The question as to whether building BI software applications is better or partnering with a BI Software provider is always revolving in an Australian Enterprise. Data Analytics is a quickly advanced technology that harnesses data and is said to be the most in demand consultant skills in Australia. This is a power point presentation of a blog published by InsideInfo which is the best BI Software provider.

2. Outsourced vs Inhouse Analytics Teams
Data analytics is a quickly evolving technology that harnesses data, Artificial
Intelligence (AI) and advanced market insights to identify meaningful patterns in large
data-sets. Smartly deployed analytics provides premium insights into an
organisation’s performance metrics, and the complex, often bewildering, changes
happening around them. In fact the most in-demand consultant skills in Australia
according to Business Insider and research by Expert-360 are project management,
process management, data science and data analytics for businesses with more than
$500 million turnover.

3. Designing & Delivering Business Analytics
With Inhouse Teams
Advantages
 Doing it yourself can offer greater control & less compliance.
 As an internal resource servicing the analytics needs of the wider business.
 Projects and internal resources can be internally prioritised to meet the demands
of an initiative

4. Designing & Delivering Business Analytics
With Inhouse Teams
Disadvantages
 Many companies lack the in-house knowledge and experience needed to put
together an analytics team
 There is a high cost associated with attracting and retaining high calibre BI
professionals inhouse.
 More often than not internal analytics resources are time constrained
 Keeping it all inhouse also means you don’t have access to literally decades worth
of experience

5. Partnering with a BI Consulting Firm
Advantage
 The obvious biggest advantage is cost.
 They have all the technology and people at their fingertips as well as the
experience and can usually easily flex resources up or down to meet your needs.
 Outsourcing data analytics allows the management and executive team to focus on
other core operations of their business.
 BI consultants are expected to deliver results.
 A large benefit of commissioning an external BI firm is specialisation.

6. Partnering with a BI Consulting Firm
Disadvantages
 There is always a risk of exposing sensitive company data and losing
confidentiality.
 Is your business a priority for the consulting firm? Be certain that any agreement
or scope of work has tight timelines and outputs.
 There can be communication breakdowns if the business sits back and relies on
the outsourcer to handle it all.

7. Reference :
Johnson, S. (2019). Outsourced vsInhouse Analytics Teams: What’s Smarter In Australia?
| Inside Info. [online] Insideinfo.com.au. Available at:
https://insideinfo.com.au/business-intelligence-and-analytics/outsourced-vs-
inhouse-analytics-teams-what%E2%80%99s-smarter-australia [Accessed 19 Feb.
2019].