Outsourcing of any service is indeed groundbreaking. It is basically the practice of contracting out a professional company or individual to effectively complete or manage specific business tasks or services. Typically, it eliminates the idea of onboarding in-house specialists or professionals that cost high. Delegating specific responsibilities costs less, but for sure, the efficiency turns up by leveraging specialised expertise. There are some more advantages, which is why IT outsourcing services become essential, especially for startups and small businesses.
Benefits of IT Outsourcing Services for Startups and Small Businesses
Let’s introduce you to some not-so-commonly known advantages of contracting with an IT outsourcing partner.
1. Cost Efficiency
Did you know what a Deloitte survey revealed? It spotlighted that 59% of businesses delegate some technical responsibilities to a third party or an expert IT company, which costs minimal. Small businesses find it extremely affordable because they pay for services for a specific time. It eliminates the overhead costs that are necessary to maintain a full-time IT staff.
Overall, the cost efficiency is a substantial reason behind preferring outsourcing over in-house IT experts. In addition to cost benefit, the beneficiary small businesses save significant investment on hiring, salaries, and IT infrastructure management. So, they can access skilled and proficient professionals at a fraction of the cost.
2. Access to Expertise and Advanced Technology
The startups and small business owners often lack proficiency with technology. And if some have it, they find it tricky to manage complex systems. The alternative of outsourcing introduces them to a pool of highly skilled professionals with hands-on experience in areas such as cybersecurity, cloud computing, software development, and data analytics. With this access, driving business growth is like a cakewalk.
3. Focus on Core Business Functions
With strong and focused energies on the core competencies, small businesses or debutant entrepreneurs can defeat complexities. The support of an IT outsourcer allows them to focus on their product development, customer acquisition, and expanding market reach. All these practices require time, which technology management snatches away. It causes distraction. Consequently, revenue and growth both suffer.
And those who hire an outsourcer free up time to dedicate to core business practices. 24% of small businesses are following this practice, according to a study by Clutch. Because of external IT specialists’ support, startups effectively streamline their operations and hence, focus on improving overall productivity.
4. Scalability and Flexibility
A new business owner often gets trapped in handling fluctuating IT needs as they grow. By delegating technology support, it can resize operations according to demands. So, the support for technology maintenance becomes flexibly adjustable during slower and peak seasons, which also saves their hard-earned money.
A report by MarketsandMarkets reveals that the global managed services market is likely to scale up from $239.71 billion in 2021 to $329.1 billion by 2026. These statistics show the increasing demand for scalable IT solutions.
5. Enhanced Cybersecurity
Cybersecurity is indeed necessary, as it’s a non-negotiable concern, no matter whether you’re running a large or small business. Cyberattacks reportedly hamper small ventures or startups as they are not well-equipped to counter cyberattacks. Nor do they deploy robust security measures like firewalls, encryption, and threat monitoring systems, which increases the risk of vulnerability.
Data is precious, be it with a small or large enterprises. It requires protection, which an outsourcer is deeply concerned about. Also, the external support guides in maintaining compliance with industry regulations, which also strengthens their trust in the market.
6. Faster Time-to-Market
Can you compromise with the sluggish network? Certainly, nobody likes it. Outsourcing IT services enables businesses to speed up product development and production. If any disconnect is reported, the vigilant external IT support engineers quickly troubleshoot issues and continue assisting. It eventually shrinks time-to-market.
According to a survey by Statista, 64% of companies delegate software development responsibility to experts who swiftly develop the product. Ultimately, the beneficiary company gains a competitive edge by introducing an innovation in the market.
7. 24/7 Support and Reliability
The need for troubleshooting is uncertain. Underestimating IT support for monitoring networks and networking systems can end up in costly downtimes, especially for new companies. Unlike in-house support teams, an outsourcing IT services provider offers round-the-clock assistance so that technical problems can be addressed timely. It is essential to upkeep networks for business continuity and customers’ connectivity.
A study by IDC reveals that 80% of businesses face one hour of downtime every month. It cost somewhere around $300,000 per hour on average. This loss is indeed worrisome. Outsourcing eases this tension.
8. Access to Global Talent
Do you battle with the skill gaps? Startups or small companies often encounter difficulties in acquiring upskilled IT professionals. Sometimes, the geographical location creates this vacuum. With an outsourcing partner, these small corporate entities can elevate their growth and capacity by accessing top-tier talent from around the world. Statista, for example, reported that the global IT outsourcing market is anticipated to widen up to $812.7 billion in reach by 2029.
These points would have answered all the burning questions of why to rely on outsourcing to fulfil technology requirements.
Conclusion
In a nutshell, it won’t be wrong to say that IT outsourcing services are no less a luxury, especially for startups and small businesses. This alternative can help in saving money and filling a gap in skills to manage cybersecurity and IT infrastructure. Overall, small businesses can think of steady growth because of a specialist’s support because the alternative of hiring an IT expert is there to address unique challenges.