The IT outsourcing sector was staring at a potential end of an era because of the devastating economic impact of the Covid 19. Lack of economic activity and consumer demand resulted in a severe dip in product development. This prompted enterprises to downsize their contracts with IT solutions vendors. However, as part of their business continuity strategy, the IT outsourcing sector regained its relevance. An accelerated digital technology adoption and remote work environment are some of the factors that spurred outsourcing of IT solutions. This trend is expected to continue in the coming years. On this note, here’s a look on the 4 critical benefits of outsourced IT solutions in the post-Covid 19 era.
Making up for staff shortages
The imposition of lockdowns across some of the major manufacturing hubs will continue to create resource shortages onsite. Employers have started adapting to such a scenario by embracing the remote working framework. This has boosted the scopes of IT solutions vendors. They have the necessary infrastructure and resources stationed at less affected regions. This allows them the bandwidth to execute an entire project for their client by connecting remotely.
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Opportunities to save on operational costs
Cost savings is one of the main agenda of employers who are recovering from the pandemic. Outsourcing to IT vendors is an ideal solution to make operations more cost resilient. Outsourcing product development jobs to offshore vendors will mean less investment in office spaces, utilities, security, transport, and other associated costs. An outsourced team can be scaled to operations as per demand. This means that an enterprise is obliged to pay only for what they have availed. This is a critical advantage for enterprises as the economy is yet to see a demand and supply equilibrium at the backdrop of the pandemic.
Drive the digital adoption
Digital adoption has seen a two-fold increase in the last two years. Digital technologies help to support remote work infrastructure and marketing campaigns. However, not all enterprises have the required capital or expertise to use cutting edge tools. Procuring digital tools by such enterprises brings an additional burden on the IT team. Outsourced IT solutions providers update their infrastructure with the latest digital innovations. This helps them to drive their core competencies. They provide their clients an access to these technologies at no extra cost. They also train the employees on the intricacies and business benefits of these tools. This facilitates an enterprise-wide education on a tool usage fanning better digital adoption.
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Access to skilled labor
Enterprises are speeding up their product development pace. Investing time into hiring and training new resources will only decelerate the product development phase. Outsourced IT solutions vendors have the necessary infrastructure and industry experts to get started with the development project. As per the contract SLA, they commit themselves to a particular deadline. IT solutions vendors are known to either finish the project before the deadline or end at the promised time. Such an assurance is critical for enterprises who aim at faster product launch and marketing to make up for the revenue losses due to the pandemic.
It is absolutely necessary for enterprises to assess their short and the long-term business requirements before partnering with an IT solutions vendor. Every enterprise has their unique requirements. This makes it imperative for enterprises to ensure that the vendor’s resources and expertise is attuned to their business requirements. This will help driving a fruitful partnership and a better ROI.