Until recently, it was believed that IT contractors were preferred for just web development and fintech projects. However, it turns out that IT contractors will have a major role to play in future business intelligence (BI) projects.
Today, businesses are vying with one another to grab a larger share of the markets they operate in and also to gain a foothold in newer markets. This means businesses require BI that has to be properly collated and analysed to make informed business decisions and also to create business strategies. Therefore, there will be a surge in the demand for IT contractors for BI-related projects.
Based on a study by Robert Walters, a professional recruitment group, 54% of businesses have plans to hire an IT contractor to help with the dramatic increase in projects that require BI. However, just 33% of employers said they would hire a full-time IT specialist.
The report went on to state that businesses now have to implement new systems to cope with the data they have been collecting. Therefore, they need freelancers and contractors to assist in this upgrade and subsequent implementation. As a result, the market is ripe for contract IT workers.
The findings by Robert Walters show that businesses have extremely high expectations from their BI departments to deliver analyses and insights. This was apparent from the at least 10% increase in BI budgets over last year made by most study participants.
Ahsan Iqbal, Associate Director of IT Recruitment at Robert Walters, states that employers will turn to IT contractors that specialise in BI to cope with the growing workloads. However, as the role of BI departments broadens and grows, employers will have no other option but to increase their permanent IT staff to seamlessly manage the long-term workload increase. However, for the present, it looks like IT contractors have an edge in BI projects.