The market for data analytics outsourcing is set to grow to $5.9bn by 2020, according to a report from Allied Market Research.
According to the report, entitled “World Data Analytics Outsourcing – Market Opportunities and Forecasts, 2014-2020”, the market’s CAGR will be 5.9% per annum.
The reason is that enterprises are generating more and more data and the Big Data market is growing as a result. Mobile devices are fueling this data explosion further as individuals put comments and data out into the world from wherever they are. Unfortunately – unless you’re one of the specialists selling services – the tools to make this data into something useful are not easy to master and are often unavailable in house.
So outsourcing is the answer for many enterprises wanting to take full advantage of strategic decision making and of course reduced costs as a result.
The report also notes a shift from descriptive analytics to more advanced models such as predictive analytics.
For more details: http://www.professionaloutsourcingmagazine.net/newsitems/data-analytics-outsourcing-to-grow
According to the report, entitled “World Data Analytics Outsourcing – Market Opportunities and Forecasts, 2014-2020”, the market’s CAGR will be 5.9% per annum.
The reason is that enterprises are generating more and more data and the Big Data market is growing as a result. Mobile devices are fueling this data explosion further as individuals put comments and data out into the world from wherever they are. Unfortunately – unless you’re one of the specialists selling services – the tools to make this data into something useful are not easy to master and are often unavailable in house.
So outsourcing is the answer for many enterprises wanting to take full advantage of strategic decision making and of course reduced costs as a result.
The report also notes a shift from descriptive analytics to more advanced models such as predictive analytics.
For more details: http://www.professionaloutsourcingmagazine.net/newsitems/data-analytics-outsourcing-to-grow
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