SANKHYA ANALYTCIAL RESEARCH PVT LTD

Beyond Numbers: How Sankhya Analytical Research Transforms Data into Action

In recent years, the data science industry has experienced tremendous growth, driven by ongoing technological advancements and a focus on innovative solutions such as artificial intelligence and machine learning. This evolution has led to an increased demand for expert consulting services. Sankhya Analytical Research, the brainchild of Vinayak Deshpande, is a prominent name in data science consulting. The firm helps clients tackle complex business and research challenges through data-driven approaches.

In addition to consulting services, Sankhya Analytical Research also provides comprehensive data science training to both newcomers and experienced professionals.

THE MAN OF THE HOUR

The founder, Mr. Vinayak Deshpande, began his career as a professor of statistics at Ramnarain Ruia College,Mumbai. In 2008, he made a remarkable transition into the corporate world by founding Sankhya Analytical Research. Today, he is renowned for his expertise in consulting and training in data science and advanced analytics in India, Middle East and Europe. He is a member of board of studies at St. Xaviers college, SIES college and HSNC university, Mumbai. Additionally, he is a member of the Data Safety Monitoring Board for global clinical trials.

He is also on editor board of the journal IJMPO- Indian Journal for Medical and paediatric Oncology. Vinayak’s overall journey is marked by resilience, continuous learning, and an unwavering commitment to growth.

THE INCEPTION AND INSPIRATION

Sankhya Analytical Research’s journey began in 2008, to help clients with the right use of statistical methods in decision-making. Initially, the services focused on core statistical methods, which have now evolved into data science using traditional as well as new machine learning methods. It started with the Pharma sector and BFSI domain, then quickly expanded into Retail, FMCG, Real Estate, etc.

Based in Mumbai, this knowledge process outsourcing firm aims to partner with enterprises in different sectors to empower them through data-driven decision-making. Additionally, the company strives to bridge the gap between technical experts and business users. Over the years, Sankhya Analytical Research has achieved notable success in this endeavour.

AN EDGE OVER THE PEERS

What truly sets Sankhya Analytical Research apart is its distinctive fusion of statistics, machine learning, and domain expertise – a unique and powerful combination that sets it apart in the industry. This unique blend enables the company’s expert team to tackle complex, multi-channel challenges with agility and precision, while bridging the gap between technical experts and CXOs.

NAVIGATING THE HURDLES ALONG THE WAY

Challenges and achievements are a part of the journey. Sankhya Analytical Research faced a significant challenge in getting its predictive models implemented. This required a lot of education for the clients in the early stages of the operations as the field was less mature then. Sankhya faced stiff competition from IT companies as many small to mid-sized IT companies entered the field of data science. However, with right mix of talent Sankhya could prosper in the competitive world of data science.

OFFERING EXCLUSIVE DATA SCIENCE SERVICES

The future of the data science space seems promising. Sankhya Analytical Research utilises an agile and tailored approach to foster growth and helps them address these challenges with ease. The company excels in delivering a comprehensive suite of services, which includes:

• Statistical modelling in risk management
• Biostatistics for clinical trials and drug development
• Development of data science products using R/Shiny
• Corporate training in data science

Some of the notable projects Sankhya Analytical Research is currently focused on include: Fraud detection in the BFSI domain, a Stock Recommendation Engine, and a prediction model for Sleep Apnea.

REMARKABLE IMPACT

Today, Sankhya Analytical Research continues to make a significant impact with Vinayak Deshpande at the helm. He collaborates with executives across various industries and has already mentored more than 2000 data analytics and science professionals worldwide.

ESTEEMED CLIENTELE

Over the years, Sankhya Analytical Research has completed 200+ projects and served 80+ reputed organizations across varied industries. Some of the notable clients include ICICI Securities, Reliance General Insurance, Idea, TVSCS, HDFC Bank, Aditya Birla Group, Cipla Ltd, Sandoz Ltd, Welspun, and Dr Reddy’s, to name a few.

NOTABLE MILESTONES

Under Vinayak’s leadership, Sankhya Analytical Research has grown from a modest startup into a prominent player in the industry. The company has helped many companies establish a strong data culture across various industry verticals, including BFSI, FMCG, Healthcare, HR, and Real Estate. These organisations have greatly benefited from making data central to their decision-making process. Additionally, they have expressed high satisfaction with the data scientists and analysts that the company has mentored over the years.

THE FUTURE ROADMAP

In the ever-evolving data consulting industry, Sankhya Analytical Research remains at the forefront by investing in research, market insights, and team development. Looking ahead, the company plans to expand its services in new sectors, such as energy and the environment. Additionally, it aims to foster a data-driven culture at the grassroots level, recognising that data literacy is becoming as essential as any other fundamental skill for citizens.

INSPIRATIONAL THOUGHTS

As Vinayak reflects on his years of learning and consulting, he embraces both the joys and challenges of his journey. He advises youngsters, “Do not rush into AI or machine learning right away; take time to understand statistics, mathematics, good programming practices, and your area of interest. This foundation will help you excel in the competitive world of data science.

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