Data Science and Analytics Outsourcing – Vendors, Models, Steps

Data-driven business processes are not a nice-to-have but a need-to-have capability today. So, if you’re an executive, manager, or team leader, one of your toughest assignments is managing and organizing your analytics and reporting initiative.

The days of business as usual are over.  Data generation costs are falling everyday.  The cost of collection and storage is also falling.  The speed of insight-to-action business requirement is increasing.  Systems of Record, Systems of Engagement, Systems of Insight are being transformed with consumerization and digital.

With this tsunami of data and new applications, the bottleneck is clearly shifting from transaction processing to Analytics & Insight-driven “sense-and-respond” Action. This slide from IBM’s Investor Briefing summarizes the data-driven transformation underway in most businesses.

Better/Faster/Cheaper Analytics Execution