Forrester listed Tredence as a midsize provider ($25M to $1B in annual revenue) with a focus on analytics services. The analysis of the AI consultancy market is based on two factors: market presence and breadth of services.
AI Consultancy Market Presence Segments
Vendors have been segmented in this market into three categories, based on annual AI consulting revenue: large established players (more than $1 billion in AI consulting revenue), midsize players ($25 million to $1 billion), and smaller players (less than $25 million)
AI Consultancy Functionality Segments
AI consultancies market is broken into five segments, each with varying capabilities
- Analytics Service Providers
- Industry Consultancies
- Management Consulting Firms
- Product Design Firms
- Systems Integrators
Tredence has been listed as a midsize provider ($25M to $1B in annual revenue) with a focus on analytics services
Forrester defines the AI consultancy market as follows:
AI consultancies are service provider firms that bring a holistic approach across people, process, technology, and data science to help enterprises transform with AI-driven systems and experiences for competitive advantage.
AI consultancies help enterprises:
- Accelerate impact and time-to-value with AI.
- De-risk AI-driven business activities and offers.
- Upskill the entire enterprise to be AI native.
Tredence’ s uniqueness is in bringing the right mix of technology and business analytics to create white-box solutions that are typically transitioned to our clients at the end of the engagement in a sustainable way. Tredence does this cost – effectively using a global execution model leveraging our clients’ existing technology and data assets.
We think this timely inclusion in AI Consultancies will propel our clients to take advantage of the cutting-edge analytics solutions and apply it to new & diverse data sources which they might not have been able to produce earlier.
To read the full report, click here (available to Forrester subscribers or for purchase)