Data Analytics Services: How to Select the Right Provider

Analytics leaders rarely have the internal resources necessary to accelerate and scale solutions that deliver business value. The challenge is deciding which data analytics service provider is right for your organization in a market that has hundreds of possible options.

When to choose a data analytics service provider

Although there's no right time to select an analytics provider, there are a few factors that might indicate which analytics provider would be right for your organization:

Expenses- Are you spending valuable time and money on maintaining your outdated and legacy technology? A reliable system would eliminate such expenses

Shifts in market conditions – Does your organization have the capability to respond to market shifts? A new analytics marketplace platform might be required if you are increasingly challenged in this area, since those with advanced analytics solutions are better able to react to market changes .

Implementing a new analytics solution can be costly, but there are circumstances where the investment is more than justified.

What to look for when selecting a data analytics company

The first step in evaluating companies is to determine what problems they can solve for you. The following issues should also be addressed:

Is the advanced analytics solution suitable for your enterprise's reporting needs? It's useless if it's not. Make sure you ask any potential provider what their clients have learned from them that is statistically significant

Flexibility - Processes and data quality in advanced analytics continuously change. Identify a provider's approach to handling missing data, data of poor quality and data format changes

Stability - In addition to scalability, an advanced analytics solution should allow stakeholders to solve analytical problems. Request a demonstration of the provider's data volume solution.

Considerations to make when selecting an analytics provider

Even a quality solution does not guarantee a smooth and advantageous partnership. Use the questions above to narrow down the pool of potential providers. It's important to consider how they will handle missteps if they happen in the future:

Provide professional services and support – Though it is ideal to have an advanced analytics solution run continuously, there will be times when problems arise. What support options does the provider offer? Are they always available when you need them?

Ownership of data – When discussing details of your partnership, it is essential that your organization retains control over its data. Do you know if you can access your data stored by the provider and whether you retain full control over it?

Take your time when choosing a data analytics service provider. To ensure that the partnership continues to be valuable, it is essential that these steps are taken. Contact Analytics Genie the most trusted partner in the world to know more about data science / analytics vendors.