Outsourcing is a fairly old practice that has seen a steady rise over the last few decades. Businesses or industries that do not have tech support within the organization have often struggled to keep up with the rapid technology explosion. This has led to a surge in dedicated firms that can provide the appropriate tech solutions. IT consulting services spend years perfecting their craft to offer solutions that give superior experiences both to their clients and the end customers. With outsourcing, it is possible to take the pressure off your employees and allow them to focus on areas that they excel in.
The market size, measured by revenue, of the IT Consulting industry, is $462.4bn in 2020.
Why Outsource to IT Consulting Companies
Training in-house employees requires a fair investment and consumes time. While a team can be trained for the completion of a specific project, when a new project or upgrade comes up, they might have to be trained for it again. On the other hand, IT consultants are adept with technology, and collaborating with them can be a more reasonable alternative. They are professionals with a technical mindset, which makes them solve the problem with a more wholesome approach.
Information technology consulting develops technological solutions for non-tech-savvy businesses and helps them achieve their goals. Businesses approach the consultancy with a problem statement, and the consultants work towards a solution. Consulting has become highly popular due to affordable prices. Its market size has grown by 4.8% from 2015 to 2020.
How Hiring an IT Consulting Firm Can Benefit Your Business
When a project is envisioned, many technical aspects, along with management, strategy, and accounting, are observed. All these moving parts can be quite overwhelming for a business or team. So, they can focus on the one field they are proficient at while outsourcing the others. This has several benefits:
The alternative to consultancy is an in-house development. This can be achieved in one of the two ways, either hiring employees with the required technical skills or training your existing employees in the field. Both are more expensive than outsourcing the project. Hiring new employees involves not only their salary but also added benefits along with workspace and hardware peripherals. Further, training existing employees to be proficient in the required field requires hiring a trainer or purchasing a training course. This has little worth, especially if it is a specialized skill that may not be required in the future. On the other hand, due to the sheer amount of consultancy firms (over 700,000 globally), hiring an IT consultant is a one and done deal with a huge financial benefit.
2. Less Time-consuming
As mentioned earlier, hiring skilled employees or training your current workforce is the only alternative to consultancy. These have additional disadvantages. Training an employee from scratch is an extremely time-consuming task. A crash course leaves them lacking, whereas a complete plan can take anywhere between 3 to 6 months (sometimes more), excluding the time taken to find the appropriate course. Additionally, but the hiring process is also lengthy and exhausting. Oftentimes the skill that you’re looking for is not present in the candidates, making the interview a waste of time. Hiring IT consulting services negates all this time and allows you to get into your project as soon as possible.
The experience and adeptness of IT consultants are proven by their countless successful projects undertaken beforehand. While in-house employees may offer a solution geared towards their expertise, a dedicated consulting team will involve several perspectives such as security and data analysis, which gives you a comprehensive outlook on the problem at hand. When you opt for a consultancy, you hire an entire company committed to the cause, with people from different backgrounds, who are able to provide a more holistic solution to your problem.
4. Increased Productivity
The productivity of a business can be catapulted with the use of consultants. Having the internal workforce and external teams collaborate on projects can inspire your employees and make them more productive. They can devote time to generating innovative ideas while staying in touch with the tech teams. If you have a single team working on both the tech and business areas, the project might take longer, and your employees would have to face undue pressure. When both teams work together, simultaneous progress can be made in all areas of the project. Working on new projects amounts to regular changes in the requirements. An agile development model can be used in this scenario which is highly collaborative, flexible, and helps in achieving results faster.
5. Focus on Core Business
For many companies, the core business may not be IT centric. Tech in such cases is a support function that should be ideally given to a team of experts to look into. In this case, employing a consultancy team to help is the quickest and most effective idea. With this, your employees can focus on what they do best while the hired team can look after your technical issues. This can prove to be a very efficient method. For instance, you own a restaurant, and your staff is fully focused on the hospitality and other aspects of running it. However, you might want to build an app or a website to help your customers look at the menus and order online. Bringing in experts who can get it done more speedily and competently is the ideal option.
6. Better ROI
Changing technology can be paralyzing for those who don’t put in the time and effort to keep up with it. Often it is difficult to stay updated on the trends and stay on top of your job concurrently. An IT consultant’s job is to be aware of ever-changing tech trends. The newest technology often provides quicker solutions than outdated ones. So, investing in a consultancy results in better tech and optimized solutions, ultimately leading to a greater Return on Investment (ROI).
Due to the dynamic nature of IT innovation, it is generally best left to the experts. IT consulting services have several teams specializing in the sector, each with in-depth knowledge of their respective fields. With their experience, there is very little that is unfamiliar to them. While it can take several months to train your in-house team to build up their skills to work on a particular project, it will be just a matter of weeks (or sometimes even days) for an IT consulting service to come up with the most optimized solution to your problem. This article shares insights on several other benefits of hiring a consulting firm. Whether you are a growing startup or an established enterprise, outsourcing can prove to be an extremely beneficial step towards the success of your business.