According to a statistics from Japan's Ministry of Economy, Trade and Industry (METI), Japan has an average of over 100,000 engineers working in the fields of information security, cloud computing and mobile technology. For new technologies such as AI, Big Data, IoT and Robotic, etc., Japan will likely lack about 600,000 IT engineers by 2030.
Outsourcing
Close collaboration and communication can overcome the challenges of distributed teams.
IT outsourcing in Vietnam is fairly young. Rapid change has defined the Vietnamese economy, which has evolved from its agrarian foundation to become a modern, business-driven marketplace. Many other reasons have proved that Vietnam is a hub of business process outsourcing along with IT outsourcing.
In today’s era, where technology changes every other day and consumer expectations are higher, there is much more at stake when choosing a right-shore technology partner. Your partners can hinder your hard work if they do not hold the same values for their products/technology as you do.
Dedicated Team is a business model that refers to an agreement between the client and service provider, when the latter provides software development professionals to the client on a long term basis. These specialists are chosen according to the demands of the client for their experience and skillsets.
IT project outsourcing is a plausible solution for small or mid-sized companies, who don’t have the budget to hire a team. These companies can easily save their expenses on cost-of-hire, training, space, and much more.
Fixed-Price vs Time and Materials vs Dedicated Team: What to Choose for Your Project?
A dedicated team model is more like outsourcing a core function (in this case, creating an app) to a third party. On the other hand, extended teams are an example of outstaffing or hiring outsiders to perform in-house tasks.
Having a developer in house is convenient for project management reasons, however it’s not always financially viable for a marketing department or agency. On top of financial viability, not one developer has the capability to handle the breadth of development needs your team may have. Outsourcing web development has become a common activity for smart agencies and can often help a team to uplevel their service capabilities.
Outsourcing is a rising sector in Vietnam, with the IT outsourcing industry alone projected to grow 13.47% by 2027. Affordability and a large pool of tech talents are among the prominent reasons the country attracts global leaders looking for ways to cut costs effectively & manage their teams flexibly.
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