Hey there, and welcome back to today's podcast! I’m your host Sam, and today we’re into a question that’s on every small business owner and startup founder’s mind. It goes, “Is outsourcing your data tasks actually worth it?” Or is it just one of those things people hype up?Let’s be real here. Running and sustaining a business today is no joke. There are a lot of things going on behind the scenes, like marketing, customer service, product development, and sales. And handling data is one of them. Like many other people, you might be trapped in making entries in Excel sheets. And at the very same time, your other tasks suffer, don’t they?This is where the idea of outsourcing data tasks comes in. It’s a common practice, and for good reasons, it’s actually helpful. So, you don’t have to do everything on your own. Hire data specialists and delegate things like data entry, cleansing, and formatting to get some crucial hours for thinking about how to scale up and make customers happy.In fact, a Deloitte Global Outsourcing Survey found that 59% of businesses outsource to cut costs, but over 57% now do it to focus on core business functions. It is a big change in the market, which is not inspired to increase savings but to work smartly.Considering outsourcing data input services, these are specialised solutions that an adept team offers, which might be located overseas or doing it virtually. Let’s say you have thousands of order forms, inventory logs, CRM updates,s, and pieces of customer feedback. Instead of onboarding an in-house team, hiring remote data specialists can be an efficient deal at a fraction of the cost.If you think that quality and security can be a concern, which they actually can, you need to focus on certain things like confidentiality, accuracy, and compliance. So here, your choice of the right company, but not the cheapest option, will matter. Certain signals, like reviews, will help you to simplify this process. You may start with a trial or a pilot project to estimate its quality.Another underrated perk is the access to skilled professionals. They are skilled professionals that set you free from the headache of recruitment, training, or worrying about paid leaves. These are pros that are aware of how to structure data, clean errors, duplicate, and make sure everything is where it is required. This effort can seriously improve your decision-making and business performance.Here's another interesting stat which states that IBM reports that poor data quality costs the U.S. economy over $3.1 trillion annually. That’s mind-blowing, right? Clean, well-managed data is not a requirement but essential.So, the concern is, Is it worth- I must say yes, it is. If you do it right, outsourcing can not only save money but time also. So, you get sufficient time to think of what to do next.Alright, that’s a wrap for today. Thanks for hanging out with me on this podcast. If you found this helpful, don’t forget to follow, rate, and share this episode with someone who needs to hear it.

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