No man is an island unto himself. The same must be said of any company. To stay competitive and thrive in today’s marketplace, and propel growth, companies must remain nimble while incorporating complex and multi-faceted digital capabilities in business processes.
According to Gartner, global enterprise IT spending is expected to reach $3.89 trillion by 2023. The growth is expected to be backed by intelligent automation tools like RPA (Robotic Process Automation), enhanced RPA, and Cognitive Automation—as a service delivery tool for IT and business optimization.
IT outsourcing remains a highly-relevant and valuable approach for reducing cost, accessing talent, and taking advantage of market-leading skills and capability. IT outsourcing also allows collaboration with specialists, integrating new products and value-added services to grow and scale the business.
1. Cost Reduction
An established technology partner allows access to cutting-edge technology tools and world-class IT infrastructure, which could be expensive if developed in-house. Moreover, a partner provides access to a dedicated team of highly-trained and cross-functional specialists at a fraction of the in-house cost.
2. Customized Solutions and Services
Navigating and decoding emerging technologies can be financially out of reach for many small businesses. Offering each client a combination of the latest technologies and capabilities can be a challenge too. A strategic technology partner brings the much-needed scale, expertise, and flexibility to deliver tailored solutions without having to strain your resources.
3. Increased Flexibility and Agility
Flexibility and agility are at the core of a strategic technology partnership. The pace of development and demand of today’s market requires small businesses to adapt offerings to what customers require. Without the means to recruit skilled talent in-house, small business owners understand that a strategic technology partner is the only way to access the necessary tools and skills.
4. Accelerated Growth
Backed by the industry’s top talent and resources, a strategic alliance helps mitigate the risk involved in exploring untapped niches and undeveloped segments. Technology partners help small business stretch to reach new audiences and verticals that hold growth potential. This opens a wide array of new opportunities for business growth.
5. Deliver New Experiences and Excite Customers
With a strategic technology partner, you have the opportunity to collaborate with industry’s top specialists and leverage their skills, talents, and tools. This means doing more in less time. Technology partners allow you to apply innovative technology to enhance efficiency and service to clients. Together, you can advance your offerings and add momentum for your customers by creating intelligent business solutions.
6. Faster Deployment and Time-To-Market
By introducing a new point of view on your business approach, a technology partner helps to determine clear, actionable paths to remain competitive. Businesses rely on partnerships to collaborate, communicate, and operate more proficiently. A strategic partner helps bring products to market more quickly, so that they don’t miss opportunities and easily adjust to the market standards.