In our tech-20 era, outsourcing your essential business processes doesn’t get you OUT — but intensifies the chances of businesses to perform outstandingly.
While Deloitte’s 2018 global outsourcing survey found that outsourcing is enabling competitive advantage. 93% of respondents (500+ ) — are considering or adopting cloud solutions via outsourcing, and 72% are considering or adopting RPA solutions.
With the above stats, it’s visible that the outsourcing industry is booming at a high pace. And software outsourcing is considered to be the big player.
However, many rumors and myths take birth with all these things. Therefore many IT businesses still don’t prefer or are scared of investing in software outsourcing. To shoo away their fear, here are some busted myths about software outsourcing.
Myth #1: Communication Barrier
Yes, indeed, you won’t get to the idea of how tall (in body length) the outsourcing team members are compared to your team — but with tools aimed to facilitate collaboration with a remote team — smooth communication is a cakewalk.
Outsourcing company makes sure that the lines of communication with their partners are always transparent and open to ensure the right person receives the information required.
High-quality technology infrastructure for outsourcing typically includes email, chat facilities, video conferencing equipment, direct telephone numbers, mobile and VOIP connections, ease of online screen sharing. Some examples of such tools are Skype, Zoom, Slack, etc.
Myth #2: Productivity Suffers when Outsourced
Well, if productivity suffers by outsourcing business processes, than many big IT giants like Google, Alibaba, WhatsApp, IBM, etc. wouldn’t invest in it. But that’s not the truth — one of the factors for their success is outsourcing.
Business leaders or C-suite members of an organization can allow the in-house team to concentrate on projects that suit their skills and competencies — by delegating tedious and challenging tasks to third-party vendors (outsourcing team).
Myth #3: Not Suitable for Small Business
Clutch surveyed 529 small business owners and managers in 2019, and more than half of small businesses (52%) plan to outsource business processes.
Small businesses can boost efficiency by getting access to a specific expertise or technical skills and gaining knowledge about their way of working to achieve targets quickly.
Myth #4: Outsourcing is a Short Term Solution
Many organization believes that software development can’t be outsourced, as outsourcing is a short term solution.
To be honest, outsourcing companies are always interested in acquiring long-term projects for steady revenue purposes.
You can acquire a team that has mastered all the ins and outs of the processes. Thus, a long-lasting outsourcing partner can provide solutions that are more in line with the priorities, needs, and strategies of your business.
Myth #5: Privacy and Security Compromises
Not only you, but even I would also think twice before handing over some critical company information to someone we don’t know.
However, in this industry, experienced outsourcing companies emphasize the signing of confidentiality agreements or NDAs (Non-Disclosure Agreements) to safeguard trade secrets and comply with the most strict security protocols, just as your company’s internal team might do.
Reading becomes boring sometimes. Hence why not watch a video about how Megan (leader of an organization) debunked all the software outsourcing myths.