To Build or Buy a People Insights Platform?
Any people leader determining how to bring people insights into their organization is going to go through an evaluation process. Should we buy something? Should we build it? Should I dedicate resources? Should I not?
We recently spoke with a customer, Techstars on why they decided to work with Illoominus instead of building their own People Insights Platform. After careful consideration, Techstars determined that building internal capabilities to support HR Data Integration would be cost-prohibitive and challenging to identify resources with the required technical and business acumen to develop and maintain a proprietary solution.
Here’s why Techstars chose Illoominus to accelerate their people insights at a fraction of the cost and time:
1. Cross-company learnings
Illoominus’ proprietary, third-party benchmarking pulls data from 5,000 different sources over 100s of hours to tell the story of where Techstars stands right now.
2. Automated reporting for the whole team
The Illoominus platform automates the reporting process so that HR leaders can report click-of-a-button insights to departments and leadership teams… and so that leadership can understand what’s happening in the organization.
3. Ongoing access to best practices
New features added on a quarterly basis and ongoing platform maintenance based on feedback across our Community of 250 People Leaders. Regular opportunities to connect with leaders on their best practices for HR data programs.
10x faster insights
Customer onboarding takes a fraction of the time of internal builds or even maintaining a spreadsheet
Uplevel your ability to have contextual data to support your internal insights
Reasons customers have chosen to leverage Illoominus to accelerate their people insights instead of going at it on their own-
Building and maintaining integrations
Maintenance and cost of third party benchmarking
Data health preparation and reformatting for predictive analytics
Saving time for team to work on high value work by leveraging our click of a button and board-ready reports
Fraction of the cost to build + maintain
Factor in ongoing maintenance costs
Internal-facing analytics takes time when you could use this capacity to address opportunities
Additional hidden costs to consider when building internal workforce management tools
Alignment with the business and design planning
Building integrations and maintenance
Learning curve to trial and error a data model
Maintaining data health + integrity
Database costs
Time to understand business requirements
Learn more about how Illoominus can get your team all set up in just a few weeks.
