered in India and companies headquartered elsewhere in the world where cofounders are in India right from the creation of the company onwards.
“Prospects of Bangladesh as a Leading Outsourcing Destination in IT Sector”ijmvsc
This document summarizes a research paper on Bangladesh's prospects as a leading outsourcing destination for IT. It discusses Bangladesh's growing IT industry since 1964 and increasing competitiveness in low-cost outsourcing. The research aims to evaluate key variables that influence Bangladesh's potential in the IT outsourcing industry. It reviews literature on global outsourcing trends and dominant countries. It also examines Bangladesh's human resources, infrastructure, education system, and other factors that support the outsourcing industry. Survey data is analyzed on 9 topics related to Bangladesh's prospects, finding that it scores well in areas like costs, skills, and workforce that outsourcers consider when choosing locations.
“Prospects of Bangladesh as a Leading Outsourcing Destination in IT Sector”
Business Analytics In India
1. Business Intelligence and Analytics in India 1
Business Intelligence and Analytics in India
Growth, Trends and Challenges
Susan Philipose and Tushar Kumar
2. Business Intelligence and Analytics in India 2
Abstract
Increasing amount of data and emerging technologies have triggered the growth of the
worldwide analytics Industry. This growth can also be seen in India with old players starting a
new domain called business analytics and many new showing up. It has now become a known
fact that analytics can boost the Indian economy, thus making it essential to identify the
challenges faced, ongoing trends and growth drivers of the industry.
Biography
Tushar Kumar - Student DCE India, Tusharkumar101@gmail.com
Susan Philipose - Manager CSITM, IIM Bangalore, Susanp@iimb.ernet.in
3. Business Intelligence and Analytics in India 3
Business Intelligence and Analytics
Business Analytics refer to the use of advanced tools and statistical techniques on the historical
as well as real time data, which may be structured or unstructured, to investigate past
performances and develop new business models to facilitate the growth and management of the
organization. While traditional BI was only about dashboards, standard reports and Ad hoc,
business analytics involves optimization, predictive modeling, forecasting and much more. It
finds applications in all industries and functions including financial/insurance services, Retail
and consumer products, healthcare, telecom, governance and technology to provide analytics
services such as text, web, network, mobile, and social media. Here, they will be studied together
as BI&A (business intelligence and analytics).
BI&A has evolved from BI&A 1.0 to BI&A 3.0. While 1.0 is based on DBMS based structured
content, 2.0 is about web based unstructured content. The former used mainly for RDBMS, data
warehousing, OLAP, data mining and statistical analysis and the latter for social media and
network, web analytics and intelligence, opinion mining and information retrieval and extraction.
BI&A 3.0 deals with mobile and sensor based content location aware, person centered or context
relevant analysis (Chen, Chiang & Storey, 2012).
With revenue of $13.1 billion in 2012, BI&A is evolving as the fourth-largest software segment
accounting for a 6.8 percent increase from 2011 revenue of $12.8 billion. Despite tough macro-
conditions and world-wide currency crisis, the market is expected to reach $17.1 billion by
2016(Gartner, 2013). As more and more data is generated, organizations are realizing the need to
spend in analytics to improve their decision making thus acting as a driver for the growth of
industry.
BI&A in India - current scenario
Geographically speaking, Asia/Pacific accounted for about 8 percent of the total global revenue
of the BI industry in 2010 with America being the world leader securing 52 percent (North
America - 48 and Latin America- 4) followed by Europe which had 36 percent of the market
share. Asia/pacific is emerging fast registering a growth of 23 percent from 2009 to 2010 in
comparison to Americas which grew by 17 percent (Sommer&Sood, 2011).
India a major player in this region hasmany companies operating in the analytics industry.
Bangalore, the IT hub of India has 29 percent of the companies followed by Delhi, Hyderabad
and Mumbai (Analytics India Magazine, 2012).These companies provide analytics services in
various areas such as IT/ITES, consulting, market research, media and advertising, financial and
human resource.
4. Business Intelligence and Analytics in India 4
Indian analytics companies including Musigma, Inductis and Fractal are performing well with
Musigma in the lead providing analytics services to at least 75 companies in fortune 500(Gage,
2011).Indian IT companies have also realized the opportunities in the analytics industry and
started investing in technology and workforce.
The current Indian Business intelligence software industry generates revenues of $122 million
spread across the 3 major sub segments – BI Platforms, Analytic applications and Performance
management, and CPM Suites. American research and analytics company Gartner predicts that
Indian Business intelligence software revenue will reach to $140 million in 2014, a 16 percent
increase from 2013 revenues (Gartner, 2013).The fact that this industry will be a major
contributor to the Indian economy makes it a necessity to keep a track on the growth of the
industry and provide solutions to boost it.
Challenges
Big data is influencing organizations at all level which are struggling to analyze and transform
the data into some usable form. Though it is a major challenge to these organizations, it is
helping the growth of analytics industry which is providing with customized solutions and
services in return. But for the sustenance of the industry, it is important to identify the challenges
that it face.
Data collection and availability
With the advent of internet data collection and transmission became much easier but the
questions arise on the credibility, relevancy and sufficiency of data. According to a survey by
analytics company domo, only 25 percent of the CEOs agree that they have the information they
need in their reports and less than 15 percent of business leaders find their reports reliably up to
date. Many analysts also say that there decision making capabilities are strongly affected due to
unavailability of reliable, timely and relevant information (Eddy, 2013). This coupled with the
inadequate infrastructure makes the work of Indian analysts a tough job.
Lack of people
Gartner report says that 4.4 million IT jobs will be created globally to support the big data but
the same report also mentions that only one third will be filled(Gartner, 2012). The industry will
suffer a major set-back due to the availability of the data scientists in the coming time. The same
issue is also reflected from another report from McKinsey & Company which predicts that there
will be shortage of about 140,000 to 190,000 people by 2018 creating a 50 to 60 percent gap
between the supply and demand of people with deep analytical talent(McKinsey, n.d.). The low
mean employee count of 76 of the Indian analytics companies clearly indicates the urgency of
the problem (Analytics India Magazine, 2012). If the industry has to grow this issue needs to be
addressed.
5. Business Intelligence and Analytics in India 5
Domain Specific Education
Indian education system is reforming with more advanced and professional courses showing up
which were nowhere in the picture few years back. But this is not in concordance with data
science. While about 15 schools in US offer Masters in Analytics and another 20 in business
analytics (some of which have recently started), no such extensive course is available in India
(Institute for Advanced Analytics).Some notable b-schools like ISB and IIMs are offering
certificate courses but with low intake (Gupta, 2012). Post Graduate courses for data analysis are
also emerging in a lot of European universities which set an example for the Indian Institutes.
Lack of solution verticals
Analytics industry has made its mark on every segment of the industry be it retail, finance, risk,
marketing, supply chain or pricing. New segments such as fraud, discount, talent and behavioral
analytics are also emerging. Indian analytics in its evolving stage relies mainly on retail, BFSI
and utility.Healthcare and governance due to lack of skilled force are already lagging. Another
challenge is to provide services like model development, consulting and proprietary IP based
services .Cloud based services as well as text analytics alsorequire some time to evolve (Vohra,
2013).
Highly-Fragmented Market
The Indian analytics industry is highly fragmented having large number of small vendors with
most operating on revenues less than USD 10 million. The low scale investment is preventing
them from expanding their portfolios and increasing their workforces. This is also restricting
them from high-budget clients due to lack of technology, expertise and most importantly name in
the market
Other Challenges
There are other issues as well which need consideration like SME’s still relying on traditional
methods of decision making due to lack of awareness and confidence in the industry.
Communication gap between tool – developers and end users needs to be eradicated so that
developers have a better idea of the behavior and understanding of the tool user. Migration to
others countries due to better pay is also a problem to be looked into.
Trends
The Indian IT-BPO sector touched new heights when it crossed aggregate revenues of USD 100
billion in fiscal year 2012, generating direct employment for over 2.8 million people
(NASSCOM, 2013). The effects could also be seen in the analytics industry. Some of the key
trends of the analytics industry are
Industries
Thoughthe Indian Business analytics is new in the market, it has spread its roots across several
industries like retail, banking, insurance, telecom etc. It is finding applications in areas including
6. Business Intelligence and Analytics in India 6
sales analytics, marketing analytics, risk analytics, supply chain analytics, equity and finance
analyticsetc.
Mobile BI
Due to widespread availability of smart phones and tablets, the number of analyst accessing BI
reports and dashboards through mobile devices or tablets is increasing. Due to high competition,
Indian organizations are trying to invent new ways to provide their workforce mobility and
access to data anywhere and anytime thus promoting mobile BI. Tools like Cyfe, IBM’s Cognos,
Jaspersoft and Microstrategy are readily available for mobile platforms (Silicon India). A recent
study published by Dresner Advisory Services also indicates that users have aggressive plans for
adopting mobile BI through 2015 (Dresner Advisory Services). Though setbacks like security
and implementation will be there but Mobile BI is expected to perform well and will be adopted
by more enterprises in coming years.
Cloud BI
Cloud Business Intelligence includes applications whose data are hosted on virtual networks
such as internet and can be accessed in form of dashboards, KPIs and other tools. It has both
financial benefits like cost reduction as well as non-financial like improved management,
reduced redundancy, shorter access time (Menon and Rehani, n.d.). A number of smaller
companies in India which could not previously afford to build huge server farms to process mass
amounts of data are turning to providers like Amazon and Google to support large-scale analysis
efforts which offers them unlimited processing power and storage thus allowing any business to
cater to its increasing information stack while keeping the IT related costs under control (Gurjar
and Rathore). Cloud computing also has similar issues of security, speed of data access and
integration which are overpowered by increased flexibility, reduced cost and increased storage
capacity, thus making it superior over on premise servers.
Predictive Analytics
Predictive analytics though a part of BI family is emerging as a distinct new software sector. A
number of organizations have already implemented or are in the process. As ChanduMukkavalli,
director at deloitte consultancy frame it “ The key is to not debate whether predictive analytics is
right for your organization, but how to implement it, and how to define the evolution process for
the organization embracing the change.”(Mukkavalli, n.d.) Industries are successfully integrating
various predictive models with business models with high ROI. It is gaining importance in many
Indian organizations which are exploring the possibility of improving their decision making.
Data Visualization
Data visualization makes the process of decision making easier by presenting statistics and
figures in form of consolidated, illustrated and interactive graphics. Many new companies
including Gramener, Visual-Data, Edifixio have emerged in last 2-3 years in the Indian Data
Visualization market. These are offering visualization platforms, custom tools and services. In
7. Business Intelligence and Analytics in India 7
the coming years the segment is expected to evolve with more companies emerging and more
services offered.
Social Media Analytics
A comScore report shows that an average Indian spent 25 percent of his/her online time on social
networking sites such as Facebook, Twitter, Google+, LinkedIn (Comscore). This fact has not
gone unnoticed by Analytics Industry. In fact, Social media is one of the most widely adopted
segments of the industry. It is not only useful in maintaining relationship with customers but also
to develop understandings of market trends, customer preferences, recommendation systems,
lead generation, Identifying Influential factors, product marketing and much more. As the
number of social media users is increasing daily, the demand for social media analytics is also
increasing.
Growth Drivers and Opportunities
The Indian Business analytics market is growing at a phenomenal rate over the last few years
registering a growth rate of 25 percent annually and it is expected to increase in future. This
raises the question that what are the factors that are helping the industry to grow. Some of them
are discussed here.
As already discussed the Indian IT industry has touched new soaring heights and this has a
prolific impact on the analytics industry. The Big Indian IT market has set up a platform for the
analytics business. The reputation of being the IT outsourcing capital of the world is also
working in favor in getting off-shore analytics business. Online/E-Commerce websites are
emerging at a tremendous rate and they are turning their attention to social media and web
analytics. Companies like Flipkart and Yebhi are already using recommendation systems
according to the customer profile. As Indian IT industry will grow, it will take analytics along
with it.
Second factor supporting the growth of Indian Analytics Industry is the availability of advanced
tools. Modern user friendly and interactive tools have made the task of data analysts much easier
by providing them with better visual interfaces, figures, dashboards, dials and gauges,
geographic maps, time-series charts, spark lines, heat maps, tree maps and
detailed bar, pie and fever charts(Rouse, 2012). Relationships which earlier went unnoticed are
now easier to derive.
Thirdly, data storage cost in the recent times have gone drastically down making it possible for
the businesses to store and collect more data. In the duration of 10 years from 2000 to 2010, the
cost per GB has gone from USD $20 to USD $0.07 i.e. almost reduced by 300 times (Mkomo,
n.d.). An IBM report claims 2.5 quintillion bytes of data is created every day and 90 percent of
the data in the world today has been created in the last two years alone (IBM). This is again
promoting the BI&A industry as organizations are relying on them to provide with solutions as
well as services to manage this “BIG DATA”.
8. Business Intelligence and Analytics in India 8
Next is the increasing awareness of the advantages of the Business Analytics among the top
professionals of the industry. They have now started to use BI&A as business platform and now
started to take decision on factual basis which earlier were based out of experience. A survey
from Gartner even shows that improved decision making is one of the top success drivers of the
BI industry (Gartner, 2011).
Another factor aiding the growth is Software-as-a-Service (SaaS). As per PWC’s Global 100
software leaders report, SaaS accounted for about 4.9 percent of the total software revenues in
2011 and a steady and significant shift towards SaaS is expected in coming years (Information
Week). Organizations now find it easier to outsource their analytics work and take decisions
based on the final reports from SaaS providers.
There are other factors as well like mass acceptance of social networking, support for extreme
data performance including in-memory technology, social content analytics and emergence of
mid-size markets.
Discussion and Conclusion
In this study, we examined the current scenario, challenges, trends and growth drivers of the
Indian BI&A industry. The Indian Business Analytics industry is growing at a tremendous rate
and will become a major economic contributor of the Indian GDP and will also generate large
scale employment. More organizations will realize the benefits and will show their interest in
analytics.
Data collection and availability will be a major challenge due to poor infrastructure of the
country. Quality and reliability of data will also be a matter of concern. Job generation will be
there but only one-third of these will be filled due to non-availability of trained data scientists.
Lack of solution verticals, market fragmentation and absence of specialized courses will also be
challenging for the industry.
With time cloud BI, social media analytics, mobile BI will expand and segments like healthcare,
BFSI will draw more attention. The booming IT industry will act as the key reason for the
growth of analytics industry. Advanced user-friendly tools will make analysts work simpler.
While the amount of data will increase due to decrease in storage costs, it will also make
business for the analytics firms.
If the challenges encountered are properly tackled and the same growth rate continues, the future
outlook of the Indian Business Intelligence and Analytics industry is highly positive.
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