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Experfy

Experfy

Harvard-Backed Experfy Disrupts Big Data Consulting

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Company Overview

Experfy, based in Harvard Innovation Lab, is a big data consulting marketplace where enterprises hire vetted experts and vendors for their data, analytics and business intelligence projects. All experts undergo a rigorous application process to demonstrate both technical expertise and domain knowledge. Experfy's proprietary data platform, tools and processes support repeatable projects and use-cases in specific verticals. Experfy provides a self-service model for smaller companies and a high-touch concierge service with project management for larger enterprises. Based on the repeatable use-cases that we are seeing and demand for accelerators, Experfy platform is being expanded to offer a big data apps marketplace as well. Clients looking for a specific solution can begin with purchasing an app and then hire a developer on Experfy to customize it for their needs.

PROBLEM
According to a McKinsey study, in 2018, there is a projected scarcity of 190,000 data scientists and 1.5 million managers and analysts in the US alone. As the data in the world continues to double every 18 months, this scarcity will continue to increase. Experfy enables both small and large organizations to find high-quality vetted data experts at affordable prices. On an average, each project on Experfy receives ten proposals. A list of projects is available here: https://www.experfy.com/projects/category

BUSINESS MODEL
Experfy charges a 20% commission on each transaction, with listings as a key driver of revenue for talent procured from its marketplace. Expert Advisory panels are subscription based at $999 per month with roughly 50% coming to Experfy.

Traction

  • 5,000+ data experts with 1,000+ vetted and active; growing 5% week over week

    March, 2015
  • Management team led by former execs from Citigroup and KPMG; Harvard and MIT alumni

    March, 2015
  • 70% of projects are picked up averaging $10,000 at $150 per hour

    March, 2015
  • A $3 billion consulting firm signed-up as a client and a channel partner

    March, 2015

Testimonials

Peter Diamandis
Peter Diamandis
XPRIZE & Singularity University
"Today’s hottest companies are all data-driven. The Experfy team has developed an ecosystem that allows businesses and highly qualified data-scientists to connect and develop powerful algorithms that can deliver 10x or 100x performance and growth. Watch this company closely."
Stephanie Walden
Stephanie Walden
Mashable
"What distinguishes Experfy from other freelancer-oriented services is that the platform performs an extensive vetting process for applicants, which yields the highest quality professionals and companies."
Scott Kirsner
Scott Kirsner
BetaBoston, The Boston Globe
"Today’s options for finding someone to analyze a large data set involves either searching on LinkedIn or using a “generic” freelance marketplace like oDesk or Elance. Experfy makes available MIT professors and former Google employees willing to do some work on the side."
Harpreet Singh
Harpreet Singh
Co-Founder at Experfy, Harvard Innovation Lab
"Experfy has the first mover advantage with its large pool of vetted data scientists, platform and solutions. Experfy’s experienced management team is building an ecosystem that will enable it to become a market leader in the big data space."
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