Based on its recent analysis of the Big Data analytics (BDA) market, Frost & Sullivan recognizes ReNi Analytics (ReNi) with the 2016 North America Frost & Sullivan Entrepreneurial Company of the Year Award. ReNi Analytics is breaking down silos in business practices and enhancing enterprise agility by leveraging its wide multi-domain expertise and technical knowhow in BDA. It delivers processes for the complex enterprise environment through ReNi Egility™, a framework that enables enterprises to make more informed and faster decisions in every aspect of their business.
"ReNi Egility™ features a data lake and deep learning capabilities with predictive identification of events and opportunities,” said Frost & Sullivan’s Global Senior Director, Mukul Krishna. "The business rules management capability offers decision agility concerning the economic impact, while microservices provide 'engagement agility' by allowing new systems to engage with customers, suppliers, partners and employees during the decision-making process."
ReNi Analytics boasts domain expertise in retail, consumer goods and e-commerce; travel, hospitality and leisure; banking, financial services, and insurance; healthcare and life sciences; aerospace, automotive and industrial; and finally, telecommunications, media and technology. This vast and varied experience enables the company to apply the working framework to the business processes that need it the most.
The company also makes the most of its BDA technology expertise in areas such as the Hadoop ecosystem, R, Python, and Java, as well as its business consulting expertise in sales and marketing, supply chain and customer service. In each of its engagements, ReNi uses a combination of Hadoop suite of tools, R, visualization tools such as Tableau and Qlikview, enterprise systems expertise, and the Cloud infrastructure to deliver the business process agility that is critical to its clients.
ReNi follows a strict business process, wherein it first maps out the analytic and business objective and then determines the data source requirements (sales, revenue, reports, consumer information) to meet the objective.
"Without disrupting the IT initiatives in place at the enterprise, ReNi completely prepares the data in the required framework and format for plugging into the appropriate technology,” noted Krishna. "This way, ReNi transforms 'descriptive' analytics to 'prescriptive analytics to alter a business process or decision. Finally, this new algorithm, insight or result integrates into the existing business process."
Despite its relative market nascence, ReNi has optimally tapped its resources to win contracts with Fortune 500 companies and fostered valuable partnerships with technology companies such as HortonWorks. The ReNi Egility™ framework particularly enjoys success in the retail, financial, and technology industries, having delivered outstanding value in the form of revenue growth, cost savings or asset productivity improvement to top- and mid-tier companies in each of these verticals.
Frost & Sullivan analysis indicates the company’s uniqueness in tailoring BDA solutions and products to the customer as a great asset will go a long way in enhancing ReNi Analytics' position in the market.
Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value as well as speed in response to market needs. In short, the award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
About ReNi Analytics
ReNi Analytics’ vision is to help its clients achieve business agility to take advanrage of opportunities and quickly react to events by applying analytics at the point of every decision. Using deep domain knowledge, a full range of analytics services and strong Big Data Analytics technology expertise, we help our clients transform their business processes to create and sustain transformative financial impact. Formed in 2014 and based out of Dallas, TX, we have worked with a variety of Fortune 500 companies to help them create agility through richer, finer, faster decision-making processes. Our Big Data Analytics expertise and assets range across marketing, supply chain and customer service functions in Consumer Goods, Financial Services, High-Tech, Industrial Manufacturing and Distribution, Pharmaceutical, Retail and Telecom industry segments.
About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion.