Data analytics is impacting virtually all industries the world over and the automobile industry is no exception. Inexorably, all business activity is becoming data driven and this is where analytics comes in. According to NASSCOM, the analytics market will double to $2.3 billion by the end of 2017/18, up from approximately $1.5 billion in 2015 and the Indian analytics market will grow at a CAGR of nearly 23 per cent during 2014-2019.
The overall pace of investments by venture capitalists slowed over the first six months in 2016, according to a report. While the software industry as a whole did well, the number of investments in startups is trending down. After several years of heavy investments in big data startups, the industry could be due for a course change, data suggests.