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Why you should probably outsource your Data Analysis.

Three solid arguments for outsourcing your inspection data analysis.

When it comes the inspection analysis, there are many data analysis methods to choose from. One is outsourcing to external experts, but is this the best idea for your company, or should you keep those operation in-house?

This article aims to aid that decision process, by breaking it down, and presenting the key points to support you to in making the right decision.

1. The advantages of external data analysis

There are tons of advantages to external data analysis, and with specialized companies popping up left, right and center, there are also plenty of options to choose from.

Time

You will be saving a lot of time outsourcing. And time is money. But data analysis is not cheap, and you should always consider if it is a viable solution, compared to what You are currently doing. Generally, the costs should not exceed the ones You have now.

However, when considering your current costs, you have to remember, that removing data analysis from your workflow, frees up time for other – possibly more valuable – tasks in your team.
If spending more time on those tasks, would increase Your overall revenue, that is worth factoring in.

Expertise

Then there is the matter of expertise. Sure, you can hire less qualified people at a lower price, but the results will be thereof. Data analysis is a key operation, and something that can have major repercussions, if not properly executed.

When you hire a third-party to analyze your data, they are specialists within their field. This means that you can rest assured, that the most valuable part of your business (Your data) is being handled accordingly.

Artificial Intelligence / AI

Most companies today claim to have functional AI, and the positive effects from this type of software, should not be disregarded.

Artificial intelligence can analyze and annotate large amounts of images in short time spans, making your inspections effortless as well as very, very accurate.

It is also worth noting, that an algorithm makes no mistakes. It will identify every faulty object, whereas a person might be tired or otherwise preoccupied, and resultantly miss something important. This is especially true, when inspection data is complex, as the margin for error there is much smaller.

Choosing to outsource your data analysis to a company utilizing and improving their AI-software, can be a major advantage for you both now and in the long run. At Scopito, Your data is constantly helping our AI learn, and the tools that it already masters, are always at your disposal.

2. The direction of your business

As AI gets more advanced, the days of analyzing data using human intelligence, will be over. Anyone who does not have their own artificial intelligence software, will have to outsource.

As a result, companies need to ask themselves, if they intend to develop their own software in the future. If not, it might be a good idea to establish a partnership now. This will free up resources, which will allow you to build or improve other core competences, that are more beneficial to your focus area.

We enable the future of visual inspections. By enabling, we do not mean doing it ourselves but rather bringing companies together through relevant partnerships.

Ken Isobe Falk

– CEO, Scopito

But, choose wisely.

Good partnerships will bring immense value to Your business, and bad ones could drain it. Do your research, before deciding on a partner.

Find a couple of interesting possibilities and ask for a demo. Before making your final decision, be sure to investigate all the aspects in which the company can help you succeed.

3. The scope: it doesn’t have to be all or nothing.

It is entirely possible to keep some of your inspections’ analysis in-house, while outsourcing others.

For example, it might make sense to choose external help, if you are busier than usual, or if You have inspection types, that could benefit from the use of artificial intelligence.

Consider how much, and when, it makes sense to outsource – it does not have to be all or nothing.

At Scopito, we have created a model which allows you to do the analysis and annotation yourself, directly in the software, or simply request Scopito analysis for a specific inspection.

Wind report in Scopito.

Scopito analysis
Once the analysis is completed, the results will be visible in the Scopito platform, and you can share or export it, as if they were internally executed.

So, when deciding which data analysis method you want to explore, consider outsourcing. It might just be the rocket thrusting your business into the stratosphere.

If you want to know more about Scopito or our AI-capabilities, contact us.