/business-inteligence (BI) is a technology-driven process for analyzing data and delivering actionable information that helps executives, managers and workers make informed business decisions.
Global market research
Market research consists of collecting information about the target audience and market to verify the success of a new product. Businesses require this information to design better products that meet customers' needs.
In addition to the hoped-for cost savings of outsourcing, there are other reasons for handing over certain tasks:
Increasedefficiency: Companies can concentrate on their core competencies and work more efficiently.
Optimal scalability: Outsourcing increases the availability of labor. As a result, maximum output can be achieved and production guaranteed – even in the event of seasonal or non-operational capacity fluctuations.
Quicker response: You are more responsive to change because you can pass these tasks on to specialized third-party companies.
Quality improvement: Outsourcing often brings quality improvements. For instance, in manufacturing a good factory or workshop can improve the quality of products.
Save costs: External companies have a high degree of specialization with regard to their services. They can work much more cost-efficiently and therefore offer discounted rates.
Lack of know-how: New processes and operations in companies are often necessary, but the employees often lack the know-how and implementation skills required. Outsourcing is an alternative to hiring skilled workers for this.