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Write a 1 page essay on Biggest Advantage of Using Outsourcing for Data Analytics Project.The researcher states that the biggest risk around outsourcing resources for a business analytics projects is
Write a 1 page essay on Biggest Advantage of Using Outsourcing for Data Analytics Project.
The researcher states that the biggest risk around outsourcing resources for a business analytics projects is the loss of control that is associated with outsourcing data analytics projects. When an organization outsources a high stakes data analytics projects to a third party entity, there exists doubt on whether the project will be properly executed with regard to quality standards and if it will be delivered on time. This also includes security concerns. will the organization’s data be safe in the hands of third party firms? Can the analytics firm be trusted with confidential data?
The researcher’s first consideration would be on the eligibility of the analytics project for outsourcing, with careful regard of the current circumstances, requirements, expectations, cost and nature of the project. Some projects may not be worth outsourcing if they can be properly executed internally, these can be done by the organization’s employees. Others may have lower returns than the value of investment if outsourced. these can also be developed internally. Lastly, the nature of the project and its requirements may necessitate the use of skills and services that can only be obtained in an outsourced environment.
