Thames Water is a British utility tasked with managing water and wastewater services to more than 15 million customers located in the catchment area of the Thames River. This includes Greater London and the cities of Oxford, Swindon and Crawley. The utility operates 350 sewage works, 32 sludge treatment centers and supplies nearly a billion gallons of drinking water daily.
Back in 2016, Gartner produced its first research note on prescriptive analytics technology, the Forecast Snapshot of Prescriptive Analytics. Once again, River Logic was noted as one of the few major players that hold around 85% of the market share in the prescriptive technology space. The prescriptive analytics software market is set to reach $1.57 billion by 2021, with a 21% CAGR from 2016.
On May 23rd at the Gartner Supply Chain Executive Conference, we gave a 45-minute presentation entitled "The Next Frontier: Prescriptive Analytics for the Non-Data Scientist," presented by Ray Cline, former Global Industry Lead at CGI Oil & Gas and Gene Carlino, our very own Director of Sales.
Although I was in our speaking session the entire time, we heard from a handful of attendees that our session had about four times as many attendees as the other three speaking sessions that took place during the same time slot (hooray!).
The Corporate Planning and Performance Management technology market space is quickly growing, with many niche players and newcomers continuing to develop solutions in the space. Unlike Supply Chain solutions, which are still largely dominated by a few major players (despite their often inferior solution offerings), the corporate planning software market is not dominated by the typical large software vendors like SAP, Oracle and IBM.