Nowadays “Big Data” is not just another future concept. We are living it. The exponential growth of the data these days is unimaginable. Only in the last year, we created most of the existing data. Also, it is assumed that in the next five years or so, we will reach the capacity of more than two hundred zettabytes of the world’s data.

As we speak or write, data grows so much and so should our ability to manage them. Data science is the number one topic, the future present that businesses and companies are now turning their focus on. Their investments in this technology, if we may call it so, have raised the market value to around 7 billion dollars revenue each year, and after a couple of years, data science will reach its market value somewhere around 100 billion dollars. Do we now understand how big of a thing is this? But what does all this have to do with outsourcing? – Everything! Companies tending to transform their business most of the time lack resources to access such solutions. Having big data make decisions for them has transformed the way companies operate nowadays. This is where outsourcing kicks in. Organizations now outsource all types of services and IT functions, and data science and data analytics do take part in this as well. If a company is looking for a digital transformation, data science is one of the most important areas to focus on – and by outsourcing or delegating this transformation to other providers a company may benefit from access to experts who provide solutions and generate business growth. When it comes to professional IT services, you need a results-oriented, reliable IT partner. Look no further than Kosbit. Kosbit delivers innovative IT managed services, outsourcing services, and business processes that can transform your company.

How can businesses benefit from data science?

Before doing anything, before even existing, a business should know who are they serving? Who is the main benefiter from their service? At the end of the day, it is the customer. Knowing and understanding what customers want, their behavior, their preferences, is a key strategy for every business, from small to huge. Having such information beforehand can help your company set up a marketing strategy, offer recommendations, identify customer pain points and so much more. All of these processes can be analyzed in detail through data science. The word itself tells you data is something that needs to be studied, science on its own that can benefit others and make decisions easier. Data Analytics can be used across all industries, and help figures out errors, time lost and mistakes your company is making, and help them rise to the top. Everything is expected to be digitalized in the future, and having the latest software and machines, especially with AI technology, will bring your company ahead of your competitors. Goals can turn into reality if the necessary tools are properly utilized.

Having data scientists in your staff

We are in the first part of the 21st century, but just two decades on it, and Data Scientist is the “sexiest job of the 21st Century” according to the Harvard Business Review. When reading this you may think the competition is fierce, but you’d be wrong. In fact, there are not so many data scientists out there that can fulfill the demands of this rapidly growing market. Companies are spending years to find data scientists; recruiting and training them from scratch can cost a lot – up to thousands of dollars. It is a highly demanding market but not the easiest of professions to chase. These individuals are unique professionals, and having them in your company is truly an asset. Again, the solution to this problem is always outsourcing. One of the key benefits of outsourcing data science is that you can start work immediately. Having such profiles tells a lot about a company and how much you can truly value them. Trusting them with your data science tasks is a huge step, but the advantage of it is that usually, companies that offer such services have the best staff to do it. It gives you a great opportunity to work with experts from various backgrounds and experiences – which is something you will find in most companies that offer outsourcing services. They offer the support of the best people on the market who can use their time productively. All it takes is to look at such companies’ portfolios and see who their partners are. As one of the leading IT outsourcing companies, Kosbit offers a wide range of IT outsourcing services to companies like AT&T, Vodacom, Tech Mahindra, by working closely with our technology partners, such as Cisco, Intel, IBM, Samsung, Microsoft, Fujitsu, etc.

Why outsource data science tasks?

Training new employees or hiring them and writing new business plans are all processes that can be hardly handled. It is much easier if your company decides to simply outsource these services to other companies who already have invested their time to develop such professional skills.

Another important thing to consider is that outsourcing in this case is much more cost-effective for your company rather than all other options. You will be saving staff, money, time that in a different situation would go to the recruitment process. It is not that outsourcing will cost you free – it is only that will allow you to focus on other areas that are more important for your business, without having to worry about data analytics too.

How can Kosbit be the best choice to offer data services?

Work culture is an important aspect to look at it when thinking of outsourcing companies, even in data science. Data science job profiles require work from home policy. Simply having such professionals in your team may not always mean they are available at your office location. All that a data scientist requires is equipment – hardware, an operating system, and software. Having technologies that allow sending sensitive data safely back and forth is also a key requirement when not working in your company’s office. And since most of the outsourcing companies themselves exist only virtually, you may have to think about this when choosing a company to deliver data science services to your business. How a company sets its environment is a crucial aspect when choosing to whom should you outsource your services. Most of the outsourcing companies are usually off-site and you may think that outbreaking of communications can cause real problems to your company. This is normal to worry about, but not something much of a problem when an outsource company has thought about it long before you did. Here at Kosbit we are flexible, we work office hours and have implemented a work from home policy too. We believe that as much as working from home can be beneficial to individuals, setting an office environment too can be of the same help for the whole team at a company. We value each other and learn from each other, and as a team of professionals, we enjoy the sharing of resources from one another. No need to say how much time did Kosbit save in this pandemic situation when everyone was forced to close their companies and implement new policies and rules on how they should settle their home offices for the staff to adjust to the current circumstances. For us, it was something that we’ve been doing for a long time and the results, if not the same, are even better.