For better or worse, data plays a fundamental part in our daily lives. Fueled by the web, social media, connected devices, and end points that collectively make up the Internet of Things (IoT), this collective data has grown incomprehensibly large—and continues to grow: experts estimate that more data has been created in the past 2 years than in all of mankind’s history.
More data—specifically big data—enables smarter and more accurate real-time decision-making. Latin America in particular is poised to benefit greatly from big data’s opportunities, despite facing a challenging landscape brought on by years by government corruption, energy price declines, and a slowdown of economic activity with trading partner China. The following is a list of the top firms in Latin America developing big data solutions and platforms.
Chilean agricultural data science startup Agribot helps producers improve their businesses with an application that delivers data analytics from Arduino-based sensors in the field. The firm plans to build a database of agricultural data from public and private sources to enhance agricultural benchmarking, thereby increasing yields and crop quality.
Founded by two globally-educated Colombians, Brazil-based Aentropico is developing a predictive analytics platform for business managers. The solutions aims to provide data-driven business intelligence that is intuitive and user-friendly.
This Peru-based startup has garnered a good bit of recent attention. It provides a platform for online and mobile ticket sales, including a customizable revenue management system and advertising platform for movie studios and distributors.
Spoken from Chile is an app for what the company calls alternative and augmentative communication –that is, using big data, machine learning, cloud services, and user-centered design to create a predictive text solution for those with speech disorders.
Nazar from Brasil is a performance monitoring tool specially designed to simplify the complex and time-consuming task of application tuning. The platform provides predictive analytics to developers, IT operations, and DevOps practitioners and gives them with global view of their applications for making the best decisions for the business.
Quantico from Peru offers an advanced tool for business intelligence, analytics, and social networks monitoring. The platform enables you to find out what people are saying about your brand, company, or product on social media and digital channels.
Venezuelan Metric.la offers an analytics platform for tweaking quantitative and qualitative variables related to brands, events, businesses, and public matrix opinions.
In short, the big data and analytics space is a boon for the region’s emerging markets as digital transformation redefines swaths of the economy. Innovative startups like the 7 above are testament to the power of early mover advantages—especially when applying the latest technologies and practices to emerging markets that are still early on the adoption curve.