Managed Services, in simple terms, is the transferring of day-to-day business activities to an external vendor. Companies have long favored the conventional break-and-fix model over managed services, but this has changed in recent years. Managed Services Providers (MSPs) have evolved to the role of a strategic partner that takes on, transforms, and runs business operations and processes to improve operational quality and efficiency on a long-term basis.
The global managed services market is projected to grow at a CAGR of 12.6% to reach $557.1 billion by 2028. This growth is mainly attributed to the following factors:
- Reduced total cost of ownership
- Faster time-to-value by piggybacking the MSP’s learning curve
- Scalability and ease of adopting new technologies
Managed BI Services is leading this trend, owing to the increasing demand for actionable insights, the need for a robust data governance framework, and growing adoption of IoT, big data analytics and cloud-based solutions.
Bristlecone offers a large spectrum of BI services under our Managed Services umbrella. We leverage our domain and process expertise to help customers achieve operational efficiency and process optimization. Additionally, we have helped organizations from different domains derive actionable insights, maintain their BI landscape, and keep pace with the evolving BI trends and technologies.
Here’s an overview of Bristlecone’s Managed BI Services offerings –
Bristlecone’s flexible engagement models promote shared oversight and control to ensure collaborative decision-making and alignment with your organization’s goals and priorities.
Some of our customers have achieved –
- 30% cost reduction in infrastructure setup, maintenance, and hiring and training of BI personnel
- 25% increase in employee productivity by leveraging Bristlecone’s BI experts to handle the technical aspects of BI management
- 20% reduction in total cost of ownership
- More reliable decision-making with improvements in data accuracy, consistency and integrity
We helped a major automotive manufacturer save 40% in support costs and maintenance overhead on their BI reports. Bristlecone’s team of BI experts did a complete BI landscape assessment and were able to identify and decommission over 500 dashboards, which were either inactive or covered duplicate KPIs. Check out the case study here to know more.
By converting the CapEx of maintaining an in-house BI team to the OpEx of outsourcing your BI requirements to a reliable BI partner, you can achieve cost savings, increase operational agility, and allocate resources strategically to focus on core business functions and innovation.
Interested in exploring how we can assist you with your evolving BI requirements?
Contact us at info@bristlecone.com to request an introductory meeting.