Choosing to outsource data science projects is growing in popularity across the business landscape, and data science is one of the tasks that can be outsourced to reap the most reward.
The application of data science can give a company a big advantage over competitors, providing them with in-depth knowledge to perform analytics and gain actionable insights from otherwise noisy or unstructured data. The task is a big one though, and businesses of all sizes are hiring an outsourcing team for data science as it can simply be much more cost-effective.
Here we take a closer look at the other benefits your business can enjoy as well as any inherent risks involved with choosing to outsource data science projects.
Benefits of Opting to Outsource Data Science Projects
Outsourcing data science immediately provides access to the top talent necessary for the task. This is a vital benefit as permanently recruiting professionals that have the exact skills and experience you need is very time consuming and expensive.
An outsourcing team will also be able to offer as much capacity and scalability as you need. You can scale up during a big push to complete a project and scale down when necessary to reduce costs.
Date science requires a wide range of tools for analyzing, organizing and visualizing data, and a specialist IT outsourcing team will have access to all these specialized data science tools required for the job.
One of the risks in the section mentioned below is that of data security, but a professional data science team will be experienced at handling the data of their clients. They will know how to implement reliable systematic management, organization and storage of all data across every platform.
Another benefit of outsourcing data science that is worth mentioning is the time it frees up for your in-house staff to focus on the other critical operations of your business.
Be Available for Each Other With Agile Methodology
The in-person agile methodology works so well for software development because everybody is right there able to help or contribute whenever it is needed. Remote teams must emulate this availability by staying connected and in communication with each other.
Some balancing of time will be necessary with regards to tasks requiring high amounts of focus, but this can be achieved with availability status notices that show when one teammate is concentrating on coding or another focus-intense development activity.
Collaboration is very important for remote agile methodology, so scheduled meetings to exchange ideas and update everyone is important. Also keep in mind that people communicate differently online than in person, and some may be more comfortable in the group chat than speaking via video.
Risks of Outsourcing Data Science
Data security is one of the big questions that companies have when considering outsourcing their data science projects. This issue can be overcome with some research and making sure you choose an outsourcing team that has plenty of customer testimonials and experience correctly managing the data of their clients.
Some outsourcing firms will take any and every job going and end up overloaded because of it. They may be the most reliable and accurate team out there, but if they have too much on their plate, then key deadlines could be missed. Overcome this issue by being upfront with the outsourcing team about your expectations, timeline and deadlines. Keeping in regular touch with them to ensure any difficulties are overcome quickly will also help.
Leading on from the last point, poor communication can lead to all sorts of problems. That’s why it is a good idea to opt for a nearshore company rather than an offshore firm.
Also, a good outsourcing team will want to get to know their client and how their business operates and the values and goals they are working toward. They should then work according to those same values and strive towards those same goals.
If you are interested in finding out more about outsourcing data science projects, please contact our team at +1 800 974 7219 ext. 202. Alternatively, complete the online form here.