How MintyMint Helps Consulting Agencies Grow
The notion of IT consulting is gaining momentum in Europe and North America these days, and it is no wonder why. As more and more industries require digitalization of the business model or an update of the existing software solutions – the demand for IT expertise increases exponentially.
Consulting agencies are there to help companies shape their future in the digital realm. They analyze the client’s strengths and weak points and define an effective corporate strategy. This, in turn, helps to automate data processing and manual everyday tasks like accounting and logistics, increasing the overall efficiency of the operation as a result.
Most of these goals are achieved through developing new and fine-tuning the existing software.
At that, not every company can afford to hire and maintain a team of software experts usually required for executing such tasks. Of course, this doesn’t mean businesses should give up on the idea or eliminate their budget altogether.
This is where outsourcing teams come in handy, providing the opportunity for consulting agencies to get their digital work done pain-free.
Outsourcing is one of the fastest-growing trends in the IT world. Its global market size approached a $100BN mark in 2019, according to Statista. But, why is it so attractive to businesses of all shapes and forms? And what are the main benefits of shifting your digital tasks out of the state?
Let’s find out.
Problems and solutions provided by IT outsourcing
Looking for the drawbacks of hiring remote dev teams, one will have a rather hard time finding one. Save for the potential time difference and not meeting each other on corporate events (possibly another benefit, depending on how you look at it) – working with outsourced partners is virtually the same as with in-house ones.
As for the benefits of such a cooperation model, there are 4 key points.
Without further ado, those are:
The first and foremost advantage of leveraging developers from outside is the extensive pool of experts that becomes available to your business.
Since the world of software is that vast and complex, it makes no sense for IT consulting agencies to try and fill all of their potential software needs via the means of in-house developers. You’d have to employ an entire state of specialists from coders to testers to achieve that. Definitely, just money thrown down the drain.
In such a situation, relying on third-party software production capabilities is a great and effective choice.
This is why, even established enterprises like Microsoft resort to outsourcing to pump up their workforce, forget about smaller companies.
Time and Management
Here’s another point in favor of delegating some of your consulting agencies’ coding work to external specialists. Even if you are willing to reserve extra space in your office and budget for a team of devs, the challenge remains to manage all of the working processes and people.
Do you have the time and knowledge to oversee all of it?
It’s a good question to ask yourself.
Very often, it is more efficient for executives to focus on indispensable business activities like marketing and client acquisition – something they are experts in themselves, and leave the technical issues to the others.
In fact, Harvard Business Review found that a lot of managers admit feeling incapable to understand, let alone – manage – the technical part of the IT development processes. Instead, they choose to maximize flexibility and control by finding a good outsourcer to rely on to solve these issues.
If balancing the budget is anywhere on your business’ agenda, then outsourcing is definitely a worthwhile option to consider.
For a number of reasons, remote software production will usually cost fairly less than the same amount of intellectual work executed in-house. Not only the aforementioned management nuances and greater talent access play a part in this. The economical diversity between places and regions of the world is drastic. So, what costs a dollar in NYC may be sold for less than a fifth of that, just across the Atlantic ocean.
Difficult to believe?
Check out these stats from SalaryExpert, but take a comfortable position/seat first:
This is how much devs earn (and thus – charge) on average in Manhatten:
And here’s how much the same type of work costs in Eastern Europe, Ukraine:
You may do the calculation yourself.
When this article was written, this equaled $19,345.
Divide the two numbers and you get a stunning 6.58x difference in costs for the same type of service. And we’re not talking about rent prices – a piece of code surely doesn’t change in a fancy location.
Are you on Upwork already?
Don’t rush, there is another crucial factor when it comes to our topic…
Last but not least on our list of the outsourcing benefits, is consistent product quality provided by dedicated dev teams.
Naturally, nobody can give a 100% cashback-if-you-don’t-like-it guarantee that the team you choose will satisfy all of your project’s needs exhaustively. Actually, it’s the same with in-house workers. You would have to do research and run through a few options before finding the best solution for your goals and setup.
That said, just like with air travel – the statistic is on your side in this one. Over 78% of business owners are fully satisfied with their outsourcing partner, according to Deloitte.
Most of the remote teams out there consist of high-skilled professionals operated by seasoned PM’s. This ensures a smooth development process and above-average quality of the end-product – two of the clients’ most common pain points.
With international enterprises and leaders of software production investing more and more into the remote workforce, it is fair to say that the practice is approved by the giants of the industry.
IT outsourcing can help your consulting agency access great talent, improve management, and save the budget. All this – while taking much of the stress off and allowing to focus on the high-impact work.
You make the bet as what’s best for you and your business. If it’s quality, convenience, and efficiency – the MintyMint team is always here to help.
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