
Solutions Architect vs. Software Engineer
Two Sides of the Same Coin As you probably well know, the software development life
Data analytics is a valuable tool that can help you cut costs, increase revenue, improve productivity, and raise customer loyalty. And it can happen with data you already collect from a wide variety of sources, both in-house and online.Â
When you decide to pursue data analytics, keep in mind the question of who should perform it. While some data analytics applications run automatically, and others can be operated by anyone with a small amount of training, others still require the supervision of a professional data analyst. You may choose to hire someone to fulfill this role within your company, or you may choose to outsource this task.Â
Data analytics outsourcing from a trusted company like BairesDev can be the perfect way to obtain the insights you seek without having to hire or train someone in-house to do the work. This approach offers many benefits, as we explore below. But, first, a bit more about what data analytics is and why outsourcing is a smart approach.
Data analytics is the process of examining data from a variety of sources to find insights and trends that can help you make the best business decisions. While it can be performed manually on small amounts of data, the rise of big data has made that approach much less practical. Data analytics relies on numerous data sources, such as applications used to manage internal operations like inventory and customer relationships, as well as web and social media searches.Â
The results of data analytics processes are different for each industry. For example, manufacturing companies want conclusions about their equipment, such as how long it runs, how long it’s down due to technical problems, and how much work it can take on. With this kind of information, operators can increase efficiency by planning ahead for downtime or designing employee schedules accordingly.
Sales teams rely on data analytics to sort through customer information and return insights about ongoing or emerging trends. This information can be used to approach those most likely to buy. It can also be shared with the marketing team to develop highly targeted promotions.
Recent trends in data analytics enable this already highly-useful system to be even more so. For example, augmented analytics enables users to set an automated process for searching for huge data streams and returning actionable insights. Blockchain technology enhances predictive analytics by verifying data validity, and continuous intelligence makes recommendations based on both historical and current data.Â
Data analytics outsourcing enables companies to get the work done without having to perform a talent search, onboard and hire a new employee, and pay benefits and salary even when the work slows down. With an outsourced option, the provider takes on all these responsibilities and you get to enjoy the benefits.Â
Outsourcing data analytics does have drawbacks, such as the risk of exposing sensitive company data, but there are ways to mitigate the disadvantages (such as implementing a nondisclosure agreement). Given that ability, the benefits listed here far outweigh the potential issues.Â
Two Sides of the Same Coin As you probably well know, the software development life
What Is Software Outsourcing? Software outsourcing takes place when companies choose to have custom software
Content Is King Maybe website analytics show that the level of visitor engagement with your
This content is blocked. Accept cookies to view the content.
By continuing to use this site, you agree to our cookie policy.