Virtusa (NASDAQ GS: $VRTU) Recognized in Gartner Market Guide for Data Science and Machine Learning Service Providers
SOUTHBOROUGH, Mass. - March 8, 2018 (Investorideas.com Newswire) Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, has been included in Gartner's Market Guide for Data Science and Machine Learning Service Providers. The report, published on October 31, 2017, states: "Data and analytics leaders looking for support for their data science and machine learning projects should use this research to identify and engage with candidate service providers to fill the analytics deficit and augment their existing data scientists with specific skills."
According to Gartner, "the growing demand for DS&ML as a competitive differentiator is forcing organizations to acquire an even wider portfolio of skilled resources - from statisticians and data scientists, to chief analytics officers. However, there is a shortage of data science skills in the market, making it difficult to source the right skills."
"We feel that we are one of the most visible DS&ML service partners worldwide and are proud to be recognized in Gartner's Market Guide," said Kumar Ramamurthy, senior vice president and global head, Data & Analytics, Virtusa. "As service providers work to develop repeatable and robust service assets to help clients fast track their analytics initiatives, Virtusa is leveraging its AI labs supporting a number of leading AI platforms to build industry specific point solutions and minimum viable products rapidly."
Through its Data & Analytics practice, Virtusa provides services and solutions across the entire data spectrum - transforming raw data into actionable insights. Virtusa's Big Data Competency Center offers consulting services for roadmap development, tool evaluations, solution architecture and design and end-to-end implementation services using big data ecosystems such as Hadoop, NO SQL and graph databases. The company's centers of excellence utilize business intelligence (BI) and artificial intelligence (AI) to offer comprehensive services that span from traditional BI to more complex and advanced analytical solutions, including social analytics, web data analytics, predictive analytics and model implementation.
Combining traditional analytics, big data and AI, Virtusa has delivered several solutions, including a predictive text mining solution to enhance field engineer productivity and resolve network failures for telecommunications firms; a customer value management solution for a leading global bank identifying potential cross sell and upsell opportunities; and location-based analytics to help a financial services company better monetize existing data.
To learn more about Virtusa's Data & Analytics technology offerings, please visit: http://www.virtusa.com/services/enterprise-information-management/technology-offerings/big-data-and-advanced-analytics/
For more information and to access the report (subscription required), please visit: https://www.gartner.com/doc/3822963/market-guide-data-science-machine
Source: Gartner, "Market Guide for Data Science and Machine Learning Service Providers," Jorgen Heizenberg et al, 31 October 2017.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of information technology (IT) consulting and outsourcing services that accelerate business outcomes for Global 2000 companies and leading software vendors in banking and financial services, insurance, healthcare, telecommunications, technology, and media & entertainment.
Virtusa helps CXOs' address the dual challenge of growing revenues while improving IT cost efficiencies. Virtusa's digital transformation & innovation (DTi) solutions enable clients to reimagine the customer experience, accelerate revenue growth and creating lasting business value. The company's operational excellence (OE) solutions help clients reduce risk, improve operational efficiencies, and lower IT costs.
Virtusa delivers services across the IT lifecycle, including consulting, solution design, technology selection, implementation, testing, and maintenance, including infrastructure support. With a strong heritage in software engineering, Virtusa is highly qualified to both develop and maintain software, using a proven platforming methodology and advanced Agile and Accelerated Solution Design techniques to reliably deliver results on time and within budget.
Holding a proven record of success across industries, Virtusa readily understands its clients' business challenges and uses its domain expertise to deliver distinctive, differentiated and innovative applications of technology to address its client critical business challenges. Examples include building the world's largest P&C claims modernization program; one of the largest corporate customer portals for a premier global bank; an order to cash implementation for a multinational telecommunications provider; and digital transformation initiatives for media and banking companies.
Through the acquisition of a majority interest in Polaris Consulting Services Ltd. in March 2016, Virtusa has created a robust platform to provide end-to-end solutions and services in banking and financial services, strengthening its positioning as a top, global FinTech services provider. Virtusa Corporation is headquartered in Massachusetts and has 50 offices across North America, Europe and Asia.
Polaris Consulting & Services is a subsidiary of Virtusa Corporation. Copyright © 2018 Virtusa Corporation. All Rights Reserved.
Amy Legere, 617-275-6517
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