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Procurement Market Intelligence Report

Data Mining Consulting Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Data Mining Consulting Services?

What is the average price of Data Mining Consulting Services?

This procurement report includes pricing information to help you purchase Data Mining Consulting Services. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Data Mining Consulting Services been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Data Mining Consulting Services yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Data Mining Consulting Services?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Data Mining Consulting Services with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase Data Mining Consulting Services?

There is a low level of market share concentration in the data mining consulting service market, with the top four suppliers representing less than 30.0% of total market revenue. Low market concentration indicates that the market is highly fragmented. In 2019, there are an estimated 780 suppliers of data mining... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Accuracy

How do you ensure the accuracy and quality of your service? What systems, tools or software do you have in place to minimize the number of errors? How often are these systems checked and updated?

What checks and balances are in place to be sure that my project has received a thorough evaluation? Who completes these checks and identifies errors?

Who normally identifies errors when they occur?

How do you balance quick turnaround times while maintaining the maximum possible accuracy?

Value-Added Services

What value-added services do you provide? How will including value-added services impact pricing?

Do you offer a free trial period or demo to test out your services?

Do you offer discounts for bundled services? If so, what are the terms?

What partnerships do you have? How do your clients benefit from these relationships?

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Key elements for every RFP

What should my Data Mining Consulting Services RFP include?

Project Budget

Buyers should state the type of pricing model they prefer to use, whether fixed, monthly, weekly or hourly.

Buyers should inquire about other possible fees or expenses such as travel, lodging and materials.

Selection Criteria

Buyers should heavily consider the relevant experience of a supplier.

Buyers should weigh the proposed strategy of a supplier and ensure it fits best with their company goals.

Buyers should evaluate the level of customer service of a supplier, which can be assessed through past client references.

Buyers should consider what other related services a supplier can offer because this varies widely across the industry.

For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should include the date when proposals are due, dates for interviews and when the bid will be awarded.

Buyers should include the date of the beginning of services, and any options for the renewal of services.

Evaluate major factors to mitigate risk

How risky is the Data Mining Consulting Services supply chain?

The supply chain risk for data mining consulting services is low. Because the majority of the operating costs for suppliers are attributed to wages, suppliers face little risk from upstream suppliers. While there is some risk that upstream domestic computer manufacturers will go out of business due to high competition... Subscribe to learn more.

HIGH

MEDIUM

LOW