Newsroom > 2023 SPARK Matrix™ for Data Management and Analytics Services by Quadrant Knowledge Solutions
21.09.2023
Press Release
18th September 2023: Quadrant Knowledge Solutions announced today that it has published a SPARK Matrix analysis of the global Data Management and Analytics Services market.
The Quadrant Knowledge Solutions SPARK Matrix™: Data Management and Analytics Services includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading data quality tools vendors through its SPARK MatrixTM. The study provides users with strategic information to evaluate vendor capabilities, competitive differentiators, and market positions.
According to Ashray Gadekar, an Analyst at Quadrant Knowledge Solutions, “The rise in the data-driven processes and increase in data generation in multiple formats highlights the importance for organizations to implement and utilize the suitable data management and analytics services to gain deeper insights from their data, manage data, and improve the accuracy of the decision-making processes. Organizations can perform functions such as data governance, data and analytics services, business intelligence, metadata management, and others to address data-driven processes concerns.” Ashray adds, “As decision-making becomes more intertwined, contextual, and ongoing, there is a growing need to revamp the way for organizations to make decisions. This transformation can be achieved through the utilization of adaptive AI systems, which have the capability to provide quicker and more adaptable decisions by swiftly adjusting to alterations. However, to construct and oversee these adaptive AI systems, it is essential to embrace AI engineering methodologies.”
According to Sofia, Senior Analyst at Quadrant Knowledge Solutions, “In today’s era, given the rapid developments in technology and the increasing expectations of markets and users, vendors must adapt their data management and analytics services to keep up with the fast-changing landscape.”
Additionally, vendors can leverage data management services or employ more advanced analytics toolkits to perform an extended range of tasks, such as complex calculations, comparisons, advanced mathematical operations, and predictive analytics. Emerging analytics service providers possess the capability to connect various types of data repositories, spanning from conventional databases to data warehouses and data lakes, enabling the integration of Big Data with business application data, ultimately enhancing the accuracy of forecasting, analysis, and strategic planning.
The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. The SPARK Matrix includes an analysis of vendors, including Accenture, Altis, Atos, BearingPoint, Birlasoft, Calsoft, Capgemini, Coforge, Cognizant, Datamatics, Deloitte, DXC Technology, EY, HCL Technologies, IBM, Infosys, KPMG, LTIMindtree, Mphasis, NTT Data, PwC, Stefanini, TCS, Tech Mahindra, Trianz, UST, Virtusa, Wipro, and Zensar.
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients as strategic knowledge partners achieve business transformation goals with Strategic Business and Growth Advisory Services. Quadrant’s research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, visit: https://quadrant-solutions.com/market-research/
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