by: Mary Christine Galang
Tuesday, August 1, 2017 |
Businesses have become increasingly data-driven, especially with the advent of technological advancements and ways how we consume and process data.
It is undisputedly integral to a business and how it operates, grows, and thrives. Between 2015 and 2017, the expected amount of created data is more than the combined data produced in the last 5,000 years. As we progress, more types of data are expected to rapidly expand across a wide range of industries. It is estimated to increase to as much as 35,000 exabytes by 2020.
This is why data processing is crucial in any type of organization. By definition, it is the conversion of raw form of information into a valuable and organized format. And it is not without challenge to efficiently and accurately handle and manage data and be able to produce valuable information from it, especially for businesses that rely on strategic operations in order to function.
Research shows that only about 0.5% of data is actually being used to extract and retrieve information from. Most of the remaining data are left unutilized, and a considerable amount is lost. There is a significant amount of inaccurate data likely to be rendered useless just because it was mishandled.
A lack of or inadequate data processing can happen in a lot of ways, with the intricate process that data goes through. This includes forms processing, order processing, mailing list compilation, and processing of different types of information from various businesses and organizations.
This can get overwhelmingly laborious and has simply no room for errors. Although this is largely considered as a non-core operation, data processing must be handled with the same level of expertise and professionalism.
It is for these compelling reasons that make outsourcing a viable solution. Having a reputable offshore service provider to carry out crucial data processes is not just a wise decision, but also a practical one.
Data processing is comprised of several steps, all of which should be handled with precision and specialized skill set, along with analytical thinking.
Your offshore service provider must be able to properly execute these tasks, following a standard practice that must be applied systematically for all to avoid erroneous results. Your provider must be skilled to convert any kind of data from any type of source into a customized format following your organization's requirements. This will also increase efficiency in many ways.
Furthermore, analyzing your data is less complicated when you have a highly organized process in place. This allows better data access, extraction, and conversion, which yield information that are easier to interpret and analyze. As a result, the information is structured, thus resulting to less unused data.
Having an accurate and efficient data processing undoubtedly helps produce better and highly useful data.
Contact MicroSourcing today to learn more about our offshore data processing services.