Accessing, managing, and analyzing data in real-time is an essential part of a company’s workflow, whether it’s a small or an enterprise one.

Data-as-a-Service (DaaS) solutions give companies easy access to data through clouds and APIs. They also help streamline data management and turn it into insights that drive effective decision-making.

However, the market is filled with different options. Some follow the all-in-one approach, while others are specialized for different industries or cater to companies of specific sizes.

To save you from research overwhelm, we’ve done some digging and rounded up the six best data as a service providers. 

Veridion 

Starting off the list is our AI-powered solution trusted by procurement, risk, insurance, and sustainability teams. 

What makes Veridion a great candidate for your data needs is, firstly, the vast amount of data it provides.

It covers over 130 million companies across 250 countries, including private equity firms, suppliers, and SMEs, including micro businesses that most providers miss. 

But the data isn’t static. Our AI algorithms update it on a weekly basis, so it’s always fresh and accurate. 

Source: Veridion

Also, we provide granular insight into company characteristics like:

• firmographics
• industry classifications
• ESG policies
• compliance policies

This level of detail gives you a holistic view of any company, whether it’s a vendor, client, or partner. 

Just take a look at how much location-specific data we can provide you with.

Source: Veridion

Unlike some other solutions that rely on third-party data, Veridion uses a proprietary method for  AI-based extraction of company data from official websites and legal registries.

The data is then verified through trusted channels like social media, public filings, and news feeds.

In other words, the very end-to-end data pipeline is built by us, so we can control each stage of the data’s “journey” to you. 

Also, through client feedback loops and machine-learning enrichment, we make sure the data stays relevant, safe, and accurate. 

Source: Veridion

When it comes to security and compliance, we take them seriously.

That’s why we employ measures that ensure the delivered data is always transparent, safe, and compliant.

Source: Veridion

We’re fully compliant with GDPR, CCPA, and other major data privacy frameworks.

To get access to over 60 data points from around the world, all it takes is to integrate our API with your products.

You can connect Veridion data directly with existing BI tools, analytics workflows, market intelligence platforms, or internal data lakes. 

Do you think Veridion is right up your alley?

Take full advantage of our free data consultation, or download a free data sample. 

Crunchbase

Running a successful business also means being able to predict trends or spot new business opportunities. 

How to do it effectively? The answer isn’t a crystal ball, but high-quality data.

Crunchbase’s solution generates nearly 100 thousand business predictions per month.

This is done by combining live private company data and market activity from 80+ million users. 

The data is then analyzed and extrapolated by proprietary AI technology that uses over 400 algorithms.

Source: Crunchbase

However, their company dataset is smaller in scope than Veridion’s: users can look up over 4 million private companies.

Unlike Veridion, Crunchbase uses a combination of first and third-party data. Data is provided by their venture partners, government filings, the internet, investors, and employees. 

Source: Crunchbase

Their Venture Program includes more than 4,000+ members.

These partners submit monthly portfolio updates to Crunchbase in exchange for access to its data.

However, in case a partner doesn’t update their data on time, users can potentially get outdated or inaccurate data. 

In addition to these manual submissions, however, Crunchbase also relies on AI and machine learning to update its database, just like Veridion.

When it comes to data privacy and compliance, this provider is Service Organization Control 2 (SOC 2) Type II, GDPR, and CCPA compliant.

You can take advantage of this powerful tool through software (Crunchbase Business) or their API.

Source: Crunchbase

Users love Crunchbase’s smooth access to important data, great company macro view, and additional filters that give deeper insights. 

However, some highlight the fact that it’s harder to access relevant and up-to-date information about small and new businesses.

Source: G2

In terms of pricing, Crunchbase offers three product tiers. 

Plans start from $79.00 and $199.00, respectively. But they also offer custom-priced plans. 

Overall, Crunchbase is a great choice for mid-sized to big companies looking to leverage fresh data and be ahead of others on the market. 

D&B Connect

Founded in 1841, Dun & Bradstreet, or D&B for short, are veterans of the financial world and also top tier at providing high-quality data.

Their D&B Connect solution is a data management and master-data platform that helps enterprises unify, clean, enrich, and manage business data across systems.  

With over 600 million global companies in their database and more than 2 500 attributes and proprietary analytics, this solution is one of the most data-robust ones on our list. 

Source: D&B Connect

Their data is hosted on the Dun & Bradstreet Data Cloud, a massive, AI-driven, and continuously updated digital repository. 

Source: D&B Connect

When it comes to updates, D&B Connect updates data on a daily basis, which gives it an upper hand over Veridion’s weekly updates. 

Their data solutions are based on a company’s size. 

Smaller companies use D&B Connect Essentials, middle ones Discover, while large enterprises may find that Manage fits their needs best. 

Like Veridion, D&B Connect handles data enrichment based on over 1,600 licensed insights from the Dun & Bradstreet Data Cloud.

Source: D&B Connect

To keep the data fresh and relevant for companies, D&B Connect uses machine learning that automates this process.

It also helps cluster similar records, identify linkages between the same system entities, and resolve duplicates. 

Users praise the software’s intuitive interface, smooth data visualisations, and deep insight into financial data. 

Source: G2

However, some reviews highlight the steep learning curve of more advanced features and find it pricey for smaller businesses.  

D&B Connect offers custom enterprise pricing and a free trial. 

To sum up, D&B Connect is best for financial enterprises reliant on the newest data and in-depth financial analytics for their workflows. 

FactSet

If you’re looking for DaaS solutions specialized in finance, look no further than FactSet.

This company offers more than 10 different solutions for specific needs, including those that unify disparate sources of information, historical financial statements, and data on supply chain relationships.

Users can also monitor global markets, research public and private companies, and access reports that include financials, estimates, debt, or ownership information.

The infographic below shows just how much different data users can access. 

Source: FactSet

These types of data solutions are perfect for players in the finance sector, like wealth managers, banks, private equity firms, or investors.

They cover over 86,000 global companies, which users can gain access to through 100+ third-party and 40 proprietary datasets.

Their solutions are powered by an ML data model that links permanently to entity identifiers to enhance scalability, transparency, and data integrity across a business.

Source: FactSet

Unlike D&B Connect, which relies on its own cloud, FactSet delivers first and third-party data through major cloud providers, APIs, and a direct, localized delivery of standard data feeds. 

However, relying on various sources may lead to various issues down the line, like inconsistency or data inaccuracy and higher security risks. 

Not to mention how monitoring and managing all this can eat into team focus and negatively impact important decisions.

Online user feedback highlights the software’s great Excel integration, a very friendly user interface, especially when using it as a company overview. 

Source: Capterra

Their official website doesn’t list any pricing because it depends on a business’s needs and scope. 

However, the good news is that interested users can take FactSet for a spin in a free trial. 

Tracxn

Tracxn is an AI-powered company specializing in tracking startup ecosystems and innovation trends across millions of companies worldwide.

Below you can see a sample of their data on European startups.

Source: Tracxn

Users can also customize their datasets grouped by sectors, geographies, or investor types.

Source: Tracxn

Aside from catering to private companies, Tracxn’s data solutions can also be used by startups, universities, publications, and journalists.

• Venture Capital Funds
• Private Equity Funds
• Incubators
• Investment Banks
• CorpDev & M&A Teams
• Corporate Innovation
• Startup Founders
• Sales Teams
• Journalists & Publications
• Universities

They cover over three thousand data feeds across various industries and sectors, with a presence in more than 50+ countries. 

To keep their data fresh and accurate on a daily basis, Tracxn uses a combination of AI automation, human expert validation, and direct feedback from users.

Source: Tracxn  

Specific price tiers are not available on the official website, but users can choose between different packs, depending on whether they use the data for internal research or building commercial tools. 

So, if you want to speed up your startup scouting and take a deeper dive into emerging markets, Tracxn is the way to go. 

S&P Capital IQ Pro

S&P Global is one of the most famous and strongest names in the business world.

With their subsidiary’s S&P Capital IQ Pro solution, you can tap into a massive global database.

Source: S&P Capital IQ Pro

This solution contains comprehensive data on over 109,000 public companies and more than 50 million private ones, including financials, ownership, transactions, and industry metrics.

Source: S&P Capital IQ Pro

This solution also relies on proprietary and third-party data – from S&P Global’s own ratings and Trucost ESG data to Panjiva supply chain intelligence and Crunchbase’s funding data.

Also, it’s integrated with an AI assistant, which can be used for faster and easier research of IQ Pro’s features or an in-depth data analysis. 

However, a solution of this type of scope and detail may feel overwhelming for smaller companies. 

But, for users from larger companies, this solution provides comprehensive financial data and easy integration with other workflow tools like Excel or PowerPoint.

Source: Trust Radius

Overall, this solution is a compelling choice for enterprises and institutional buyers because of its analytical depth. 

To see S&P Capital IQ Pro in action, request a demo on its official website.

Conclusion

As you’ve seen, the DaaS market is full of various options, from solutions that leverage data for market predictions to those that cater to specific industries.

When choosing the best solution for your business, it’s important to be crystal clear on your company’s goals and needs. That way, it’ll be easier to get the most out of your solution of choice.

Most of the providers we’ve covered have free trials, so you can test the waters before making a commitment.

Integrating your internal and external data through DaaS tools will eventually translate into better business results and cement your position in your industry.