London, 16 January 2015 – TechNavio, a tech-focused research, has firm published a new report on the Analytics Market in India, which is expected to grow at a CAGR of 22.80 percent from 2014-2019.
According to the new report, the need to improve efficiency and reduce overall operational costs has become crucial for many organizations in India. Analytics software collects and manages data to optimize the operational performance of an enterprise and helps companies improve the customer experience.
“Business analytics software empowers centralized management of enterprise data to improve the decision-making process, thereby improving the performance and operational efficiency of an enterprise,” says Faisal Ghaus, Vice President of TechNavio.
The new report emphasizes the open-source solutions that are becoming increasingly important for predictive analytics. These solutions are often used in the education sector by academics and students, as these are available free of charge, and enable students to familiarize themselves with the solutions before they enter the workforce.
“Vendors of analytics software have started incorporating open-source languages into their solutions. The use of open-source solutions will be a key trend to watch in the Analytics Market in India, as they become increasingly important for predictive analytics,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Big Data and Analytics Market in Telecom Industry 2014-2018
- Global Data Analytics Outsourcing Market 2014-2018
https://www.technavio.com/%3Cp%3E%3Cstrong%3EAbout%20TechNavio%3C/strong%…
