Outsourcing Software Development to Create Digital Offerings
An organization-wide digital transformation demands substantial investment and skillsets which might not be readily available within your organization. Increasingly, non-tech companies need significant resources to focus on growing their core businesses and outsourcing creating digital offerings to consultants, platforms, and companies that specialize in doing so. This not just gives them access to skilled technical talent and resources but also results in substantial cost savings and a quicker go-to-market launch. Software development outsourcing is the externalization of IT services to help organizations reduce costs, accelerate time to market and take advantage of external expertise.
Outsourcing for Digital Transformation: The Pandemic and Beyond
The pandemic has given many organizations an unexpected crash course in digital transformation. While much progress has been made — from hardware and infrastructure to updated work processes and a rejuvenated corporate culture — many organizations are confronting the question of how to integrate fragmented and often makeshift digitalization efforts in a way that’s sustainable. Most of these organizations, reeling under the effect of the pandemic, are still relying on a mishmash of apps, emails, and other tools to get by.
The pandemic was only the latest in a series of episodes that have illustrated just how much uncertainty our society, our leaders, and our organizations must contend with. We see two major ways that digitally driven strategies offer organizations the opportunity to succeed in the long term. The first is by enabling resilience – the ability to thrive amid uncertainty and change. The second is by driving differentiation – the ability to deliver value that most would find hard to replicate. But while leaders may not be able to control the pace of change dictated by external events, they can develop their organizations’ capacity to navigate that change effectively, defend against threats, and take advantage of new opportunities.
The upside potential is clear – with organizations slated to spend approximately $6.8 trillion on digital transformation by 2023, they’re aggressively seeking to lower operational costs, accelerate speed to market, and unlock new opportunities. But companies also can’t afford to rush in blindly — the 70% failure rate for digital initiatives is alarmingly high. Leaders and shareholders might crave near-immediate returns, but the path to digital maturity is arduous. This is the precise reason why companies are relying on outsourcing partners to be able to augment their workforce and build enterprise applications with a fraction of the cost which would have otherwise eaten into their development budgets.
Low-Code to Ease Your Outsourcing Woes: Creating Bespoke Software Faster and Cheaper
Now that we have established that outsourcing software development to create digital offerings has its strategic benefits, let’s look at the traditional outsourcing model and how it potentially stacks up against an emerging alternative where low-code is deployed to create something bespoke which goes beyond the wall of the organization. A low-code development platform provides a development environment used to create application software through a graphical user interface. A low-coded platform may produce entirely operational applications or require additional coding for specific situations or customizations which might be dictated by the application requirement.
Low-code application development platforms are becoming increasingly powerful and now can be used to build various kinds of applications. However, typically their use cases still fall into one of three categories (listed below):
Operational Excellence: IT departments of enterprises are often a big bottleneck in delivering apps that improve operational excellence and customer delight. Outsourcing using Low-code application platforms, with their visual models and ready-to-use widgets, could enable rapid development and deployment of engaging apps. The apps developed on these low-code platforms would improve customer satisfaction and retention.
Digital Transformation: Automation, Innovation, and customer-centricity are at the heart of digital transformation initiatives. With out-of-the-box support for connectors, ease of use in creating applications for capturing information, and the use of emerging technologies such as AI, ML, and IoT to create new, innovative apps, low-code platforms could be ideally positioned to be at the heart of digital transformation initiatives. Outsourcing and creating digital offerings using a low-code platform would allow your organization to have access to these cutting-edge applications without the need to invest extensively in them.
Legacy Modernization: Legacy modernization does not necessarily mean rewriting the legacy systems. Low-code platforms can reverse-engineer data models, identify reusable components, build an API layer to existing components and build a modern-looking UI with modern deployment methodologies, which might be an ideal upgrade for your traditional tech infrastructure.
Once you compare ground-up software development using dedicated software developers with utilizing a low-code platform, the potential advantages of the latter are clear.
Speed, flexibility, and cost-savings are some of the key strategic benefits your organization would enjoy while outsourcing using Low-Code application development. This would be an ideal recourse for all the challenges your organization presently grapples with - Scarcity of tech talent, ultra-short timelines, and limited budgets to develop and launch custom software applications.
Xamun: Outsourcing for Low-Code Custom Software Development
Understandably, outsourcing software development using can have many significant advantages for your business. These include reduced costs, access to top talents, better risk management, and increased work efficiency. Moreover, it allows your company to focus on more important tasks and facilitates rapid business growth. While outsourcing using a low-code platform has its usual benefits around cost, time-to-deployment, and flexibility, Xamun brings you a host of other benefits including the ones listed below.
Often, success for outsourcing projects could often prove tricky and with a decade of working for clients all over the world, we have created Xamun to help you with your unique outsourcing requirements. Some of the smartest digital transformation strategists complemented with a dedicated team of software developers ensure that you are covered for any requirements you potentially might have. Reach out to one of our consultants HERE to understand how Xamun could help you simplify your outsourcing requirements and handhold you on a path to digital success.