7 Things to Consider When You Hire a Data Analytics Consultant
    3 minutes read

    The data analytics consulting industry is a rapidly growing market. The U.S. Bureau of Labor Statistics expected that there would be 1.4 million computer science jobs in 2020. Besides, McKinsey Global Institute also estimated that there would be 140,000 to 180,000 unfilled data scientist positions in the market in 2021. 

    With so many consulting companies vying for a limited pool of qualified candidates, how do you choose the right one for your business? In this article, we’ll cover what you should consider when hiring a data analytics consultant and how to find one who can help your business grow.

    Why do you need data analytics consultants?

    Data analytics consultants are experts in their field, who can help your business make sense of big data. They’ve got years of experience working with different types of data, and they can help you decide what type of analysis is right for you. They’ll help you: 

    Analyze large and complex data sets

    Data analytics consultants can help you sort through all the information you’ve collected, and present it in a way that’s easy for people to understand and use. They can also help you identify trends and patterns in your data that might not be apparent to someone more familiar with the data than they are. 

    Book a free consultant on data analytics with us!

    In addition, data silos are a major problem for many companies. They isolate different departments, preventing them from sharing information with each other. Data analytics consultants can integrate all your company’s disparate sources of data into one central system so that everyone has access to it. 

    Provide a statistical review of your research paper

    This is especially important if you’re writing a thesis or dissertation, as it helps ensure that your research was conducted properly and your results are valid and reliable. Data analytics consultants are also helpful if you’re working with advanced techniques like regression analysis or multivariate analysis (which can be difficult for non-experts to understand).  

    Moreover, having data collected and analyzed through consulting services helps you gain massive insights about business operations, thus, making better-informed decisions. 

    Develop new algorithms or models for predicting future

    These events can be done based on the past performance of your business (e.g., stock prices, traffics, conversion rates). Data analytics consultants use algorithms to “learn” from past performance and make predictions about future performance. 

    For example, if your customers always buy wine with dinner at home, you may offer a discount on wine when they visit a restaurant next time. You can make this prediction to improve your customer service thanks to data analytics.  

    What matters when hiring data analytics consultants?

    It is obvious that data analytics improves businesses’ bottom line by gaining insights from data. However, many companies aren’t sure how to find the right data analytics consultant and leverage the insights they uncover. Here are 7 need-considering things, which will help guide your decision-making process. 

    Client-first approach

    Data analytics consultants are there to serve the client and help them achieve their goals. Therefore, the consultant needs to be client-focused, which means taking your business needs into consideration and not just pushing their own solutions on you. 

    A good consultant will ask questions about your organization and how data analytics fits into its mission before making any recommendations on the best way forward. They should also be willing to listen to your feedback and suggestions so that they can understand what you need from them and provide it for you. 

    Proper support (resources and technology)

    In order to get the most out of your data analytics consultants, it’s important that they have proper resources at hand. This includes having access to the right tools for analysis as well as having the support of an IT team or other experts who can provide assistance if needed. The team can include statisticians, data scientists, engineers, and other professionals with relevant skill sets. 

    In case your data analytics consultant can provide references from past clients who have had similar projects or challenges as yours, you are hiring an experienced and professional consulting firm. The right consultant will want to make sure that their recommendations will actually work for your organization.  

    Business core

    It’s important that whoever you hire understands your business and its needs from an operational standpoint as well as from an analytical perspective. This will ensure that they can provide valuable insight into how you can improve your operations by using data analytics. 

    Wealth Management

    In fact, consultants who have experience working with businesses in your industry will understand what drives success within that industry. This will enable them to recommend strategies that work well for businesses like yours across industries and geographies. 

    Advanced analytics focus

    The data science field is advancing every day. With new tools and techniques, you need to choose someone who can keep up with these developments and provide solutions that help you stay ahead of your competition. 

    That said, your priority when hiring a data analytics consultant may be whether they have an advanced analytics focus or not. While most consultants can provide basic data analysis services, you may want to look for someone who can deliver more advanced work, such as machine learning algorithms, deep learning techniques, or natural language processing (NLP). 

    These techniques give businesses access to more sophisticated algorithms than those available through basic software packages like Excel or SQL databases such as MySQL or PostgreSQL. They allow businesses to perform complex calculations on large amounts of structured and unstructured data in real-time – whether that’s stock prices or flight patterns at airports or social media sentiment analysis on Twitter feeds or Google search queries. 

    Scalability of analytics service

    When choosing a data analytics consultant, look for one that can scale up their services as your needs grow over time. For example, if you start out with one or two analysts but then decide to grow into a big company that needs many more analysts, will your chosen consultant be able to scale up its services accordingly?  

    Another consideration is how quickly the consultant will be able to deliver results. You don’t want them spending months analyzing your data only to come back with no answers or recommendations for improvement. The faster they can deliver results, the better it is for both parties involved – less time spent waiting around means a more efficient process overall. 

    Success metrics

    You’re paying for results, so make sure that you know what metrics will be used to measure whether or not the project was successful before hiring anyone or signing any contracts. These metrics should include both quantitative and qualitative measures of success (such as revenue increases and customer satisfaction). 

    It’s important that both parties have success metrics in place before starting any project together. This way both parties can see how well the project is going and whether or not it’s worth continuing with. 

    Ending notes

    In the end, it is beneficial to hire a professional data analytics consultant who can walk you through every step of the process. Even if you have basic knowledge of analytics or data science, an expert consultant should be able to offer guidance on broad-ranging analytics services.  

    One more thing to remember: not every consulting firm will offer the same value, and not every firm will accommodate your specific needs. Take some time to examine your organization’s goals and needs, and choose a consulting firm that provides the right kind of support. 

    author avatar

    Ellie

    Ellie Tran is the Content Manager of Synodus. She loves coming up with new ideas and solutions to incorporating technology into your business operations to increase efficiency.

      Recent Posts

      Partnership-Announcement-Synodus-Anatics

      New Strategic Partnership Announcement: ANATICS x SYNODUS

      Hanoi, Sep 19th 2022 We are thrilled to announce our strategic partnership...
      Read More
      Leveraging Predictive Analytics In Excel For Sales Forecasting

      Leveraging Predictive Analytics In Excel For Sales Forecasting: How To Do It  

      Sales forecasting has a substantial role in every business's success when making...
      Read More
      Top 10 behavioral analytics tools and a guide to choose one

      Top 10 User Behavioral Analytics Tools And A Complete Guide To Choose One

      Behavioral analytics tool is changing how businesses become more profitable and serve...
      Read More
      What is Behavioral Analytics? Defintion, Examples & Tools

      What Is Behavioral Analytics? Definition, Examples and Tools 

      Every mouse click and movement on the screen reveals something about the...
      Read More
      Data Maturity Assessment: Models & Frameworks

      Data Maturity Assessment: How-to Guide (Models and Framework Included)

      Table of Contents[Open][Close]Part 1: What Is Data Maturity And How Important It...
      Read More
      Boody

      Turning 10-Year Data Into A Single Source Of Truth With Boody  

      Table of Contents[Open][Close]Who Is Boody?How They Came To Us Here Are Key...
      Read More
      Data Analytics For Marketing Benefits Tools And Examples of Top Brands

      Data Analytics for Marketing: Benefits, Tools and Top Brand Examples  

      Marketing data is everywhere. Yet, the most valuable insights are usually wrapped...
      Read More
      Data Monetization A Complete Guide

      Data Monetization: A Complete Guide 

      You may hear that data is a treasure that will do you...
      Read More

      Success Story of The ICONIC: Leveraging Customer Analytics To Become A Fashion Giant

      Table of Contents[Open][Close]Part 1: A Brief History Of Multi-millionaire Empire: How It...
      Read More
      Artificial Intelligence 101 and AI in E-Commerce

      Artificial Intelligence 101 and AI in E-Commerce

      A survey by Statista showed that 70% of decision-makers in the e-commerce world assumed...
      Read More
      Top 10 examples of Predictive Analytics in Retail

      Predictive Analytics in Retail: The Best 10 Uses With Examples

      Predictive analytics has undoubtedly around for decades, yet until recently, more and...
      Read More
      Data security Definition, Importance, Types, Methods

      Data security – Definition, Importance, Types, Methods

      This article will give you an overview of data security: definition and...
      Read More
      Top 7 Data Security Best Practices

      Top 7 Data Security Best Practices

      This blog will explain definition, common security threats and best practices for...
      Read More
      Top Ecommerce Consulting Companies & How To Choose One

      Top Ecommerce Consulting Companies & How To Choose One

      While some firms can build an eCommerce business themselves, others turn to...
      Read More
      Data Strategy A definite guide

      Data Strategy: A Definitive Guide

      A data strategy helps companies know how to manage and analyze data...
      Read More
      Retail Analytics Courses, Books & Reports

      Retail Analytics Courses, Books & Reports: Resources for your knowledge

      It is crucial for retailers and those who are enthusiastic about retailing...
      Read More
      The Future of Retail Analytics (10 trends included)

      The Future of Retail Analytics (Top 10 Trends)  

      It's clear to see that analytics has become a critical component of...
      Read More
      Sentiment Analysis - A comprehensive Guide

      Sentiment Analysis: A Comprehensive Guide

      The power of Natural Language Processing (NLP) enables organizations to implement sentiment...
      Read More
      What is Data-driven culture

      What Is A Data-Driven Culture and How to Create One?

      One of the major shifts in today’s business world is the transformation...
      Read More
      What is Data Visualization?

      What Is Data Visualization And Why Is It Important? 

      We live in a world of Big Data, in which data visualization...
      Read More
      Video Analytics For Retail - Definition & Use Cases

      Video Analytics For Retail: Definition & Use Cases 

      Retail video analytics is becoming more than simply a loss prevention tool;...
      Read More
      Top 10 Data Visualization Tools

      Top 10 Best Data Visualization Tools (Free & Paid)

      As the value of data visualization has become widely recognized across companies...
      Read More
      Databases vs DataWarehouse: Similaries & Differences

      Database vs Data Warehouse: Similarities & Differences

      What is a database? What is a data warehouse? What are the...
      Read More
      What is A Database Schema? Types, Benefits, Terms Explained

      What Is Database Schema? Types, Benefits, Terms Explained

      In this blog, we’ll go further into database schema including database schema...
      Read More
      Data Warehouse Costs

      Data Warehouse Costs: 3 Important Elements to Consider 

      It’s essential to select the right data warehouse, business intelligence, and analytics...
      Read More
      What Is a Data Warehouse? Definition, Benefits, Architecture Explained

      What is a Data Warehouse? Definition, Benefits, Architecture Explained

      A data warehouse is essential for businesses that wish to drive engagement...
      Read More
      what is a data warehouse top 10 solutions compared

      What is Cloud Data Warehouse? Benefits, Features & Solutions Compared

      The growing demand for data warehouses as a service is propelling the...
      Read More
      data warehouse tutorial for dummies

      Data Warehouse Tutorial: Learn from Experts with 6 Steps

      Data is gathered at regular intervals from source systems such as ERP...
      Read More
      benefits of data visualization

      What Are The Benefits of Data Visualization?

      Data visualization lets us present sets of data through the use of...
      Read More
      Data Analytics Services for Small Business: Pricing Review

      Data Analytics Services for Small Business: Pricing Review

      As a small business owner, you’d better implement data analytics if you...
      Read More
      6 Best Practices for Small Business Analytics

      6 Best Practices for Small Business Analytics

      Today's successful businesses are propelled by the covert power of small business...
      Read More
      Data Analytics for SMEs: What You Should Know

      Data Analytics for SMEs: What You Should Know

      Operating in an ever-changing market, many SMEs are facing challenges and struggling...
      Read More
      How Your Business Can Benefit From Data Analytics Outsourcing

      How Your Business Can Benefit From Data Analytics Outsourcing 

      In recent decades, a lot of enterprises - large and SMEs, want...
      Read More
      Small Business Analytics: 4 Ugly Facts

      Small Business Analytics: 4 Ugly Facts

      Analytics is an important part of any business, but it's not something...
      Read More
      5 Data Visualization Trends in 2022

      Top 5 Data Visualization Trends in 2022 and More Years to Come!

      Due to the fact that technological advances are ever-changing, the future of...
      Read More
      7 Things to Consider When You Hire a Data Analytics Consultant

      7 Things to Consider When You Hire a Data Analytics Consultant

      The data analytics consulting industry is a rapidly growing market. The U.S....
      Read More
      Merge Data from Multiple Sources Effortlessly

      6 Detailed Steps to Merge Data from Multiple Sources Effortlessly 

      The advancement of technology has created many opportunities for the big data...
      Read More
      How to Identify Bad Data and 3 Excellent Ways to Improve Data Quality

      How to Identify Bad Data and 3 Excellent Ways to Improve Data Quality 

      Do you know that 2.5 quintillion bytes of data are generated every...
      Read More
      Top 6 common payment gateways for eCommerce stores

      Top 6 Common Payment Gateways for eCommerce Stores

      The world of online business is a fast-paced one. The ability to...
      Read More
      7 Huge Gaps in Google Analytics And Tools to Fix Them

      7 Huge Gaps in Google Analytics And Tools to Fix Them

      Google Analytics is a must-have tool in the toolbox of any e-commerce...
      Read More
      eCommerce advice: How to work with customers as privacy regulations are changing

      Ecommerce Advice: How to Work with Customers as Privacy Regulations Are Changing

      As the eCommerce industry grows and matures, consumers are becoming more aware...
      Read More
      Data Warehouse Trends 2022

      The Latest Trends in Data Warehouse 2022 

      The world has changed since the introduction of data warehouse. Data warehouse...
      Read More
      Searching for data to make critical decisions? Try these 8 sources

      Searching for data to make critical decisions? Try these 8 sources 

      Leveraging the gigantic database of your customers can help you seek insights...
      Read More
      5 Ways Data Science Can Boost Your E-commerce Revenue

      5 Ways Data Science Can Boost Your E-commerce Revenue

      The 21st century has digitized the world and provided a gigantic database...
      Read More
      6 Significant Impacts of Geography on E-commerce Conversions

      6 Significant Impacts of Geography on E-commerce Conversions 

      In online retail, e-commerce conversions happen when customers purchase products or services...
      Read More
      4 Insightful Books To Master Your Data Visualization

      4 Insightful Books To Master Your Data Visualization 

      Data analytics is like solving a puzzle. Raw data is a clue...
      Read More
      How Retail Analytics Can Help You Win Fraudsters

      How Retail Analytics Can Help You Win Fraudsters 

      Fraud has remained a big concern in the retail industry. The National...
      Read More
      How You Can Use Data Analytics for Better Inventory Management

      How You Can Use Data Analytics for Better Inventory Management  

      Inventory is the most important section of a company, ranging from different...
      Read More
      4 Significant Use Cases of Location Analytics in Retail

      Retail Location Analytics | Definition & Use Cases 

      Retail Location Analytics supports businesses with robust conditions to directly approach customers,...
      Read More
      10 Most Reliable KPI Tracking Software Worth Your Consideration 

      10 Most Reliable KPI Tracking Software Worth Your Consideration 

      With proper KPIs, you can keep track of your campaign’s performance and...
      Read More
      3 Tips on Selecting the Best E-commerce KPIs for Online Businesses 

      3 Tips on Selecting the Best E-commerce KPIs for Online Businesses 

      KPIs are always an essential part of any business strategy on the...
      Read More
      2 Ways Internal Data Can Benefit Your E-commerce Business

      2 Ways Internal Data Can Benefit Your E-commerce Business

      Simply defined, data is helpful information that you accumulate to support organizational...
      Read More
      8 Best Free Google Analytics Tutorials for Beginners and Experts

      8 Best Free Google Analytics Tutorials for Beginners and Experts

      Google Analytics is considered an indispensable tool to every website owner. It...
      Read More
      3 Clever Tips to Scale Your E-commerce Businesses With Data

      3 Clever Tips to Scale Your E-commerce Businesses With Data

      In the cut-throat world of business, entrepreneurs must compete fiercely with each...
      Read More
      10 Best Free WooCommerce Analytics Plugins for Your E-commerce Website  

      10 Best Free WooCommerce Analytics Plugins for Your E-commerce Website  

      WooCommerce is among the popular platforms that has been revolutionizing the digital...
      Read More
      Sentiment Analysis and 2 Important Factors to Analyze Customer Feedback

      Sentiment Analysis and 2 Important Factors to Analyze Customer Feedback

      Satisfied customers are a constant source of happiness to businesses. Usually, every...
      Read More
      Customer behavior analytics are transforming how retailer sell online

      Behavior Analytics Are Transforming How Retailers Sell Online Introduction

      Behavior analytics refers to the method of collecting and analyzing qualitative and...
      Read More
      How Emotion Analytics is Applied in the E-Commerce Analytics to Increase Customer Engagement 

      How Emotion Analytics is Applied in the E-Commerce Analytics to Increase Customer Engagement

      Emotions are verbal and non-verbal communication cues that play an integral role...
      Read More
      Retail Analytics Can Boost Your Merchandising Effectiveness

      2 Ways Retail Analytics Can Boost Your Merchandising Effectiveness

      Physical stores have been through a great transformation due to digitalization. The...
      Read More
      ar in Retail Analytics

      How Can Augmented Reality Be So Helpful in Retail Analytics

      In the age of innovative technology, retail e-commerce presents a number of...
      Read More
      retail analytics use cases

      Retail Analytics Use Cases: Comprehensive Guide

      Table of Contents[Open][Close]What is Retail Analytics?Effective Use Cases For Retail AnalyticsRetail Analytics...
      Read More
      retail analytics

      How to Boost Conversion Rates With The Use of Retail Analytics

      The rapid growth of the retail industry comes with big data and...
      Read More

      4 Effective Ways to Collect Customer Feedback for Analytics

      Understanding the importance of customer feedback helps businesses have a full view...
      Read More

      4 Ways to Use Speech Analytics for Better Customer Engagement

      A significant challenge for any business is getting deep insights about customers...
      Read More
      data science in retail

      Data Science in Retail | Use Cases & Famous Projects

      Data science employs specific methods, processes, algorithms, and systems to draw insights...
      Read More
      secrets of online shopping behaviors

      3 Big Secrets of Online Shopping Behaviors You Must Know

      Customers have certain online shopping behaviors that businesses in the e-commerce industry...
      Read More
      Customer Feedback Analysis

      Detailed Customer Feedback Analysis Guide 2022

      Customers have been leaving feedback more than ever before, and businesses amass...
      Read More

      Comment 2

      1. Awesome! Information. Great work thanks for sharing such useful information. keep it up all the best.

      2. Thanks for your blog, nice to read. Do not stop.

      Leave a Reply

      Your email address will not be published.

      Search here...

      Get a fully-stacked data team within 47 hours without making a hire. Our team of data experts help build your data infrastructure, create your metrics and much more. Available from day 1, so you can get a world-class data setup in record time.

      Contact Us