When big data is used properly and intelligently by organizations, it serves as the foundation for strategic, business decision-making capabilities in today's digitally driven world. The increasing number of devices and sources generating information has lead to constantly increasing amounts of data.
Big Data is characterized by its velocity, volume, and variety, and is utilized by businesses to uncover valuable insights that are applied towards:
Becoming a data-driven organization is an expensive and time-consuming endeavor that requires restructuring of internal processes and teams, implementing advanced technologies and software, and updating legacy systems.
Outsourcing agencies in Latin America are showing increasing success and impact on the data and analytics market. Latin American data center services generated $2.87 billion in 2016 and are forecast to reach $4.37 billion in 2021.
Software outsourcing enables organizations to focus on core business functions while still being able to wield the power of Big Data.
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The Big Data benefits of software outsourcing
Businesses are relying on software outsourcing to benefit from Big Data without the expense and effort of restructuring their internal processes and operations.
Software Outsourcing can provide businesses with the following:
The viability of software outsourcing is increasing as businesses leverage digital transformation. According to Deloitte, 31% of IT services have been outsourced in 2016 and will continue to increase in the upcoming years.
Big Data tools, software, and data security
In order to maximize on big data benefits, organizations need the support of big data tools, technologies, and software to obtain quality, trusted insights from their data.
Data collection, processing, and analysis tools:
Data Visualization technologies:
Privacy and security:
Big Data: software outsourcing can provide a strategic advantage
Big Data strategies are propelling business success, innovation, and are driving competitive advantage. Software outsourcing can provide your business with an opportunity to become data-driven without breaking the budget or taxing internal resources. Fortunately, the Data and Analytics services market in Latin America is steadily growing and enabling the application of Big Data solutions for all business models and industries, especially those geographically close.
About PSL: PSL has led Latin America's foray into software engineering best-practices for software outsourcing. Today, we specialize in partnering with US companies large and small to solve their software engineering needs.