Data-driven decision making has transformed from a simple option to a crucial necessity for organizations seeking to stay competitive. As the volume of available data continues to grow exponentially, companies that can effectively leverage this information gain a significant advantage over those that do not.
In the past, many organizations relied on their “intuition” when making decisions, as pointed out in an article by Harvard Business School, a concept that little by little has been left in the past because businessmen have seen data as a possibility to advance at a firm pace.
“Data collection and analysis has long played an important role in corporations and enterprise-level organizations (...) Today's largest and most successful organizations use data to their advantage when making decisions. high-impact business decisions”, they noted at Harvard.
In this article, you will see the benefits of data-driven decision making and also how an IT staff augmentation company can help you better analyze your data with business intelligence tools.
Greater demand for data analysis and companies with few specialized internal staff
Businesses that do not have specialized personnel in certain areas can seek support from outsourcing services such as IT staff augmentation. Currently, an external team can be outsourced to handle almost any function of a company, and data analysis is no exception and the demand for specialists in this area is increasing.
In fact, CIO magazine cited a 2017 report from Hexa Research stating that the data analytics outsourcing market will expand at a compound annual growth rate (CAGR) of more than 30 percent between 2016 and 2016. 2024.
“Businesses are gradually realizing the importance of analytics to maximize revenue and identify consumer choices, and not all organizations are equipped with the knowledge and resources necessary for effective data analysis”, they noted in the report. article.
The lack of specialization in data analysis continues to be one of the biggest impediments to carrying out this task by companies, they point out in a Forbes article, a problem that leaders can solve by hiring IT staff augmentation companies that have developers. of software specialized in data analysis or that handle this type of tools.
How an IT staff augmentation company can help you better analyze your data
This is where an IT staff augmentation company can play a crucial role. These companies provide specialized talent and technical resources to strengthen internal IT teams and address data analysis challenges more effectively.
We explore some key ways an IT staff augmentation team can help you better analyze your data.
Access to data scientists and analysts
These are software developers and engineers skilled at interpreting and analyzing data, capable of identifying trends and patterns that can inform critical business decisions. These professionals apply advanced statistics and machine learning techniques to develop predictive models and unravel complex insights from large data sets.
Management of specific data management platforms
The engineers who make up IT staff augmentation companies are trained in the newest data analysis platforms. They manage Big Data platforms, as well as Business Intelligence systems such as Tableau, Power BI and Looker that facilitate data visualization and the creation of interactive reports. Likewise, they use frameworks and platforms that allow developing and deploying machine learning models for predictive and prescriptive analysis.
More efficient data collection
IT staff augmentation teams are able to develop data pipelines, establishing efficient workflows for data collection, cleaning and processing. They also consolidate data from multiple sources into a coherent and accessible platform. They are also working on implementing automated processes that reduce the time and resources required for routine data analysis.
An IT staff augmentation company can provide companies with the resources necessary to significantly improve their data analysis capabilities. From access to specialized talent and implementation of advanced technologies, to process optimization and flexible scalability, these companies are invaluable partners for any organization looking to harness the power of their data to make informed and strategic decisions.
