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Data Science Consulting Services

Data science services help companies run experiments on their data in search of business insights. An experienced data science partner, ScienceSoft leverages machine learning, artificial intelligence, and deep learning technologies to meet our clients’ most ambitious analytics needs.

Data Science Consulting Services - ScienceSoft
Data Science Consulting Services - ScienceSoft

Why ScienceSoft

  • In data science, artificial intelligence, and machine learning since 1989.
  • Practical experience in 30+ industries, including healthcare, BFSI, manufacturing, retail and ecommerce.
  • A seasoned team of domain analysts, data scientists, and solution architects with 12–27 years of experience.
  • In-house compliance experts to ensure adherence to HIPAA, GDPR, PCI DSS, and any other required global and local regulations.
  • Partner to AWS, Microsoft, and Oracle.
  • ISO 9001 and ISO 27001-certified to guarantee top software quality and complete protection of our customers’ data.

What Our Customers Say

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Data Science Services We Offer

Data science consulting

Whether you need an ML model to solve a specific business task or plan to implement a complex data science solution, our industry analysts and data scientists are ready to provide you with an exhaustive consultation. With a detailed project roadmap and an optimal tech stack from us, you will get actionable steps to turn data into a value driver.

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Data science solution implementation

Our experts build industry-centric data science solutions that foster informed decision-making, streamline operations, eliminate human work, increase safety, enhance customer experience, and ensure other data-driven benefits. For complex projects, we are ready to start with a PoC or an MVP.

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Data science evolution

Our experts will provide you with strategic and tactical guidance if your data science solution needs to meet new challenging goals. We will design and implement new ML models, software features and modules to reinforce your solution with extra ML-powered capabilities.

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Data science solution support

We regularly check your ML models for accuracy and adjust them to ensure high-quality insights and predictions. With proactive monitoring and efficient issue resolution by a trusted IT partner, you can be sure your solution functions seamlessly.

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Complementary Data Science Services We Offer

Advising on and developing ML-powered solutions to help companies find hidden patterns in massive amount of data to enable accurate predictions and forecasting, root-cause analysis, automated visual inspection, etc.

Big data consulting, implementation, support, and big data as a service to help companies store and process big data in real-time as well as retrieve advance analytics insights out of huge datasets.

Designing and developing custom image analysis software.

Retrieving valuable insights out of large, heterogeneous and constantly changing data sets without investing in in-house data mining talents.

Helping companies achieve informed decision-making and optimize processes through data-driven insights.

Consolidating disparate data into a single point of truth as the background for enterprise-wide analytics and automated reporting.

Our Data Science Portfolio

How Data Science Process Unfolds with ScienceSoft

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ScienceSoft’s Head of Data Analytics with 12+ years of experience

I think the success of data science projects relies heavily on the ability to translate customer goals into development requirements. Let's say you want to build a churn prediction model. It looks clear, but we need to delve deeper into your case to bring real value to your business. For example, if you aim to increase customer retention, we'll ensure the model predicts churn risk in real time so that you can intervene with corrective measures immediately. However, if you focus on enhancing customer lifetime value, our data science consultants may recommend incorporating lifetime value prediction alongside churn forecasting. This helps you see if preventing churn is worth the effort.

Make Data Science Work for Your Business

Whether you are planning to introduce data science capabilities into your business or seeking to improve the existing solution, we're ready to assist you. Our consultants will answer your questions, investigate your case, advise you on the optimal strategies, and provide any support you require to reach the objectives you pursue.

Use Cases ScienceSoft Covers with Data Science Services

Operational intelligence

Optimizing process performance due to detecting deviations and undesirable patterns and their root-cause analysis, performance prediction and forecasting.

Supply chain management

Optimizing supply chain management with reliable demand predictions, inventory optimization recommendations, supplier- and risk assessment.

Product quality

Proactively identifying the production process deviations affecting product quality and production process disruptions.

Predictive maintenance

Monitoring machinery, identifying and reporting on patterns leading to pre-failure and failure states.

Dynamic route optimization

ML-based recommendation of the optimal delivery route based on the analysis of vehicle maintenance data, real-time GPS data, route traffic data, road maintenance data, weather data, etc.

Customer experience personalization

Identifying customer behavior patterns and performing customer segmentation to build recommendation engines, design personalized services, etc.

Customer churn

Identifying potential churners by building predictions based on customers’ behavior.

Sales process optimization

Advanced lead and opportunity scoring, next-step sales recommendations, alerting on negative customer sentiments, etc.

Financial risk management

Forecasting project earnings, evaluating financial risks, assessing a prospect’s creditworthiness.

Patient treatment optimization

Identifying at-risk patients, enabling personalized medical treatment, predicting possible symptom development, etc.

Image analysis

Minimizing human error with automated visual inspection, facial or emotion recognition, grading, and counting.

What Goals Do You Want to Reach with Data Science?

Our competence and experience are not limited to the described use cases. Drop us a line, and our consultants will outline how data science can be applied in your case.

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Benefits Our Customers Report

Lower equipment maintenance costs

due to AI-powered recommendations on parts replacement.

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Minimized human factor errors

due to process automation powered by a custom AI algorithm.

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Precise image recognition

due to an ML model with 95% accuracy.

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Identified potential sales increase

due to a case-specific forecasting algorithm.

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Methods and Technologies We Use

To get to the valuable insights that your data hides, we apply both proven statistical methods and elaborate machine learning algorithms, including such intricate techniques as deep neural networks with 10+ hidden layers.

Methods

Statistics methods

  • Descriptive statistics, e.g., to summarize customer data, identify outliers in stock prices, visualize equipment performance data.
  • ARMA and ARIMA, e.g., to forecast sales, prices, demand, etc.
  • Bayesian inference, e.g., to predict possible outcomes like equipment failure or disease likelihood and model spatial patterns.

Non-NN machine learning methods

  • Supervised learning algorithms are good for classification and regression tasks, e.g., diagnosing based on image analysis or stock price prediction.
  • Unsupervised learning algorithms are good for clustering tasks, e.g., segmenting customers based on their purchase history or detecting fraudulent financial transactions.

  • Reinforcement learning methods are good for decision-making influenced by interaction with the environment, e.g., personalization engines responding to user behavior.

Neural networks, including deep learning

  • Convolutional and recurrent neural networks (including LSTM and GRU), e.g., for NLP tasks.
  • Autoencoders, e.g., to analyze medical images.
  • Generative adversarial networks (GANs), e.g., to generate images that will be used for training ML algorithms.
  • Deep Q-network (DQN), e.g., to optimize energy consumption, to recommend the best settings for manufacturing equipment.
  • Bayesian deep learning, e.g., to improve speech recognition and translation accuracy.

Technologies

How Much Does a Data Science Solution Cost?

The cost of your data science initiative will depend on the service option you need and the overall project complexity.

Developing a separate data science component

Cost: $30,000–$200,000

  • Forecasting: $30,000–$150,000.
  • Prediction: $30,000–$150,000.
  • Optimization and planning: $50,000–$200,000.
  • Classification (e.g., of customers, vendors, outlets, orders, payments, transactions): $20,000–$70,000.
  • Anomaly detection: $30,000–$200,000.
  • Fraud detection: $70,000–$200,000.

End-to-end development of a data-science-based solution

Cost: $200,000–$600,000

 

The yearly cost of support services may be estimated as 15–25% of the initial development costs, while it may amount up to 70% of the TCO during the entire solution lifespan.

Estimate the Cost of Data Science Services

Please answer a few questions about your data science needs. This will help our experts calculate your quote quicker.

*What is your industry?

What type of company do you represent?

*What describes your situation best?

*What data science capabilities do you want to implement?

*What services are you interested in?

What are the data sources for your solution?

*Do you have any preferences for the environment?

*Do you have any tech stack preferences, incl. cloud platforms?

*What does your current data science solution enable?

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E.g., performance and scalability issues, low output accuracy, inefficient reporting, the need to add new capabilities.

What services are you looking for?

*What type of support and maintenance services are you looking for?

*What time coverage do you expect?

*Please specify the data sources for your data analytics solution.

*Are there any compliance requirements for your solution? Check all that apply.

Almost done!

Please let us know where we should send your estimate. Our experts may need to ask a few extra questions to calculate a precise quote for your case.

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ScienceSoft's experts will study your case and get back to you with the details within 24 hours.

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