Why Outsource Data Analytics?

DI Outsourcing Blog

In a rapidly changing world, data is fast becoming one of the most valuable business assets.

It has never been more important for businesses to be leveraging data and analytics to understand and respond to market changes, make data-driven decisions, enhance their product and service offering, operate more efficiently and gain a competitive advantage.

With internal teams focused on BAU, businesses often struggle to find the time to leverage data as effectively as they might like to – and this is where outsourcing can help.

Below we have outlined some of the key advantages that can be gained through outsourcing analytics.

  1. Get things done fast: By employing external analysts, you can avoid pulling internal resource away from other important work. External companies employ experts who know what to do, how to do it and how to manage time and outputs effectively to reach maximum value. Outsourcing gives you access to the most skilled and experienced resource, who are solely focused on the project at hand and experts at getting things done quickly to deliver business value.

     

  2. Invest in what you need, when you need it: By outsourcing analyst resource, you pay for the deliverable that your business needs without long-term investment in hiring permanent roles. In addition, by matching the right level of experience and seniority to the task, you can ensure you’re not overpaying for senior resource for tasks that may not require resource at that level.

     

  3. Tap into unique skills and expertise: By outsourcing analytics, you’re receiving a specialised set of skills and wealth of experience which you may not have internally or may not be able to justify as a full-time role. Outsourcing gives you the flexibility to tap in and out of resource skillset to meet specific project needs. By outsourcing, you’re able to match the right experience and the right skillset to the right job without having to hire long-term.

     

  4. Get results quickly: When you’re paying for a service, that service is associated with a deliverable. The same applies when you’re outsourcing analytics, the analyst is incentivised to reach the end goal and in return you receive optimal value for your investment. Analytics projects taken on by internal teams are often delayed and outputs deprioritised due to conflicting priorities and a need to focus on BAU tasks. Partnering with an external provider can help you get the results you are after quicker.

     

  5. Avoid the need to hire specialised skillsets: A challenge that many businesses face, especially those starting out on their data journey, is hiring and retaining a high calibere analytics skillset. It can be challenging to find the right people, with the right skillset and experience – sometimes you just don’t know what you’re looking for. It can also be challenging to retain good analytical talent, especially if the team is small and analysts feel there isn’t room for development. Through outsourcing, you get access to some of the best resource available with proven experience and capability, and remove the need to hire each specific skillset internally.

     

  6. Deliver better solutions: External analysts come in with a fresh perspective towards business problem solving. While internal teams might be concerned with why something might not work, or stuck thinking about the ‘old way’ of doing things, external parties can approach problems with a new way of thinking and are incentivised to find practical solutions.


Why Data Insight?

Data Insight is an analytics agency, offering a range of skills and experience in the field of data analytics.

We work hard to employ and retain the very best analytical talent and partner with clients to provide resource to help them get things done quicker and to an exceptionally high quality.

Our team have a broad range of experience and skillsets across analytical disciplines and industries. Partnering with us gives you the benefit of a flexible resource, so you can scale up and down as necessary, and access to the right skills and experience to meet your needs.

Considering outsourcing your analytics?

Get in touch with our expert team: donna.outram@datainsight.co.nz