Outsourcing for Profit: Make Investment Count

Outsourcing for Profit: Make Investment Count

2020 has witnessed the speed of change that COVID-19 has brought into the world. As the pandemic unfolded, it has elevated the urgency of companies becoming flexible and responsive to sudden shocks like this. Initial pandemic days went against IT outsourcing and reduced the value by 5% as the incoming of the projects started to decline and companies facing reduced revenue. But, as companies began accelerating their digital adoption, it has “reinforced the benefits of IT outsourcing” to weather future disruption.
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  • Table of Contents:

    • Diversification to Mitigate Risk
    • Benefits of IT Outsourcing
    • Resilience in the time of Pandemic
    • Four-Step Process to Assess, Analyse, Evaluate & Optimise

  • Summary:

    IT outsourcing strategy needs to ensure a plan of action. Assessing, analyzing, and evaluating the task will help in further optimization. Companies must ensure the outcome in place through assessing with mind-expanding questions and employing a ready-to-use tool to find out “what to do next?”

  • Key Highlights:

    • 4.5% CAGR of IT outsourcing project is projected during 2020-2025
    • 13.6% rise in IT budget in 2020
    • 60% of projects are outsourced to offshore development companies
    • $413.72bn value or more projects are delegated to external suppliers
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Outsourcing for Profit: Make Investment Count

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