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Interactive Reporting In-house or Analytics Outsourcing?

Let’s see if one can implement a BI system for business on their own, and how much time and money it is going to take. What are the advantages ofĀ  analytics outsourcing?

THE PERSONNEL

If you have decided to do the interactive reporting on your own, you will begin with personnel selection.

There’s a limited pool of specialists. It might take 2-3 months to find the right person.Ā 

Quite often, you will also have to teach them to understand the business processes and the financial specifics. Thatā€™s another task you will face. And also, your personnel may quit their jobs, so sometimes you have to look for new candidates.

If you outsource the implementation of Power BI, all you have to do is choose the right contractor and control the result.

You can remove the following from your list of tasks without hesitation: search for specialists, training the team, its retention, motivation and control.

  • Read more about BI implementation in: A BI SYSTEM: HOW IS IT IMPLEMENTEDĀ 
  • Hereā€™s an article about why BI shouldnā€™t be confused with IT: A BI SYSTEM ā‰  IT: WHY IS IT SO?
  • An interesting article from Netpeak: HOW TO WORK WITH MICROSOFT POWER BI

THE BUDGET

Everybody knows that IT specialists and business analysts are among the most highly compensated employees. We have a team of 5 people to work on every project. How much do they cost in the market if you hire them for your company on your own?

  • $2,000: Power BI developerĀ 
  • $1,500: API connector or ETL process developer
  • $2,000: project managerĀ 
  • $1,500: system administratorĀ 

+ Taxes (letā€™s take the minimum load of about 20%. Don’t forget it could be more!)

Total average: $8,400 per month

If you useĀ  analytics outsourcing for the interactive reporting, you pay for it stage by stage, $4-5 thous. per month on average.

THE TIME FRAME

A project that begins with personnel selection and training turns into a process without time limitations. But it remains your task anyway.

When the team involvement is outsourced, the BI system implementation process has already been well-tried and planned. You pay for the end result.

THE EXPERIENCE

Most probably, your in-house specialists will have the experience of Power BI implementation in 1-2 business areas. Your tasks will be new for them. And this means that the mistakes and time delays will be paid for by you and your company, because you must pay salaries to your regular staff anyway despite the delays in the implementation.

With analytics outsourcing, itā€™s different. For example, we at Cobit Solutions already have work experience in 19 business industries. And this means we have already gained the experience of trial and error.

IN WHAT INDUSTRIES HAVE WE IMPLEMENTED POWER BI & ANALYTICS OUTSORCING?

If you are interested in automation of reporting and 24/7 data accessibility from your cell phone, please contact us.

BUT THE MAIN POINT OF THE ANALYTICS IS
PROFIT GROWTH

Our dashboards give you a chance to control the revenue, cost price, margin, gross profiŠµ and 47 other indicators on a daily basis. No need to wait for a monthly report.

Consistent control results inĀ  profit growth and business expansion.

GET COMPANY MANAGEMENT DASHBOARD

Cobit Solutions

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KEY FIGURES OF THE COMPANY

457

dashboards created in 2022

145

years of IT experience among employees

15

employees in the company

215K

USD saved by our client within a month of BI project
starting