Do you know in 2019, global Information Technology Outsourcing services generated nearly 66.5 billion US dollars?
India is one of the most popular and efficient outsourcing hubs when it comes to outsourcing IT requirements to Asia. Some of the advantages of outsourcing are cost-effective and quick turnaround time in the market.
However, before you arrive at a final decision, you also need to keep in mind many different factors. These factors are important as if they are not taken seriously, can backfire on your company anytime, and result in time loss, additional costs, and failures.
By following the practices listed below, you will not only find the perfect IT outsourcing partner but also build a competitive advantage over other companies in the market.
1. Aids to the overall Efficiency
Your company can easily find solutions to issues with the help of experienced outsourcing vendors. It might sound attractive to have an in-house team on board, but the experience that you can get from the outsourcing team of professional technicians can help you a lot in your future. This will increase the productivity and efficiency of your business manifold.
2. Cost control
It might sound very entitling and accountable to have an in-house team, but can your finances, shelter your company’s software licenses, maintenance costs, hardware expenses, cloud-subscriptions, salaries, and other support items? If you have the option of outsourcing, you can easily invest in such an in-house team.
One of the biggest advantages of outsourcing applications is cost reduction. Entirely from a business perspective. Once you invest in offshore outsourcing, your costs are saved relative to the previous condition of your company.
One of the major reasons why any company would be investing their money and resources in IT outsourcing is the expertise that follows through it. These vendors can provide you with all the special features and requirements that you need through their experience and expertise in diverse fields. Additionally, the IT outsourcing partners provide companies with 24/7 service which is way better than what an in-house team provides you.
4. Reduced workforce investment
You do not require to invest in the recruitment and training of your workforce if you are outsourcing your tech services. You also get to hire a competent outsourcing vendor by outsourcing tech services that will significantly alter your infrastructure requirements.
5. Competitive advantage
Every business owner nowadays is hustling hard and trying to get better each day with high efficiency and innovations in today’s competitive and demanding world. You can see a significant rise in your organizational productivity if you outsource IT partners. You will be ensured that you are staying ahead of your competitors through the performance measurements and continuous improvements that are offered by your outsourcing vendors.
6. Improved core functions
You can focus on other important aspects of your business. It includes investing in development and research, brand building, and strategy development. All these will increase your value once you outsource IT partners for your company. It will also ensure your business application management process is secured. You are also provided with the chance to deliver your project in a minimized time as it hits the market at the same time and moves at a quicker pace.
7. Enhanced security
You need to protect your information and data from cyber-attacks if you want to organize an in-house team. Outsourcing vendors on the other hand provide outsourcing services along with the security to fight against such cyber-attacks. They are not only experts in dealing with such attacks, but also provide their customers how they’ve dealt with industries in the past through their experience.
How to select the right tech partner
1. Pick a flexible partner
For your project, your outsourcing partner also needs to be flexible. The chosen outsourcing partner must be flexible enough to deliver any kind of solution or when a certain problem or change of plans arise. This aspect is very much crucial, especially when you and your partner live in different time zones. You must shake hands-on being flexible enough for your company before finalizing your outsourcing partner.
2. Assign a Budget
Costs are one of the most underrated aspects of IT outsourcing as if not overlooked it will not only cost your relationship with the IT vendor but also the credibility of your project. You need to know about the price of superior services offered by a superior outsourcing partner and decide wisely as it will cost higher than the average.
You need to first figure out the amount of money you want to invest in the project you are dreaming to build and then talk about your budget to the outsourcing partner that you have selected.
3. Prefer Agile strategies in your development process
By managing customers’ ever-changing requirements is the only way to survive in today’s market. You need to apply strategies that are quick and agile to adjust to the changing needs of your customers.
Agile and quick strategies provide people with a highly-adaptive environment and get fast results. Always hire a vendor who follows agile strategies so that he/she can adapt to the dynamic requirements of your clients if you want to be a leader in your company.
These are the tips to select the most suitable IT outsourcing partner to address your development needs. Following these tips will enable you to land the best partner with great long term bonding.
We hope that the information we have provided here will help you to select an outsourcing partner for your business. We believe that IT outsourcing is the most useful and cost-effective method to get the maximum benefits from your investment. During our ten-year journey in the world of IT outsourcing/offshoring, we served clients in 20 countries. We can be that partner for you. Talk to our experts today so we can get the conversation started!