The last few years have been eventful for data science due to the pandemic fallout and shaking business landscape. Today, we’ll have a look at the top data science companies in the USA that have been shaping the world of data science for businesses.
But first, let’s take a dive into the state of Big data and analytics in 2023.
Basics of data science
Data science is the domain of study that combines the powers of statistical analysis and machine learning to surface insights and generate recommendations. Data scientists use a wide toolset to find patterns and make predictions from the data they’ve collected.
For example, a data scientist may analyze customer purchase history to identify which products customers are likely to buy next. They may also develop computer programs that can automatically identify unusual events or trends in real-time streams coming into a business such as Twitter feeds or real-time transactions.
In addition to analyzing input, many companies rely on their own teams of data scientists to develop new products and services based on what they’ve learned through their analysis.
The state of data science in 2023
The data science industry has grown in leaps and bounds over the past decade. First and foremost, the field is impacted by the growing amounts of Big data. According to Statista, the amount of information is predicted to equate to 181 zettabytes by 2025. By the same year, the annual revenue from the analytics market is projected to hit over $68 billion.
The aftermaths of the COVID-19 pandemic have also made companies accelerate their decision-making. Virtually every vertical – from healthcare to banking – needed real-time analysis to adapt to the changing landscape. To keep up with the shift, enterprises have doubled their hiring activities. In 2021, 29% of companies had 100+ data scientists in their teams.
Is data science in demand in the USA?
The short answer is yes. However, 2023 hasn’t hit its peak demand yet. According to the U.S. Bureau of Labor Statistics, the national estimates for data scientists are around 105,980. California, Texas, and New York are among the top hiring states for this job position. The District of Columbia, Colorado, and New York are the top three locations with the highest concentration of jobs and location quotients for data scientists.
If we look at the average salary for this job position, we’ll see that the United States is among the top-paid locations for data scientists. The average U.S. median currently stands at $122,338 per year, although salary averages may fluctuate. The compensation can vary based on factors like location, seniority level, skills, domain, and a specific company.
Which company hires the most data scientists?
The talent pool of analytics is quite diverse, yet, the majority of companies experience talent gaps. The latter can be attributed to the global labor shortages in the tech field. Moreover, some enterprises are on a harder hiring spree than others. Thus, Deloitte is leading by the number of open analyst positions. The official website lists over 80K openings. PwC and Amazon are also among the leading innovators.
Benefits of data science for businesses
It’s no secret that data science has become a key component of business strategy. The field is growing rapidly, and it’s expected to continue to do so in the future.
Businesses are increasingly turning to data science to make better decisions, gain a competitive advantage, and grow businesses. Thus, 56% of companies report AI adoption in at least one function. And since AI and data science go hand in hand, we can assume that the analytics field has got a boost as well.
Here are a few benefits of data science for businesses.
According to Deloitte, 49 percent of companies say that better decision-making is the main impetus for the adoption. Another 16% report that data excellence enables key strategic initiatives and leads to better business strategy.
A better understanding of customers
The technology provides businesses with a deep understanding of their customer personas, demographics, and preferences. Based on customer insights, companies can create more compelling products and services that deliver real value to consumers. It’s impossible for businesses to predict what people will want next year or even tomorrow without knowing what they’re looking for right now. Data science enables companies to anticipate trends before they happen.
Data scientists can help businesses save money by identifying opportunities to reduce spending on things like advertising or customer acquisition. Thus, companies can better identify the best channel for marketing that will generate more sales or conversions. Overall, unified data platforms give a 360-degree view of all business operations so that inefficiencies can be eliminated faster.
Data science in marketing can be used for consumer profiling, customer segmentation, budget optimisation, and real-time analytics. Lead scoring, predictive analytics for customer behavior, targeting and recommendation engines stand at the core of successful marketing strategies.
Global businesses and financial institutions in particular leverage analytics to prevent or minimize fraud. Thanks to machine learning and predictive analytics, enterprise systems can compare ongoing transactions with historical trends to identify anomalies in transactions. Pharmaceutical fraud, false taxing, and suspicious retail operations can all be tracked and monitored in real time.
Last but not least, data excellence transforms into better business management. Personalized products, automated analysis, and accurate customer image all help companies top the ladder in the niche.
Top data science companies in the USA
As we’ve mentioned earlier, the United States has a vibrant talent pool when it comes to data scientists. Below, we’ve provided a short breakdown of the best data science companies in the USA that assist businesses in taming datasets.
Headquarters: Armonk, New York
Foundation date: 1911
IBM is one of the technology veterans that continues to pioneer new technologies. Founded in 1911, the company operates in over 171 countries, offering thousands of employment opportunities for tech engineers. This titan has been one of the world’s most productive patent sources and is a US leader in patents.
SQL programming language, which is one of the core technologies for data science, is also a product of IBM. The company also provides a full suite of commercial data science tools and solutions that help businesses accelerate AI-driven innovation.
Headquarters: Nicosia, Cyprus
Foundation date: 2014
InData Labs is an 80+ people data science agency with proficiency in artificial intelligence. As one of the established data science companies, InData Labs provides a whole range of analytics services that help businesses stay on top of their operations. This data science company complements its expertise with machine learning, artificial intelligence, and deep learning to get actionable insights and efficiently analyze any body of knowledge.
InData Labs has also been recognized as a top provider by Clutch, The Manifest, and other industry ratings. The company continually hones up its expertise and enriches the tech stack to improve its offerings. Its team cooperates with R&D departments of the world’s leading companies to master the latest data analytics and natural language processing techniques.
Headquarters: Austin, Texas
Foundation date: 1977
Another tech giant, Oracle, is high on the company list for data science in the United States. Oracle is a leading provider of enterprise software products, including databases and business applications software. Its products are used by more than 20,486 companies, including Fortune 500 companies.
Oracle Corporation operates worldwide and offers its services in 62 countries. Its signature product, Oracle Database, is among absolute leaders in enterprise grid computing. Moreover, Oracle’s team works on projects that range from advanced analytics and data integration to cloud computing, CRM, and ERM.
Foundation date: San Francisco, California
Databricks is a leading data science company headquartered in San Francisco, California. The founders of Databricks are a team behind Apache Spark and are one of the top contributors to its open-source community. Today, Databricks provides enterprise-scale cloud-based big data analytics solutions to some of the most innovative companies around the world.
Its star-studded clientele includes Airbnb, Alibaba Group, Baidu, Cisco Systems, Goldman Sachs, Google Cloud Platform, Microsoft Azure, and other giants. The product offerings include Databricks Unified Analytics Platform (UAP) which helps in building applications that are scalable and available at a low cost. It also offers Apache Spark as an analytics engine used for big data workloads to handle both batches and real-time analytics.
Headquarters: London, Britain
Foundation date: 1998
As one of the seasoned data science companies, PwC delivers a stack of analytics solutions for global businesses. The company helps its customers identify use cases for advanced analytics and AI as well as provides solutions and services in geospatial data and customer analytics.
PwC’s flagship offerings include GeoDataMart, which is an advanced database covering spatial datasets to unlock precise analyses on the local level. The team is also deeply involved in customer analytics. The latter allowed PwC’s clients to achieve a 30% save rate, which translates to 40 million euros per year.
Headquarters: New York
Foundation date: 2004
Sisense is a recognized cloud analytics platform that provides its customers with the latest innovations to help them gain valuable insights from their data. Through cutting-edge technologies such as deep learning and natural language processing, the company helps businesses find hidden patterns in their data that they may have never been able to discover otherwise.
Sisense offers domain-specific solutions for various industries – from healthcare to retail. Its ready-made offerings include advanced data pipelines, assisted preparation, complex analytics, and others. Sisense operates in partnership with Amazon, Snowflake, and Google.
Headquarters: Redmont, Washington
Foundation date: 1975
No top list of software leaders is complete without Microsoft. However, while this mammoth is well known for consumer software, it has also launched great data science initiatives. Thus, Microsoft Digital leverages machine learning, data science, and Azure AI to improve experience for both employees and vendors.
By processing the information, Microsoft has a thorough idea of how users leverage their products and services. Moreover, Microsoft Azure is an industry standard among cloud computing platforms. Enterprises and SMEs use Azure to accommodate their analytics, virtual computing, storage, and networking needs.
Headquarters: Seattle, Washington
Foundation date: 1994
The retail giant has made a name for itself by being at the forefront of innovation. From cloud computing to AI and even drones, Amazon has been on the cutting edge of tech for years. The company also employs many data scientists and uses machine learning to improve its products and services.
Amazon’s digital assistant Alexa is powered by machine learning algorithms, which enables it to understand natural language and respond intelligently. Its AWS platform, is the world’s leading cloud platform, that offers over 200 services, including data processing. According to Contino’s 2020 research report, a whopping 64% of enterprises use the AWS platform.
Headquarters: Palo Alto, California
Foundation date: 2008
Cloudera is a leading provider of data management, machine learning, and analytics software. Founded in 2008, the company has gained a strong foothold on the market and has been recognized as a leader in Gartner’s Magic Quadrant for Cloud Database Management Systems. Among its other numerous awards, Cloudera was named a 2022 Customers’ Choice for Cloud DBMS.
It is among the few vendors that offer a full spectrum of ready-made capabilities needed to build, deploy, manage and secure modern big data applications. Thus, the Cloudera Data Platform is a valuable ready-to-go addition for companies that look for a hybrid management solution.
Headquarters: San Diego, California
Foundation date: 1979
Teradata is another provider that leads the way among data science companies. Teradata offers a unique combination of business intelligence, data warehousing, and advanced analytics software for enterprises. Its Vantage platform offers connected multi-cloud capabilities for analyzing business insights across manifold environments.
Teradata’s products and services can be leveraged by multiple verticals, including automotive, government, and others. Moreover, the team offers consulting services to help businesses onboard Vantage and make the most of the platform.
Location: San Francisco, California
Foundation date: 2003
A well-established vendor, Splunk is among the data science companies in the USA that drive data awareness. Its commercial platform is a feature-rich business intelligence tool that yields supreme security and full-stack observability as well as over 2,400+ apps available on Splunk base. The company caters to enterprises, including Honda, Tesco, and other high-volume businesses.
Splunk is a company that goes over geographical boundaries and operates in 21 regions. Its robust team of 7,500 employees makes sure that the data science challenges of each company and industry are taken care of.
Location: Chicago, Illinois
Foundation date: 1990
Also known as Market Track LLC, Numerator specializes in getting the best of your marketing insights. Over 1,300 clients trust Numerator to unlock their consumers’ insights, including Coca-Cola, Unilever, Walmart, and other top-grossing retailers. Numerator’s flagship product, OmniPanel, provides a single source of customer insights. The latter allows retailers to sculpt data-driven marketing campaigns and offer contextualized initiatives.
Numerator is also a company with one of the greatest knowledge bases. Be it custom projects or Instant Surveys, the company performs both quantitative and qualitative research to help businesses target the right clients at the right time.
Location: Palo Alto, California
Foundation date: 2013
Orbital Insight specializes in geospatial analytics, utilizing satellite images, mobile geolocation software, IoT data, and other advanced tools to provide clients with strategic insights. For example, brands can determine parking space availability, analyze the real estate market, or observe supply chains for areas of improvement. These services offer companies a bird’s-eye view of global changes over time, allowing them to introduce innovation where needed.
Orbital Insight’s unique offering has attracted investors, helping them raise over $125 million from AI venture capital firms and strategic partners in their respective segments. As a leader in their niche, their extensive ecosystem collects and analyzes data across various industries.
Location: Austin, Texas
Foundation date: 2018
Striveworks’ mission is to help enterprises integrate AI into their internal structures and leverage it to the fullest. Their operational data science platform called Chariot is a low-code interface dedicated to creating machine learning models. This tool empowers engineers, data scientists, and business professionals to transform information into actionable insights. It is particularly valuable for companies operating in rapidly evolving environments where informed decisions are imperative.
Striveworks also specializes in MLOps for private and national security organizations, financial institutions, logistics brands, and healthcare entities. Their extensive network of partners enables them to prepare, organize, and implement entire data-driven ecosystems.
Location: New York
Foundation date: 2018
Messari enables companies to access reliable research and data insights regarding crypto-assets. As a comprehensive library of information on the cryptoeconomy, the brand strives to bring transparency to this highly complex area. Their work supports investors, regulators, and other stakeholders in understanding market trends and making informed decisions. Their services encompass rankings, diligence, intel, and their own “screens” tool for observing selected assets or changes.
The company’s vision is to provide equal access to information, facilitating easier wealth-building. Messari’s team of experts publishes regular newsletters to keep their community informed about current changes and new regulations.
Location: Boston, Massachusetts
Foundation date: 2017
Jellyfish is a platform that drives engineering intelligence. They offer a range of solutions dedicated to better planning, investing, and executing strategies. Their objective is to help organizations build well-adjusted teams, optimize resource usage, improve R&D, and showcase progress at all project stages. The company asserts that, thanks to their services, clients can focus on essential tasks, accelerate time-to-market, and foster a high level of collaboration.
Jellyfish delivers precise and detail-oriented data insights, covering various processes and presenting statistics in easily interpretable reports filled with graphs and tables. This makes identifying problematic points and applying fixes much more manageable, enabling managers, leaders, and employees to focus on meaningful work and tackle their tasks productively.
Location: Westlake Village, California
Foundation date: 2016
PureSpectrum is a market research platform that provides brands with an end-to-end solution for collecting and analyzing market data. They cover all useful types of information, from consumer sentiment to current trends. All insights are displayed in an advanced dashboard that can be integrated with external panels to create a complete workflow for conducting surveys. The Marketplace Platform by PureSpectrum, as the tool is named, is available in countries worldwide and offers features like fraud prevention, dedicated support, and automation to reduce manual work.
What sets the brand’s solution apart is their proprietary scoring system called PureScore, which is based on machine learning. Its purpose is to review survey responses and validate their quality, delivering the most precise and significant data insights. This platform is valuable for companies targeting specific customer demographics.
Location: Irvine, California
Foundation date: 1997
Alteryx partners with businesses aiming to automate their data analytics efforts. They provide a platform that can be used by analysts, leaders, and developers to understand the information flow and make decisions based on facts. Additionally, Alteryx’s no-code, drag-and-drop tool forecasts the outcomes of processes and generates actionable lists of activities for improvement. Employees responsible for presenting insights to stakeholders appreciate the report-building functionality, facilitating the creation of compelling presentations.
With a global reach and thousands of clients, including major market players, Alteryx proves to be a reliable, trustworthy partner. They collaborate with numerous providers to accelerate business transformations and build integrated, internal frameworks for robust business intelligence.
Headquarters: Philadelphia, Pennsylvania
Foundation date: 2016
dbt Labs was created to empower firms looking to enhance their knowledge and data organization. They offer solutions that enable companies to connect, manage, and scale their data while ensuring constant quality. The entire infrastructure is cloud-based, increasing accessibility and providing flexibility for growing brands. The vendor’s mission is to minimize data-related support inquiries and help clients release products faster without compromising quality.
Thanks to over 9000 data analytics engineers on board, dbt Labs can quickly provide expertise and support for their partners. They also have a broad community and numerous resources for companies wanting to learn more about their data-related operations and how to improve them.
Location: Fully remote
Foundation date: 2019
Sensible Weather is a technology company that specializes in weather risks. Their purpose is to deliver reliable information about weather conditions to individuals, businesses, and their partners. Thanks to their work, it’s easier to predict the best time to organize certain events and maximize positive experiences. The brand reimburses their clients every time their forecasts are not precise enough. They also educate about climate change and its impact.
With scientists, tech-savvy professionals, and designers working at Sensible Weather, a data-driven and customer-centric approach is what makes the company stand out. They also offer a few solutions that help providers from industries like hospitality, travel, and leisure to better inform their customers and increase the number of positive reviews.
Location: Redwood City, California
Foundation date: 2010
Sumo Logic claims to be a trusted partner for companies that have undergone digital transformation and want to conquer their data-related challenges. They specialize in continuous intelligence, providing software that automates data collection and analytics to swiftly present predictions and insights. Their tech stack includes cloud-based infrastructure, machine learning algorithms, and robust security measures to ensure the highest quality of service.
Thanks to the SaaS nature of Sumo Logic’s platform, they can quickly deliver all the required tools that companies need to elevate their data operations. They complement apps they are connected with, adding native integrations with many partners to ensure seamless collaboration within their clients’ internal environments.
Headquarters: Zurich, Switzerland
Foundation date: 2008
KNIME provides a low-code/no-code, open-source platform for advanced data science. Thanks to their approach, the tool can be integrated with required systems while remaining transparent, flexible, and scalable. This vendor strongly believes in the power of community – their creativity in building needed extensions and support for other organizations in educating about data-related subjects. They also underline how the platform was designed to support all involved employees – from data experts to end users.
With continuous deployment and improvement, KNIME truly creates a platform that grows with their customers. They’ve helped companies from industries like finance, retail, manufacturing, energy, and the public sector to revolutionize their marketing, HR, budgeting, and supply chain operations.
Location: Northbrook, Illinois
Foundation date: 2004
Mu Sigma is a data analytics firm that provides big data services and decision-making support. They’ve worked with many Fortune 500 brands, helping them solve problems and introducing business intelligence into their structures. Besides offering a SaaS platform for big data analytics, they also offer process enhancement based on their unique framework. Additionally, a great chunk of their operations is dedicated to training specialists that can be hired by companies that need data scientists and other related specialists on board.
From social media analytics to competitor assessment, Mu Sigma covers a variety of challenges and uses innovative, data-driven technological tools to conquer them. It’s a provider with an outside-the-box approach which is appreciated by their customers.
Location: Chicago, Illinois
Foundation date: 2013
Civis Analytics takes pride in working with many governmental organizations, nonprofits and other mission-oriented institutions. They empower them with an easy-to-navigate data analytics platform integrated with numerous data sources for better insights. The simplicity is their true superpower, as many brands don’t want to implement complex technological solutions and learn how to use them. Thanks to their tool, companies can quickly extract the main conclusions from their sources of information, plan their next steps, and invest in activities that truly matter for their audiences.
This provider’s platform is great for data experts and management teams, but not only. It delivers insights crucial for marketing and sales departments, which makes their work more meaningful, precise, and human-centric.
Location: New York
Foundation date: 2012
Enigma provides a system for B2B vendors that want to learn more about their clients, which are usually smaller companies looking for solutions to accelerate their growth. This brand’s partners include financial service providers, SaaS creators, merchant systems, and other firms that want to support digital transformation of smaller players. Enigma covers a plethora of factors when assessing and presenting data about specific businesses to their clients, making sure they can be approached with confidence and increasing sales success rates.
From marketing to risk mitigation, information provided by Enigma can be used for multiple purposes and is instantly available to their partners. Moreover, they can integrate insights from the vendor into their workflows for real-time monitoring.
What are the challenges of data-driven analysis?
The modern data terrain is filled with muddles and difficulties. Despite popular belief, the challenges of effective analysis are not limited to the tools and technologies used for building business intelligence products. Therefore, the majority of companies opt for data science companies to take over their BI tasks. Below, we’ve listed the main challenges you’re likely to face when setting up a unified source of truth.
Availability of data
According to McKinsey, a lot of businesses still apply data-driven approaches sporadically throughout the organization, missing the value and creating inefficiencies. Also, some of them choose traditional approaches that take up significant amounts of time. Although there are many reasons behind this, poor availability of enterprise input is among the biggest ones.
A common problem faced by all businesses is that they do not have enough data on which to work. Often, companies do not have access to sufficient amounts of high-quality data because they don’t have the budget or people power to collect it themselves.
Siloed knowledge is also a major deterrent on the road to awareness. Thus, 47% report that this challenge is the most pronounced when gaining insight from marketing data.
A second challenge is ensuring that all the data you get is authentic, accurate, and complete. Once you do get your hands on some good quality data, it’s important to ensure that it’s free from errors and biases. The quality of input is crucial for on-point analysis free from a one-sided view. According to Capgemini, only 27% of business executives are satisfied with data quality.
The crux of the problem is an unprecedented diversity of data sources. The latter ushers in abundant types and complex structures which makes analysis difficult. Back in the day, companies used to leverage business data only. Today, Big data makes its adjustments.
Another major challenge is finding enough people with the right skill sets for your business. Securing the right talent has become more challenging than ever before. Competitive bids from companies, growing talent shortages, and economic uncertainty further aggravate the hiring market. Thus, 73% of companies report talent recruiting as the biggest challenge for the upcoming years.
Undefined business value
Any business intelligence setup aims at solving a specific business problem. Be it effective decision-making or improved marketing strategy, companies should first audit the existing systems. Otherwise, the data science solution will not be aligned with the business agenda or generate the necessary ROI.
The stats are daunting. Only 56% of executives think that their analytics strategy is aligned with the business strategy. At the same time, as few as 38% of business users share that view. The drift between business and technology is also evident in data collection, visibility, and access policies.
Therefore, consider building a checklist that includes input from all departments to make the most of the analysis solution. In a multidisciplinary setting, a unified business vision is paramount.
The final word
To unlock business insights, companies need a consistent data management strategy paired with analytics excellence. As the amount and complexity of data grows, robust analytical power has become a necessity, rather than an option for global businesses. Implementing it into the business model means companies can help reduce costs, uncover new revenue streams, improve customer experience and leave their competitors behind.
Need help with data science solutions development? Contact us, and we’ll set up a call to discuss your business needs and how we can apply technology to it.
It all depends on the type of service, its value, used technologies, and many other factors. According to WebFX, in 2023, hourly rates for big data consultants reached an average of $200-$350. As for platforms, tools, apps, and other solutions, there are free options that can be used to some extent and a variety of paid subscription plans that can go up to $5000. Custom solutions can be much more expensive, but they’re tailored to the individual needs of a specific business.
It’s hard to predict the exact changes since the technologies that drive data science today are constantly evolving and advancing. Specialists predict that AI and machine learning algorithms will be developed to achieve extraordinary results while maintaining a focus on ethics and responsibility. AI consulting, augmented analytics, edge and quantum computing, as well as IoT integrations are also forecasted to be prominent trends. Data privacy will become a crucial topic of interest, and interdisciplinary collaboration will be fostered by data-related organizations, too.
Research shows that over 97% of businesses worldwide invest in data analytics and AI-related services. However, only 24% of decision-makers claim their companies are truly data-driven. The demand is enormous, but many brands are still in the initial phase of their data science implementation efforts. Since only approximately 40% of data is analyzed to provide business insights, there’s still a lot of potential for providers to deliver high-quality solutions that will help brands elevate their big data game. Clients, on the other hand, should focus on finding partners that will meet their requirements and expectations.