Higher expectations create loopholes for competent software engineers and a lack of qualified specialists, causing a real mess worldwide. Just for reference from the International Labor Organization, almost half a billion jobs couldn’t be filled because there weren’t enough skilled employees in 2020.
The good news is an ideal mix of outsourcing IT services and a committed team model yields a game-changing solution. Businesses can handle staffing shortages and build a team of devoted specialists if they hire a dedicated team from outsourcing.
Let’s see what you get from such a collaboration!
Why Hiring External IT Specialists Is a Good Idea
According to research, many companies outsourced their services in 2022, spending over $700 billion on an outside workforce. Obviously, IT outsourcing is becoming more and more popular and beneficial as well for businesses.
Here are just some of the most prominent examples of companies that outsourced their projects to external vendors:
- Google: To save money, this giant corporation outsourced IT specialists to help with some of its projects, such as IT management and server development.
- Slack: Slack has outsourced its mobile app development project. Thus, a dedicated team has built an MVP for customers for their satisfaction.
- Expensify: This company hired an external IT service provider to create a backend component of their project.
- Alibaba: Alibaba, a Chinese commerce behemoth, has outsourced the design of its website. Further, awesome of the website features were built by outsourced IT specialists that capture more customers.
- WhatsApp: The iOS version of the popular IM was fully outsourced to a separate development team.
- GitHub: The leading online service for hosting IT projects has entrusted a big part of its website backend development to the specialized development team.
So, if you are still doubting whether IT staff augmentation is a way to follow for you, stop doing so. The above examples prove that this collaboration can be effective for your business.
Key Benefits of Outsourcing Software Development
The worldwide IT and development outsourcing industry is massive. According to Statista, the market for software development outsourcing is predicted to increase at a compound annual growth rate of 8.48% between 2023 and 2029.
While many businesses consider outsourcing a last option, most use it by default to expedite the creation of creative solutions and promote corporate growth. After all, such a partnership offers multiple benefits.
1. Reduced Project Costs
According to Statista, working with external IT service providers may help companies decrease their development costs by 60-70%. Here’s why: while creating an app, your company will need to handle various aspects of the development process.
Partnering with a service provider allows you to reduce operating costs. The outsourcing business pays employee salaries and taxes. Vendors can manage infrastructure and equipment for an agreed-upon price, allowing you to be more cost-efficient.
This approach may be especially beneficial for small and medium-sized enterprises that lack the resources to establish in-house teams.
2. Access the Global Talent Pool
Whether you’re outsourcing a single project or your whole DevOps process, working with external suppliers provides access to specialists on a global level, rather than just your own business.
You may access the worldwide talent pool and evaluate various work cultures, hourly rates, experiences, and more. Further, you may obtain access to world-class professionals with knowledge of a variety of solutions or unique technologies that would be difficult to locate in-house.
3. Increased Knowledge
When collaborating with an experienced IT team, you can benefit from their fresh viewpoint, unique approach, and creative ideas. Typically, these specialists bring to the table their extensive knowledge from working on diverse development projects.
Moreover, they may even provide significant insights and ideas to personalize the final product to your exact specifications. In this way, you will get some creative and innovative solutions to your project problems.
4. Flexible Team Structure
Development cycle times might vary and may require more resources than anticipated. Several factors might influence it, including market trends, project scope, client expectations, and the work process. Complex and extensive software engineering projects sometimes need workforce changes, whether upscaling or downscaling your team.
These in-house personnel changes cause extra delays and costs for your project and company, resulting in unneeded difficulties and paperwork. Outsourcing IT projects allows you to adjust teams, with the option to scale down or up at any step of the development cycle according to your requirements.
5. Faster Development
Partnering with an outsourced IT team may help reduce the development efforts, particularly if you’re starting from scratch and lack the essential infrastructure. Aside from that, you may use these teams’ skills, experience, knowledge, and practices to accelerate the development process even faster.
This enables you to focus on laying the groundwork for a faster market launch of your solution. Being able to sell your product fast helps to minimize income loss, missing market opportunities, lower customer happiness, and potential brand reputation harm.
6. Access to New Technologies
Keeping up with technology changes is critical for a company to thrive. Partnering with an external development team enables your business to benefit from fresh technical skills and access cutting-edge technology solutions.
Technology is changing at a dizzying pace, yet some organizations and corporations are still having difficulty moving from outdated systems to more current digital infrastructures. Having outsourcing at your disposal allows you to remain competitive in your industry, even if your company’s digital skills are still lacking.
Conclusion
Outsourcing your project to a dedicated specialist and development team may expand the possibilities of your project. This procedure will help you get access to global talent for near-perfection of your project to get the best outcomes.
With access to top talent for the acquisition of global experience and flexible processes that are expertly, according to your requirements, you can forget about managing your in-house staff daily. Let your business reach new heights — outsource IT tasks to specialists for better outcomes.
