Data management outsourcing

In today's world where digital disruption has changed the way we work and work from home and remote work environments create advancements and disruptions, Managed Outsource Solutions MOS provides manpower, skills and deep rooted experience to create an outsourcing model that is affordable, sustainable and adaptable. MOS is one of the leading global business process outsourcing companies BPO company that supports small to large companies across industries through several services focused on bringing innovation through, technology, artificial intelligence, digital mastery and of course our experienced and talented teams. The strength of MOS is derived from top management, our national and international teams, our excellent senior solutions managers, and perfect union of people, processes and technology. Working from the motto " Solutions and Beyond ", we have developed numerous solutions, utilizing both domestic and international resources, to offer value-added solutions to clients. We are constantly researching and developing these resources to better serve our clients. Call us for a free outsourcing solutions consultation at

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Content:

• "Reference Data Management in Financial Services Industry"
• Outsourcing
• Data Topics
• Data Management & Outsourcing S.A. (Ecuador)
• Technology, Outsourcing & Data
• Data Analytics Outsourcing to India: Does the Emperor have any Clues?
• The Best Practices in Data Capture Outsourcing
• Why You Should Choose Wilkinson Associates for Your Data Management Outsourcing

WATCH RELATED VIDEO: PRA – new rules on outsourcing and third-party risk management

"Reference Data Management in Financial Services Industry"

Organizations are bewildered by the multiple data privacy regulations across countries. Even though the common privacy principles across these regulations remain the same, the challenge is the lack of required competency and resources to meet the mandated privacy requirements. One of the best ways to tackle this challenge is to outsource data privacy services.

Contrary to popular belief, outsourcing privacy services has various direct and indirect benefits. This include secure data processing, reduced overhead costs, and improved business efficiency, along with access to expert recommendations that comply with regulatory requirements and help improve brand trust. Outsourcing data privacy service helps organizations focus on their core competency by simply governing their data privacy program. Various new types of services have started evolving since the inception of GDPR, such as privacy automation services, digital process operations DPO as a service, and privacy compliance services, among others.

These services have helped organizations efficiently manage the burden of securing their data privacy objectives. Let me give a quick example of how this can work in favor of various industries. Suppose we have an international bank whose core competency lies in retail banking and wealth management. Now, the bank may not have the required expertise or resources to manage these privacy compliance requirements.

Some of the steps toward achieving this goal include building an in-house data privacy team, establishing policies or procedures, and procuring the right privacy tools. However, this usually proves to be resource-intensive, time-consuming, and expensive proposition.

The other way is to avail data privacy advisory, consulting, and operational services that are personalized and customized to their unique business needs, which saves on resources and on-boards greater expertise.

However, an organization needs to understand the risks and benefits of outsourcing data privacy services, such as:. Depending on the existing privacy maturity of the organization, the top management must decide on the different services that need to be outsourced. If they are unsure of the requirements, organizations may avail an advisory and consulting services provider to help evaluate their privacy posture first. A company can consider several outsourcing options:. It is necessary to evaluate the security posture of the vendor to understand the risks involved in outsourcing the services.

An organization must consider various factors before choosing a service provider. Both the organization and the vendor must sign the data processing agreements and NDAs that are legally binding privacy documents. The key risk here is not having a legally sound agreement, leading to regulatory scrutiny or fines levied at a later stage of the project over non-compliance with the obligations.

Thus, the contracts and the data processing agreements must clearly define the roles and responsibilities of each organization and the data protection controls to ensure compliance with regulations. A clean data processing agreement must also clearly call out the scope and purpose of the processing of personal data. Few key clauses to be included in a data processing agreement are:. Thus, organizations must take the help of data privacy automation solutions to cater to these regulatory requirements.

These solutions require integration with the existing IT systems of the organization. For example, a vendor may utilize a SaaS application for the fulfillment of DSAR requests that integrated with various on premise and available cloud data stores.

An organization may use multiple types and sensitive personal data in their business processes. While outsourcing data privacy services, they must be sure of the type of personal data processed by the vendor and the criticality associated with it.

Organizations must also evaluate the risk of exposing metadata to the vendor and respond appropriately to reduce the visibility. This is very essential because any kind of data breach or leak at the vendor level may expose the complete data of the organization. In order to mitigate these risks adoption of various solutions available in the market, such as data masking and encryption techniques can ensure adequate data protection every time.

A point worth noting is that GDPR has also mandated pseudonymization of personal data while at rest and in transit. When we talk about personal data protection, the key factors include how data is stored, processed, and purged. Few aspects to evaluate are:. Many SaaS providers use their cloud instance to store and process personal data related to the services they offer. Thus, the best way to get a secure data handling mechanism is to align the vendor agreement for personal data storage to the data privacy policy of the organization.

Organizations must ensure that data is stored, processed, and retained as per regulatory obligations and keep a periodical check on the vendor for the same. In general, organizations have vendor risk management VRM established to audit and evaluate the key risks involved during the lifecycle of the project. However, a standard VRM framework may not suffice to evaluate the privacy risks due to outsourcing of data privacy services.

These audits are bound by various privacy regulations, which have very specific requirements for continuous monitoring of personal data processing. A few key aspects to consider while setting up vendor audits for data privacy are:. Outsourcing data privacy services helps organizations focus on their core competency by simply governing their data privacy program. As is evident, managing a data privacy regime is not simple and entails many micro-processes to comply with various regulations.

For a non-IT products and services organization bound by data privacy regulations, it is highly recommended to outsource certain data privacy processes. How to wield the product management role as an effective catalyst. Digital Transformation with an API- led integration strategy. Digital dexterity and Inclusivity — make this a part of your hybrid workplace model. View Tags. Covid Covid July 13, Related Blogs. How to wield the product management role as an effective catalyst Ananth Subramanya.

Digital dexterity and Inclusivity — make this a part of your hybrid workplace model Rakshit Ghura.

Outsourcing

Running a business needs the best decision-making skills to thrive. The same goes for planning. However, your plans can only become more helpful if you have reliable data to help you make informed decisions. Data in its raw form can be useless to any business. There are great opportunities for growth and change that might get lost just because sets of data are messed up.

Data Topics

This model helps to fulfill essential regulatory obligations for biopharma companies who may lack their own internal oversight resources. If a sponsor is willing to give control of some study activities to a vendor, the sponsor should take measures to ensure the vendor is delivering products or services of acceptable and repeatable quality. Documented processes should be followed to ensure that quality data is received from vendors, as well as to evaluate vendor services consistently. In such situations, an increasingly popular solution is to contract a specialist CRO such as Cytel, to oversee data management deliverables of the primary or full-service CRO on their behalf. This provider can represent and act on behalf of the sponsor to provide a second pair of eyes on the primary CRO's deliverables and consulting on best practices and process improvements. There are very measurable benefits of this model:. The sponsor benefits from budget savings by retaining a virtual structure for the specific tasks associated with data management oversight. This role results in invaluable and proactive feedback to the sponsor that assures compliance with SOPs, GCP and industry regulations.

Data Management & Outsourcing S.A. (Ecuador)

Everywhere you look, you know the times are changing. In the last two decades, especially, the world and subsequently, businesses have gradually shifted into the digital sphere. It seems that every day, there is a new opportunity to digitize a new function of b business, making industries and markets follow suit. With these modern changes come new contemporary challenges. Companies must continually find new ways to keep abreast of the changing times; one viable way is Data Capture Outsourcing.

Technology, Outsourcing & Data

Organizations are becoming increasingly data-driven today. We see online transactions, e-commerce, artificial intelligence, machine learning, analytics, and more, all requiring databases for their successful application. Most of these database tasks are labor-intensive and require extensive skill, experience, and cross-functional knowledge. Organizations are changing the way they perceive their development and bringing unrivaled opportunities to seize. Smaller organizations may have one or two databases to deal with, but large organizations have thousands of databases and a number of DBAs to support them. Economic volatility is also making them consider cost-cutting methods while looking for greater efficiency and people with the right DBA skills and experience.

Data Analytics Outsourcing to India: Does the Emperor have any Clues?

Sam studio is a outsource data management services provider. We offer data mining, data entry, data processing, data conversion, electronic publication, data analysis and OCR services to our globalized customers. Sam Studio offer professional data management services outsourcing to multiple business industries. We are professional outsource services provider delivering data management solutions to your multiple business requirements. Our outstanding team of data management professionals will understand your any kinds of data management requirements and delivers best class data management solutions within fast turnaround time. Outsource Data Management Services Provider. We can manage your data in a secure manner by clearly entered, indexed, filed, saved and ready to share it. Sam studio provides highly accurate and professional data conversion services to your various business purposes.

The Best Practices in Data Capture Outsourcing

To answer this question, let's ask another: Can you predict the future? Can anyone? In , Michel de Nostredame, more usually known as Nostradamus, published "Les Propheties," a collection of poetic Quatrains. To illustrate how popular predicting the future is, the book has not been out of print since!

Why You Should Choose Wilkinson Associates for Your Data Management Outsourcing

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Information is extremely valuable. It improves overall business performance. Since , KeyUA has been successfully providing data processing outsourcing services of any complexity. Our team creates automated solutions for various industries to help businesses become more efficient.

We provide clients with legal guidance to navigate digital transformation, helping enable businesses across sectors to remain competitive, exploit new business opportunities and improve business resilience. Organisations across all industry sectors are increasingly adopting and upgrading IT systems, deploying new technologies and engaging in digital initiatives to remain competitive, exploit new business opportunities or improve business resilience. In many cases, technology may be the catalyst for transformation in a business or sector. Our cross-border team of technology, outsourcing and data specialists guide clients through complex IT procurement projects, help manage compliance risks and support the legal evaluation of new technologies. Advising a global professional services company in relation to the roll out, development and expansion of its business in the Middle East region, with a focus on the provision of IT consulting services, outsourced solutions, the sale and re-sale of hardware and the sub-licensing of third party software.

We are a leader in powering Start-ups, SMBs, and Large Enterprises through our high-quality data management solutions that promote increased efficiency and productivity in your non-core business processes. Power your Business with our Data Processing Solutions. Lower operational costs and Increase your profits.