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The market for business intelligence is mature and crowded with excellent products for a variety of use cases, verticals, deployment methods and budgets. While business intelligence companies are busy offering dashboard and reporting capabilities that have remained staples to the market since the widespread adoption of data analytics began, business intelligence start-ups are relying on new technologies like SQL databases, cloud platforms and machine learning to help enterprises make more self-aware, evidence-based decisions. Business intelligence tools serve many purposes including reporting, online analytical processing, analytics, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics and prescriptive analytics. The business intelligence sector has over six thousand start-ups that provide these unique solutions. BI industry is one of the active sectors for investors with overall funding of nearly US$29 billion in 2.2K+ companies. Analytics Insight has listed the top 10 business intelligence start-ups that enterprises should look out for in 2021.
Uptake is an industrial AI company with a unique collection of proven data science models, deep industry expertise and a comprehensive library of industrial asset data. The start-up develops a predictive analytics platform that analyzes data to predict and prevent failures, uncover hidden profits and discover new opportunities for healthcare, insurance, locomotives, construction, manufacturing and other industries. In February 2021, Uptake has announced the acquisition of Edmonton-based ShookIOT, a leader in cloud-native data integration and integrity, strengthening its capabilities to accelerate digital transformation in asset-intensive industries.
Aidentified is an AI-based relationship and sales intelligence start-up that reveals the best paths for sales teams accounts execs and brands to connect to hyper-targeted, qualified prospects using predictive analytics and next level AI-based relationship intelligence mapping. The start-up was founded by twin brothers Darr and Tom Aley after a number of successful data related ventures and work at Amazon, D&B, and Dow Jones. Aidentified announced that it has raised a total of US$10 million in a Series A financing in February 2021.
Usermind was founded to solve the challenges of siloed enterprise systems, fragmented customer data and disjointed customer experience. The company empowers enterprises to actively shape customer experience with the first real-time Experience Orchestration (XO) platform. As a provider of the only unified customer engagement hub, Usermind directly connects disparate systems and data sources into a customer data platform, coupled with a powerful customer journey orchestration engine, a machine learning environment, and closed-loop analytics. In January 2021, the Seattle-based start-up announced a US$14 million round led by WestRiver Group.
Exabeam is a leading provider of user and entity behaviour analytics, based on security data science and innovative Stateful User Tracking Technology. The start-up unlocks the potential of existing security information and event management and log management data repositories, enabling IT security teams to more quickly detect and respond to cyberattacks and insider threats in real-time. Exabeam helps security teams outsmart the odds by adding intelligence to existing security tools like SIEMs, XDRs, cloud data lakes and hundreds of other Exabeam Technology Alliance Partner products.
Soda Data is a data monitoring platform that keeps customers data for analytics purpose. The start-up uncovers data issues, alerts the right teams and triggers resolution workflows to identify causes that impede data quality. Soda also provides a machine learning-driven data quality monitoring solution that allows all business users to easily add results and tests to the data they use and get alerts when issues arise. Recently, the company grew its market presence with the release of open-source SQL management tools.
Mapbox is an open-source mapping platform that provides building blocks for developers to integrate location into any mobile or online applications. The start-up changes how we build cities, deliver commerce, navigate the world, and understand out planer. Mapbox believes that location is a core component of the apps we use every day, including for business purposes. Henceforth, the company works on updating roads, traffic, places around the world.
Innovaccer is a San Francisco, CA-based healthcare data activation company committed to making a powerful and enduring difference in the way care is delivered. Innovaccer's proprietary integration and analysis engine activate the data any industry has worked so hard to collect. The company cleans, aggregates and delivers insights when physicians need it the most. In 2020, Innovaccer landed its artificial intelligence (AI)-enabled patient relationship management solution to streamline communication between patients and their care teams.
MindMiners is a technology company that specializes in digital research and delivery making intelligence to its customers. The company relies on MeSeems, a social network for sharing opinions and experiences. MindMiners is a provider of an automated digital survey platform intended to enable users to conduct surveys and questionnaires. The company's platform provides predesigned survey templates for customer satisfaction surveys, consumer behaviour research, human resources research and education course evaluations.
Splunk is a software platform widely used for monitoring, searching, analyzing and visualizing the machine-generated data in real-time. It is designed to remove the barriers between data and action so that everyone thrives in the Data Age. The software empowers IT, DevOps and security teams to transform their organizations with data from any source and on any timescale.
Seeq is an advanced analytics platform for process manufacturing data that enables organizations to rapidly investigate and share insights from data in historians, IIoT platforms, and database web services, as well as contextual data in manufacturing and business systems. The start-up's extensively supported for time series data and its inherent challenges enable organizations to derive more value from data already collected by accelerating analytics, publishing and decision making.
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