Big Data—extremely large data sets that can be analyzed to reveal trends and patterns—play an increasingly critical role in today’s enterprise operations. Businesses utilize Big Data solutions to glean key insights regarding customer behavior and other market patterns and adjust their strategies accordingly.
Here’s a list of the top 11 Vancouver-based Big Data startups to look out for in 2016.
Venzee is focused on eliminating spreadsheets from the e-commerce supply chain and enabling system connectivity and process automation. The startup is accelerated by 500 Startups.
Visier develops workforce analytics and planning software that takes almost any data source and integrates it into workforce benchmarking and planning. The company counts Exelon, McGraw Hill Financial, Time Inc., and Baker Hughes as some of its customers.
Founded and run out of the University of British Columbia, DataSense’s platform connects and supports students, businesses, and professionals in the realm of data science.
Salient Business Intelligence provides data warehousing services such as the structuring and cleaning data for maximum efficiency and the creation of custom business intelligence software. It also provides content analysis and design for reporting and strategic business intelligence consultation services.
Beyond Intelligence is a Big Data analytics company that specializes in identifying signs of stress in individuals and providing actionable suggestions before becoming an issue. Combining Big Data with wearable technology, the solution tracks user behavior patterns to determine what increases stress—and what steps can be taken to decrease it.
Optigo Networks develops an analytics platform that continuously monitors hundreds to thousands of connected devices in smart building security systems. Its platform also visualizes the data from interconnected systems of smart buildings for visual management/operations.
Showrooming is an increasingly popular trend that has cost retailers billions a year in lost sales: the customer walks into a brick-and-mortar store to view products in person—only to purchase them later online at a discount. Sirch uses data analytics to allow retailers to identify which customers are viewing prices from elsewhere and dynamically adjust the retailer’s online price to secure the sale.
ThinkCX is a Big Data firm specializing in gleaning social media data to help marketers learn more about the opinions and behaviors of their target audiences. The solution analyzes posts to see when/why individuals are engaging with competitors and expressing dissatisfaction, and also tracks important events such as graduations, relocating, or starting a new job to actively adjust individual marketing strategies.
Peotic brings together merchants level 3 (SKU) data, financial institutions (FI) account holder data, and online (e-commerce, search, etc.) data to build a 360 shopper profile of every credit/debit cardholder—its Peotic Holistic Shopper Profile.
Knomos’ legal platform visualizes/contextualizes the seemingly endless textual nuance of the law—making it useful not only for law students, but also for average citizens looking to understand their legal rights. The software presents legal information as a map of related concepts, starting at broader concepts and zooming in for more detailed information and related sub-topics.
PHEMI develops big data warehousing solutions for collecting, curating, and consuming any kind of data—with an emphasis on privacy, security, and governance.
With virtually all information in digitized form these days, it’s not surprising that a myriad of Big Data innovations and ventures have emerged as of late. Keep these 11 on your radar as they expand their products and services to mine lucrative insights waiting to be discovered in today’s immense ocean of searchable data.