4 Data Mining Consulting Business Success Stories [2022]

4 Data Mining Consulting Business Success Stories [2022]
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 over 4 years ago.

Revenue
$105K / month
Team
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)

we-built-a-1-26m-year-ai-consulting-business-over-30-employees

2. DAtAnchor ($360K/year)

Enable data to protect itself

Emre Koksal (from Remote) started DAtAnchor ago.

Revenue
$30K / month

Case Study

Enable data to protect itself

3. Trust Insights ($480K/year)

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

Revenue
$40K / month
Team
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.

we-created-a-data-focused-agency-grew-it-to-40k-month

4. Data Excavator ($48K/year)

Vitaly (from Tbilisi, Georgia) started Data Excavator over 3 years ago.

Revenue
$4K / month
Team
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!

how-selling-motor-oil-led-me-to-create-a-48k-year-web-scraping-tool

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

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

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