Full time data analyst or outsourcing of bi implementation?

In today’s market, outsourcing is a popular trend in many industries. Companies often outsource areas such as accounting, HR, and administration, as well as data analysis, data processing, Business Intelligence systems, and IT departments. This trend is becoming increasingly common, especially for dynamically developing companies that find outsourcing convenient and profitable.

What is outsourcing?

Outsourcing is a powerful tool that businesses can use to leverage external and internal resources together. By partnering with specialized companies, organizations can transfer specific tasks or entire departments, allowing them to focus on their core competencies. This approach can lead to increased efficiency and productivity, ultimately driving success and growth.

Outsourcing is a trend that has been prevailing for many years to transfer part or all departments to an external company specialized in a given field domain expertise.

Outsourcing is a trend that has been prevailing for many years to transfer part or all departments to an external company specialized in a given field.

Why do business owners choose outsourcing?

There are many reasons for choosing an outsourcing partner, which often depends on the size of the company and its approach to development, budget and the entire business.

Small businesses choose this solution because of the following:

  • Saving money – Adding new positions or departments can be costly for small businesses. However, outsourcing can lead to substantial savings, mainly when working with an online company. This eliminates the need to cover the expenses of a full-time employee, such as benefits and equipment, or finding more space to accommodate new team members.
  • Development and new opportunities – Outsourcing is an excellent option for business owners who want to grow their businesses. Suppose you want to create a website for your company. Does that mean you have to employ a programmer right away? Of course not! By outsourcing this activity to an external organization, you can have a website and not have to hire a new employee.
  • Time and Peace of Mind – Building a new department in a small business can be a daunting task that requires a considerable amount of time, effort, money, and stress. If you’re unsure whether it’s necessary, outsourcing may be a viable option. You can outsource tasks such as telephone customer service to an external company, eliminating the need to build and manage a team. Call centre specialists are skilled at communicating with people, allowing you to achieve your desired results with minimal effort.
  • A small amount of work – a small company usually means a small amount of work for a specialist. When you outsource activities, you don’t have to worry about someone not having anything to do, and you’ll pay for it.

For larger businesses, the above examples may also be of great importance, but as the company grows, the view on the goals and actions to be taken changes slightly. Therefore, in large enterprises, the willingness to cooperate with an external company may be related to other issues, which include:

  • Focus on goals and mission – the bigger the company, the more information, decisions, actions and people. At some stage, this multitude of data and responsibilities may cause the organization to lose the main goal of its actions when solving current tasks and problems. Delegating is an essential part of development as it allows you to stay on track.
  • Specialists and training – it is usually the case that the larger the company is, the more complex the tasks and the need to acquire better and better experts. Unfortunately, hiring a specialist means not only the costs incurred for their full-time job but also implementation and additional training. In addition, the number of outstanding experts is limited, especially in some industries, so that more people can use their services, they often decide to run their own business and operate based on outsourcing.
  • Breaks, lunches and coffees – the more people work in the company, the more time is spent on breaks. In a company employing, for example, 100 people, if each spends 2 hours a day on private telephone calls, meals, coffee and other such activities, then 200 hours of work are wasted on one day in your business, for which you pay. Outsourcing companies that settle with you based on hours worked certainly do not count the time spent on non-work related activities.

There are probably many more reasons why business owners decide to delegate specific tasks outside the available structure of their own team or company. Often, their motives result from other reasons, individual for a given industry or business. Nevertheless, this is a common phenomenon that will continue to grow in the coming years.

Whether you run a small business or a large enterprise, outsourcing tasks to external companies can help you stay in control of your business and focus on the purpose and mission of your business.

Whether you run a business or create an enterprise, delegating company tasks can help you stay in control of your business and focus on your purpose and running your business.

Can Business Intelligence solutions be implemented by external specialists?

Research shows that companies are already paying more attention to data analytics functions, but some of them still do not understand how it translates into their business outcomes and success. Simply pasting „some data” into Excel and creating a basic chart does not make an administration employee a data analyst. To achieve measurable financial results, the work of a skilled, data science analyst is required. Business data analysis and a collection of random data in the hands of a random employee are really two different worlds, between which there is a very long way.

Business Intelligence, i.e. highly specialized data analysis based on visual information provided in real-time, can be successfully implemented based on outsourcing. I would even be tempted to say that in some cases, not only „may” but even „should” be outsourced to an external company specializing in this field.

To ensure that your company is making informed decisions based on the most up-to-date information and data-driven actionable insights that will ultimately lead to significant profit growth, it is crucial to rely on top-notch Business Intelligence experts for the data governance and implementation within your organization. Employing a full-time Business Intelligence Developer can be costly, and attempting to train one independently may not yield the same advantages.

Datalize specializes in implementing Business Intelligence solutions and training teams to utilize the advantages of Microsoft PowerBI. If you want to have innovative solutions that incorporate up-to-date data analysis techniques, you can rely on the expertise of our company that offers such services. We will provide you with the necessary tools. This solution offers the best balance between the costs and the benefits that can be obtained in the future.

Business Intelligence class solutions can and often should be implemented through outsourcing. This is analytics outsourcing allows you to gain access to experts in the domain knowledge your industry and work as a team optimizing activities.

Business Intelligence class solutions can and often should be implemented through outsourcing. This allows you to gain access to experts in your industry and work as a team optimizing activities.

BI or Data Analytics Outsourcing – benefits

The world is only starting to take full advantage of the incredible power of business data analytics. In today’s world, information is highly valued for a good reason. With the help of bi tools, advanced analysis and expert interpretation, your business data analytics expertise can greatly benefit your company and improve its financial results.

Regardless of whether your company already has its own data analyst or you are just planning to implement BI tools, it is worth using a data analytics service provider or outsourcing with the help of a specialist company that is an expert in this field. Are you wondering what benefits business data analytics will bring you based on outsourcing? Here are some of them:

  • Access to the best specialists.
  • Your decisive data analyst without having to create a job for them.
  • Lower costs than when hiring an employee or an entire department.
  • Higher experience in the outsourcing company.
  • Possibility to implement the system by a professional and then train your team.
  • Using the knowledge and expertise of the group, not just one person.
  • Professional data management.
  • Data security, privacy and confidentiality.
  • Data driven decision making, improved decision making processes

Cooperating with a company that implements Business Intelligence tools is more profitable for businesses of all sizes. Employing a full-time data analyst can be costly in terms of training, implementation time, and employment expenses. With Datalize, you have access to advanced analytics due to industry experts without any delay.

One of the biggest benefits of outsourcing data analytics and implementing Business Intelligence through outsourcing is significant money savings.

One of the biggest benefits of implementing Business Intelligence through outsourcing is significant money savings.

Building BI competence in your own team

Are you wondering what it looks like when a data analyst is already in your team, but the tools you would like to implement are beyond their competence? In this case, the best solution will be to commission the implementation of MS Power BI tools to a Datalize expert, who will then train your data team employee. Your in house data analyst will learn BI and industry best practices and pass this knowledge on to other employees and management. This solution will save you time, money and allow you to get expert help in case of any problems or doubts.

The statement that information is today’s most valuable currency is definitely not a cliché but a noticeable fact of business processes. The sooner we realize this, the greater the competitive advantage significant growth and profits we can achieve.

The statement that information is today’s most valuable currency is definitely not a cliché but a noticeable fact. The sooner we realize this, the greater the competitive advantage and profits we are able to achieve.

It is not without reason that it is said that data science is the profession of the future, and information is currently the most valuable currency. The world is constantly evolving and changing, so we must adapt our actions to its pace. Data management is not an unnecessary „invention” of the present, it is a system that allows you to navigate the vast amount of valuable data that flows to your company. Transforming them into reliable information, quick access to data in the data warehouse, BI dashboards, interactive reports to which you have constant access from any mobile device, will allow you to maintain control over the company, choose the right direction in activities and stay on the course leading to success.

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