Over the years, information technology has gradually become an indispensable part of businesses. Conducting market research, finding new markets, interacting with customers are the areas in which companies have to rely on IT to drive business growth.
However, setting up an in-house IT operation and maintaining such an operation’s relevance and efficiency can quickly drive up expenses. And it’s no surprise that both large and small businesses are beginning to outsource IT operations to software development companies who provide top-tier IT services to facilitate uninterrupted workflow while also reducing business costs.
It’s predicted that by 2022, the global IT outsourcing market’s contract value will exceed $409 billion. With this data, it is safe to say that demand for IT outsourcing is increasing globally as more companies opt to transfer their IT operations.
Outsourcing IT services is strategically good for companies to channel their available resources to areas where they are most needed. It’s easy to understand why many businesses jump on it. While there is a long list of reasons why companies choose to contract IT staff, we discussed the three of the major advantages below.
Cutting Operating Costs
This is certainly one of the most obvious advantages of outsourcing IT services. Building an in-house IT team requires a significant chunk of the overall business capital. And just like any other team in a company, you’re looking at monthly salaries, employee benefits, office expenses, and maintenance. Investing your time and money in building and managing an in-house IT team will certainly bring in lots of value for your business.
But here’s the catch, you can get the same value or even more with much less investment by outsourcing your IT assets to seasoned professionals who do not require incredible resource investment on your part. This tremendously decreases capital expenditure while raking in profits for your business. On average, companies have been known to see a 9% reduction in operating costs by outsourcing.
Matching Relevant Skills With Current Needs
Change is imminent in today’s fast-paced world and often comes much quicker than you’d expect, especially in the computing and ICT industries. Therefore, your in-house IT staff’s valuable skills will quickly become obsolete as the industry rapidly changes.
Now, there are two ways you can approach this. The first is by ensuring your employees acquire the most relevant skills to meet your current needs. This will require training and probably an upgrade in both hardware and software and will most certainly cost an incredible amount of money.
The other option is to contract industry-specific professionals who stay on top of their game with the industry’s most relevant skills. Continuously training your staff and keeping up with the industry’s never-ending changes is very expensive, and it’s a no-brainer that outsourcing will work best for your company.
Faster Integration Of New Technology
This is another valid reason why outsourcing IT operations trumps having an in-house team. Keeping up with the rapid changes in the IT industry is expensive even for big brands, and for smaller businesses, this can be a major challenge.
However, with third-party IT companies and professionals who stay abreast with the industry changes, you won’t have to bear the burden of training your employees. Instead, you can work with experts who already know the newest technology. This way, you will stay updated on current IT solutions, which boosts efficiency and competitiveness.
And finally, expert third-party IT operators help facilitate uninterrupted workflow. Professional IT service vendors have the resources and skills required to immediately start new projects, while an in-house team may stall in taking on a similar project due to unavailable resources or lack of appropriate skill-set.
Most businesses have limited resources, and the best way to bridge this gap in IT assets is by liaising with a quality IT service organization. They not only save you money but will also bring in years of experience and invaluable skill-set that will ultimately facilitate business growth.
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