Outsource data science services companies offer all types of IT and business functions, including strategic ones. Increasingly, data analytics is also being outsourced, one of the most competitive technological areas.
For outsourcing, a service provider is hired to analyze the data provided to him. Research shows that the demand for this type of service is on the rise.
A 2017 report by consultancy Hexa Research indicates that the global data analytics outsourcing market will grow more than 30% annually from 2016 to 2024, with sales exceeding $ 6 billion by the end of that period.
Also Read: Benefits of Outsourcing IT support
A high-profile outsourcing service provider has worked with numerous clients from various industries around the world. And with every client who entrusts the development of their solution or data analysis to a supplier, the outsourcing team gains more hands-on experience.
We left the most obvious one for last. Yes, outsourcing is more cost-effective than recruiting, training, and maintaining full-time employees. But this is not because external data analysts have low skills. The number one reason why outsourcing is cheaper than hiring from home is the cheaper cost of living in these countries. That’s all.
There are times when the temporary outsourcing of part of the financial functions can help or even save the company. Typical cases of this type of financial outsourcing:
For many companies, especially small and medium-sized companies, outsourcing financial functions is beneficial. In this case, most often, Accountor data analysis consultancy takes over financial functions on an ongoing basis, remotely, or at the customer’s office. The advantages of this type of outsourcing:
If you’re already acquainted with Python, Pandas, and NumPy, you can begin studying operating databases and parsing info.
Although NoSQL and Hadoop already have their origins in data science, it’s important to be able to compose and run system SQL doubts.
To be a great data scientist, you require an understanding of how to treat and retrieve data from these databases.