The technology sector is in a complicated situation since the pandemic. Companies have an urgent need to incorporate modern tech solutions and develop business applications because they greatly improve service and product delivery capabilities while reducing costs, but companies are unable to shell out the initial budget needed to build an IT team to get the solution rolled out because of budget cuts since the pandemic.
And that is why we’re writing this article about outsourcing technology talent. It i the perfect solution for organizations of all sizes. The initial cost is reduced while getting a product of excellent quality and capability.
Here’s why you should you hire a technology company to digitize services and processes:
Expert skills at a much lower cost
Today’s technology is extremely advanced. Building a chatbot for your website or app can involve incorporating machine learning algorithms, AI capabilities, virtual reality, and basically any other of the numerous solutions available.
This requires a team of proficient individuals. Setting this team up internally will require a massive budget, not to mention costs of additional personnel like managers, and additional utilities.
When you outsource, you pay for the project, while getting the firepower of an entire expert team. This works out much more efficiently. The only downside is you may not be able to micromanage the team because they are external to your org, but that is a small bump as compared to the benefits of outsourcing.
You Can Focus on Core Processes
Outsourcing the tech department open up space for your team to focus on business – on growth via sales and marketing. Your team can work on tasks that are essential and relevant to your business and let the outsourced technology team simultaneously work on building your digital product.
This is especially important for businesses whose core is not technology. For an insurance firm who wants an online solution for claims handling, it does not make sense to hire a complete tech team to build the product. They may not even have the expertise to hire the right talent.
Such businesses especially can save a massive chunk of their budget and also get better results by outsourcing to experts.
Continued Support and Security
The job does not end once the product is live. Every digital solution needs calibration, updates, support and security against hacking and cyber threats. This, again, will not be easy for businesses whose core competency is not technology.
With an outsourced team, you can get continued support and security by paying a retainer that is a fraction of the cost of setting up an entire IT team. This also mitigates any online risk your business may be vulnerable to once your business product is live.
We’re living in pretty uncertain times right now, but we still have to move forward. Businesses cannot afford to postpone digitization indefinitely in the hopes of things getting back to normal.
The smart thing to do, in any area of business, is to opt for a solutions that costs less while delivering the same or better quality. That, for digital products, is outsourcing.
If you’re looking for a tech product, a mobile/web app or an solution, drop us a message for a free consult.