Data Analysis Services India

A huge demand for data analysis services in India generates ample earning opportunities to companies which are offering data analysis services. Crucial fact is that despite data analysis being a new concept it include lot many things which may even include process of inspection, cleaning, transforming, and modeling of data with the goal of highlighting useful information, etc. Additionally, suggesting conclusions, and supporting decision making, etc. too are being considered the part of data analysis services which are being offered by Indian IT companies.

Data analysis services comprises numerous facets and approaches and that may be a reason that there are a variety of names which are being used in different businesses, sciences, and social science domains. The primary task in data analysis is to do data mining which is also considered as a particular data analysis technique. Data mining focuses modeling and knowledge discovery for predictive purposes to help in some strategically important descriptions to be used for the advantage of firms or the corporate organizations.

Data mining and data analysis being carried out by BPO firms in India is done in very sophisticated manner so that there is no value loss in due course. The process of data analysis covers aggregation of information and focused approach on the same to reach onto some indisputable situation. The data analysis is divided according to the use-value wherein it can be called descriptive statistics, exploratory data analysis, and confirmatory data analysis, etc. amongst others.

Data analysis services offered by Indian BPOs including of Survey Design & Programming, Cross Tabs & Banner Tables preparation, verbatim/open end coding, Statistical Data Analytic, Data Analysis, Charting, and Power Point report writing services, etc. not only contribute to bringing out effective outcome but also maximize the approach towards optimization of benefits. Data analysis requires professionals who are excellent in data interpretation and analytical mindset.

Whereas predictive analysis focuses on application of statistical or structural models for predictive forecasting or classification, the text analysis is done using statistical, linguistic, and structural techniques. Text analysis aims to extract and classify information from textual sources which is a kind of species of unstructured data. Data analysis services in India provided by IT firms or BPO firms include Summarization e.g. Cross Tabs, Correlation.

The summarization inter alia includes Data Visualization, e.g. Bar Plots, Bubble Plots, Control Charts, Histograms, Pareto Charts, Pie Charts, Q-Q Plots, etc. Moreover, data analysis services providing companies use Binomial Tests, Fishers Tests, Non-Linear Regression, Chi-square Tests, Regression Analysis including of Linear, Ordinal, Log-Linear Models, etc. for utmost suitability of the data mining and processing.

A number of BPO companies offering data analysis services in India claim that they do analytical solutions. The analytical solution can be from in the range of project management which has state-of-the-art tools and resources and that too with combination of extensive know-how. In addition to all, data analysis services providing companies aim to build consistent demeanor. Data analysis services by firms in India helps in improvement of productivity as well as timely delivery of goods and equipment.

BPO Services India: Why a lucrative sector

Business process outsourcing (BPO) has been a sector wherein India has been in news for last one decade or more and reason for that seems to be the fact that the country has been been able to exploit the huge market available in outsourcing. BPO in broad terms refersĀ  to outsourcing in all fields be it customer care in telecommunication or software development for third party client. Moreover, a company offering BPO services differs itself with others by putting in new technology or applying existing technology in a new and better way to improve a process and offer benefits to client firm.

Recently, BPO services were heavily hampered by the recession. Post-recession too there is no stop for problems coming on the way of smooth progress of outsourcing from companies in the USA. State legislature in Ohio state of the USA has banned any outsourcing to Indian company. Similar measures are expected from various other states of the USA. The path for India becoming global leader in providing outsourcing services to the USA and other countries seems difficult. Moreover, there are various other issues including of escalated cost and inflation which hamper the growth rate of BPO services in India.

One of the fastest growing segments of the Information Technology Enabled Services (ITES) industry, BPO services in India is a kind of delegation of one or more IT-intensive business processes by the companies located outside India. In BPO services, a company in India owns, administers and manages the selected process. The BPO service is based on defined and measurable performance criteria which are guided and decided by the client firm and closely observed by the BPO services providing company in India.

India landed as a champion of BPO services for the obvious reason that the country has edge over other nations in terms of Cost Advantage and Economy of Scale. Apart from Business Risk Mitigation, India offers Superior Competency, and Utilization Improvement to client companies in the USA and UK. Moreover, Some BPO services in India companies such as WNS Group, Wipro Spectramind, Daks e-Services, Convergys, HCL Technologies, Zenta, ICICI Onesource, Mphasis, EXL, etc. have become undoubted leaders.

Besides Tracmail, GTL Ltd., and vCustomer, some other BPOs including of HTMT, 24/7 Customer and Sutherland Technologies, etc. are being considered champion in BPO services in India. A welcome step in BPO sector in India has been that apart from pure-play vendors (companies offer only BPO services) some IT companies such as TCS, Wipro, Infosys, HCL, etc. have started offering BPO services. Interestingly enough whereas there was a huge gap between the revenues received through BPO services between pure-play vendors and IT services vendors, the gap has started diminishing.

There has been various mergers and acquisitions in BPO sector. One notable acquisition took place when TCS bought the captive unit of Citi. According to the Nasscom the Indian ITES industry has grossed over $5.7 billion in 2005, and now it is touching the figure of $20 billion. Moreover, Indian can capture 25% of global BPO offshore market and 12% of the market for other BPO services including of animation, content development, design services, etc.

Offshore Software Development India

According to the Wikipedia definition an offshore software development is a process wherein software development services offered by software developers in India. Though Indian software developers are located away from the location of the company’s country, still they are being managed by the company. Moreover, offshore software development in India is done fundamentally for the reason that India offers the most cost-effective software development services with its pool of talented software development.

Companies in the USA, Canada, Australia, or the other developed nations are looking to reduce the production cost and for them India serves the purpose as it has extended number of software developers who can offer their services at extremely reduced cost. Moreover, when IT companies see various advantages in their software development to be done in developing countries like India at the fraction of cost of what would otherwise have been if the same would have been done in the original country, the companies try to offshore their research and development work to India.

Offshore software development in India is done for the reason that many of its cities have quality infrastructure and global connectivity as well as immense human capital. Offshore software development often compared with Business Process Outsourcing is different in the sense that while in BPO there is outsourcing of services to third party service provider, in Offshore software development the same company opens its software development center in India at its own cost and hire the software professionals at its payroll.

There is huge conflict in politics and economic of offshore software development. Whereas traditionally countries such as the USA and Canada has never been transferring their technology to India and lose their technological prowess, now through various offshore software development centers in India the same is happening much against their actual wish. While offshore software development in India is economically beneficial for the USA and Canada, it is politically incorrect for the countries would lose the much enjoyed domination in technology front to India.

Globally renowned IT companies from the USA, Canada, UK and Australia have started their offshore software development centers in India. Major global IT firms such as Oracle Corporation, Intel, Adobe Systems, STM, SAP, IBM, Microsoft, etc. have their offshore software development centers in India at various cities. In some instances the pattern has been seen that India has even bigger software development center for IT company outside their original country which reminds that India has huge potential in software development and the major global IT firms are trying to exploit the same for their advantage.