Revolutionising Database Outsourcing through Partnerships in Data Research

In today’s interconnected world, businesses face an ever-growing challenge in managing their data effectively. The advent of database outsourcing has emerged as a pivotal solution, offering organisations the opportunity to optimise their data management strategies while focusing on core competencies.

Aiding business growth is the main outcome of database outsourcing. This comprehensive guide looks at the intricacies of database outsourcing, and tries to understand what is the best approach towards this transformative practice.

Database Outsourcing: Downloads v/s Partnerships

Sourcing data can be a process of downloading from online databases. Various software platforms collect and store data, making it accessible to millions of users around the world. Users can apply various filters to get exactly what they need.

A second means of sourcing data involves partnering with data research companies to source and build fresh, customised databases. Database outsourcing from such data researchers is the only approach that provides data as per your unique needs.

Let’s take a look at the key challenges involved in database outsourcing to understand how a research partner implements processes to overcome these challenges.

Key Components of Database Outsourcing

Database outsourcing encompasses several critical components:

Data Security:

Database outsourcing requires ensuring robust security measures to protect sensitive information. Maintaining data privacy and compliance with regulatory standards poses a significant challenge in outsourcing arrangements.

Performance Optimization:

Database outsourcing should lead to enhanced database performance through expert management. It should also lead to reduced operational costs associated with in-house database management.

Scalability:

Database outsourcing needs to facilitate scalability to accommodate growing data needs.

Integration:

Integrating outsourced databases with existing IT infrastructure can be complex.

Data Accuracy:

This is possible only when you have a full-time team working on your project. Research companies that highly value data accuracy offer data replacement guarantees to ensure 100% accuracy.

Expertise:

Various components go into enhancing a company’s technical ability to handle database outsourcing on a large scale like human expertise, technology and infrastructure. All these components need to be in place, along with experience working with various companies.

Overcoming these challenges through partnerships in database outsourcing:

Research partners that provide customised solutions to database outsourcing have discovered ways to incorporate all the above components into their research and delivery process. From data security to data accuracy, database outsourcing partners use human processes combined with software automation to create highly reliable databases.

Downloading data from online sources does not give clients the flexibility, accuracy that data partners offer. It also doesn’t provide data targeted at niche industries and job titles.

Process Automation for Database Outsourcing at Ascentrik Research

Data Discovery and Delivery at Ascentrik Research

As an organisation exclusively focused on B2B data research, Ascentrik recognized a unique opportunity in addressing the barriers and obstacles in a B2B company’s growth. Here we try to demonstrate how we have brought a unique value with our database outsourcing services to companies worldwide, and especially in the UK.

We have managed to strategically combine our domain expertise with significant investments in technology, and process automation for data discovery and delivery. Our focus is always on operational risk mitigation, cost efficiency, and increased ROI for every client. Thus we have created a system designed to function as if it were the client’s in-house team.

How we implement bespoke database outsourcing strategies

Our team configuration of around 200 employees, located at offices in Mumbai and Pune in India, and our wealth of experience in the Digital Products, Publishing, and Events markets, has given us a special edge. A strategic relationship with Ascentrik provides a client with the opportunity to focus on its core competencies and frees up their resources and capital, thereby increasing management bandwidth while achieving operational efficiencies. This partnership ensures that little or no future capital investments are required for growth or volume increase in the data research process.

Ascentrik is especially skilled in Custom List services based on target criteria. No matter how niche the target is, we build custom lists within a very short time. We work as a strategic partner providing add-on services encompassing Market Research, Directory Services, Conference Tracking, etc.

Areas Of Benefit:

Technology and Infrastructure

The in-house technology and operations teams are in complete control of the infrastructure and operational delivery models, in order to suit various requirements of client programs.

Being a right-sized company, we have the ability to demonstrate flexibility and adaptability in our operations to match the dynamic needs of our database outsourcing services. Ascentrik has demonstrated capability in meeting resource and infrastructure requirements for large projects, at the same time remaining small enough for relationship comfort. As a mid-size vendor, Ascentrik provides a great deal of flexibility in both the contractual and delivery models. This includes using innovative delivery and pricing models that meet the unique expectations of its clients. Our self owned state-of-the-art infrastructure allows you to be assured of total security and confidentiality as we have stringent security measures.

Communication

We stay in constant contact with our client to ensure quality is being maintained and any issues are quickly addressed. We maintain efficiency and transparency with the client through regular visits by the management staff at the client’s office and also sending employees for training purposes as and when required. The on-site training has equipped the staff for seamless project transition and also understanding the critical areas of the project for a better delivery model.

Lead Generation

In order to come up with a highly scalable business model, it is advised to outsource lead generation to companies specialised in this area. This saves a lot of time for your sales reps and they are able to devote their skills to converting those qualified leads into customers.

It makes your own sales team more efficient- taking the burden of prospecting (calling, emailing, messaging, etc.) away from your inside sales team and let them focus on closing more business. As 63% of marketers struggle with quality leads, outsourced lead generation services can do the heavy lifting on the front end. By leveraging outsourced lead generation processes that are already optimised, you have got different resources for all skill sets that are required and your company can really drive greater efficiency from your own sales team.

People

The clients’ money is saved by helping them avoid the cost of hiring, training, equipping, and managing an in-house database outsourcing team. You can cost-effectively increase your team, without investing time and money. This is possible as we provide the client with full-time employees.

Reporting

Under this report, we showcase the entire picture of the project after completion. This report includes a market segment, contact type, GEO split count, budget split, etc. This in many ways helps our clients to make decisions for their next projects. We present visual reports in the form of graphs and charts that show the turnaround time, number of leads generated from the sourced contacts in a campaign, etc.

Improved Data Security

We implement stringent security protocols and compliance measures, safeguarding data from potential threats and breaches.

Integration and Customer Service

Our teams are not only in constant communication with client teams, but our custom API’s allow us to easily integrate our data with the client’s CRM.

Enhanced Focus on Core Competencies

Third-party providers can offer specialised skills and knowledge in database outsourcing, ensuring optimal performance and reliability.By outsourcing database management, organisations can redirect internal resources towards core business activities, fostering innovation and growth.

Cost Savings

Outsourcing eliminates the need for substantial investments in infrastructure and staffing, leading to significant cost reductions.

Overall ROI

This frees up resources for other purposes, so clients can concentrate on their core competencies. It also leads to improved operational efficiency, increases in data quality, and data accuracy, besides providing access to intellectual capital and skilled service and being a driver of transformational change.

We view ourselves as an extension to our client’s team for data discovery and management, rather than just outsourcing partners. This is evident from the understanding we gain of our client’s requirements that helps us strategize customised research solutions as per their constantly changing requirements.

Implementing Database Outsourcing

Assessment and Planning
Conduct a thorough assessment of current database requirements and identify strategic goals for outsourcing.

Vendor Selection
Evaluate potential service providers based on expertise, reputation, service level agreements (SLAs), and cost-effectiveness.

Transition and Integration
Plan a seamless transition of database operations to the selected provider while ensuring minimal disruption to business continuity.
Future Trends in Database Outsourcing

Cloud-Based Solutions
The adoption of cloud-based database outsourcing is expected to rise, offering scalability, flexibility, and enhanced accessibility.

Advanced Analytics and AI Integration
Integration of advanced analytics and artificial intelligence (AI) capabilities into outsourced database services to derive actionable insights.

Blockchain Integration for Data Security
Exploration of blockchain technology to enhance data security and transparency in outsourced database environments.

Conclusion

Database outsourcing represents a transformative approach to managing organisational data, offering a myriad of benefits including cost efficiency, enhanced security, and access to specialised expertise. However, it is crucial for businesses to navigate challenges such as data privacy concerns and integration complexities effectively. As the landscape of technology evolves, the future of database outsourcing promises continued innovation and opportunities for businesses to leverage data as a strategic asset.

In summary, embracing database outsourcing enables organisations to unlock new possibilities in data management, empowering them to thrive in today’s competitive digital landscape.

We are one of the only research companies that Does Not Store Data!

Our full-time researchers work as an extension to your team
Custom data is research driven and gives you highest ROI
Automation ensures data capture at scale, while human expertise and verification of data ensure 100% accurate and refreshed data.