Outsourcing a Team of Data Analyst: Benefits

In this day and age where we are facing new sets of healthcare challenges in the midst of a pandemic and disruption on economic climate brought by government mandated lockdowns, good data analytics is a must not only in healthcare organizations and companies but to all lines of businesses because they are primarily responsible for gathering information from various sources and interpret new patterns and trends. They help business owners create new strategies to ensure business continuity. Additionally, help conceptualizing industry-specific best practices through analyzing data gathered from vast sources.

But building a team of Data Analysts can be challenging because usually there is a limited pool of talent resulting in high labor cost.

To fully appreciate data analytics outsourcing, here are top 4 benefits:

Benefits:

Access to World-class Talent

Skilled and certified Data Analysts are now one of the most sought after professionals in every company. In the language of economics, when the demand is strong, the supply of people who can truly do this job well is so limited resulting in a shortage of applicants. This talent gap can be addressed by partnering with a trusted outsourcing partner who has access to world-class talent and has a well-established A+ recruitment process that can ensure in building a great, high-performing team in just 30-40 days.

Operational Cost Savings of up to 70%

And because of the limited talent pool, it is expected that these professionals belong to the higher salary grade. On the salary front, entry-level data analysts take home an average of $88,344 – $113,436 annually. But outsourcing can help you save up to 70% on not just labor cost but on full operational cost through a more cost effective recruitment and hiring, training, office space and utilities and even hardware and software needs of your business. With your partner’s expertise in the trade, they have access to a more affordable cost with efficiency and quality support service.

Try this Cost Savings Calculator to see compute the difference between hiring an in-house employee versus outsourcing one.

Industry Experience and Expertise

There is no substitute for experience in outsourcing. That’s why having a partner with a positive track record of industry & domain expertise for a good number of years as well as client partnership tenure alongside company reputation is crucial before making a partnership. Success rates such as a Net Promoter Score (NPS) of >60 assure you peace of mind because it is an indicator on how well the BPO is performing, how often they resolve issues, and if their clients are satisfied with their experience.

Well-established Information Security

Data Analytics is a crucial field because they gather company information which if not managed well, will result in major compromises, threats and risks. A good outsourcing partner knows exactly the importance of data security; they have a process exclusively made to ensure data privacy and avoid any cyberattacks. These can be reflected in third-party certifications and assessments by hiring people with the any of these certifications and proficiency in:

ISO 27001 and 9001 certified
GDPR Compliance
Certified Ethical Hacker (CEH)
CompTIA Security+
Certified Information System Security Professional (CISSP)
Certified Information Security Manager (CISM)
Other certifications

Lastly, they have their own information security to add another layer of protection for their clients.

In summary, the right outsourcing partner promises for the following:

Operational excellence
Build a great, high-performing R&D support team specifically designed for your security needs
Operational cost savings of up to 70%
ISO 27001 and 9001 certified, GDPR, HIPAA and DPA20212-compliant
71 Net Promoter Score: Sense of security and peace of mind

Partnership with Infinit-O

Infinit-O’s mission is to create endless opportunities for your company to realize its full potential.