Innovation is key to companies of all sizes and smart business ideas.
In fact, innovation is at the core of all effective business decisions, as the best business leaders are those who can find the opportunities that their company needs to succeed, asking: “How can we improve? What can we do better?” Company departments are often in need of new ideas, solutions to age-old problems, and the right tools for the job. This is why software development and business technology are helping companies grow above and beyond across countless industries.
Any missing cogs in your workflow, any repetitive tasks that are taking up company time, and any needs for special apps or platforms can be overcome in stride by implementing intelligent, innovative solutions. And technology can be tailored to your specific needs, building the right tools for your job from the ground up.
Why Companies Outsource in IT
Some companies have the option of developing a new branch of their corporation for software development, adding teams of workers to their payroll and expanding their business to new industries in tech. They attempt to take on the work themselves. This is known as in-house development. However, the costs of this development method may not be worth its payoff. According to Forbes, the shortcomings of in-house development include inflated costs, more time and resources spent, and “in-the-weeds” standpoint where company and project management become more difficult. Not to mention that finding the proper experts, with not only coding abilities but knowledge of the tech industry, can be a long-winded process.
This transition for in-house development is best utilized as a massive shift for your company to adopt new business ideas, such as if they will be producing a constant stream of software for a new market of clients. Otherwise, more and more companies have been pursuing outsourcing. So, what is outsourcing? Outsourcing is essentially the delegation of a company’s workload to an outside company of one-time or partnered experts, and is known for its cost efficiency as companies do not need to overhaul their internal processes and staff to produce the technologies they need.
According to the 2016 Deloitte Global Outsourcing Survey, business outsourcing is only becoming more popular, accessible, and profitable. Companies are looking for innovation, cost savings, and new technologies. The data shows that 59% of company outsourcing had the purpose of cutting down costs. Furthermore, 57% enabled the company to focus on their main business and delegate additional work to partnered teams of outside experts. Outsourcing therefore serves as an elegant, organized way of managing your business, developing new technologies, and expanding in size. The survey places special emphasis on the importance of innovation for outsourcing, given the fact that to think outside the box sometimes means to think outside of your own industry. Technology may not be your expertise, but these tools are available for those who learn of its potential.
In fact, according to the survey, two out of three of these outsourcing respondents were in the field of IT, showcasing just how essential technology can be for businesses to succeed. Experts are in high demand with applications, websites, online platforms, and business automation technologies becoming increasingly integral to the modern business world. And business owners are realizing that technology allows them to work smarter, not harder, for consistently better results. So, what’s the catch?
Choosing an Outsourcing Company
It can be exceedingly difficult to find a reliable partner in technology to outsource your company work to, and making the right decision is crucial to not wasting potentially devastating amounts of company time and resources. Many outsourcing companies can be recognized as unreliable if they meet one or more of the following red flags, according to Forbes:
- The company’s costs being suspiciously low might indicate fraudulent tendencies.
- The company refusing to provide software demos, feedback channels, or proper quality assurance might indicate shoddy workmanship.
- The company having little or vague contact information, work experience, or recommendations might indicate an insufficient level of professionalism to do the work your company needs.
Outsourcing companies can be either local or offshore, however offshore outsourcing companies suffer from a language barrier and more inconsistent levels of quality. With either subtype, be sure to do extensive research and look for the red flags above before committing to a relationship with another company.
Do not be afraid to ask for more information, a software demo, and assurances and evidence of quality. Researching the company’s past successes, accolades, and recommendations goes a long way in choosing whether to approach them for more information on what business technologies exist to help your company succeed.
Is Outsourcing For You?
Does your company or its departments need innovation and development? Is your workflow bogged down by age-old problems, frustrating roadblocks, and inconveniences? Then custom software development, tailored to your business needs, may very well be the solution to your problems. For most companies, developing software in-house is implausible and a massive undertaking, but local outsourcing companies can help your company build the right tools for your company to succeed, so you can work smarter and not harder.
The SilverLogic is an all-in-one software development partner for your company’s technology needs, providing solution architecture, thought leadership, unlimited involvement in the development process, and reliability. We offer services in consulting, development design, testing, maintenance, audits, and more. Our teams of award-winning coders and business experts are available to help your business innovate and thrive. Schedule a meeting here to discuss the best for your business, and what technologies are readily available to boost your growth, profits, organization, and productivity.
We at The SilverLogic have helped businesses thrive for close to a decade by providing services ranging from business automation solutions to custom app development. Our experiences have shown that companies that invest in technology have the potential to find substantial ROI, given how powerful and flexible modern technology can be. For example, business automation options can automatically compile company research directly into your QuickBooks or internal documentation. A new website, application, or online platform can expand your company’s reach and accessibility. Internal software for organizational or workflow purposes may even be necessary for your enterprise to operate smoothly.