IT Outsourcing for small businesses has been a very familiar concept to the entrepreneurs. We can sum it in two words: Convenience and Ease. These two reasons have led to a humongous growth in the popularity of this amazing concept.
Every time a small business starts a journey to develop a product or offer IT services, it’s not just the development that they need to take care of. Right from the infrastructure to resources to tools there are plethora of things that demands a strong availability. But can a small business afford this luxury of investing in such colossal set of things? Probably no! Here is when IT outsourcing for small businesses comes into the picture.
Did you know?
- Cost reduction is the reason why 70% of the outsourcing is done
- The global IT Outsourcing market is estimated to reach $397.6 billion.
- Around 24% of the small businesses outsource to enhance the business efficiency.
- By the end of 2021, the overall value of outsourced IT services will surpass $413.72 billion.
Well, this is the effect of IT Outsourcing for SMBs.
Before moving forward here is a blog we curated to help our readers understand better. - IT Outsourcing Strategies: The Best Practices for the Companies.
What is IT Outsourcing?
IT Outsourcing is an emerging concept where businesses of all sizes hire an external team or service providers to take care of their internal operations. Here are some most common IT services that are outsourced.
- Software development
- Application support and management
- Website development, hosting, and management
- Hardware installation and infrastructure support
- Data storage
- Data management
- Cybersecurity and encryption services
- Technical support and help desks
Top Benefits of IT Outsourcing for small businesses
1. Access to experts and cutting-edge technology
Outsource or offshore software development companies possesses advanced tools and all means to keep and maintain cutting edge technology. So, when a small business opts for IT outsourcing services, they get secure routers, high-speed computers, top-tier hardware and software, servers, and experts too.
In a nutshell, with IT Outsourcing services, any small business can get a smooth access to better equipment, and resources and that too without buying for any of that.
2. Minimizes capital cost
Cutting the capital cost is one of the biggest benefits of IT outsourcing services. And how does it happen? Well, IT outsourcing services shifts the fixed costs into variable cost. It helps you to be free of large expenditure in the initial stages itself, and releases capital for investment in your business. IT Outsourcing for small businesses works in a way of making your firm more alluring. The reason behind this is; with IT Outsourcing services any business can pump higher capital that too into the revenue generating streams.
3. Enhances business efficiency
We all have heard of the phrase – ‘time is money’. And it has become more relevant in this ever-evolving business world. Approximately 27% of the small businesses opt to outsource in order to enhance the efficiency. The interesting fact is, this data is quite same in 2021 and 2022 too.
When an organization does everything from research to development to marketing they are bound to spend more than the budget. On the other hand, when we hire offshore development team, its them that does everything, giving us a competitive advantage.
4. Higher Security
Protecting the sensitive data of an organization is still a concern for many businesses. In addition to that is also a challenge of disaster recovery. Well-designed IT outsourcing services is answer to these problems. As the technology advances, cyber-security continues to evolve tackling phishing and hacking attacks.
But hiring an offshore development team can help you get the best of the security services. You can opt IT outsourcing services for personal information and to protect financial data.
We insist on security because any breach in it can cause you the loss of customers and their faith.
5. Better IT Management
When you hire an offshore development team they can tackle your business and fulfill your business needs in the greater scheme. Besides with their technological strength and industry knowledge, professional IT services provider can offer greater insights that you might miss.
So apart from cost-effectiveness, better time management, top quality services, offshore IT services team streamline your process and boost your services and effectiveness.
6. Minimizes risk
Every time you hire a resource, can you ensure that they will be aware of the latest IT practices and trends? We don’t think anyone can. Therefore, we feel that hiring an offshoring partner is a much better option. Organizations that hire an offshore development team have all the required knowledge. It is because a lot of money and time is spent on resources training. Hence, such resources are well-aware and expert in tackling new tools and technologies.
The best thing is if any resource finds it difficult to solve any problem; they can always approach the seniors in their firm and get it done for you.
7. Added Flexibility
They say, when you hire a full-time outsourcing development team, you are not typically bounded by the 40 hours per week concept. You can bill the resources as per their time invested in your company. In a nutshell, you only pay for the work done and nothing more. Isn’t this interesting.
A few years back, there were very trim options that could have helped you to grow your business. However, this is not the case now! With an outsourcing partner, you can hire an onshore development team that can take your business to the next level. Therefore, it is the wisest choice to hire an experienced and qualified partner who can understand your needs and are competent to fulfill them.
Imagine having your project gets done and not having to assign any internal members or worry about the deadlines or capability of your resources. Just get the work done seamlessly and efficiently.
To enjoy the maximum benefits of outsourcing every small business must start with finding a trustworthy and reputable outsourcing partner. Another reason to opt for outsourcing for small business is that it can also help you with an accounting and financing software. All of these will extend you greater support.
If you are looking for a trusted partner, contact us now