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(Wireless-NewsWire.Com, April 02, 2018 ) Global Data Analytics Outsourcing Market 2017-2022
Organizations generate a tremendous amount of data from departments such as HR, procurement, production, and sales and marketing. Data analysis is used to infer actionable insights from these volumes of information.
Companies Mentioned
Accenture, Capgemini, Fractal Analytics, TCS, Wipro, and ZS (ZS Associates).Cognizant, Evalueserve, EXL Service (EXL), Genpact, Gramener, HPE, IBM, Infosys, Latentview (LatentView Analytics), and WNS Global.
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KMI Announces the Publication of its Research Report – Global Data Analytics Outsourcing Market 2017-2021
KMI recognizes the following companies as the key players in the global data analytics outsourcing market: Accenture, Capgemini, Fractal Analytics, TCS, Wipro, and ZS (ZS Associates).
Other Prominent Vendors in the market are: Cognizant, Evalueserve, EXL Service (EXL), Genpact, Gramener, HPE, IBM, Infosys, Latentview (LatentView Analytics), and WNS Global.
Commenting on the report, an analyst from KMI's team said: One trend in the market is emergence of BPaaS. Cloud technology has revolutionized outsourcing business processes. BPO solutions are hosted on remote infrastructure, managed by cloud providers, and categorized as BPaaS. Cloud-based BPO provides advantages like cost reduction, reliability, scalability, and agility.
According to the report, one driver in the market is data analytics services lead to cost reduction and efficiency. Outsourcing of services reduces investment by the company and enables the utilization of available resources. Outsourcing of data analytics processes provides skilled talent and advanced analytical technologies in an offshore location.
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Further, the report states that one challenge in the market is changing customer requirements adversely affect market. Several industries lack policies or frameworks for data storage, which severely affect the performance of analytics. Inefficient data analytics services adversely affect demand. Outsourcing service providers must continuously develop and offer innovative solutions according to the changing customer requirements. Understanding consumer behavior is a complex and costly process. It involves high degrees of uncertainty and any failure in understanding customer behavior can lead to a potential loss of time and money.
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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