- Emergency scripting requirements
- Legacy-to-cloud migration
- Resources for software developers on tight budgets
- Fast resource placement
- Time and cost savings
Have you been there, done that? Now you need to do it one more time, and you want to outsource. You are looking for the right partner, but you have questions. Let’s start from the top.
The basis of the outsourcing principle is that companies should outsource the production of low-value goods and services even if they can do it more efficiently themselves. Did you know that 59% of companies that outsource their projects do so to reduce costs? Stats on outsourcing show that a third of all organizations are willing to accept an increase in operating costs if they get access to the cloud in return.
In 2020, the gig economy is flourishing and has completely overtaken some of the biggest industries in the world. Domestic and international outsourcing is in high gear. Technological advancements have enabled outsourcing services to be accessible to businesses of all sizes. By choosing the right service provider as your IT outsourcing partner, you can enjoy all the benefits of leveraging cloud technology, becoming more capable and responsive, and expanding rapidly into existing and new markets.
Let’s play devil’s advocate. As cloud technology continues to disrupt the outsourcing industry, many companies’ main concerns are related to information security and compliance with laws. IT outsourcing statistics also point to performance as an additional concern: 45% of outsourcing businesses worry that a cloud-based service may not be stable or reliable enough. On the other hand, many CIOs identify fear of losing intellectual property as their biggest concern, which could be a concern for financial firms looking to outsource accounting jobs. Studies and surveys suggest that the most commonly outsourced jobs in small businesses are related to accounting and IT; in fact, small business outsourcing stats show that 37% of all accounting and IT tasks get outsourced. Small business owners care about efficiency above all, and often outsource accounting and IT tasks because they require proficiency in unique skills.
Compared to larger companies, these businesses usually cannot afford (or simply do not have access to) necessary resources. United States outsourcing statistics show that another common reason (18%) that a small business turns to outsourcing is to increase available expertise and seek expert assistance. The latest research also suggests that 52% of small businesses will continue to outsource throughout 2020.
According to CB Insights1, 70% of upstart tech companies fail—usually around 20 months after first raising financing. From a lack of product- market fit to disharmony on the team, startups often fail to meet their delivery timelines for a variety of reasons, such as releasing their products too early and causing their targeted users to write it off as inferior. This is a new era for startups, and with the increasing accessibility of smartphones, there are not only new products emerging constantly but also many rebound entrepreneurs looking to start mobile and web commerce businesses. Robotic process automation (RPA) is often the first step a company can take toward digital labor, and most businesses in financial and other industries are already implementing it. What’s more, 81% of financial companies are satisfied with their RPAs, meaning that continued growth is all but guaranteed. This trend is currently most visible in the HR and invoice processing sectors, where bots are increasingly replacing people. Freeing up resources to focus on core business tasks is the most widely cited reason for outsourcing IT functions, while other top priorities include saving money and accessing skill sets that aren’t available in-house. Financial, retail, and transportation companies are among those that outsource the most, but job outsourcing statistics show that pharmaceutical companies do it the most at roughly 82%.
As COVID-19 continues to affect most industries and many employees switch to work-from-home status, the geographical divide will become less and less relevant. Amzur Technologies provides a variety of outsourcing models for legacy-to-cloud migration, enterprise resource planning (ERP) customization, QA and testing, product development, and continuous software engineering.
If you choose to contact us, you’re on your way to strengthening your entire application portfolio! Here’s a preview of what comes next.
An Amzur senior team member and development domain expert will contact you. We will listen to you, ask questions, and collect all of your requirements. We can help you conceptualize your ideas and narrow them down to focus on one core product. We also help you:
- Keep costs in check, delivering new applications on time and on budget.
- Increase the responsiveness and agility of current business applications.
- Learn from experts that deploy state-of-the-art applications.
- Benefit from the top IT outsourcing companies’ know-how, deep industry expertise, and cost-effective services.