Building analytics function requires long term commitment and extensive resources. An organization has an option to seek analytical help from in-house resources or from outside analytical vendors or use both in parallel.
Any organization needs to spend considerable time and money to recruit and train in-house analytical help. At times they may not possess the required know-how to recruit such specialized staff or decide on the technologies that would be best suitable for carrying out analysis.
In these circumstances they rely on analytical vendors like Ronan Analytics. Such vendors can closely work with the management team to help the organization to adopt analytics. The organization has to trust and co-operate with the vendors while sharing their data and researching it to make the analytics engagement a success.
Organizations can follow another model in which they build an internal team to manage their relationships with an external analytical vendor. Many analytically mature companies resort to this to supplement their internal efforts.