In today’s business environment, data has emerged as the most critical component of business continuity and expansion. Databases, irrespective of sales, marketing, accounting, product development, or finance contribute in their own unique way to a business. But during the course of sustaining in the industry, many businesses find the hard way that database maintenance is a task they would prefer to delegate to others. There are some distinct advantages to this operating model. Some of them are outlined below:

• Leveraging of vendors’ skill and experience across multiple clients and profit centers
• Shifting of technological complexities to vendors’ plate
• Freeing of additional lines of business so businesses can focus on their core competencies
• Cost containing your cost centers

A typical database maintenance model encompasses these services:

• Creation and maintenance of business databases and directories, technical and scientific databases, compilation of mailing addresses and customer lists
• Compilation of secondary research data to complement primary research
• Data validation to ensure accuracy of primary research

A database maintenance outsourcing model works in the following way:

• Needs assessment is done and long term objectives are envisioned
• Project buy-in, sponsorship and budgeting are accomplished
• A project calendar is developed
• A partial list of vendors or providers is generated who you think is qualified enough to warrant an RFI from you
• Preparation of the RFI
• Evaluation of the RFI submissions and a partial list of three to five vendors are generated. These vendors are potential candidates to receive your RFP
• Preparation of a detailed RFP document
• Evaluation of vendors
• Selection of a vendor and execution of the outsourcing contract

Through a planned, strategic outsourcing of your firm’s database maintenance service, you can gain a comprehensive cutting edge in the market. The ways by which you can enhance your competitive edge include:

• Significant cost containment and structuring
• Significant improvement in operational quality
• Access to a wide pool of knowledge and intellectual property
• Collaboration strengthened by a legally bound contract
• Access to operational and technology expertise and best practices
• Mitigation of staffing issues
• Improved capacity planning and management
• Reduction in time to market of your products and services
• Improved standardization of key business processes
• Better approach to risk management strategies
• Better access to VC and private equity pool

Your database maintenance project needs to adhere to the following components in order to have a successful delivery cycle and implementation:

• Development of a clear project scope and schedule
• Team members’ evaluation and interviewing
• Process mapping and workflow analysis
• Detailed analysis of all project artifacts
• Development and testing of a “prototype” model
• Team training
• Documentation, ramp up, resource allocation, etc.

Outsource your database maintenance and creation efforts to Global-Ability and experience service quality like you have never experienced before. Our accuracy in compiling and assimilating data has set a benchmark in the industry. Our scope of database services spanned across a multitude of domains including finance, law, telecom, healthcare, financial services, aerospace, etc.