6 Data Mining Consulting Business Success Stories [2023]

6 Data Mining Consulting Business Success Stories [2023]
Start A Data Mining Consulting Business

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.

Here are some real life success stories of starting a data mining consulting business:

1. Addepto ($1.26M/year)

Edwin (from Warsaw, Poland) started Addepto almost 5 years ago.

$105K / month
2 founders / 25 employees

Case Study

Hi, my name is Edwin Lisowski and I am a co-founder and a CTO of Addepto.

Addepto founders: on the left - Edwin Lisowski (CTO), on the right - Artur Haponik (CEO)


2. DAtAnchor ($360K/year)

Enable data to protect itself

Emre Koksal (from Remote) started DAtAnchor ago.

$30K / month

Case Study

Enable data to protect itself

Learn more about starting a data mining consulting business:

Where to start?

-> How much does it cost to start a data mining consulting business?
-> Pros and cons of a data mining consulting business

Need inspiration?

-> Examples of established data mining consulting business

Other resources

-> Data mining consulting business tips

4. Trust Insights ($480K/year)

Katie Robbert (from Boston, MA, USA) started Trust Insights about 5 years ago.

$40K / month
2 founders / 0 employees

Case Study

Hi, I’m Katie and I’m the CEO of Trust Insights. I co-founded this company in 2017 with my business partner Christopher S. Penn. Trust Insights is a consultancy that focuses on digital marketing, data analysis, and change management. We started the company as a reaction to what we were seeing in the marketing industry. There are a lot of marketers, and other professionals, that state they are “data-driven” but don’t make decisions with data. This is where we come in.

A big issue I saw with the consulting industry as a whole was a lack of transparency. Everyone is so tight-lipped about how things are done, with this fear that we’re going to steal each other’s secrets. I wanted to change that, change that culture and change that for our clients. We use a lot of Artificial Intelligence and Machine Learning to do our analysis and there are very few resources that help non-technical people understand what’s going on and how the technology works. I wanted to change that conversation. I am not a data scientist like my co-founder, so I saw an opportunity to be a voice for those that are intimidated by advanced technology. I spend a lot of my time teaching and educating people not only on what we do but how we do it and how they could do it themselves.


5. Data Excavator ($48K/year)

Vitaly (from Tbilisi, Georgia) started Data Excavator almost 4 years ago.

$4K / month
1 founders / 2 employees

Case Study

Hi! My name is Vitaly, and I am a programmer. More precisely - a programmer and an entrepreneur. On one hand, I just love programming (15 years in PHP, JS, C#, C++, MySQL, and PostgreSQL). On the other hand, I hate doing it.

And while there are many opinions about the ethics of scraping, scraping applications remain a needed and sought-after product. I'm not saying that copying other people's content is fun or useful. But I can say that in many cases, scraping benefits everyone involved in the commodity-money relationship. Without detriment or problems for any of them. So, our story will be just about the bright side of data processing. Here we go!


Pat Walls,  Founder of Starter Story
Want to find more ideas that make money?

Hey! 👋 I'm Pat Walls, the founder of Starter Story.

Get our 5-minute email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.