Data Analysis Services from Outsource2india

Market Research Data analysis allows organizations to avail of critical insights into core business strategies and strategic policies.

Estimates suggest that India accounts for one third of the total $17 billion global market and Outsource2india is at the forefront of the Market Research Data Analytics Offshoring Revolution.

At Outsource2india we have the necessary technology, advanced data analytical capability and domain expertise-based business intelligence that creates high-levels of measurable business value to customers.

Global competitive advantage requires highly developed data analyses to improve customer profitability, manage risk, reduce operating costs and better service offerings.

The art of converting data with the goal of extracting usable data and formulating conclusions is essential for any firm concerned with data analytics. Market Research Data analytics allows organizations to avail of critical insights into core business strategies and strategic policies. Successful Market Research Data Analysis reveals concealed trends and present as well as future obstacles that the company may not have otherwise been aware of.

Key Industries that Need Market Research Data Analysis:

1. BSFI - Increasing regulatory control and implementation of BASEL II requirements and the requirement of predictive customer analytics and efficient fraud detection systems necessitate data analytics. This would help banks reduce customer acquisition costs and derive more mileage from existing customers. Also, the formation of statistical score cards for appraisal of credit risk ensures quick response time in the evaluation process as well as total uniformity and removal of bias.

2. Retail Industry - Market Research Data Analysis helps retailers to focus on core strategy implementation such as analyses of merchandise, suppliers, operations, inventories, sales and customers thereby ensuring better supply chain management.

3. Market Research Data Analytics in the Manufacturing Sector - Optimizing inventory and stocking levels and logistics right from raw materials to finished goods. Demand Forecasting, Optimization and Reporting as well as yield analysis, waste control, operator/shift performance, and quality control metrics.

4. Pharmaceutical Industry - Interpretation of analytical data in order to facilitate the security of drug systems and drug discovery process, such as claims analysis or clinical trials. Added to this detailed practitioner and hospital drug prescription data analysis for development of effective marketing strategies to hospitals and doctors.

5. Healthcare Analytics - Involves medical cost and utilization analyses, Reimbursement modeling, provider profiling, Quality measurement, medical literature research and HIPAA and IT security.

6. Insurance Data Analytics - Objective claims assessments, customer analytic profiles, Risk and fraud assessment, evaluation of medical procedures, tests, and drugs. Insurance data analytics also included loss reserving and subrogation solutions.

7. Telecommunications Analytics -Customer and campaign analysis to optimize customer linkage with appropriate product delivery strategy. Market Research Data Analytics has been applied to telecommunications management and retention, taking into account data protection and privacy acts.

At Outsource2india we approach market research data analysis from a multidisciplined approach including industry verticals, across analytical approaches and various business objectives, thus ensuring that the field of market research data analytics can be applied across multiple and innumerable sectors.

Estimates suggest that India could accounts for one third of the total $17 billion global market and Outsource2india is at the forefront of the Market Research Data Analytics Offshoring Revolution.

According to Meta Group, the global analytics or data mining market, which was $ 8.4 billion in 2000, is expected to grow at 35 to 40 per cent annually for the next 10 years

Steve Simpson, Global Director, ATG Worldwide stressed the imperativeness of data analysis by saying; "This is the golden age of Data Analytics. There is no lack of data, however there is a serious dearth of intelligent interpretation of data and it is this very reason that analysis services providers can benefit from a great deal."

Global companies such as GE Capital, American Express, Citibank, Prudential Insurance, Accenture and Honeywell, are already benefiting by outsourcing their market research data analysis work to their captive centers in India.

Outsource2india's Capability in Market Research Data Analysis

At Outsource2india we have the necessary technology, advanced data analytical capability and domain-expertise based business intelligence that creates high-levels of measurable business value to customers.

We have a number of expert data analysts, including Ph.D. statisticians, mathematicians, life science experts, biotechnology professionals, pharmacologists, and various other highly qualified professionals. The overall cohesiveness and high talent level of our team will analyze your data and if required will develop analytical approaches that will optimize your business or research processes.

Please contact us here with your outsourcing requirements.

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