There are 7 Companies in Lithuania
that provide BI & Big Data Consulting Services!

In the past 10 years, Lithuania developed its IT industry and infrastructure. Projects like e-Lithuania, e-residency, and VR Lithuania among others, transformed the country into a fully digitalized hub in the Baltic region. 

The IT sector itself plays an important role in the Lithuanian economy, registering a 739 millions Euros turnover in 2020. Also, ~4.0% of the entire Lithuanian workforce is enrolled in the IT industry, for those 4200+ digital companies that export their services in 130 countries. 

Why working with Lithuanian IT companies

Essential e-solutions in Lithuania that enable the digital society to function smoothly were all built by local Lithuanian companies. This enhances the reliability of Lithuanian IT companies not only locally but also worldwide - about this we will relate a bit later. 

The already built digital system in Lithuania, already tells a lot about Lithuanian IT companies that perform excellently, and are becoming more and more attractive not only for companies but also for skilled professionals that are enjoying preferential conditions. 

So, after all, why you should work with Lithuanian IT companies?! 

• Skilled workers - that provide high-level digital services

• Open market - that facilitate and ease the access to IT resources and companies services

• Low taxes - compared with other European countries, Lithuania helps local IT and tech companies generate sales, by cutting taxes - which can reflect a lower price/project for the end customer

• Healthy business environment  - a well-established communication between businesses is assured 

What you should pay attention to when working with Lithuanian IT companies

However, working with Lithuanian IT companies can be also tricky. Even though the post soviet reminiscences are not visible, you still can hit Russian Lithuanians that are providing the same IT services, but on a relatively lower quality, and in a very specific manner. Roughly, some of the companies are only benefiting from the developed IT environment in Lithuania, but don’t follow the same guidelines as the wide majority of companies do. 

Another challenge is the limited human resources that Lithuanian companies can have. The country’s population is just above 3 million people and 6% of it is simply not enough to cover all market demands, so possibly it would be difficult to find an available IT company based in Lithuania to take a big project or so. 

How developed is Lithuanian IT Infrastructure

Lithuania ranks among the top European countries with the highest IT infrastructure. As mentioned previously, its digital transformation made the country one of the regional leaders in innovation. But even so, the country is still not done yet with developing its IT capabilities. 

How does the Lithuanian IT industry perform compared to the neighboring countries?

In the Baltics, Lithuania is a detached leader in IT. Latvia and Estonia are behind simply because they focused on developing other sectors. But the Lithuanian performance is also motivated by people’s attachment to digital technologies.  The continuously growing number of digital agencies confirms once again that Lithuania ranks better than neighboring countries. 

But speaking about Lithuania as an extension to Europe’s northern region, the country is in tight competition with Latvia and Estonia, which also find themselves somewhere in the first half of the European IT community. 

Compared with those two countries, Lithuanian companies will rather provide lower prices for their IT and digital services and products, but at the same time, Lithuania has way more limited resources than Estonia or Finland. 

All in all, Lithuania is a great country to consider for digital projects, and local companies' rich experience with digital transformation can make a difference in their projects. 

Lithuania's Tech in 2022 - Update

Considering the progress Lithuania made throughout the last 3 years, is no wonder that 2022 will be another good period for the ICT and especially local IT companies. Lithuania is abundant with news and tech-related events meant to  encourage startups and entrepreneurship. As a direct result of continuous efforts invested in ICT, Lithuania got the #10 global position in FinTech and has over 42K ICT specialists employed in the tech sector as of December 2021. With this speed, Lithuania is estimated to become more than just a competitive country in the region. 

Businesses increasingly need BI & Big Data Consulting services to unlock their data's potential. And this is the main problem that BI & Big Data Consulting services step in, offering valuable guidance and solutions to help businesses unlock actionable insights, make informed decisions, and drive meaningful outcomes. 

BI & Big Data Consulting services include a comprehensive range of expert solutions designed to help businesses optimize their data management processes. From data acquisition and storage to analysis and visualization, these services cover the entire data lifecycle. Key components of BI & Big Data Consulting include data strategy development, data warehousing, data analytics, data mining, data reporting, and data entry and processing among others

To deliver decent BI & Big Data solutions, consulting companies use a range of specialized tools and technologies. These may include popular Big Data frameworks like Apache Hadoop and Spark, data visualization platforms such as Tableau and Power BI, cloud-based analytics solutions like Amazon Redshift and Google BigQuery, and machine learning libraries like TensorFlow and sci-kit-learn.

When a company requires BI & Big Data Consulting, it can choose to engage with specialized IT companies or digital agencies. Specialized IT companies often possess deep expertise in data management, analytics, and Big Data technologies. Digital agencies, on the other hand, may offer a broader suite of digital services, including BI & Big Data Consulting, making them a great option for businesses seeking a comprehensive digital transformation.

Investing in BI & Big Data Consulting yields substantial benefits for businesses. These services enable companies to make data-driven decisions, identify untapped opportunities, and anticipate customer preferences more accurately. The ability to extract actionable insights from data helps optimize processes, reduce operational costs, and enhance overall efficiency. Additionally, data-driven decision-making empowers businesses to stay ahead of competitors, adapt to market trends, and drive innovation.

Selecting the right BI & Big Data Consulting partner is crucial for a successful project. Consider the following criteria: 

• Expertise and Experience: Look for a provider with a proven track record in delivering successful BI & Big Data projects and a strong understanding of your industry. 

• Scalability: Ensure the provider can handle the volume and complexity of your data as your business grows. 

• Customization: Seek a partner who can tailor solutions to match your unique business needs and objectives. 

• Security and Compliance: Verify that the provider adheres to industry security standards and data privacy regulations.

TechBehemoths.com is your one-stop platform for finding the best BI & Big Data Consulting companies. With over 697 companies listed across 45+ countries, the platform offers a vast selection of reliable consulting partners. TechBehemoths.com provides essential information such as client reviews, ratings, and detailed profiles, enabling you to make an informed decision and select the perfect BI & Big Data Consulting partner for your project.