Modern era is ruled by big data and analytics. Most of the businesses across the globe face the challenge to how soak up the value from all the data that is being collected and then transform it into insights. Insights-as-a-service offers many advantages to companies that are using data to their benefit. Insights as a service offers many applications such as task specific analytics, an explicit description of the business process and vertical industry knowledge. These applications of insights as a service expected to drive the growth of insights as a service market globally over the forecasted period.
There are many ways that insights as a service can be offered such as business benchmarking, improving business productivity and business process improvement services. Business benchmarking services help corporations compare their businesses with their competitors who have hired the services of the same SaaS vendor. Insights as a service helps in improving business productivity by integrating syndicated data with client data and reducing client service request response time.
Organizations around the globe investing huge amount of money in the process of extracting actionable insights from the data and to do this at a reasonable cost, organizations need to have their infrastructure and resources. Insights as a service provide a timely solution at a lower cost which expected to fuel the growth of insights-as-a-service market over the forecasted period. Insights-as-a-service is not only used to drive information from data but also helps in finding other data sources that can help to answer specific business questions which also expected to drive the growth of insights-as-a-service market over the forecasted period. Insights-as-a-service depends on the Saas solutions for insights as well as the data which will act as a drawback in the growth of insights-as-a-service market over the forecasted period.
