As most CIOs continue to struggle with growing Data Analytics requirements and the abject shortage of Data Scientists, there is certain value to exploring external sourcing in the area. This assertion is based on the dual premises of availability of highly-skilled personnel in popular outsourcing destinations such as India along with niche expertise and products available from highly specialized service providers across the globe.
According to a report by McKinsey*, by 2018 US will face a shortage of 140,000 to 190,000 people with deep analytical skills representing ~40% of the total talent demand. Offshore analytics service providers can bridge this talent gap to provide skilled employees across geographies.
Employee costs account for 60%-70% of the total cost for analytics projects
Off-shoring provides a significant cost arbitrage with respect to salary costs
Alternatively, this gap can be bridged by internalizing locational advantages through the company’s own captive offshore center, which can then form Data Analytics Centers of Excellence (COE) for the entire organization
There are several small firms dotting the global IT provider landscape, that present viable analytics products, or super-specialized niche services that cannot be developed in-house and can potentially add value to organizations looking to enhance their Data Analytics capabilities.
More Details: Outsourcing Global Delivery | IT Offshoring and Outsourcing | Top IT Companies In India | Software Development Companies.
Employee costs account for 60%-70% of the total cost for analytics projects
Off-shoring provides a significant cost arbitrage with respect to salary costs
Alternatively, this gap can be bridged by internalizing locational advantages through the company’s own captive offshore center, which can then form Data Analytics Centers of Excellence (COE) for the entire organization
There are several small firms dotting the global IT provider landscape, that present viable analytics products, or super-specialized niche services that cannot be developed in-house and can potentially add value to organizations looking to enhance their Data Analytics capabilities.
More Details: Outsourcing Global Delivery | IT Offshoring and Outsourcing | Top IT Companies In India | Software Development Companies.
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