Data enrichment services: The missing piece of the IT outsourcing jigsaw puzzle

The pain points for growing businesses and new starters are several, living in a world where the socio-economic landscape has been changing frequently even in geographic locations with a higher per capita income. The globalization of technology has turned the world into a breeding ground for businesses, however, to maintain one, reliance on off-shore resources has become necessary to survive. Also in today’s age, the importance of suitable data cannot be stressed enough on as understanding any market background and finding a way to thrive in it has become a game of numbers and insights.

Data acquisition works but more needs to be done

IT outsourcing services like data acquisition are utilized by organizations to bring supposedly useful market data in their resource pool, however, data acquisition is just the beginning. Accumulating enormous amounts of data without proper categorization and specification is akin to creating a data wasteland. The data a business collects still needs to go through proper sorting and identification so that what is useful, what might be useful and what’s not useful can be figured out easily. If this conundrum is solved, naturally the burden on any company’s database would be eased and only needed data resources will be acquired and utilized.

Data enrichment makes procurement of resources worthwhile

For instance, if a company by means of IT outsourcing services gets access to market specific data provisions, with the help of data enrichment services, the process can become more detailed, insightful and lesser error-prone. Enriching data involves distribution, categorization, isolation, arrangement according to standard formats and de-duplication so that the output is filtered data which would be ideal to use in a company’s database.

Filtered and readily usable data is no longer a luxury when outsourced

As an in-house process data enrichment wouldn’t be feasible given the number of assets an agency with entirely different core competencies has at their disposal. As long as processes like this are easily outsourced, It is pointless to spend huge sums on raising a data enrichment team and having them trained, besides also having to provide them with the necessary infrastructure and technical resources to carry out their work. By outsourcing data enrichment services the fundamental issue of gaining access to useful data for businesses meets the perfect resolution.

Ensuring that the data your organization acquires is fit to use, has to be a prerequisite to creating a business strategy, as it can have a significant impact on the outcome of your strategies when put into action.   

To find out more about IT outsourcing and data enrichment, write to us at info@suntecindia.com

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Created on May 11th 2018 04:36. Viewed 616 times.

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