India preferred destination for analytics outsourcing
The data analytics services market in India is expected to grow to $1.15bn by 2015 as an increasing number of enterprises deploy solutions to derive meaningful insights from their databases, says a study by financial services firm. According to the study, India will remain the preferred destination for analytics outsourcing over Asian counterparts like China, Philippines, etc. Global data analytics outsourcing represented $500-550 million market in 2010, of which India delivered $375 million. The Indian opportunity is expected to treble to touch $1,150mn by 2015. Over the last decade, India has matured as the preferred outsourcing destination for IT and ITeS services. Exponential increase in data generation, cost savings, operational efficiencies, access to a highly talented workforce and improved quality are all underlying expectations in outsourcing analytics processes to India. Analytics outsourcing in India has been rapidly growing owing to these factors. Data analytics service...