Singapore’s government agencies are increasingly investing in data, infrastructure, and big data talents. Of late, the island country also undertook an initiative to form a consortium of researchers and think tanks to become the world’s first Smart Nation. The move will improve the adoption of analytics in the country, and help the country transform public sectors such as transport, health, business productivity among other areas.
Reports suggest that the analytics software market in the country will grow at a compound annual growth rate of about 8.6 percent between 2016 and 2019, for four specific segments. These segments include advanced and predictive analytics, data integration and access, end-user query, reporting and analysis, and marketing.
Francis Fong, Managing Director, SAS Singapore shared, “Analytics has always been integral in extracting in-depth insights for business decisions. With Singapore’s Smart Nation vision, this role is only set to increase in importance.” This growth in analytics software market can be attributed to new growth opportunities, especially those in areas of self-service data discovery.
Singapore has seen a spate of companies emerge in this space, who provide end-to-end analytics solutions. But which companies are really making a difference for their clients?
One of the fastest growing big data analytics companies from Singapore, Crayon Data intends to simplify the world’s choices. Enterprises can furnish ultra-personalized choices to their customers, using Crayon’s proprietary platform – SimplerChoices. The platform contains data that reflect 1 billion tastes, 25 billion taste connections, and 25 million products.
Besides, the firm has been recognized and awarded on various global platforms. It was selected as one of the top 50 emerging tech companies in India, at InTech50 2015. The company was found in the year 2015.