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Level up your business with an offshore team for enterprises

Businesses need to remain competitive, and to do so in the landscape of the new normal they need to embrace digital. With that, they need to adopt new internal attitudes surrounding the role of IT and a digital-first approach to their business model. To go digital first is to prioritise a digital approach when looking at new opportunities or strategies — aiming to deliver as much of the service as possible in digital form for existing and potential customers. 

However, to drive these changes a software-centric approach is key. The challenge to overcome is the IT talent shortage, leaving businesses with a deficit of the skills needed to level up. Can an offshore team for enterprises, tapping into global pools of top talent, be a sufficient solution? Let’s find out.

Transformation tops executive wish lists

With worldwide IT spending forecasted to total €3.8 trillion in 2022 — an increase of 5.2% from 2021 — how much is due to the increased desire to transform? A lot. The pandemic forced hands across sectors, and investment in transformation-enabling tech tops decision maker priority lists as businesses in Europe and North America seek to offer competitive digital products and services to their customers and meet increasing expectations and demands. 

Financial service executives outsource or offshore

By Q1 of 2022, 70% of all organisations will have accelerated their use of digital technologies, transforming existing business processes to drive customer engagement, employee productivity, and business resilience. IT decision makers know that to do this successfully they require top talent, but why the need to explore an offshore team for enterprises when there’s talented engineers graduating all the time in Western Europe and North America? Introducing: the software developer seller’s market.

Navigating a seller’s market

There exists a large gap between the skills available locally and those necessary for rapid and successful digital transformation. It’s not that the talent isn’t available at all, it’s that the competition for elite engineers is fierce. The tech giants have a monopoly on the cream of the crop and it creates a hugely competitive seller’s market. Skills shortages in Western Europe aren’t a particularly new trend, although signs point to an exacerbation over the past year or so. Companies are fighting hard for the best tech talent available, and there’s simply not enough to go round. 

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The winds of changing attitudes blow

Businesses now know that — as a result of the ‘new normal’ — that remote working, works. But that’s only for starters. They have also become increasingly familiar and open to the idea of extending their on-site development team with one in an emerging tech hub. In times past, this was based around cost, but today it’s based around plugging skills deficits with engineers capable of exceeding expectations. 

This increased knowledge among IT decision makers has manifested itself in the form of many working models, including outsourcing, staff augmentation, and of course offshore teams for enterprises as well as smaller organisations.

The Global IT outsourcing

Enabling growth beyond borders

Due partially to the pandemic bringing remote work into the mainstream consciousness, and by extension the idea of working with teams abroad, business leaders accepted new ways of accessing and working with software developers. With this  fresh understanding of global talent pools and tech team augmentation — IT leaders within organisations have increasingly turned to the idea of harnessing offshore teams for enterprises to take them to the next level of development capability. 

While traditional outsourcing is one way of doing things, it’s more suited to tackling temporary pipeline bulges and one-off product development. An offshore dedicated team is a long-term solution, with engineers there permanently as full-time employees and not outside support. This of course means a strong emphasis must be placed on cultural fit during the hiring process — something an experienced offshoring partner will help look after.

Finding the right offshore team building partner

When you’ve decided to go for the offshore teams for enterprises route, there’s more to it than understanding the differences between project-based outsourcing and value-based offshoring. There are also legalities to navigate in order to establish a development center abroad, which an offshoring partner can help with. Additionally, when onboarding new engineers, a company must have a firm vision to make it as smooth as possible. How can a business culturally align a new team if there’s nothing concrete for them to buy into? 

Enterprises software development

Choosing a partner with a proven track record of building successful teams, alongside a people and talent-centric approach, are the important criteria. Similarly, do they have a requirement-based recruitment process to help you obtain the exact skills — and cultural fit — you need to successfully augment your existing operations at HQ?

Scaling at Speed: Preqin Case Study

How we helped a fintech establish a dedicated development centre in Bangalore

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Offshore teams for enterprises: a conclusion

In the quest for competitiveness, dedicated offshore teams for enterprises and smaller organisations trying to get to the next level have become more widespread. Finding highly skilled engineers at home is difficult unless you’re a top-tier giant, and tapping into a pool of top talent in somewhere like India or Romania is a tried-and-tested way of plugging skills deficits in your existing setup.

 If you’re thinking of embarking on a transformation journey, on becoming a software-driven business then an offshore team can help facilitate your journey. If you want to leverage Bangalore’s IT ecosystem, feel free to reach out to us by filling out the contact form. As experts in building the best engineering teams in India, we can help you build your A-team.

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