Incodes

Data Analytics Consultingicds.com.br

Incodes is a Brazilian enterprise data technology consultancy delivering custom Big Data, AI, Data Engineering, Data Science, BI, and IoT solutions, organized around its proprietary D.I.C.A. methodology, to large corporate clients across banking, retail, telecom, automotive, and pharma sectors.

Company typePrivate
Founded-
HeadquartersIndaiatuba, Brazil
Headcount101–250
GTM typeB2B
OfferingServices

What Incodes does

Incodes is a Brazilian data technology consulting firm headquartered in Indaiatuba, São Paulo, that delivers custom Big Data, Artificial Intelligence, Data Engineering, Data Science, Business Intelligence, and IoT solutions to large enterprise clients. The company operates a six-pillar service portfolio organized around its proprietary D.I.C.A. methodology (Dados-Informação-Conhecimento-Ação), a four-phase framework that guides engagements from raw data collection through to actionable business implementation. Reference implementations include end-to-end IoT monitoring architectures (custom sensors, MQTT messaging, AWS processing, PostgreSQL storage, WhatsApp alerting) and predictive analytics deployments in credit risk, predictive maintenance, and equipment monitoring.

The technology stack is multi-cloud and tool-agnostic, spanning AWS, Azure, and Google Cloud for infrastructure; Hadoop, Spark, and Databricks for data processing; TensorFlow, PyTorch, and scikit-learn for AI/ML; Power BI, Tableau, Looker, and Grafana for visualization; and Kubernetes, Docker, Redshift, S3, and Zabbix for supporting infrastructure. Incodes maintains custom IoT hardware design capability for specialized monitoring requirements, differentiating it from pure-play software consultancies. Documented enterprise clients include Itaú, Arcos Dorados, Refriplay, Via Varejo, Grupo Pão de Açúcar, TIM, Bristol Myers Squibb, and General Motors across banking, retail, QSR, telecom, pharma, and automotive sectors.

The business model is project-based professional services with quote-based pricing tailored to each engagement scope; revenue mechanics are not publicly disclosed. Go-to-market is direct enterprise sales driven through the company website contact form and personalized consultative engagement. The company operates with 188 employees in Brazil and does not disclose funding history, ownership structure, or revenue figures. Geographic footprint is concentrated in São Paulo state with no disclosed international expansion.

Incodes firmographics

Firmographics

Name: Incodes
Legal name: Incodes
Website: https://icds.com.br
Company type: Private
Operating status: Operating
Headcount range: 101–250 employees
Short description: Incodes is a Brazilian enterprise data technology consultancy delivering custom Big Data, AI, Data Engineering, Data Science, BI, and IoT solutions, organized around its proprietary D.I.C.A. methodology, to large corporate clients across banking, retail, telecom, automotive, and pharma sectors.
Ownership category
akta.pro rank

Incodes industry classification

Industry

Product category: Data Analytics Consulting
NAICS: Computer Systems Design and Related Services (54151), Computer Systems Design Services (541512)
SIC: Services-Computer Integrated Systems Design (7373), Services-Computer Programming, Data Processing, Etc. (7370)
akta.pro primary industry: Data Engineering, Integration & ETL/ELT Services (BPAEAHAB)

Keywords

Data consulting services
Big data engineering
Artificial intelligence solutions
IoT device development
Business intelligence dashboards

Where Incodes is headquartered

Location

Headquarters

HQ city: Indaiatuba
HQ country: Brazil
HQ region: Latin America

Offices1 record

Markets served

Incodes business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

Professional Consulting Services: Custom consulting engagements for Big Data, AI, Data Engineering, Data Science, Business Intelligence, and IoT solutions. Projects are tailored to client needs with deliverables including custom pipelines, algorithms, dashboards, and IoT devices. Revenue appears to be project-based with potential for ongoing retainer engagements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Incodes product offering

Product offering

Core offering

Incodes is a Brazilian data technology consultancy that designs and delivers custom Big Data, Artificial Intelligence, Data Engineering, Data Science, Business Intelligence, and IoT solutions for large enterprise clients. Engagements are structured around its proprietary D.I.C.A. methodology (Dados, Informação, Conhecimento, Ação) and a technology-agnostic approach, with deliverables ranging from data pipelines and ML algorithms to interactive dashboards and custom IoT sensors. Services are sold on a project/consulting basis through direct enterprise sales.

Product overview

Incodes is a data technology consulting firm offering six integrated service pillars organized around its proprietary D.I.C.A. methodology. The core portfolio spans Big Data, Artificial Intelligence, Data Engineering, Data Science, Business Intelligence, and IoT Solutions. These services are delivered through a technology-agnostic approach, selecting the most appropriate tools for each client's needs. The D.I.C.A. methodology provides a structured framework (Dados → Informação → Conhecimento → Ação) that connects raw data collection through to actionable implementations. Reference architectures include the Refriplay IoT Monitoring Solution demonstrating real-time sensor data processing via MQTT, AWS infrastructure, and predictive analytics capabilities.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

37% reduction in technical service calls
+5 more outcomes

Companies that use Incodes

Customer profile

Named customers8 records

Segments1 record

Ideal customer profiles1 record

Incodes technology and API

Technology

Technology focussed Yes

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability5 records

Feature3 records

Incodes partnerships and signals

Strategic signal

Scale indicators7 records

Recent moves3 records

Expansion highlights3 records

Incodes competitors and assessment

Company assessment

Direct peers

CI&T: Brazilian-born digital transformation consultancy delivering Big Data, AI, and cloud engineering services to large enterprises. Directly comparable business model, regional footprint, and target enterprise customers, operating at a substantially larger scale.
Globant: LATAM-headquartered digital and cognitive transformation firm with deep data and AI engineering practices. Comparable in service mix (data engineering, AI/ML, IoT) and enterprise customer focus, though operating at significantly larger scale.
Compass UOL: Brazilian digital transformation consultancy offering cloud, data engineering, and AI services to large enterprises. Closely aligned in technology stack (AWS, Azure, GCP), services offered, and enterprise customer profile.
Stefanini: Brazilian IT consultancy with a strong data, analytics, and IoT practice serving large enterprise clients across LATAM. Comparable in service portfolio (Big Data, AI, IoT, BI) and target customer base.

Broad incumbents

Accenture Brazil: Global professional services giant with a large Brazil presence and a Data & AI practice competing for the same enterprise transformation engagements. Overlaps with Incodes' offerings as part of a much broader portfolio.
Deloitte Brazil: Big Four consulting firm with a Brazil analytics and AI practice serving large enterprise clients. Comparable enterprise target market; broader advisory portfolio but covers the same data transformation space.
NTT Data Brasil: Global IT services provider with significant Brazilian operations delivering data, analytics, and cloud services. Competes for the same enterprise RFPs as Incodes but as part of a global delivery network.
Minsait (Indra) Brazil: Indra's Minsait unit provides data, analytics, and IoT services in Brazil and LATAM, often in industrial and telecom verticals. Comparable in IoT and predictive analytics capabilities, with a broader international delivery footprint.

Regional players

Nearsure: LATAM-based nearshore IT services firm with data engineering and AI capabilities serving US/European clients. Comparable in technical offerings and regional talent base, but primarily serves clients outside Brazil.

Emerging players

ADPList (Brazilian data consultancies cluster): B2ML is a smaller Brazilian data and AI consultancy serving mid-market and enterprise clients. Comparable in service mix (data engineering, AI, BI) but at smaller scale and earlier stage than Incodes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Incodes financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Incodes leadership team

Management profile

Number of profiles

Incodes funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Incodes M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Incodes

What does Incodes do?

Is Incodes a public or private company?

Incodes is a private company. It is classified as unknown and is currently operating.

When was Incodes founded?

Incodes was founded in -1. It employs 101 to 250 people.

Where is Incodes based?

Incodes is headquartered in Indaiatuba, Brazil, in the Latin America region.

How does Incodes make money?

One revenue line is on record: professional Consulting Services.

Who are Incodes's main competitors?

Direct peers on record are CI&T, Globant, Compass UOL and Stefanini. Broad incumbents are Accenture Brazil, Deloitte Brazil, NTT Data Brasil and Minsait (Indra) Brazil. Nearsure is listed as a regional player. ADPList (Brazilian data consultancies cluster) is listed as an emerging player.

Does Incodes have an API?

No public API is recorded for Incodes.

What industry is Incodes in?

Incodes's product category is Data Analytics Consulting. Its primary akta.pro industry code is BPAEAHAB, Data Engineering, Integration & ETL/ELT Services. Its NAICS code is 54151 and its SIC code is 7373.