Data Science as a Service – Access to Enterprise-Class Advanced Analytics

Data Science as a Service - ScienceSoft

Data science as a service allows companies to get business insights leveraging advanced analytics technologies, including deep learning, without investing in in-house data science competencies.

Since 1989, ScienceSoft provides companies with data science services to enable them to exploit growth and process improvement opportunities.

Get Access to Advanced Analytics Techs and Skills
Optimize your business processes with effective root cause analysis and reliable forecasting delivered by ScienceSoft’s team on a regular or on-demand basis.

What Makes ScienceSoft a Reliable DSaaS Vendor

Our data analytics achievements - ScienceSoft

  • 31 years in data science and data analytics.
  • 7 years in big data.
  • 15 years of experience in rendering data warehouse services.
  • Hands-on experience with all major languages, libraries and cloud services for data science.
  • Domain experience in 23 industries, including manufacturing, energy, retail and wholesale, professional services, healthcare, financial services, telecommunications.

Analytics Domains We Cover with DSaaS and Value You Get

Operational intelligence

Operational intelligence

  • Root cause analysis and bottleneck recognition
  • Forecasting of business performance metrics
Improvements in:
Operational decision-making
Working capital management
Process, resource, cost management

Supply chain management

Supply chain management

  • Supply forecasting
  • Demand forecasting
  • Preventive alerting for inventory control
Improvements in:
Stock control
Inventory management
Demand and supply planning
Order fulfillment

Production management

Production management

  • Demand and throughput forecasting
  • Process quality prediction
  • Production loss root cause analysis
Improvements in:
Production process management
Overall equipment effectiveness
Overall resource effectiveness

Predictive maintenance

Predictive maintenance

  • Root cause failure analysis and prediction
  • Remaining useful lifetime prediction
  • Predictive monitoring and preventive maintenance
Improvements in:
Asset lifetime and uptime
Total productive maintenance
Maintenance and repair costs management

Risk management

Risk management

  • Counterparty risk analytics
  • Potential damage prediction
Improvements in:
Risk mitigation
Credit risk management
Liquidity risk management
Fraud detection

Customer analytics

Customer analytics

  • Sentiment analysis
  • Customer behavior prediction
  • Sales forecasting
Improvements in:
Cost per customer/lead
Revenue per customer
Lead conversion rate
Customer acquisition and retention

Quality management

Quality management

  • Defect root cause analysis
  • Production output predictive modeling with varying inputs
  • Image and video analysis, automated visual inspection
Improvements in:
Cost of quality management
Material consumption
Rework efforts
Number of product recalls

DSaaS – Frequently Asked Questions

Question

What value do we get when choosing DSaaS?

  • Quickly embracing data science capabilities without growing in-house data science competencies.
  • Getting advanced analytics insights for end business users.

Question

How can we be sure of the quality and speed of analytics insights?

DSaaS delivery is based on the agreed service quality KPIs, which may include:

  • Output quality KPIs:
    • Insights by value (high / average / low).
    • Forecast accuracy.
    • Missing alerts.
  • Business result-related KPIs (e.g., improvements in energy consumption or service delivery time).
  • User satisfaction score.

Question

Will our data be secure?

Data safety is ensured through:

  • Storing and processing data on highly secure cloud facilities (Azure, AWS, Google Cloud).
  • Conducting 24/7 in-house data security monitoring.
  • Using secure data transfer methods (FTP and VPN) controlled via regular health checks.

Data Science Technologies and Methods We Use

Programming languages

Machine learning frameworks and libraries

Data science cloud services

Big data

Click on the technology to learn about our capabilities in it.

Data visualization

Statistics methods

Descriptive statistics
ARMA
ARIMA
Bayesian inference

Machine learning algorithms

Supervised learning
Unsupervised learning
Reinforcement learning
Neural networks, including deep learning

Neural networks

Convolutional and recurrent neural networks (including LSTM and GRU)
Autoencoders
Generative adversarial networks (GANs)
Deep Q-Network (DQN)
Bayesian deep learning

Our Featured Data Science and Big Data Analytics Projects

Data Science Consulting for Electric Energy Consumption Analysis and Forecasting

ScienceSoft suggested high-level software architecture and provided detailed recommendations on creating machine learning models for electric energy consumption analysis and forecasting software, which would allow electric power companies to optimize their load management and price determination procedures.

Development of a Data Science Solution for Clay Pigeon Shooting Scoring

ScienceSoft helped develop image analysis software to automatically determine clay pigeon shooting results. The solution is based on convolutional neural networks and the implementation of the background subtraction algorithm.

Data Science Implementation for Sales Analysis and Forecasting

ScienceSoft supported a leading FMCG manufacturer by delivering science-based sales forecasting and attainable sales targets.

Big Data Implementation for Advertising Channel Analysis in 10+ Countries

ScienceSoft implemented a big data analytics system, which allowed one of the top market research companies to carry out comprehensive advertising channel analysis for different markets.

Development of a Big Data Solution for IoT Pet Trackers

To support a long-term customer in a new service launch, ScienceSoft delivered a scalable IoT data management solution that allowed processing 30,000+ events per second from 1 million devices.

Pricing Models for DSaaS

Monthly subscription fee

Recommended when the engagement scope is clear, for outsourcing a particular number of data science talents to perform the required activities.

Time and Material

Recommended when the engagement scope is unclear.

Choose Your Service Option

For companies with no data science capabilities

We offer:

  • Analysis of business needs driving the company to apply data science.
  • Source data preparation and cleansing.
  • Development, training, testing and deployment of machine learning models.
  • ML model tuning.
  • Delivering data science output in an agreed format.
  • Integrating ML models into an application for users’ self-service, if required.

For companies that need to enhance their data science insights/initiatives

We offer:

  • Analyzing your business needs and the existing data science environment.
  • Evaluating the existing ML models, ML debugging and error analysis.
  • Data cleansing.
  • Continuous tuning and training of ML models for increased ML model accuracy.
  • Adding new data to the ML models for deeper insight.
  • Building new ML models to address new business and data analytics questions.

Why Turn to DSaaS Right Now

An expert data science team can help you quickly embrace data science for meeting particular advanced analytics objectives and achieving the following benefits:

  • Up to 30%
    Reduction of equipment maintenance cost due to predictive monitoring and preventive maintenance.
  • Up to 20%
    Increased product throughput and improved on-time delivery due to demand and throughput forecasting and production process optimization.
  • Up to 35%
    Increase of product quality in discrete manufacturing with defect root cause analysis and product quality predictive modeling.
  • 5%
    Reduction of inventory management costs due to the AI-based forecasting of demand-driving factors.
  • 49%
    Consumers willing to shop more frequently due to customer behavior prediction and forecasting.