The need to deliver personalized services, manage dynamic regulatory environment and emerging risks, and contain costs are driving the adoption of big data & analytics in the global banking industry. Banks are geared up to process immense volumes of data and are investing in solutions to manage risks and regulations, improve customer service, and increase revenue & profit.

Banks are proactively building innovative business models around digital technologies and leveraging big data & analytics to enhance consumer experiences. They are looking for strategic partners to assist in developing short- and long-term analytics strategy, empower decision-makers with prescriptive dashboards, and generate predictable analytical models for future planning.

Responding to enterprise priorities, service providers are rapidly ramping up their big data & analytics services portfolio. They have invested in acquiring new capabilities, realigning their workforce, and developing tailored solutions to help enterprises in their analytics journey.

In this research, we analyze the capabilities of 22 leading IT service providers specific to big data and analytics services in the global banking sector. These providers were mapped on the Everest Group Performance | Experience | Ability | Knowledge (PEAK) Matrix, which is a composite index of a range of distinct metrics related to each provider’s capability and market success. In this report, we focus on:

• State of the big data & analytics services market in banking
• Landscape of service providers for big data & analytics services in banking
• Implications for buyers and service providers
• Assessment of service providers on a number of capability-related dimensions
• Characteristics of Leaders, Major Contenders, and Aspirants on Everest Group’s PEAK Matrix

SCOPE OF THE ANALYSIS

• Market trends and activity
• PEAK Matrix characteristics
• Service provider profiles

CONTENT

This report analyzes 22 leading technology service providers. The analysis includes:

• Trends in big data & analytics services in banking and their implications for key stakeholders
• Everest Group Performance Experience Ability Knowledge (PEAK) Matrix for big data & analytics services in banking
• PEAK Matrix characteristics of big data & analytics services in banking
• Detailed one page profile of each service provider positioned on the PEAK Matrix

Everest Group has a complimentary four-page PEAK Matrix preview document for this service provider landscape report.

Membership(s)

Banking, Financial Services & Insurance (BFSI) - Information Technology Outsourcing (ITO)