Data Mining Consulting Business

3 Data Mining Consulting Business Success Stories [2024]

Pat Walls

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Updated: October 7th, 2024

Data mining consultants extract information to uncover hidden patterns, market trends, customer preferences, and other critical business information. Data mining applications include:

Financial data analysis
Retail industry
Telecommunication industry
Biological data analysis
Intrusion detection

Are you looking for a well-paying business opportunity in the data science field? Consider becoming a data mining consultant.

In this list, you'll find real-world data mining consulting business success stories and very profitable examples of starting a data mining consulting business that makes money.

1. Addepto ($1.26M/year)

Addepto, a leading AI consulting firm, was founded by Edwin Lisowski and Artur Haponik. With their shared passion for new technologies, they recognized the potential of AI-driven solutions for businesses and decided to start a company that offers customized data-driven solutions. Over the years, their focus on providing high-quality services and building a strong brand image has helped them attract and retain customers, leading to their remarkable success in the industry.

How much money it makes: $1.26M/year
How much did it cost to start: $30K
How many people on the team: 25

We Built A $1.26M/Year AI Consulting Business [Over 30 Employees]

Addepto is an AI consulting business that has grown to over 30 employees and generated $1.26 million per year by offering customized solutions to clients, minimizing business risks with AI, integrating data from multiple sources, and optimizing logistic processes.

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2. Trust Insights ($480K/year)

Katie, the CEO of Trust Insights, co-founded the company in 2017 after noticing a lack of transparency and understanding in the marketing industry when it came to data analysis. She wanted to change the culture and be a voice for those intimidated by advanced technology, focusing on marrying data analysis with change management. Through their services and customer relationships, Trust Insights has been successful in retaining long-term clients and building a community through their Free Slack Community, Analytics for Marketers.

How much money it makes: $480K/year
How much did it cost to start: $2K
How many people on the team: 0

We Created A Data-Focused Agency & Grew It To $40K/Month

Trust Insights is a digital marketing consultancy that focuses on data analysis, utilizing Artificial Intelligence to solve problems and help businesses understand how to use their data to their advantage, with a free Slack community that boasts over 2,500 members and a weekly email with over 20,000 subscribers.

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Read by 3,627 founders

3. Data Excavator ($48K/year)

Vitaly, a programmer and entrepreneur, came up with the idea for Data Excavator while working on a project to create a catalog of automobile oils. Frustrated with the difficulty of obtaining data from manufacturers, he developed a prototype that could scrape information from websites using CSS selectors. The prototype proved successful, allowing him to collect the desired database in just a few hours.

How much money it makes: $48K/year
How much did it cost to start: $30K
How many people on the team: 2

How Selling Motor Oil Led Me To Create A $48K/Year Web Scraping Tool

Vitaly, a programmer and entrepreneur, accidentally created a data scraping app while working on a different startup that has since compiled energy-efficient databases of about 500,000 goods used by five large companies and many small ones, with monthly sales of over $100 million.

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Read by 2,684 founders