Why Growing Tech Companies Should Outsource Data Science Teams

Any type of data can only turn into actionable insights when professionals such as a data science team interprets them. It is now a universal truth that the world is leveraging on information to create innovative solutions, identify trends, empower business management, and promote action plans that work.

For growing tech companies, having their own data science team helps them validate business decisions and serve as a guide to effectively utilize funding, increase overall business efficiency, and scale business effectively. Sorting volumes of data manually can cause statistical errors which impact projections and halt growth.

Since growing tech companies have limited financial resources, they should allocate budget wisely. One way to ensure that you can still have great, high-performance data science teams is through outsourcing. The right partner does not only build you a more cost effective team, but they have access to world-class data science talent despite the competitive job market. Their recruitment process can build you a team in only 30-45 days which supports your need to scale fast yet efficient.

But how do exactly a team of data science experts help with your growing company?

They help future-proof your business

With everything almost going digital, data analytics is reshaping the business landscape. For example, in 2019, the big banking analytics market reached approximately $30 billion and about 97.2% of organizations are making big data and AI investments.

Organizations around the globe are already incorporating extensive data processing and

strategies such as data science outsourcing, pushing for machine learning algorithms and management. While your business is still growing, investing in data science as early as now is a must so you can keep up with the changes in the business ecosystem and you can project future moves in your industry.

It’s important to note that poor data quality has cost the US economy up to $3.1 trillion yearly.

Guide leaders in decision making from quantifiable, data-driven evidence

Risk and uncertainties are ever present in businesses. But it can be mitigated if decisions are based on reliable data. Organizations that heavily rely on data are more likely to have significant improvements in decision making. Especially for growing companies, you can be more competitive if you rely on analytics.

Outsourcing your data science teams can help your leaders to be confident in data-driven decisions even with limited technical knowledge or background. In addition, with the right data science outsourcing partner, all other members of your company can work comfortably with data.

Performs comparative analysis so you are one step ahead your competitors

Comparative helps business leaders gain insights into how they are performing against their competitors. Through a team of data science experts, data, documents, processes, and other qualitative and quantitative factors are compared to assess performance and other business processes your company has with other organizations doing the same work with yours.

This also helps how your scaling company can revise or polish existing processes to achieve the most efficient solutions that can ensure growth. It enables you to track the most effective and suitable option available for your company. Your outsourced data science team can identify and address pressing issues at the soonest possible time.

They can walk you through your customer’s sentiments through analytics

The best way to grow your business is to understand your customers. Your outsourced data science team can track every time a customer mentions or interacts with your company through online reviews and feedback and can identify underlying emotions behind it.

One way they can do it is through Sentiment analysis, which is a tool used in marketing to understand the psyche of the consumers and how they view or feel about your brand, campaign, product, customer service, and more.

They can also use automation and analytics to evaluate the keywords’ tone, intent, and emotions in the post that mentions your company which then can be classified as either positive, negative, or neutral. Having this information at hand can help you steer your business in directions to increase brand awareness, enhance customer loyalty and satisfaction and more.

Integration of automation & business intelligence

Automation is the use of technology applications that can perform repetitive tasks freeing people to focus on higher value work. It can also process larger volumes of data and work with speed, accuracy and consistency resulting in more jobs done with less effort.

While business intelligence It offers a combination of business analytics, data mining, data visualization, data tools and infrastructure, and best practices to help organizations to make more data-driven decisions.

Data Science teams you can outsource:

Data Scientist
Data Associate
Data Engineer
Analytics Manager
Automation Specialist

Ultimately, choose an outsourcing provider that promises:

Collaborative partnership
Access to talent through their A+ recruitment process
Cost savings of up to 70%
Ability to scale quickly and predictively
Hitting milestones and targets
Adaptability in technological advancement
Established Information Security
Operational excellence
Information and data security
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.

We partner with the world’s fastest-growing tech companies who want to scale and advance their brand.

Demonstrated by our world-class Net Promoter Score of 71, we deliver the highest quality outsourcing services using our unique data driven approach – combining powerful technology and high performance teams within our highly-engaged and agile culture.

Our expertise includes CX, engineering, data science & analytics, sales & marketing, and back office services.

Start small. Exceed expectations. Think infinitely. Think Infinit-O.