Is Outsourcing IT Right for Your Company?
- Reading time: 6 minutes
To outsource or not to outsource: that is the question.
As of 2020, Statista says that the global market size of outsourced services totaled an astonishing $92.5 billion. One only has to follow the money to see where it leads: an already massive market for outsourced services that will only continue to grow.
So why should you invest in outsourcing? There are countless reasons: here are just a few.
In Deloitte’s 2016 Global Outsourcing Survey, 72% of polled participants confirmed that they outsourced their IT service needs. The same survey compiled the most common reasons that businesses outsource:
- Cost Cutting Tool – 59%
- Enables Focus on Core Business – 57%
- Solves Capacity Issues – 47%
- Enhances Service Quality – 31%
- Access to Intellectual Capital – 28%
Deloitte’s research also found that outsourcing relationships improved innovation, quality, and cost efficiency for participants. So what can it do for you?
Top Benefits of Outsourcing IT
Cost Reduction
Software development can quickly become a sand-trap of time and effort for your in-house staff. Add up all that time spent building software from scratch, and it translates to a hefty bottom line to boot. By outsourcing software design, you can channel those funds, plus the full attention of your workforce, into the projects that matter most. That includes hiring and training new personnel, investing in upgrades for hardware and software, expanding office and resources, and even increasing existing salaries.
Four Performance Metrics To Level Up Your Software Development Team
Broaden the Talent Pool
When you outsource web development and programming, you are tapping into a world of innovation and expertise. Don’t limit your capabilities to the talent pool in your local office – as excellent as it may be. Through outsourcing, you can connect with specialists worldwide—some of the best minds in the field are accessible at your fingertips
Get the Right Person for the Job
Outsourcing empowers you to connect with specialists wherever they might be. It also saves your HR department the time and money it would take to screen and hire local talent for your project. Outsourcing on a case-by-case basis can yield remarkable and surprising results—without sacrificing communication or vision.
Keep Scaling Flexible
When you outsource, there’s no need to waste time, energy, or money integrating a prospective employee into your business’s brand and culture. There’s no hassle trying to get the expertise, resources, and hardware you’ll need to fit the project’s specs. You simply choose a professional with the experience, vision, and accreditation that meets your needs so you can get right down to work.
Decrease Risk
No matter how statistically likely it is that your venture will succeed, a development project always comes with inherent risks. Unfortunately, those risks can be more significant when you invest a lot of time, money, and labor getting the development off the ground. You are taking a gamble, so it has to pay off. Outsourcing helps mitigate those risks, delegating to a secondary location and team while maintaining quality and at-home operations.
Why Outsource With LDxLab?
LDxLab offers the most streamlined, communicative, and effective way to outsource your IT. We combine expertise, precision, and vision into a seamless package to help you achieve optimum business results every time. Speak to us about your needs today.
