Data is a fabric of knowledge consulting. Eminenture has come across this fact after observing the predictive analysis of the IDC’s Worldwide Semiannual Big Data and Analytics Spending Guide.
It explicitly spotlighted the facts in the IDC’s forecasts regarding worldwide revenue for Big Data and Business Analytics (BDA) solutions. This report came out with some astounding facts, although they were expected. Diverse industries, including banking, discrete manufacturing, process manufacturing, and professional services, and federal/central government will make nearly $81 billion of the global BDA revenue in 2018. And, the fastest revenue growth contributors will be from the banking, retail and professional services. This is what the assumptions state. However, the overall revenue will touch the milestone of $260 billion till 2022.
If its compound annual growth rate (CARG) is considered, it points at an exponential spike of 11.7% over the period of 2017-2022. The banking, the retail and the professional services will deliver 13.2% CAGR, 13.5% CAGR and 12.9% CAGR. These facts press Eminenture to think of including data mining into its knowledge consulting domain. Definitely, the mining of data is all about tracking the underlying data patterns. This is what diverse industries require for scaling up consistently because it reveals consumer behavior, shopping patterns, productivity loops and sales prospects etc..
Although Eminenture has been ruling the data solution world, yet it has a vision 20-20. This vision is a long term business growth planning. Therefore, the data solutions outsourcing firm came with this revolutionary step. Its administration and directors iterate it the most sought-after milestone to pass across.
The CEO of this organization stated, “The corporate life is not a bed of roses. You have to walk over the prickly challenges if you’ve a hunger for the growth. Integrating data mining is not an easy decision. Yet, we’ll make sure that we could come out as an ultimate winner. What we indeed want is to play the inning of a winner. The success can’t come by your side until and unless you step out of your comfort zone. By unifying data mining, we have made a concrete decision. We may fall in the nascent stage. But, we will fight back soon. ”
