Revenues rise for 7 Industries as they outsource Data entry services
Data entry is the most effective way of assembling, organizing, categorizing, analysing, and understanding data in every industry. Being one of the most important functions for better business growth & expansion, it helps to classify and transform the business data into a digital and organized format. In digital times such as today, big data is a force to be reckoned with. Perfect data entry services let businesses make better decisions that will improve efficiency, and increase productivity.
Why data entry in-house isn’t a good idea?
Because it can be extremely costly. The cost of team, training, salaries, systems, software and infrastructure— is much higher than one can imagine. More importantly, it takes focus away from your business’s core activities. In-house data entry delivers poor quality data which affects business in countless ways. According to the research firm Gartner, poor data quality robs businesses of between $9.7 million and $14.2 million annually. Flawed data drives poor decisions, which causes even more flawed business strategy, eventually leading up to business failure. While outsourcing saves 50-60% on your operational costs while giving the much needed boost to your business. Businesses, across the world, consider data entry outsourcing since it helps to minimize operational expenses, save time, and lets employees to focus on more important activities.
Let’s look at how various industries are benefitting from outsourcing data entry services.
In the medical field, there is always a lot of information regarding patients, doctors, treatments, lab reports, diagnoses, billing, insurance records, admin details, and many more. Such data needs to be digitized and analysed as it help to discover health-related trends that can be crucial to public safety. The data entry outsourcing companies can also help to fetch key insights from patient medical records. Organised patients data provides doctors with a complete view of patients’ well-being, offering more in-depth information than brief in-person visits. Thus medical field relies greatly on outsourced healthcare data entry services to enhance their services and improve data management.
Realtors and real estate firms deal with enormous data such as residential or commercial evaluations, new client databases, client data consolidation, and property & legal documents. All that data needs to be accurately documented and processed to extract meaningful information & make sound business decisions. Partnering with a reliable outsourcing partner for real estate data entry services helps realtors & real estate agents to focus more on the core business while the expert data entry professionals take care of the data.
Banking & finance
Banks and financial organizations depend on data entry outsourcing companies to streamline loans, payroll processing, and data entry of new or updated accounts, checks, and other important financial documents. Outsourcing ensures complete data confidentiality and security. Plus the banks can provide excellence, minimize cost, and save time. Finance data solutions also contribute majorly while doing customer analytics, product analytics, and branch network analytics.
Retail & eCommerce
Today both online & offline retailers are adopting data-driven approaches that ensure profitability. From standard merchants like Walmart to e-commerce giants like Amazon — proper data accumulation, organization and understanding are the key components to business success. By gaining useful insights through eCommerce data entry services, online retailers can understand their consumers’ better, increase operational efficiency, and improve the overall buyer experience. A trustworthy data management outsourcing partner can also provide the analytics and insight to improve the overall management of the store/website.
Transport & logistics
Getting product details (quantity, condition, place, time, and consumer) right is what transport & logistics data entry is all about. Data entry outsourcing companies can perfectly organize and digitize airway bills, bills of landing, cargo manifests, certificate of origin and CODs, commercial invoices and courtier reports, client satisfaction survey forms, delivery notes and receipts, export folders, and freight bills. Outsourcing Data Management Services makes more sense when clients demand better and faster logistics with customized orders and inventory services.
Manufacturing companies have a lot of documentation regarding raw materials, machines, labourers, tax records, contracts, invoices, and so on. Outsourcing data entry services ensures perfect quality control. Here’s an example- Acer is a Taiwan-based personal computer manufacturer. Determined to strengthen two major business areas (branding & marketing) company outsourced the rest of the tasks to experts. This majorly boosted sales and market share. Point to be noted- Company has a team strength of only 6800 members, which is less than a tenth in size compared to their main competitor.
Data analysis and prediction of customer behaviour provide crucial insights into the insurance industry. Accurate data helps the insurance companies to set reasonable and precise policy premiums, identify fraudulent claims and improve marketing efforts. By outsourcing data entry services, insurance firms can gain access to more effective data analytics tools that can provide an even clearer picture of risks related to individual customers.
With 12+ years in the field, eDataMine has provided excellent Data Entry Services to a diverse global clientele. We strive to serve you as a partner and not just as a vendor. After analysing the requirements, we provide the appropriate advice on the areas that can utilize the data to its full potential. Our solutions align seamlessly with your goals thereby helping you achieve success. The partnership is also beneficial in terms of price, quality, process, and turnaround time. All in all, teaming up with us ensures soaring profits and desired success. Let us establish a business relationship that would let us both grow and prosper. For end-to-end and cost-effective data management services, eDataMine is your ideal outsourcing partner. Why don’t you check out our free trial today? Write to us at email@example.com