Astutrix Technologies Pvt. Ltd., a Digital native Data Sciences services company announces the launch of Cogniticx (www.cogniticx.com), Cogniticx, conceived as a data science talent marketplace, is aimed at a large scale, value added job creation for the phenomenal number crunching talent that India possesses. It enables an efficient matching of demand and required skills at optimal price points. According to Co-founder and COO Rishi Bagga, "The rising entrepreneurial aspirations of the youngest population on the planet puts Cogniticx in a sweet spot, as it could facilitate a new generation of entrepreneurs, "The DataPreneurs" who typically start as freelancers on the platform, but eventually may branch out as boutique data science firms, fostering innovation at the grassroot level." For the Clients who may need these services, Cogniticx aims to play a stellar role in bringing down the cost of adoption of Data Sciences as well as improve success rates due to its razor sharp focus on delivering outcomes (read results).
Arjun Pratap is founder and Chief Executive Officer at EdGE Networks. Fueled by the vision to build innovative, future-focused HR technology solutions – which re-engineer Human Resource Management to positively impact business outcomes – Arjun leads EdGE Networks to be a disruptor in the skill development space. Prior to EdGE Networks, Arjun worked with organizations such as SpeedERA Networks and Akamai Technologies, where he was responsible for building their India and international businesses. He also headed the sales function at Dexler Information Solutions to provide strategic direction in building the company. Arjun holds a post graduate degree in Information Systems and International Business, from The University of Sydney, Australia.
While COVID-19 pandemic has had a huge impact on people, function and process in innumerable ways, it has brought about an acceleration in the adoption of digital transformation across business and social sectors. The industry needs to rapidly ramp up on skills required to manage this rapid digitalisation. One of these critical skills is Data Engineering – in fact the DICE report of 2020 has labelled Data Engineering (DE) as the fastest-growing tech job with a 45% year-on-year growth. The pioneers of formal Business Analytics/ Data Science education in India, Praxis Business School, are launching a 9-month full-time post-graduate program in Data Engineering to address the business need for people with these skills. This course by Praxis is supported by industry giants Genpact and LatentView, who are providing industry inputs and know-how to strengthen the program.
India is one of the leading markets for analytics and data science services, and various data science vendors have seen significant growth over the last few years, as organisations across verticals are investing billions of dollars in data science and analytics to optimise their processes. In fact, despite the pandemic and the resulting quarter-long slowdown, the data science functions across organisations have not been significantly impacted, suggesting that data science and analytics are a mainstay of business processes and value generation. The pre-COVID numbers suggest that as of March 2020, the analytics function in India earned consolidated revenues of $35.9 Bn, a 19.5% growth in revenue over last year. In the post-COVID world, companies are veering towards digital transformation to ensure business continuity – and the analytics and data science functions are playing a crucial role in this journey. As companies are looking to establish AI and Data Science capabilities, the market is further maturing, driving the need for data science vendors/service providers to facilitate the booming market. Over the last few years, multiple vendors with unique capabilities in data science, have not just grown from small operations but also matured in terms of capabilities.
Data is being collected everywhere around us. This data is analyzed and used to impact B2C and B2B markets in traditional and nontraditional sectors in ways we never imagined. Indeed Analytics has proven itself to be an essential tool for any organization, influencing every decision and impacting every stakeholder. But what exactly does this big Analytics boom mean for India specifically? The analytics industry worldwide is expected to grow annually at 31.7%, nearly 7 times more than the entire ICT market.