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		<title>How FinTech Companies Benefit From IT Outsourcing</title>
		<link>https://www.rinf.tech/how-fintech-companies-benefit-from-it-outsourcing/</link>
		
		<dc:creator><![CDATA[rinf.tech]]></dc:creator>
		<pubDate>Wed, 03 May 2023 11:18:06 +0000</pubDate>
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		<category><![CDATA[outsourcing]]></category>
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					<description><![CDATA[<p>This article discusses benefits of IT outsourcing for fintech organizations, with focus on cost-savings, innovation, and cybersecurity.</p>
<p>The post <a href="https://www.rinf.tech/how-fintech-companies-benefit-from-it-outsourcing/">How FinTech Companies Benefit From IT Outsourcing</a> appeared first on <a href="https://www.rinf.tech">rinf.tech</a>.</p>
]]></description>
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					<h1 class="elementor-heading-title elementor-size-default">How FinTech Companies Benefit From IT Outsourcing
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					<p id="breadcrumbs"><span><span><a href="https://www.rinf.tech/">Home</a></span> » <span class="breadcrumb_last" aria-current="page">outsourcing</span></span></p>				</div>
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					<h4 class="elementor-heading-title elementor-size-default">Fintech, or financial technology, is a sector that is fast developing as new, creative solutions are created to meet consumers' wants, which are becoming more and more demanding. One of the most important of these is the growing number of technological advancements boosting productivity in the fintech industry.</h4>				</div>
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									<p style="font-weight: 400;">This has sparked consumer demand, easier accessibility, and lower prices. Currently valued at $165.17 billion, <a href="https://www.marketdataforecast.com/market-reports/fintech-market" target="_blank" rel="noopener">the global fintech market</a> is anticipated to reach <strong>$400 billion by 2027</strong>, growing at a CAGR of <strong>25.18%</strong>. A projected <strong>$8.49 trillion</strong> in digital payments were made in 2022, and more than 26,000 fintech businesses were established in 2021.</p><p style="font-weight: 400;">The demand for effective and affordable solutions is increasing along with the fintech sector. More and more fintech organizations are using IT outsourcing to fulfill their requirements for software development.</p><p style="font-weight: 400;">The benefits of IT outsourcing for fintech organizations will be discussed in this article, focusing on cost-savings, innovation, and cybersecurity.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Why fintech companies outsource software development</h2>				</div>
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									<p style="font-weight: 400;">To compete in today&#8217;s competitive business climate, fintech companies must continue to be flexible, inventive, and influential. They accomplish this, for instance, by contracting out software development work. This gives fintech businesses access to specialized knowledge, lowers costs, access to innovation, and improves cybersecurity, scalability, and flexibility.</p><h4>Cost Cutting</h4><p style="font-weight: 400;">Many fintech companies are shifting focus from cost savings to growth in the current economic climate. By lowering the requirement for in-house IT personnel and infrastructure, IT outsourcing can assist firms in achieving this objective. Fintech companies can access the most recent technology and knowledge without incurring the high costs of employing and training a full-time crew by working with an experienced IT outsourcing provider.</p><h4>Access to innovation</h4><p style="font-weight: 400;">Fintech organizations may access a variety of expertise and abilities that may not be available in-house by outsourcing IT services. Innovation is the essence of the fintech industry, and new solutions and technology are constantly developing. Using the most recent tools and technology to enhance their goods and services can help businesses stay one step ahead of the competition.</p><h4>Enhancing cybersecurity</h4><p style="font-weight: 400;">By outsourcing cybersecurity services, fintech companies can ensure they are secured against the newest threats without engaging in costly in-house security teams. As the fintech industry grows, so does the potential for cyberattacks and data breaches. By knowing that their security is in good hands, businesses can concentrate on their core skills while simultaneously helping to protect sensitive client data.</p><h4>Scalability and flexibility</h4><p style="font-weight: 400;">To keep up with increasing consumer needs, fintech companies frequently need to scale their operations quickly. Businesses can expand or contract their IT resources as needed without worrying about hiring or firing people, thanks to the flexibility and scalability that IT outsourcing can offer.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Future outlook for fintech development outsourcing</h2>				</div>
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									<p style="font-weight: 400;">Fintech outsourcing trends continually shift to meet the sector&#8217;s changing needs. We anticipate a significant shift toward automation and digitization in 2023 and the implementation of IoT and cutting-edge security measures. In addition, software development outsourcing for fintech start-ups is anticipated to rise significantly.</p><h4>Automation and Digitization</h4><p style="font-weight: 400;">Businesses increasingly use automation and digitization to optimize their processes and enhance customer experience as the fintech sector expands. Outsourcing companies are playing a crucial part in this change by giving access to specialized skills and cutting-edge technologies. Fintech companies can lower costs, shorten time to market, and concentrate on their core capabilities by utilizing outsourcing services.</p><h4>Advanced Security Measures and IoT</h4><p style="font-weight: 400;">Businesses strive to embrace cutting-edge security measures to secure their sensitive data, driving a change in outsourcing trends along with the rise of IoT. This is crucial in the fintech sector, where the safety of financial transactions is of utmost importance. Outsourcing companies are expanding their <a href="https://www.rinf.tech/what/r-d-embedded/embedded-iot/" target="_blank" rel="noopener">IoT solutions</a> and security services to address this need. These services give organizations peace of mind and shield them from any cyberattacks.</p><h4>Increased use of cloud computing</h4><p style="font-weight: 400;">Fintech outsourcing&#8217;s increasing adoption of <a href="https://www.rinf.tech/what/r-d-embedded/hybrid-private-cloud-optimizations/" target="_blank" rel="noopener">cloud computing</a> is a significant development changing the market. Cloud-based fintech solutions have several advantages: flexibility, scalability, and cost savings. Financial institutions don&#8217;t have to worry about the physical infrastructure or hardware needed to run their applications because they can rapidly and effectively scale their operations up or down based on their needs by leveraging the cloud.</p><p style="font-weight: 400;">Furthermore, cloud-based fintech solutions frequently provide better data backup and security, which is essential for financial institutions that handle sensitive financial data. Given these advantages, it is unsurprising that more fintech outsourcing companies are utilizing cloud-based solutions to satisfy their clients&#8217; changing needs.</p><h4>Enhanced AI and machine learning</h4><p style="font-weight: 400;">A significant trend affecting how financial institutions work is the increased use of artificial intelligence (AI) and machine learning (ML) in fintech outsourcing. Fintech outsourcing companies increasingly use AI and ML technologies to enhance fraud detection, risk management, and customer service. Financial organizations may examine massive amounts of data in real-time to spot potential fraud or risk events and take preventative measures by employing AI and ML algorithms.</p><p style="font-weight: 400;">Additionally, AI and ML can assist financial institutions in providing more individualized customer service and a more tailored experience to their customers. For instance, chatbots that employ AI and ML can respond in real time to client questions and assist users in finding the information they need. We anticipate seeing even more cutting-edge applications of AI and ML in fintech outsourcing as these technologies advance, leading to advancements in fraud detection, risk management, and customer service.</p><h4>The growing importance of regulatory compliance</h4><p style="font-weight: 400;">One key trend impacting the fintech outsourcing market is the increasing significance of <a href="https://www.rinf.tech/how-to-build-a-fintech-app-that-will-pass-certification/" target="_blank" rel="noopener">regulatory compliance</a>. To stop financial crimes and safeguard customer data, financial institutions that engage fintech outsourcing providers must adhere to several rules, including KYC (Know Your Customer) and AML (Anti-Money Laundering). As a result, fintech outsourcing companies are investing significantly in compliance technologies and procedures to ensure they adhere to these standards.</p><p style="font-weight: 400;">For instance, many fintech outsourcing companies automate compliance procedures like customer due diligence and transaction monitoring to increase accuracy and efficiency. To improve their compliance capabilities, some outsourcing companies are now collaborating with compliance-focused fintech firms. Due to the growing significance of regulatory compliance, fintech outsourcing providers prioritize compliance in their business models to ensure they can satisfy their clients&#8217; regulatory obligations while providing top-notch services.</p><h4>Higher demand for specialized services</h4><p style="font-weight: 400;">Fintech outsourcing&#8217;s rising demand for specialist services is a trend that reflects the sector&#8217;s increasing complexity and variety. Financial institutions are looking for specialist services to keep them ahead of the curve as fintech develops and new technologies appear. For instance, as blockchain technology gains popularity, there is a rising need for blockchain development services that assist financial institutions in utilizing this technology&#8217;s advantages, such as better security and transparency.</p><p style="font-weight: 400;">Furthermore, as cryptocurrencies become more widely accepted, there is a demand for specialized cryptocurrency management services that can aid financial institutions in managing digital assets safely and legally. Finally, as robo-advisory services gain popularity, financial institutions are looking for outsourcing companies that can successfully supply these services to their clients.</p><p style="font-weight: 400;">Outsourcing companies are expanding their skills and investing in new technology and expertise due to the rising demand for specialized services in fintech outsourcing. As fintech develops further and financial institutions look for creative answers to the ever-changing requirements of their customers, this tendency is likely to persist.</p>								</div>
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									<p style="font-weight: 400;">In 2024, it&#8217;s anticipated that fintech outsourcing will continue to develop, with a stronger emphasis on digitization, automation, IoT, and sophisticated security measures. Fintech solutions are being delivered by outsourcing companies with increasing expertise, giving companies access to a pool of qualified personnel and cutting-edge tools. It is anticipated that more and more fintech start-ups will use software development outsourcing services to speed up time-to-market and concentrate on their core skills.</p><p style="font-weight: 400;">Our team at <a href="https://www.rinf.tech/how/industries/fintech/" target="_blank" rel="noopener">rinf.tech</a> has years of experience designing and implementing cutting-edge business solutions for the complex and quickly changing world of finance.</p><p style="font-weight: 400;">Our partners work with us to create specialized solutions tailored to their requirements. These solutions range from <a href="https://www.rinf.tech/how/industries/fintech/risks-lending-and-deposits/" target="_blank" rel="noopener">complex banking process automation</a> to <a href="https://www.rinf.tech/how/industries/fintech/fintech-e-banking-application/" target="_blank" rel="noopener">eBanking mobile-first applications</a> to <a href="https://www.rinf.tech/how/industries/fintech/banking-process-digitalization/" target="_blank" rel="noopener">legacy app modernization and optimization.</a></p><p style="font-weight: 400;">We prioritize quality, security, and affordability when creating tailored solutions to help Fintech businesses succeed in the new digital environment and prepare for the future.</p>								</div>
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			<p>Legacy database models can no longer keep up with fintech’s real-time demands. A Log-First Architecture redefines data management — turning transactions into a living, auditable history that fuels agility, transparency, and innovation across financial systems.</p>
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		<p>The post <a href="https://www.rinf.tech/how-fintech-companies-benefit-from-it-outsourcing/">How FinTech Companies Benefit From IT Outsourcing</a> appeared first on <a href="https://www.rinf.tech">rinf.tech</a>.</p>
]]></content:encoded>
					
		
		
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		<item>
		<title>How Retail Companies Can Benefit from IT Outsourcing in 2023</title>
		<link>https://www.rinf.tech/how-retail-companies-can-benefit-from-it-outsourcing-in-2023/</link>
		
		<dc:creator><![CDATA[rinf.tech]]></dc:creator>
		<pubDate>Fri, 28 Apr 2023 10:54:26 +0000</pubDate>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[outsourcing]]></category>
		<category><![CDATA[retail]]></category>
		<guid isPermaLink="false">https://www.rinf.tech/?p=23136</guid>

					<description><![CDATA[<p>This article explores how retail companies can benefit from IT outsourcing in 2023, as they seek to integrate and implement retail innovation.</p>
<p>The post <a href="https://www.rinf.tech/how-retail-companies-can-benefit-from-it-outsourcing-in-2023/">How Retail Companies Can Benefit from IT Outsourcing in 2023</a> appeared first on <a href="https://www.rinf.tech">rinf.tech</a>.</p>
]]></description>
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					<h4 class="elementor-heading-title elementor-size-default">The fast-paced advancement of digital and automation technologies has brought about various innovations in different industries, including retail. Retail technology integrates digitalization and innovation in retail and e-commerce processes, from inventory management and order fulfillment to checkout and in-store service. The utilization of retail technology is vital in improving customer experience.</h4>				</div>
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									<p style="font-weight: 400;">According to <a href="https://www.mordorintelligence.com/industry-reports/digital-transformation-market-in-retail" target="_blank" rel="noopener">Mordor Intelligence</a>, the retail digital transformation industry worldwide was worth $143.55 billion in 2020, and it is projected to <strong>increase to $388.51 billion by 2026</strong>, exhibiting an anticipated CAGR of 18.2% between 2021 and 2026. The emergence of digital technologies for information gathering storage, analysis, and dissemination has resulted in a new phase of digital transformation in the retail sector.</p><p style="font-weight: 400;">Traditional and online businesses are currently investing in numerous retail technology aspects. For instance, brick-and-mortar retailers implement artificial intelligence tools like self-checkout systems and smart mirrors. At the same time, e-commerce enterprises use cloud-based software for effective inventory management and customer relationship management (CRM) tools to manage their customer base to maintain a seamless retail experience across multiple platforms.</p><div class="group w-full text-gray-800 dark:text-gray-100 border-b border-black/10 dark:border-gray-900/50 dark:bg-gray-800"><div class="text-base gap-4 md:gap-6 md:max-w-2xl lg:max-w-xl xl:max-w-3xl p-4 md:py-6 flex lg:px-0 m-auto"><div class="relative flex w-[calc(100%-50px)] flex-col gap-1 md:gap-3 lg:w-[calc(100%-115px)]"><div class="flex flex-grow flex-col gap-3"><div class="min-h-[20px] flex flex-col items-start gap-4 whitespace-pre-wrap break-words">This article explores how retail companies can benefit from IT outsourcing in 2023, as they seek to integrate and implement retail innovation.</div></div></div></div></div>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Reasons why retail companies outsource software development</h2>				</div>
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									<p style="font-weight: 400;">Retail companies must remain adaptable, creative, and efficient to compete in today&#8217;s competitive business market. They do this, for example, by outsourcing software development services. Retail businesses can gain access to specialized expertise in this way, cut costs, accelerate development, scale their efforts, and concentrate on their core abilities.</p><h4 style="font-weight: 400;">Cost Savings</h4><p style="font-weight: 400;">Retail companies can save money on labor costs by outsourcing software development. Hiring an internal team of developers might be expensive, especially if the business requires specialized knowledge or abilities. Retail companies can save money by outsourcing instead of paying for employee recruitment, onboarding, training, and maintenance. Furthermore, outsourcing to nations with lower labor costs might result in considerable financial savings.</p><h4 style="font-weight: 400;">Scalability</h4><p style="font-weight: 400;">Retail businesses that need to <a href="https://www.rinf.tech/building-scalable-software-products-why-when-how/" target="_blank" rel="noopener">scale</a> their operations rapidly and effectively may also outsource software development. Retailers must be able to quickly scale up their IT infrastructure to handle an increase in volume when demand spikes. Retailers can access a pool of qualified developers working on demand to satisfy the organization&#8217;s needs by outsourcing software development.</p><h4 style="font-weight: 400;">Expertise and Innovation</h4><p style="font-weight: 400;">Retail companies can access specialized skills and cutting-edge technology by outsourcing software development. Companies specializing in developing custom software frequently have experience dealing with a wide range of technologies and can offer access to knowledge that might not be available internally. For instance, IoT, AI, and robotics can be challenging to develop internally, but outsourcing can give access to specialists already experienced with these technologies.</p><h4 style="font-weight: 400;">Better Focus on Core Business</h4><p style="font-weight: 400;">By outsourcing their software development, retail organizations may free up internal resources to concentrate on their core businesses. Retailers can focus on their primary skills, such as product development, marketing, and customer service, by outsourcing non-essential services.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Trends in retail outsourcing</h2>				</div>
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									<p style="font-weight: 400;">The move toward digital transformation in the retail sector over the past few years has provided momentum for new trends in retail outsourcing. These are a few noteworthy developments that retail businesses need to be aware of.</p><h4 style="font-weight: 400;">Analytics based on Cloud CCTV Footage</h4><p style="font-weight: 400;">Retailers are increasingly utilizing cloud-based video analytics to enhance customer experience and optimize shop management. These analytics tools examine CCTV footage and offer insights into customer behavior, retail traffic, and inventory management using artificial intelligence and machine learning algorithms. By outsourcing video analytics to custom software development companies, retailers can obtain cutting-edge technologies without requiring in-house knowledge.</p><p style="font-weight: 400;">For instance, a <a href="https://www.rinf.tech/how/industries/technology/cctv-analytics/" target="_blank" rel="noopener">leading European retailer</a> sought a video surveillance solution that would integrate activity-based visualization and analytics, queue detection, facial recognition, and people counting. To achieve these goals, we at <a href="https://www.rinf.tech" target="_blank" rel="noopener">rinf.tech</a> developed a cutting-edge system that increased customer insights by <strong>90%</strong>, accelerated response rate by <strong>50%</strong>, and achieved the accuracy of customer patterns by <strong>60%</strong>.</p><p style="font-weight: 400;">Retail companies may improve their video surveillance methods by implementing AI-driven behavioral analytics tools.</p><h4 style="font-weight: 400;">Retail robots</h4><p style="font-weight: 400;">Robotics in the retail sector is another trend that is only starting to take off. Many different duties, such as inventory management, restocking, and customer service, can be carried out by retail robots.</p><p style="font-weight: 400;"><a href="https://www.adaptarobotics.com/robots/eris/" target="_blank" rel="noopener">ERIS</a> that started as a proof of concept project in our <a href="https://www.rinf.tech/what/r-d-embedded/" target="_blank" rel="noopener">R&amp;D</a> and was later transformed into a full-blown robot by our robotic scale-up Adapta Robotics is one example of a retail robot.</p><p style="font-weight: 400;">Now one of the the industry&#8217;s leading retail robots, ERIS promptly and precisely handles issues with price tags and on-shelf availability. It uses high-resolution cameras and depth sensors to assess shelf prices and barcode locations while integrating with the store&#8217;s architecture. ERIS uses AI algorithms to spot irregularities, estimate shelf availability, and send stock warnings. Its human operator can immediately address issues by printing and replacing incorrect labels or refilling the shelves.</p><h4>Customer Data Management</h4><p style="font-weight: 400;">Retail companies need to evaluate customer data successfully as they gather more and more information about their customers to better segment their markets and create more individualized marketing strategies. Using machine learning and artificial intelligence, custom software development firms can offer advanced analytics solutions that segment clients based on their behavior, preferences, and demographics. Retailers can gain a competitive advantage by giving their customers individualized experiences by outsourcing customer data management.</p><p style="font-weight: 400;">Using machine/deep learning algorithms, <a href="https://www.rinf.tech/how-to-supercharge-customer-segmentation-with-ai-and-ml-solutions/" target="_blank" rel="noopener">AI-enhanced data analytics</a> enhances customer targeting, increases conversions, and enables customized marketing campaigns. This method removes human bias and finds unnoticed trends and patterns for better outcomes. Additional advantages include indefinite scalability and automatic section upgrades. Businesses must invest in specialized, custom AI solutions to translate qualitative remarks into quantitative data and incorporate many sources of client input to achieve this strategy.</p><h4 style="font-weight: 400;">Cybersecurity</h4><p style="font-weight: 400;">Retail businesses are more vulnerable to cyberattacks, and outsourcing cybersecurity to firms that create custom software can add a layer of defense. Network security, threat intelligence, and incident response are just a few of the comprehensive cybersecurity solutions that custom software development businesses may offer. By outsourcing cybersecurity, retailers may concentrate on their primary business without worrying about security and data breaches.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Risks and challenges  of retail tech outsourcing </h2>				</div>
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									<h4>Lack of control over the process and management</h4><p style="font-weight: 400;">A typical business approach to lower expenses, increase efficiency, and concentrate on key skills is outsourcing. Outsourcing, though, has risks.</p><p style="font-weight: 400;">Lack of management and process control is one of the critical issues with outsourcing. Transparency between the organizations regarding the components of the management structure that must be kept is necessary to address this. Additionally, there may be considerable flexibility if we concentrate on results and measurements rather than how they are attained. The external team can be held accountable by establishing a communication frequency.</p><h4>Communication and cultural issues</h4><p style="font-weight: 400;">Cultural and communication problems provide a considerable additional risk. Communication is viewed by over 90% of organizations as a significant issue when outsourcing software projects. Language hurdles and cultural disparities may make it worse. A transparent communication system and ensuring the remote team has excellent English skills will be very beneficial and provide seamless collaboration. Potential misconceptions can also be avoided by setting clear expectations and confirming understanding.</p><h4>Quality Control</h4><p style="font-weight: 400;">Even though outsourcing might result in cost savings and increased productivity, there is always a chance that the project&#8217;s quality could deteriorate if the retailer does not select an appropriate outsourcing partner. It is essential to thoroughly screen prospective partners and ensure they have the knowledge and resources to do high-quality work to reduce this risk. This can be achieved by thoroughly investigating possible partners, reviewing their references and portfolio, and requesting case studies and examples of such projects they have previously executed.</p><p style="font-weight: 400;">Retailers can also express their specifications and expectations to their outsourcing partners clearly and concisely. By doing this, you can ensure that everyone is working toward the same goals and that the end product lives up to retailers&#8217; expectations. Retailers can also utilize project management software and set up regular check-ins with their outsourcing partners to track progress and ensure the project is on track.</p><h4>Security and Privacy Concerns</h4><p style="font-weight: 400;">Concerns about security and privacy must also be taken into account by companies when outsourcing. Retailers must ensure safety and protection, mainly if the data involves sensitive customer information. This is especially crucial given recent high-profile data breaches that have negatively affected the retail sector.</p><p style="font-weight: 400;">Businesses can take several precautions to reduce the risk of security and privacy breaches. They can confirm that their outsourcing partner has robust security measures, including firewalls, encryption, and multi-factor authentication. Companies may also need non-disclosure agreements and restrict access to only those who need it to set precise methods and rules for managing sensitive data.</p><p style="font-weight: 400;">Additionally, companies can carry out recurring security audits and penetration tests to spot vulnerabilities and confirm that the security precautions taken by their outsourcing partner are adequate. This can assist retailers in protecting their data and staying ahead of any attacks.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Wrapping up</h2>				</div>
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									<p style="font-weight: 400;">Retailers will benefit a lot from IT outsourcing in 2023 and beyond. Retailers may get the newest technology, know-how, and innovation without investing in an in-house staff by outsourcing their IT needs to a custom software development business. Choosing an outsourcing partner and managing the relationship is crucial to minimize potential risks and guarantee that the retailer&#8217;s technological needs are addressed.</p><p style="font-weight: 400;">Technology will be essential to companies&#8217; success as the retail sector develops. Retailers may position themselves for success and maintain their competitiveness in a market that is becoming more digital by embracing software development outsourcing.</p>								</div>
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			<p>This article explores how retail companies can benefit from IT outsourcing in 2023, as they seek to integrate and implement retail innovation.</p>
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			April 28, 2023		</span>
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				<article class="elementor-post elementor-grid-item post-22927 post type-post status-publish format-standard has-post-thumbnail hentry category-insights tag-outsourcing" role="listitem">
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			<p>This guide is designed to provide you with the necessary knowledge and tools to make informed decisions and achieve successful outcomes in IT Outsourcing.</p>
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			April 14, 2023		</span>
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		<p>The post <a href="https://www.rinf.tech/how-retail-companies-can-benefit-from-it-outsourcing-in-2023/">How Retail Companies Can Benefit from IT Outsourcing in 2023</a> appeared first on <a href="https://www.rinf.tech">rinf.tech</a>.</p>
]]></content:encoded>
					
		
		
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		<title>A Complete Guide to IT Outsourcing in 2023</title>
		<link>https://www.rinf.tech/a-complete-guide-to-it-outsourcing-in-2023/</link>
		
		<dc:creator><![CDATA[rinf.tech]]></dc:creator>
		<pubDate>Fri, 14 Apr 2023 13:57:43 +0000</pubDate>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[outsourcing]]></category>
		<guid isPermaLink="false">https://www.rinf.tech/?p=22927</guid>

					<description><![CDATA[<p>This guide is designed to provide you with the necessary knowledge and tools to make informed decisions and achieve successful outcomes in IT Outsourcing.</p>
<p>The post <a href="https://www.rinf.tech/a-complete-guide-to-it-outsourcing-in-2023/">A Complete Guide to IT Outsourcing in 2023</a> appeared first on <a href="https://www.rinf.tech">rinf.tech</a>.</p>
]]></description>
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					<h2 class="elementor-heading-title elementor-size-default">A Complete Guide to IT Outsourcing in 2023</h2>				</div>
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					<h4 class="elementor-heading-title elementor-size-default">The phenomenon of outsourcing IT projects has gained much importance due to the impact of globalization and the integration of countries through technology. This approach provides businesses with fresh opportunities and untapped potential. The IT industry is at the forefront of this trend, with most outsourcing activities, as much as 35% of the outsourcing services market, taking place in this sector.</h4>				</div>
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					<h4 class="elementor-heading-title elementor-size-default"><a href="https://www.precedenceresearch.com/it-services-outsourcing-market">According to Precedence Research, the size of the IT services outsourcing market on a global scale was $530.15 billion in 2021, and it is anticipated to reach approximately $1065.10 billion by 2030. The market is projected to grow at a CAGR of 8.06% during the forecast period from 2022 to 2030.</a></h4>				</div>
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									<p style="font-weight: 400;">Outsourcing entails the selection of an external provider to manage a specific component of an operation or venture. The provider that is deemed ideal should possess excellent qualifications and offer the requisite talent, time, and resources to execute the project and assist the company. Instead of relying on an internal team to develop software applications, a business hires a third party.</p><p style="font-weight: 400;">Numerous tools and technologies are available to ensure successful outsourcing, including collaboration tools, project management software, version control systems, code review and testing tools, and security and encryption tools.</p><p>This guide is designed to provide you with the necessary knowledge and tools to make informed decisions and achieve successful outcomes, whether you&#8217;re new to IT outsourcing or looking to improve your existing approach.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Reasons to outsource software development in 2023</h2>				</div>
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									<p style="font-weight: 400;">Companies often outsource software development when they need more in-house expertise. Other businesses outsource software development services to maximize time and quickly achieve goals. Additionally, numerous firms prefer to outsource to access a pool of professionals who can help them provide the best possible customer service.</p><p style="font-weight: 400;">Executing an outsourced software development project demands meticulous planning and implementation. This involves defining clear objectives and expectations, establishing efficient communication channels, overseeing progress, ensuring quality control, managing project scope and alterations, wrapping up the project, and transitioning into maintenance mode.</p><p style="font-weight: 400;">Businesses continue to consider it attractive to outsource software development in 2023 for several reasons.</p><h4>Cost reduction</h4><p style="font-weight: 400;">Companies can outsource and still receive high-quality work from the outsourcing partner while drastically reducing operational expenditures, such as infrastructure, hiring, training, and other expenses.</p><h4>Co-creation</h4><p style="font-weight: 400;">Companies can co-create products and services tailored to their unique needs and requirements by collaborating closely with an outsourcing partner. Better outcomes and a more effective product development process may arise from this.</p><h4>Access to the qualified talent</h4><p style="font-weight: 400;">Outsourcing nations with abundant skilled personnel, considering the global lack of trained IT experts, might be a cost-effective solution. Additionally, outsourcing enables companies to use cutting-edge technologies that might not be accessible in their home nation, resulting in faster invention and product creation.</p><h4>Fast innovation</h4><p style="font-weight: 400;">The IT industry relies heavily on innovation, but with the rapid rate of evolution in this field, it can be challenging for in-house teams to keep up with the latest technologies and enhance their skills. Software development outsourcing can provide a solution by quickly bringing new and fresh skill sets to the team.</p><h4>Flexibility in scaling</h4><p style="font-weight: 400;">The ability to scale and adapt is essential in today&#8217;s business landscape. With outsourcing, you can quickly adjust the composition of your development team by adding or removing members as necessary. This is possible because outsourcing companies have a pool of professionals with diverse skill sets, which makes the scaling process faster and more reliable.</p><h4>Focusing more on core business goals</h4><p style="font-weight: 400;">Outsourcing non-essential tasks or projects to a dedicated team frees up your in-house staff to concentrate on core activities. This allows you to optimize resources and achieve business goals more efficiently.</p>								</div>
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															<img loading="lazy" decoding="async" width="624" height="352" src="https://www.rinf.tech/wp-content/uploads/2023/04/outsourcing.jpg" class="attachment-full size-full wp-image-22930" alt="outsource software project to Romania" srcset="https://www.rinf.tech/wp-content/uploads/2023/04/outsourcing.jpg 624w, https://www.rinf.tech/wp-content/uploads/2023/04/outsourcing-300x169.jpg 300w" sizes="(max-width: 624px) 100vw, 624px" />															</div>
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					<h2 class="elementor-heading-title elementor-size-default">Popular delivery models in IT outsourcing</h2>				</div>
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									<p style="font-weight: 400;">To reduce costs and increase efficiency, businesses increasingly turn to outsourcing, which uses the knowledge of outside service providers. Solution Delivery, Managed Services, Managed Teams, Team Extension, and Squad-based development are five of the most well-liked outsourcing delivery methods.</p><h4>Solution Delivery</h4><p style="font-weight: 400;">In <a href="https://www.rinf.tech/how/delivery-models/solution-delivery/" target="_blank" rel="noopener">Solution Delivery,</a> the vendor has full responsibility for the supply of a service. From gathering and analyzing requirements to design, development, testing, deployment, and maintenance, the vendor offers end-to-end services. Companies that need more resources or knowledge to create and manage complicated software solutions should choose this model.</p><h4>Managed Services</h4><p style="font-weight: 400;">Another well-liked outsourcing strategy is <a href="https://www.rinf.tech/how/delivery-models/managed-services/" target="_blank" rel="noopener">managed services</a>, which entails the vendor offering ongoing support and upkeep services for a specific system or application. The vendor assumes control of the system or program and monitors, diagnoses, and resolves problems. This strategy is suitable for businesses that wish to concentrate on their core business operations while outsourcing the maintenance of their IT infrastructure.</p><h4>Managed Teams</h4><p style="font-weight: 400;">The vendor assembles an expert team of specialists under the <a href="https://www.rinf.tech/how/delivery-models/managed-team/" target="_blank" rel="noopener">managed team delivery model</a> to work on a particular project or set of tasks. The client controls the project&#8217;s priorities and direction, and the vendor oversees hiring, managing, and training the team. This strategy is perfect for businesses needing specific knowledge or abilities for their current personnel.</p><h4>Team Extension</h4><p style="font-weight: 400;">Another well-liked delivery method is <a href="https://www.rinf.tech/how/delivery-models/team-extension/" target="_blank" rel="noopener">Team Extension</a>, in which the vendor adds resources to the client&#8217;s current team. To supplement the client&#8217;s team, the vendor offers competent personnel temporarily or permanently, but the client maintains control over the project&#8217;s priorities and direction. This strategy is excellent for businesses that need to scale up or address specific talent gaps swiftly.</p><h4>Squad-based Development</h4><p style="font-weight: 400;">A more recent delivery approach called <a href="https://www.rinf.tech/how-developers-and-businesses-can-benefit-from-building-software-in-squads/" target="_blank" rel="noopener">squad-based development</a> entails the vendor supplying a committed, cross-functional team to work on a particular project or set of activities. The team is self-managing and is entirely in charge of delivering the project, from requirements collecting to deployment. This approach suits businesses looking to implement agile development methodologies and operate collaboratively, and team based.</p><p style="font-weight: 400;">There are several widely used delivery models in outsourcing, each with specific benefits and drawbacks. Businesses should carefully consider their unique requirements and ambitions to select the distribution model that best satisfies their demands.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Factors to consider when choosing an IT outsourcing provider</h2>				</div>
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									<p style="font-weight: 400;">Selecting the best outsourcing provider can be difficult because it requires a thorough assessment of numerous variables to ensure the provider can satisfy the company&#8217;s requirements and expectations. When choosing an outsourcing service, keep the following points in mind.</p><h4>Quality and Maturity Certifications</h4><p style="font-weight: 400;">Quality certifications like <a href="https://www.rinf.tech/how/certificates/" target="_blank" rel="noopener">ISO</a> or CMMI demonstrate a company&#8217;s dedication to quality and process excellence. These certifications indicate that a company is more likely to have clear processes and quality control mechanisms, which can lead to better work and shorter project delays.</p><h4>Robust Delivery Ecosystem</h4><p style="font-weight: 400;">Delivering services from several locations can be a significant advantage for a provider, allowing for risk diversification, cost savings, and access to difficult-to-find talent. Companies can select the delivery model that best matches their needs from a supplier with a global delivery ecosystem&#8217;s selection of services, ranging from onshore to offshore and nearshore.</p><h4>R&amp;D/Robotic Labs or Centers of Excellence</h4><p style="font-weight: 400;">Your outsourcing provider can provide access to cutting-edge technology, techniques, and best practices with its <a href="https://www.rinf.tech/what/r-d-embedded/" target="_blank" rel="noopener">R&amp;D</a> and Centers of Excellence. This may lead to quicker invention, better productivity, and more effectiveness.</p><h4>Dedicated Business Units</h4><p style="font-weight: 400;">Software providers with <a href="https://www.rinf.tech/what/" target="_blank" rel="noopener">specialized business units</a> concentrating on solution categories or domains can amass best practices and domain knowledge to support strong business cases. Companies should consider whether the provider has the required depth and breadth of knowledge and whether their expertise matches their needs.</p><h4>Extensive technological experience and methodologies</h4><p style="font-weight: 400;">A provider&#8217;s experience with comparable technology, projects, or sectors can be a great benefit, giving the business knowledge of potential problems and solutions. Businesses should assess the provider&#8217;s expertise in their sector of the economy or technological field and search for examples of completed, successful projects and client references.</p><p style="font-weight: 400;"><a href="https://www.rinf.tech/how/methodologies/" target="_blank" rel="noopener">The methodologies</a> a provider uses can significantly impact a project&#8217;s quality, effectiveness, and timeliness. Businesses should review the provider&#8217;s technique to see if it complements their project management and delivery strategy.</p><h4>Talent acquisition strategy and Tech Leadership Team</h4><p style="font-weight: 400;">A provider&#8217;s talent acquisition strategy may impact the level of skill and availability of resources. Companies should assess the provider&#8217;s talent acquisition and retention approach, including training and development programs, to ensure they can offer the required skills and knowledge.</p><p style="font-weight: 400;">A key element in the success of outsourcing initiatives can be the expertise and level of experience of the provider&#8217;s tech leadership team. To make sure they can deliver effective technical leadership and guidance throughout the project lifecycle, businesses should assess the leadership team of the provider&#8217;s leadership team&#8217;s experience, knowledge, and performance.</p>								</div>
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					<h4 class="elementor-heading-title elementor-size-default">Are you looking for a long-term software development outsourcing provider?</h4>				</div>
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										<img loading="lazy" decoding="async" width="1660" height="1096" src="https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-13.20.20.png" class="attachment-full size-full wp-image-22931" alt="Talent acquisition at rinf.tech" srcset="https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-13.20.20.png 1660w, https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-13.20.20-300x198.png 300w, https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-13.20.20-1024x676.png 1024w, https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-13.20.20-768x507.png 768w, https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-13.20.20-1536x1014.png 1536w" sizes="(max-width: 1660px) 100vw, 1660px" />											<figcaption class="widget-image-caption wp-caption-text">Talent Acquisition at rinf.tech</figcaption>
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					<h2 class="elementor-heading-title elementor-size-default">Top countries for IT outsourcing in 2023</h2>				</div>
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									<p style="font-weight: 400;">By 2023, it&#8217;s expected that the global market for software development outsourcing will continue to expand as more companies try to take advantage of outsourcing&#8217;s cost-saving and capacity-building advantages. With a combination of skilled labor, affordable prices, and welcoming business environments, several countries have emerged as popular outsourcing destinations.</p><h4>Romania</h4><p style="font-weight: 400;">In recent years, software development outsourcing has been increasingly popular in <a href="https://www.rinf.tech/romania-as-an-it-outsourcing-4-0-destination-market-overview/" target="_blank" rel="noopener">Romania</a>. Romania&#8217;s IT market value <a href="https://www.trade.gov/country-commercial-guides/romania-information-communications-technology-ict" target="_blank" rel="noopener">reached</a> €6 billion in 2022, with a population of 19 million and a GDP of $301.14 billion. In the <a href="https://www.wipo.int/global_innovation_index/en/2022/" target="_blank" rel="noopener">Bloomberg Innovation Index 2022</a>, the nation is ranked 37th out of 60, significantly emphasizing R&amp;D, education, and high-tech businesses.</p><p style="font-weight: 400;">With 147,000 ITC employees and 8,700 ITC graduates annually, Romania has a sizable pool of technical expertise. Most university graduates also speak English well, making them perfect candidates for IT outsourcing. JavaScript, Java, Python, C#, .NET, C++, C, SQL, PHP, and cybersecurity are some of the most used technologies in Romania.</p><p style="font-weight: 400;">Romania&#8217;s major tech cities are Bucharest, Cluj Napoca, Timisoara, Iasi, Brasov, and Sibiu. Numerous international companies, including Google, Amazon, Samsung, Huawei, and Accenture, have established R&amp;D facilities in Romania. Furthermore, 64% of Romania&#8217;s IT firms are financed by outside investors, demonstrating the country&#8217;s appeal to overseas investors.</p><p style="font-weight: 400;">Romania&#8217;s upper-middle-income economy is rapidly expanding, and it has been a member of the European Union since 2007. Because of the government&#8217;s welcoming policies for international companies, Romania is a fantastic location for software development outsourcing.</p>								</div>
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															<img loading="lazy" decoding="async" width="1200" height="676" src="https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-13.47.40-e1681382904367.png" class="attachment-full size-full wp-image-22940" alt="outsource software development to Romania" srcset="https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-13.47.40-e1681382904367.png 1200w, https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-13.47.40-e1681382904367-300x169.png 300w, https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-13.47.40-e1681382904367-1024x577.png 1024w, https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-13.47.40-e1681382904367-768x433.png 768w" sizes="(max-width: 1200px) 100vw, 1200px" />															</div>
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				<section class="elementor-section elementor-top-section elementor-element elementor-element-3a4e0ac7 animated-slow elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="3a4e0ac7" data-element_type="section" data-e-type="section" data-settings="{&quot;animation&quot;:&quot;none&quot;}">
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						<div class="elementor-element elementor-element-6f59b5df animated-slow elementor-invisible elementor-widget elementor-widget-heading" data-id="6f59b5df" data-element_type="widget" data-e-type="widget" data-settings="{&quot;motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_effect&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_direction&quot;:&quot;out-in-out&quot;,&quot;motion_fx_opacity_level&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:6,&quot;sizes&quot;:[]},&quot;motion_fx_opacity_range&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:0,&quot;end&quot;:50}},&quot;motion_fx_blur_effect&quot;:&quot;yes&quot;,&quot;motion_fx_blur_level&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:15,&quot;sizes&quot;:[]},&quot;motion_fx_blur_range&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:0,&quot;end&quot;:25}},&quot;_animation&quot;:&quot;slideInUp&quot;,&quot;motion_fx_blur_direction&quot;:&quot;out-in&quot;,&quot;motion_fx_devices&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;]}" data-widget_type="heading.default">
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					<h3 class="elementor-heading-title elementor-size-default">Romania Snapshot</h3>				</div>
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				<section class="elementor-section elementor-inner-section elementor-element elementor-element-4c00769b elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="4c00769b" data-element_type="section" data-e-type="section">
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						<div class="elementor-icon">
							<i aria-hidden="true" class="fas fa-euro-sign"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						IT Market Value in 2022					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						€6 Billion					</div>
				
							</div>
						</div>
						</div>
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						<div class="elementor-element elementor-element-5877a9d9 elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action" data-id="5877a9d9" data-element_type="widget" data-e-type="widget" data-widget_type="call-to-action.default">
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									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
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							<i aria-hidden="true" class="far fa-thumbs-up"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						Bloomberg Innovation Index					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						37/60					</div>
				
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							<i aria-hidden="true" class="fas fa-people-arrows"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						ICT Talent Pool					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						147,000+					</div>
				
							</div>
						</div>
						</div>
				</div>
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							<i aria-hidden="true" class="fas fa-user-graduate"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						Annual ICT Graduates					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						8,700+					</div>
				
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				<section class="elementor-section elementor-inner-section elementor-element elementor-element-527ae611 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="527ae611" data-element_type="section" data-e-type="section">
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									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="far fa-hand-rock"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						IT Competitiveness Index 2023					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						6/23					</div>
				
							</div>
						</div>
						</div>
				</div>
					</div>
		</div>
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							<i aria-hidden="true" class="fas fa-globe"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						WIPO Global Innovation Index 2022					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						49/132					</div>
				
							</div>
						</div>
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					</div>
		</div>
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									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="far fa-star"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						Index of Economic Freedom					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						47/178					</div>
				
							</div>
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						</div>
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		</div>
				<div class="elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-40d4b2b8" data-id="40d4b2b8" data-element_type="column" data-e-type="column">
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						<div class="elementor-element elementor-element-c56b158 elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action" data-id="c56b158" data-element_type="widget" data-e-type="widget" data-widget_type="call-to-action.default">
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									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="fab fa-dev"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						Human Development Index					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						48/189					</div>
				
							</div>
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		</section>
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									<div><h4><span lang="EN-US">Bulgaria</span></h4><p style="font-weight: 400;">In recent years, Bulgaria has grown in popularity as a location for outsourcing software development. For businesses wishing to outsource their IT services, the nation&#8217;s 6.8 million inhabitants, $82.28 billion GDP, and significant-tech hubs like Sofia (which employs 70% of the nation&#8217;s IT workforce), Plovdiv, Varna, and Burgas make it a desirable alternative.</p><p style="font-weight: 400;">Bulgaria scored exceptionally well in R&amp;D and patents, placing 39 out of 60 in the Bloomberg Innovation Index 2022. Additionally, Bulgaria is ranked 35th out of 132 countries in the WIPO Global Invention Index 2022, demonstrating a strong culture of invention and technological growth. These elements, Bulgaria&#8217;s €3.3 billion IT market value, and 10,000 ITC firms—70% active in outsourcing—make the country a feasible choice for outsourcing software development services.</p><p style="font-weight: 400;">Another important aspect of Bulgaria&#8217;s appeal as a location for outsourcing is the country&#8217;s tech talent market. The ITC sector employs about 100,000 people, 40% of whom work in IT outsourcing, and the nation has a sizable pool of qualified workers. Foreign enterprises can connect and collaborate with local talent more easily thanks to their fluency in foreign languages, including Russian, English, Italian, Spanish, and French, and the 5,000 STEM graduates per year in computer science, automation, and cybersecurity.</p><p style="font-weight: 400;">Additionally, various major technologies are available in Bulgaria, including Java, PHP, C#, .Net, C, Ruby, iOS, Unity, HTML, and Python, which adds to the country&#8217;s appeal as a location for outsourcing. The nation is a trustworthy and stable location for international firms due to its shared legal and regulatory framework as an EU member state.</p></div>								</div>
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				<div class="elementor-widget-container">
															<img loading="lazy" decoding="async" width="1200" height="652" src="https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-13.51.20-e1681383140256.png" class="attachment-full size-full wp-image-22941" alt="software development outsourcing to Bulgaria" srcset="https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-13.51.20-e1681383140256.png 1200w, https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-13.51.20-e1681383140256-300x163.png 300w, https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-13.51.20-e1681383140256-1024x556.png 1024w, https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-13.51.20-e1681383140256-768x417.png 768w" sizes="(max-width: 1200px) 100vw, 1200px" />															</div>
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			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-bd74c0c animated-slow elementor-invisible elementor-widget elementor-widget-heading" data-id="bd74c0c" data-element_type="widget" data-e-type="widget" data-settings="{&quot;motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_effect&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_direction&quot;:&quot;out-in-out&quot;,&quot;motion_fx_opacity_level&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:6,&quot;sizes&quot;:[]},&quot;motion_fx_opacity_range&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:0,&quot;end&quot;:50}},&quot;motion_fx_blur_effect&quot;:&quot;yes&quot;,&quot;motion_fx_blur_level&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:15,&quot;sizes&quot;:[]},&quot;motion_fx_blur_range&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:0,&quot;end&quot;:25}},&quot;_animation&quot;:&quot;slideInUp&quot;,&quot;motion_fx_blur_direction&quot;:&quot;out-in&quot;,&quot;motion_fx_devices&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;]}" data-widget_type="heading.default">
				<div class="elementor-widget-container">
					<h3 class="elementor-heading-title elementor-size-default">Bulgaria Snapshot</h3>				</div>
				</div>
				<section class="elementor-section elementor-inner-section elementor-element elementor-element-a5d8259 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="a5d8259" data-element_type="section" data-e-type="section">
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						<div class="elementor-element elementor-element-49f1b37 elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action" data-id="49f1b37" data-element_type="widget" data-e-type="widget" data-widget_type="call-to-action.default">
				<div class="elementor-widget-container">
							<div class="elementor-cta">
							<div class="elementor-cta__content">
									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="fas fa-euro-sign"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						IT Market Value in 2022					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						€3.3 Billion					</div>
				
							</div>
						</div>
						</div>
				</div>
					</div>
		</div>
				<div class="elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-f212973" data-id="f212973" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-42ee2b4 elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action" data-id="42ee2b4" data-element_type="widget" data-e-type="widget" data-widget_type="call-to-action.default">
				<div class="elementor-widget-container">
							<div class="elementor-cta">
							<div class="elementor-cta__content">
									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="far fa-thumbs-up"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						Bloomberg Innovation Index					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						39/60					</div>
				
							</div>
						</div>
						</div>
				</div>
					</div>
		</div>
				<div class="elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-8bb2572" data-id="8bb2572" data-element_type="column" data-e-type="column">
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				<div class="elementor-widget-container">
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									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
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							<i aria-hidden="true" class="fas fa-people-arrows"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						ICT Talent Pool					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						100,000+					</div>
				
							</div>
						</div>
						</div>
				</div>
					</div>
		</div>
				<div class="elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-db9bdf5" data-id="db9bdf5" data-element_type="column" data-e-type="column">
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				<div class="elementor-widget-container">
							<div class="elementor-cta">
							<div class="elementor-cta__content">
									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="fas fa-user-graduate"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						Annual ICT Graduates					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						5,000+					</div>
				
							</div>
						</div>
						</div>
				</div>
					</div>
		</div>
					</div>
		</section>
				<section class="elementor-section elementor-inner-section elementor-element elementor-element-d8fbfa7 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="d8fbfa7" data-element_type="section" data-e-type="section">
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						<div class="elementor-element elementor-element-e7fa7cb elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action" data-id="e7fa7cb" data-element_type="widget" data-e-type="widget" data-widget_type="call-to-action.default">
				<div class="elementor-widget-container">
							<div class="elementor-cta">
							<div class="elementor-cta__content">
									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="far fa-hand-rock"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						IT Competitiveness Index 2023					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						10/23					</div>
				
							</div>
						</div>
						</div>
				</div>
					</div>
		</div>
				<div class="elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-521ef8b" data-id="521ef8b" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-c7f9f99 elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action" data-id="c7f9f99" data-element_type="widget" data-e-type="widget" data-widget_type="call-to-action.default">
				<div class="elementor-widget-container">
							<div class="elementor-cta">
							<div class="elementor-cta__content">
									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="fas fa-globe"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						WIPO Global Innovation Index 2022					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						35/132					</div>
				
							</div>
						</div>
						</div>
				</div>
					</div>
		</div>
				<div class="elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-2dd1b84" data-id="2dd1b84" data-element_type="column" data-e-type="column">
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						<div class="elementor-element elementor-element-bc06abe elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action" data-id="bc06abe" data-element_type="widget" data-e-type="widget" data-widget_type="call-to-action.default">
				<div class="elementor-widget-container">
							<div class="elementor-cta">
							<div class="elementor-cta__content">
									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="far fa-star"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						Index of Economic Freedom					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						69/178					</div>
				
							</div>
						</div>
						</div>
				</div>
					</div>
		</div>
				<div class="elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-66a98b3" data-id="66a98b3" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-9c13dd8 elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action" data-id="9c13dd8" data-element_type="widget" data-e-type="widget" data-widget_type="call-to-action.default">
				<div class="elementor-widget-container">
							<div class="elementor-cta">
							<div class="elementor-cta__content">
									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="far fa-check-circle"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						Human Development Index					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						55/187					</div>
				
							</div>
						</div>
						</div>
				</div>
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					</div>
		</section>
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		</section>
		<div class="elementor-element elementor-element-f838eb1 e-flex e-con-boxed e-con e-parent" data-id="f838eb1" data-element_type="container" data-e-type="container">
					<div class="e-con-inner">
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				<div class="elementor-element elementor-element-bd9adb2 elementor-widget elementor-widget-text-editor" data-id="bd9adb2" data-element_type="widget" data-e-type="widget" data-widget_type="text-editor.default">
				<div class="elementor-widget-container">
									<h4>Ukraine</h4><p>You may be surprised to see Ukraine in this list given the ongoing war in the country. However, last year, Ukraine tech industry demonstrated incredible resilience and  is doing surprisingly well this year, according to <a href="https://www.dw.com/en/ukraines-tech-sector-is-boomingdespite-the-war/video-64776290" target="_blank" rel="noopener">Deutsche Welle</a>. &#8220;Many companies have gone into exile abroad and are using their profits to help finance war efforts back home.</p><p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">As the war broke out on February 24, 2022, most Ukrainian IT organizations moved all their critical data to secure storage and put in place comprehensive measures to protect their critical operations. rinf.tech, in particular, put together a comprehensive <a href="https://www.rinf.tech/ukrainian-software-developers-continue-delivering-to-customers-as-war-is-in-full-swing/" target="_blank" rel="noopener">business continuity plan</a> for our Ukrainian employees ready and waiting from the end of 2022.</span></p><p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">Many Ukrainian IT leaders expertly figured out how to move their Ukrainian staff to safe locations, and promptly provided housing and financial support to those who were forced to flee their hometowns. All vital technology resources such as documentation, designs, code, etc. have been secured as well. Currently, more than 70% of Ukrainian IT employees work from the relatively peaceful Central and Western regions of the country, and about 16% of tech specialists (mainly female) have moved abroad to their companies&#8217; foreign offices, headquarters or branches. </span></p><p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">At first, there were interruptions and delays. Some cities were razed to the ground by Russian artillery, and petrified people fled west in disorder, but the panic did not last long before the Ukrainians stubbornly retreated. And since remote work has already become the norm for most software developers during the pandemic, numerous IT engineers have found ways to keep working despite the challenges.</span></p><p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">It&#8217;s hard to believe, but the Ukrainian tech sector hit a record $2 billion in the first quarter of 2022, up 25% year-over-year, despite the country weathering full-blown Russian aggression.</span></p><p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">Yet, the Ukrainian tech industry pushed even harder to make its contribution to the country&#8217;s economy. In November 2022, the Better Regulation Delivery Office <a href="https://brdo.com.ua/en/news/180-tysyach-novyh-robochyh-mists-yak-zminylasya-ukrayinska-it-industriya-za-5-rokiv/" target="_blank" rel="noopener">reported</a> on the dynamics of business development in the Ukrainian IT sector over the past five years. The industry accounted for 13% of the country&#8217;s total exports, which amounted to $7.6 billion.</span></p><p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">According to <a href="https://techukraine.org/2022/05/10/the-ukrainian-it-industry-showed-a-record-high-financial-result-despite-the-war/" target="_blank" rel="noopener">TechUkraine</a>, the IT sector has retained 96% of its service exports. As many as 77% of Ukraine-based companies acquired new customers during the war.</span></p><p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">Overall, international companies have been incredibly supportive of their Ukrainian tech partners by showing faith and staying with them.</span></p><p dir="ltr" data-placeholder="Translation">Of large Ukrainian tech companies, just 1% <a href="https://www.youtube.com/watch?v=u3aeFY-hc2c" target="_blank" rel="noopener">reported</a> losing contracts due to war.</p><p class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">Firms with between 200 and 1,200 professionals were able to <a href="https://www.youtube.com/watch?v=u3aeFY-hc2c" target="_blank" rel="noopener">keep</a> 90% of their contracts, while smaller companies managed to keep 88%.</span></p><p style="font-weight: 400;"><a href="https://www.rinf.tech/ukraine-it-industry-2022/" target="_blank" rel="noopener">Ukraine</a> has become a well-known location for software development outsourcing. Ukraine, which has a 44-million population, has the second-largest market for STEM skills  in Central and Eastern Europe.</p><p style="font-weight: 400;">The country has many essential tech hubs, including Kyiv, Odesa, Dnipro, Lviv, Kharkiv, and Vinnytsia, with a combined workforce of over 300,000. Ukraine offers a consistent supply of highly skilled software engineers concentrating on Computer Science, Automation, and Cybersecurity, with 17,000 graduates in STEM subjects per year.</p><p style="font-weight: 400;">With 50% of Ukrainian software developers speaking English at an upper-intermediate level or higher, Ukrainian teams are simple for businesses. International companies like Microsoft, Huawei, Siemens, Oracle, and Skype all operate fulfillment facilities in Ukraine, proving the nation&#8217;s attractiveness.</p><p style="font-weight: 400;">With access to cutting-edge technologies and equipment, Ukraine has a well-developed IT infrastructure with high-speed internet connectivity. According to SkillValue, Ukraine is the eighth-best country in the world for having highly skilled programmers, with an average score index of 91.26%. It is also simpler for businesses to collaborate with Ukrainian teams because Ukraine and many Western European nations have comparable cultural backgrounds.</p><p style="font-weight: 400;">Thanks to its expanding startup ecosystem, Ukraine is generating cutting-edge new businesses and technologies. It is hardly surprising that over 90% of IT companies intend to keep investing in Ukraine and that 43.1% anticipate commercial growth this year. Overall, it is expected that Ukraine will continue to prosper as a location for software development outsourcing.</p>								</div>
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															<img loading="lazy" decoding="async" width="1200" height="661" src="https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-17.00.52-e1681394513818.png" class="attachment-full size-full wp-image-22948" alt="software development outsourcing to Ukraine" srcset="https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-17.00.52-e1681394513818.png 1200w, https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-17.00.52-e1681394513818-300x165.png 300w, https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-17.00.52-e1681394513818-1024x564.png 1024w, https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-17.00.52-e1681394513818-768x423.png 768w" sizes="(max-width: 1200px) 100vw, 1200px" />															</div>
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				<section class="elementor-section elementor-top-section elementor-element elementor-element-e86c6ee animated-slow elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="e86c6ee" data-element_type="section" data-e-type="section" data-settings="{&quot;animation&quot;:&quot;none&quot;}">
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			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-b78cc31 animated-slow elementor-invisible elementor-widget elementor-widget-heading" data-id="b78cc31" data-element_type="widget" data-e-type="widget" data-settings="{&quot;motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_effect&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_direction&quot;:&quot;out-in-out&quot;,&quot;motion_fx_opacity_level&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:6,&quot;sizes&quot;:[]},&quot;motion_fx_opacity_range&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:0,&quot;end&quot;:50}},&quot;motion_fx_blur_effect&quot;:&quot;yes&quot;,&quot;motion_fx_blur_level&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:15,&quot;sizes&quot;:[]},&quot;motion_fx_blur_range&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:0,&quot;end&quot;:25}},&quot;_animation&quot;:&quot;slideInUp&quot;,&quot;motion_fx_blur_direction&quot;:&quot;out-in&quot;,&quot;motion_fx_devices&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;]}" data-widget_type="heading.default">
				<div class="elementor-widget-container">
					<h3 class="elementor-heading-title elementor-size-default">Ukraine Snapshot</h3>				</div>
				</div>
				<section class="elementor-section elementor-inner-section elementor-element elementor-element-43ced9a elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="43ced9a" data-element_type="section" data-e-type="section">
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						<div class="elementor-icon">
							<i aria-hidden="true" class="fas fa-euro-sign"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						IT Market Value in 2022					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						€7.6 Billion					</div>
				
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				<div class="elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-5a6daf1" data-id="5a6daf1" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-b786e4f elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action" data-id="b786e4f" data-element_type="widget" data-e-type="widget" data-widget_type="call-to-action.default">
				<div class="elementor-widget-container">
							<div class="elementor-cta">
							<div class="elementor-cta__content">
									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="far fa-thumbs-up"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						Bloomberg Innovation Index					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						33/60					</div>
				
							</div>
						</div>
						</div>
				</div>
					</div>
		</div>
				<div class="elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-caca269" data-id="caca269" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-997311e elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action" data-id="997311e" data-element_type="widget" data-e-type="widget" data-widget_type="call-to-action.default">
				<div class="elementor-widget-container">
							<div class="elementor-cta">
							<div class="elementor-cta__content">
									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="fas fa-people-arrows"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						ICT Talent Pool					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						300,000+					</div>
				
							</div>
						</div>
						</div>
				</div>
					</div>
		</div>
				<div class="elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-9063a31" data-id="9063a31" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-e0225da elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action" data-id="e0225da" data-element_type="widget" data-e-type="widget" data-widget_type="call-to-action.default">
				<div class="elementor-widget-container">
							<div class="elementor-cta">
							<div class="elementor-cta__content">
									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="fas fa-user-graduate"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						Annual ICT Graduates					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						17,000+					</div>
				
							</div>
						</div>
						</div>
				</div>
					</div>
		</div>
					</div>
		</section>
				<section class="elementor-section elementor-inner-section elementor-element elementor-element-006e14e elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="006e14e" data-element_type="section" data-e-type="section">
						<div class="elementor-container elementor-column-gap-default">
					<div class="elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-257a844" data-id="257a844" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-92ec7c5 elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action" data-id="92ec7c5" data-element_type="widget" data-e-type="widget" data-widget_type="call-to-action.default">
				<div class="elementor-widget-container">
							<div class="elementor-cta">
							<div class="elementor-cta__content">
									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="far fa-hand-rock"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						IT Competitiveness Index 2023					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						12/23					</div>
				
							</div>
						</div>
						</div>
				</div>
					</div>
		</div>
				<div class="elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-cf46e36" data-id="cf46e36" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-417f346 elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action" data-id="417f346" data-element_type="widget" data-e-type="widget" data-widget_type="call-to-action.default">
				<div class="elementor-widget-container">
							<div class="elementor-cta">
							<div class="elementor-cta__content">
									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="fas fa-globe"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						WIPO Global Innovation Index 2022					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						57/132					</div>
				
							</div>
						</div>
						</div>
				</div>
					</div>
		</div>
				<div class="elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-3dfd383" data-id="3dfd383" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-f8a7b1d elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action" data-id="f8a7b1d" data-element_type="widget" data-e-type="widget" data-widget_type="call-to-action.default">
				<div class="elementor-widget-container">
							<div class="elementor-cta">
							<div class="elementor-cta__content">
									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="far fa-flag"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						SkillValue Index					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						91					</div>
				
							</div>
						</div>
						</div>
				</div>
					</div>
		</div>
				<div class="elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-c7e75af" data-id="c7e75af" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-c132ba4 elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action" data-id="c132ba4" data-element_type="widget" data-e-type="widget" data-widget_type="call-to-action.default">
				<div class="elementor-widget-container">
							<div class="elementor-cta">
							<div class="elementor-cta__content">
									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="far fa-check-circle"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						Best Country for Outsourcing					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						by BritishGlobal Sourcing Association (2021)					</div>
				
							</div>
						</div>
						</div>
				</div>
					</div>
		</div>
					</div>
		</section>
					</div>
		</div>
					</div>
		</section>
		<div class="elementor-element elementor-element-6eb83f5 e-flex e-con-boxed e-con e-parent" data-id="6eb83f5" data-element_type="container" data-e-type="container">
					<div class="e-con-inner">
				<div class="elementor-element elementor-element-722d381 elementor-widget elementor-widget-spacer" data-id="722d381" data-element_type="widget" data-e-type="widget" data-widget_type="spacer.default">
				<div class="elementor-widget-container">
							<div class="elementor-spacer">
			<div class="elementor-spacer-inner"></div>
		</div>
						</div>
				</div>
					</div>
				</div>
		<div class="elementor-element elementor-element-dc5ea73 e-flex e-con-boxed e-con e-parent" data-id="dc5ea73" data-element_type="container" data-e-type="container">
					<div class="e-con-inner">
				<div class="elementor-element elementor-element-4c24906 elementor-widget elementor-widget-text-editor" data-id="4c24906" data-element_type="widget" data-e-type="widget" data-widget_type="text-editor.default">
				<div class="elementor-widget-container">
									<h4>Türkiye</h4><p style="font-weight: 400;">In recent years, Türkiye has become a desirable location for outsourcing software development. With an 87 million-strong population and the third-largest labor force in Europe, the nation boasts a sizable and highly skilled workforce. With increasing firms concentrating on fintech, e-commerce, and healthcare, Türkiye has a thriving startup ecosystem.</p><p style="font-weight: 400;">Türkiye has a highly skilled workforce in the ICT industry, with an emphasis on software development, artificial intelligence, and cybersecurity. The nation also boasts a sizable pool of STEM graduates, with 209 universities producing 98,000 of them each year. Türkiye receives a 6.9/10 on the availability of qualified software developers, outperforming comparable Eastern European nations like Poland, Bulgaria, and Romania.</p><p style="font-weight: 400;">Türkiye is a hot spot for businesses looking to develop a presence in Europe and Asia due to its advantageous location between the two continents. Turkish technologists can choose from a wide variety of commercial and cultural opportunities. The nation has also implemented several programs to help the technology sector&#8217;s growth, including tax incentives, funding for technology parks and research facilities, and steps to cut down on red tape and bureaucracy.</p><p style="font-weight: 400;">The predicted value of the Turkish IT market is $30 billion in 2022, with $17.5 billion in IT exports, a 58% increase from 2020. Global companies with substantial operations in Turkey include Microsoft, Huawei, Coca-Cola, Ford Automotive, Hyundai, Pfizer, Unilever, Toyota, Oracle, SAP, and Google. Moreover, the nation employs over 71,800 people across 1,600 software development firms and 1,200 R&amp;D facilities.</p><p style="font-weight: 400;">Türkiye is the perfect site for businesses seeking a foothold because these R&amp;D centers can benefit from sizable incentives.</p>								</div>
				</div>
					</div>
				</div>
		<div class="elementor-element elementor-element-ceae80c e-flex e-con-boxed e-con e-parent" data-id="ceae80c" data-element_type="container" data-e-type="container">
					<div class="e-con-inner">
				<div class="elementor-element elementor-element-5b87dda elementor-widget elementor-widget-image" data-id="5b87dda" data-element_type="widget" data-e-type="widget" data-widget_type="image.default">
				<div class="elementor-widget-container">
															<img loading="lazy" decoding="async" width="1200" height="606" src="https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-17.14.32-e1681395610166.png" class="attachment-full size-full wp-image-22949" alt="outsource software development to Turkey" srcset="https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-17.14.32-e1681395610166.png 1200w, https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-17.14.32-e1681395610166-300x152.png 300w, https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-17.14.32-e1681395610166-1024x517.png 1024w, https://www.rinf.tech/wp-content/uploads/2023/04/Screenshot-2023-04-13-at-17.14.32-e1681395610166-768x388.png 768w" sizes="(max-width: 1200px) 100vw, 1200px" />															</div>
				</div>
					</div>
				</div>
				<section class="elementor-section elementor-top-section elementor-element elementor-element-410a1db animated-slow elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="410a1db" data-element_type="section" data-e-type="section" data-settings="{&quot;animation&quot;:&quot;none&quot;}">
						<div class="elementor-container elementor-column-gap-default">
					<div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-350a34e" data-id="350a34e" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-ced2bcb animated-slow elementor-invisible elementor-widget elementor-widget-heading" data-id="ced2bcb" data-element_type="widget" data-e-type="widget" data-settings="{&quot;motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_effect&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_direction&quot;:&quot;out-in-out&quot;,&quot;motion_fx_opacity_level&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:6,&quot;sizes&quot;:[]},&quot;motion_fx_opacity_range&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:0,&quot;end&quot;:50}},&quot;motion_fx_blur_effect&quot;:&quot;yes&quot;,&quot;motion_fx_blur_level&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:15,&quot;sizes&quot;:[]},&quot;motion_fx_blur_range&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:0,&quot;end&quot;:25}},&quot;_animation&quot;:&quot;slideInUp&quot;,&quot;motion_fx_blur_direction&quot;:&quot;out-in&quot;,&quot;motion_fx_devices&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;]}" data-widget_type="heading.default">
				<div class="elementor-widget-container">
					<h3 class="elementor-heading-title elementor-size-default">Türkiye Snapshot</h3>				</div>
				</div>
				<section class="elementor-section elementor-inner-section elementor-element elementor-element-46decaa elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="46decaa" data-element_type="section" data-e-type="section">
						<div class="elementor-container elementor-column-gap-default">
					<div class="elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-d13fc6c" data-id="d13fc6c" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-de6595f elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action" data-id="de6595f" data-element_type="widget" data-e-type="widget" data-widget_type="call-to-action.default">
				<div class="elementor-widget-container">
							<div class="elementor-cta">
							<div class="elementor-cta__content">
									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="fas fa-euro-sign"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						IT Exports Value in 2022					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						€17.5 Billion					</div>
				
							</div>
						</div>
						</div>
				</div>
					</div>
		</div>
				<div class="elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-4e4db63" data-id="4e4db63" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-6fa9748 elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action" data-id="6fa9748" data-element_type="widget" data-e-type="widget" data-widget_type="call-to-action.default">
				<div class="elementor-widget-container">
							<div class="elementor-cta">
							<div class="elementor-cta__content">
									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="far fa-thumbs-up"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						Bloomberg Innovation Index					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						35/60					</div>
				
							</div>
						</div>
						</div>
				</div>
					</div>
		</div>
				<div class="elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-62c72b8" data-id="62c72b8" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-c1ce1cf elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action" data-id="c1ce1cf" data-element_type="widget" data-e-type="widget" data-widget_type="call-to-action.default">
				<div class="elementor-widget-container">
							<div class="elementor-cta">
							<div class="elementor-cta__content">
									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="fas fa-people-arrows"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						ICT Talent Pool					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						150,000+					</div>
				
							</div>
						</div>
						</div>
				</div>
					</div>
		</div>
				<div class="elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-7c3a5b0" data-id="7c3a5b0" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-672a78d elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action" data-id="672a78d" data-element_type="widget" data-e-type="widget" data-widget_type="call-to-action.default">
				<div class="elementor-widget-container">
							<div class="elementor-cta">
							<div class="elementor-cta__content">
									<div class="elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default">
						<div class="elementor-icon">
							<i aria-hidden="true" class="fas fa-globe"></i>						</div>
					</div>
				
									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						WIPO Global Innovation Index 2022					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						37/132					</div>
				
							</div>
						</div>
						</div>
				</div>
					</div>
		</div>
					</div>
		</section>
					</div>
		</div>
					</div>
		</section>
		<div class="elementor-element elementor-element-fb728ed e-flex e-con-boxed e-con e-parent" data-id="fb728ed" data-element_type="container" data-e-type="container">
					<div class="e-con-inner">
				<div class="elementor-element elementor-element-f29940f elementor-widget elementor-widget-spacer" data-id="f29940f" data-element_type="widget" data-e-type="widget" data-widget_type="spacer.default">
				<div class="elementor-widget-container">
							<div class="elementor-spacer">
			<div class="elementor-spacer-inner"></div>
		</div>
						</div>
				</div>
					</div>
				</div>
		<div class="elementor-element elementor-element-3a49f4e e-flex e-con-boxed e-con e-parent" data-id="3a49f4e" data-element_type="container" data-e-type="container">
					<div class="e-con-inner">
				<div class="elementor-element elementor-element-8ba7b9d elementor-widget elementor-widget-text-editor" data-id="8ba7b9d" data-element_type="widget" data-e-type="widget" data-widget_type="text-editor.default">
				<div class="elementor-widget-container">
									<h4>Mexico</h4><p style="font-weight: 400;">Software development outsourcing is becoming more and more common in Mexico. With a GDP of $1304 billion and a population of over 133 million, Mexico presents a sizable and vibrant market with significant growth potential. The tech talent market in Mexico&#8217;s major tech hubs, including Mexico City, Guadalajara, and Monterrey, is thriving and expanding quickly.</p><p style="font-weight: 400;">The nation&#8217;s high rating on the Bloomberg Innovation Index 2022 strengthens its position as a top outsourcing destination. Mexico performed exceptionally well in R&amp;D, education, high-tech enterprises, and patents, scoring 58 out of 60 overall. This demonstrates how strongly the nation is committed to innovation and technology.</p><p style="font-weight: 400;">Over 700,000 people are employed in the ITC industry in Mexico, and 130,000 graduate in essential technologies, including embedded systems, CSS, Java, JavaScript, Python, C, C++, PHP, and .Net each year. Many Mexican workers can communicate with clients from the United States and other English-speaking nations because they are fluent in Spanish and English.</p><p style="font-weight: 400;">Many international companies with fulfillment centers are based in Mexico, including Huawei, Oracle, Honeywell, Walmart, IBM, Spotify, Lyft, Stripe, and AWS. These businesses are drawn to Mexico because of its strategic location, affordable costs, young, skilled population, and political and economic stability.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Mexico Snapshot</h3>				</div>
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									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						IT Market Value in 2022					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						$26.76 billion					</div>
				
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									<h4 class="elementor-cta__title elementor-cta__content-item elementor-content-item">
						Bloomberg Innovation Index					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						58/60					</div>
				
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						ICT Talent Pool					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						700,000+					</div>
				
							</div>
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						Annual ICT Graduates					</h4>
				
									<div class="elementor-cta__description elementor-cta__content-item elementor-content-item">
						130,000					</div>
				
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									<p style="font-weight: 400;">In conclusion, IT outsourcing has become an increasingly popular option for companies looking to expand their in-house expertise, reduce costs, and quickly achieve their goals. With the global IT services outsourcing market projected to grow significantly in the coming years, it is essential for businesses to understand the different delivery models, factors to consider when choosing a provider, and available tools and technologies to ensure successful outsourcing. By carefully evaluating their unique requirements and selecting the right outsourcing model and provider, businesses can access a pool of qualified talent, co-create innovative solutions, and focus more on their core business goals. However, outsourcing also demands meticulous planning, effective communication, and quality control to achieve successful outcomes. With the information and tools provided in this guide, businesses can make informed decisions and achieve successful outcomes with their outsourcing initiatives.</p><p>The global market for software development outsourcing is expected to continue to expand in 2023, with several countries emerging as popular destinations. Romania, Bulgaria, Ukraine. Türkiye, and Mexico offer a combination of skilled labor, affordable prices, welcoming business environments, and a thriving startup ecosystem, making them attractive options for companies seeking to take advantage of outsourcing&#8217;s cost-saving and capacity-building advantages. Each of these countries has a pool of highly qualified and diversified talent, with fluency in foreign languages, offering excellent communication and collaboration with clients from all over the world. With their focus on innovation, technology, and strong work ethics, these countries are poised to continue growing and prospering as leading outsourcing destinations in the coming years.</p>								</div>
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			<a href="https://www.rinf.tech/benefits-of-relocating-to-romania-for-latin-american-software-engineers/" >
				Benefits of Relocating to Romania for Latin American Software Engineers			</a>
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			<p>Rinf.tech launches Relocation Program for Latin American software engineers looking for a career change and international experience. Find out the details in this blog post.</p>
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					<span class="elementor-post-date">
			March 17, 2023		</span>
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				rinf.tech Joins Transilvania IT Cluster			</a>
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			<p>rinf.tech becomes a member of Transilvania IT Cluster in Cluj.</p>
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			October 27, 2022		</span>
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				<a class="elementor-post__thumbnail__link" href="https://www.rinf.tech/rinf-tech-featured-as-romanias-best-custom-software-and-rd-solutions-provider-2022/" tabindex="-1" ><div class="elementor-post__thumbnail"><img loading="lazy" decoding="async" width="800" height="466" src="https://www.rinf.tech/wp-content/uploads/2022/09/MicrosoftTeams-image-73-1024x597.png" class="attachment-large size-large wp-image-20462" alt="best R&amp;D providers in Romania 2022" srcset="https://www.rinf.tech/wp-content/uploads/2022/09/MicrosoftTeams-image-73-1024x597.png 1024w, https://www.rinf.tech/wp-content/uploads/2022/09/MicrosoftTeams-image-73-300x175.png 300w, https://www.rinf.tech/wp-content/uploads/2022/09/MicrosoftTeams-image-73-768x448.png 768w, https://www.rinf.tech/wp-content/uploads/2022/09/MicrosoftTeams-image-73.png 1200w" sizes="(max-width: 800px) 100vw, 800px" /></div></a>
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			<a href="https://www.rinf.tech/rinf-tech-featured-as-romanias-best-custom-software-and-rd-solutions-provider-2022/" >
				rinf.tech Recognized As Romania&#8217;s Best Custom Software and R&#038;D Solutions Provider 2022			</a>
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			<p>We&#8217;re excited to have been recognized as the Best Custom Software Development and R&#038;D Solutions Provider in Romania by the Acquisition International Magazine.</p>
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			October 4, 2022		</span>
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		<p>The post <a href="https://www.rinf.tech/a-complete-guide-to-it-outsourcing-in-2023/">A Complete Guide to IT Outsourcing in 2023</a> appeared first on <a href="https://www.rinf.tech">rinf.tech</a>.</p>
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		<title>5 Steps to Evaluate Technology Providers in 2023</title>
		<link>https://www.rinf.tech/5-steps-to-evaluate-technology-providers-in-2023/</link>
		
		<dc:creator><![CDATA[rinf.tech]]></dc:creator>
		<pubDate>Thu, 05 Jan 2023 11:17:09 +0000</pubDate>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[outsourcing]]></category>
		<guid isPermaLink="false">https://www.rinf.tech/?p=21328</guid>

					<description><![CDATA[<p>This article shares the five steps you should take to ensure an extensive and unbiased evaluation process when choosing a technology provider in 2023.</p>
<p>The post <a href="https://www.rinf.tech/5-steps-to-evaluate-technology-providers-in-2023/">5 Steps to Evaluate Technology Providers in 2023</a> appeared first on <a href="https://www.rinf.tech">rinf.tech</a>.</p>
]]></description>
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					<h1 class="elementor-heading-title elementor-size-default">5 Steps to Evaluate Technology Providers in 2023</h1>				</div>
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					<h4 class="elementor-heading-title elementor-size-default">According to BPI Network, 44% of businesses “seek alliances for new ideas, insights and innovation.” A recent report in the Harvard Business Review (HBR) indicates that 94% of tech executives view innovation partnerships as necessary to their strategy.</h4>				</div>
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									<p style="font-weight: 400;">In today&#8217;s world, companies are under tremendous pressure to deliver world-class digital experiences for multiple internal and external stakeholders. As such, more and more business leaders start understanding the impact that digital transformation can have on their company growth, stability, and sustainability.</p><p style="font-weight: 400;">In their search for innovation, they turn to long-term technology partnerships that “are often able to offset research and development expenses, accelerate commercialization timelines for new products or services and add much-needed expertise and flexibility to an organization’s day-to-day operations,” as per HBR.</p><p style="font-weight: 400;">Whether you&#8217;re a CEO, CTO, Product Owner or Project Manager, being responsible for evaluating and hiring a technology provider involves a considerable commitment, and it is not a decision quickly taken. This decision alone can make or break your innovative project.</p><p style="font-weight: 400;">In this article, we will share the five steps you should take to ensure an extensive and unbiased evaluation process when choosing a technology provider in 2023.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Ways to evaluate tech providers </h2>				</div>
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									<h3>1.   Create an expert “buyer team” to oversee the selection process</h3><p style="font-weight: 400;">Assembling a proper buyer team is the first step in the process of choosing the potential <a href="https://www.rinf.tech/how-tech-partnerships-help-smbs-stay-ahead-of-the-innovation-curve/">tech partner</a>.</p><p style="font-weight: 400;">A healthy buyer team has a strong understanding of technical and interoperability requirements, security, risk assessments, and budget allocations. A critical perspective is most needed in these processes, and buyer teams that do not have a potent mix of views are most likely headed for purchase regret.  </p><p style="font-weight: 400;">It’s highly recommended that your buyer team contains the following roles and skills: CTO/CIO, Project Manager/Lead, Solution Architect, Product Owner, HR, procurement, legal, and finance.</p><h3>2. Set up the evaluation criteria</h3><p style="font-weight: 400;">Before you even begin your search for vendors, your team needs to sit together and outline what <a href="https://www.rinf.tech/5-tips-for-choosing-the-right-software-development-outsourcing-partner%ef%bf%bc/">matters most</a> for your organization and the desired outcome from this collaboration. Is it a one-time project that needs to be developed? Or maybe you&#8217;re looking for an ongoing technology partner to support multiple digital transformation projects within your organization. Taking a good, hard look at your company&#8217;s technological needs is one of the crucial steps that need to be taken.</p><p style="font-weight: 400;">After that, it&#8217;s a matter of establishing different criteria that will help you evaluate any tech supplier you come across in this journey.</p><p style="font-weight: 400;">There are usually five categories to evaluate your tech vendor in the early stages of the process.</p><h4>a) Technical match </h4><p style="font-weight: 400;"><em>What&#8217;s the technology setup? How will the project be managed? How will project delivery and integration be handled? How will your partner meet your technical requirements specification or project roadmap? What’s their talent acquisition strategy? What’s the expected time to staff your Extended or Managed Team?</em></p><p style="font-weight: 400;">These are just a few questions to ask yourself about a potential vendor. You certainly do not want to skip on these and discover that the technical process will be slowed down by disarranging. </p><h4>b) Functionality</h4><p style="font-weight: 400;"><em>What technology or skills gap are you trying to fill in with your future vendor’s help?</em> This is a functional question. You need to define properly from the beginning what it is that you need from your technology provider and re-affirm it during introduction or discovery calls with potential partners.</p><h4>c) Support</h4><p style="font-weight: 400;"><em>Do they offer staff training and ongoing support? Do they provide development services throughout the entire product/solution life cycle? How will they ensure smooth and seamless project transition and knowledge-sharing? How will change requests be processed?</em></p><h4>d) Vendor stability</h4><p style="font-weight: 400;"><em>Is it an established and profitable company? What are their success stories/client cases? Do they have a culture that aligns well with your tech needs and your company&#8217;s values?</em></p><p style="font-weight: 400;">It&#8217;s nothing worse than joining forces with a technology provider that has a toxic work culture and vision entirely different from yours. It&#8217;s for sure a recipe for disaster.</p><h4>e) Pricing</h4><p style="font-weight: 400;"><em>What’s their pricing model and how does it match our expectations? What contract and licensing terms do they impose?</em> No need to remind you that pricing is essential and needs to be aligned with your budget in the long run.</p><p style="font-weight: 400;">That was just a general overview of things you should consider in evaluating every potential tech provider you employ to help you with your custom software development projects. Feel free to add specific needs and objectives to each of these categories that are more closely related to your organization.</p>								</div>
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									<h3>3. The evaluation process</h3><p style="font-weight: 400;">Once you have set your evaluation criteria, you need to assign weight to each category you&#8217;ve created. <em>How important is a particular measure for your organization?</em> Rate them all from high (<strong>is this essential?</strong>) to medium (<strong>is this rather desirable than crucial?</strong>) and low (<strong>is this optional?</strong>), and you will have a more straightforward overview of your priorities before entering any business discussions with potential technology providers.</p><p style="font-weight: 400;">After you&#8217;ve established your priorities, the team is ready to start reaching out to different companies whose services and solutions may fit the criteria and requirements needed for your tech projects. When doing so, it is vital that they schedule discovery calls and request every supporting documentation they might have. Good communication is key at every step. You need to reference your detailed requirements throughout the entire tech provider evaluation process and ask the right questions to ensure that the buyer team understands clearly how a particular vendor will perform against your needs.</p><h3>4. Leverage the power of reviews and testimonials</h3><p style="font-weight: 400;">Reviews and recommendations are crucial in this process. Conducting independent and thorough research to validate each provider is essential. At the end of the review process, you should be able to answer these questions effortlessly:</p><ul><li>What’s their typical customer portrait?</li><li>What types of solutions do they develop for other clients?</li><li>How do they handle communication and project management?</li><li>How do they meet deadlines?</li><li>What’re their strengths and weaknesses?</li><li>Can they be considered as a real technology partner, offering full support throughout software development lifecycle or are they only good for short-term projects?</li></ul><p> </p><p style="font-weight: 400;">These are some fundamental aspects that your buyer team needs to have in mind when reviewing tech providers. Not all of them will make it to the shortlist, but it is imperative that the ones that do are the best possible match for your organization.</p><h3>5. Shortlist vendors and choose the winner</h3><p style="font-weight: 400;">In the final step of deciding on a technology partner, you may want to add or delete some requirements or add new vendors to the list. It&#8217;s absolutely okay at this point. It would be best to keep in mind that you want to eventually get to a phase where you have 1-2 strong providers that you will continue to test and match against your selection criteria before making the final decision. Once you have the winner, negotiate terms and be ready to embark on a journey that will take your company to the next level.</p>								</div>
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									<p style="font-weight: 400;">In 2023, an organized and systematic approach to evaluating technology providers will save you much time and energy and get you the best outcome possible. It is a rational decision that will impact your organization&#8217;s future. Make sure you&#8217;ve covered all your bases and that the technology partner that you end up choosing is the one that will help you take the next step in your company&#8217;s digital transformation journey.</p>								</div>
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				<article class="elementor-post elementor-grid-item post-23325 post type-post status-publish format-standard has-post-thumbnail hentry category-insights tag-outsourcing" role="listitem">
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			<p>This article discusses benefits of IT outsourcing for fintech organizations, with focus on cost-savings, innovation, and cybersecurity.</p>
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			<p>This article explores how retail companies can benefit from IT outsourcing in 2023, as they seek to integrate and implement retail innovation.</p>
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			April 28, 2023		</span>
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		<p>The post <a href="https://www.rinf.tech/5-steps-to-evaluate-technology-providers-in-2023/">5 Steps to Evaluate Technology Providers in 2023</a> appeared first on <a href="https://www.rinf.tech">rinf.tech</a>.</p>
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		<title>Building Scalable Software Products: Why, When and How</title>
		<link>https://www.rinf.tech/building-scalable-software-products-why-when-how/</link>
		
		<dc:creator><![CDATA[rinf.tech]]></dc:creator>
		<pubDate>Mon, 04 Jul 2022 13:21:11 +0000</pubDate>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[outsourcing]]></category>
		<category><![CDATA[software services]]></category>
		<guid isPermaLink="false">https://www.rinf.tech/?p=18753</guid>

					<description><![CDATA[<p>This article explores how product managers, especially non-tech ones, can help support and encourage software scalability within development teams.</p>
<p>The post <a href="https://www.rinf.tech/building-scalable-software-products-why-when-how/">Building Scalable Software Products: Why, When and How</a> appeared first on <a href="https://www.rinf.tech">rinf.tech</a>.</p>
]]></description>
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					<h4 class="elementor-heading-title elementor-size-default">As a business grows, it inevitably experiences inefficiencies and the need for automation, analytics, and other technology tools to compete in the marketplace. </h4>				</div>
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									<p>There are many potential problems with scaling business software products. Over the past few years, we at rinf.tech have seen some common problems, causing unexpected and sometimes serious damage, although seeming pretty obvious and preventable in hindsight. </p><p>This article explores why and when to consider scaling your digital product and how product managers can help support and encourage software scalability within development teams.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">What is software scalability?</h2>				</div>
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									<p>In the early stages of software development, developers usually do not prioritize product scalability. First and foremost, they focus on the software&#8217;s ability to solve problems quickly. However, after validation and user testing, it is time for developers to shift their efforts to scale the software solution. This process is essential to secure its place in the market and further growth. The question is – How to do it effectively? The answer is – scaling.</p><p>Let&#8217;s start with a simple definition to ensure we&#8217;re on the same page.</p><p>Scalability is your ability to effectively increase or decrease resources to meet the current and/or future demands.</p><p>In software development, scalability is the product&#8217;s quality <span class="Y2IQFc" lang="en">that provides the flexibility to manage the growing demands and requirements of any number of users. Simply put, it is the software&#8217;s ability to respond to changing needs whenever they arise, regardless of their size and scale.</span></p><p>Scalability is about doing more with less. Having the right tools and processes in place, you don&#8217;t need to worry about growth, virality, or load fluctuations ruining your product (or your company!)</p><p>Scalability is important in everything from your business to your tech stack and software development team. Here are some examples.</p><p>As a business, you can think of scalability as the ability to serve more users. If you sell hamburgers and French fries, can you produce enough of them if your customer base grows 5x overnight? How about 10x or 100x?</p><p>Will your app/tool/solution be able to handle the spike in traffic without crashing or slowing down? What happens if the number of concurrent requests to your database jumps from 1,000 to 10,000 in a matter of seconds?</p><p>This may seem like a severe risk. Building scalability means you&#8217;ve done something right, and more people want your offering or value proposition (be it hamburgers or online services).</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Scalability: performance and processes
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									<p>Scalability is frequently seen as a technical issue. However, having the right processes within your team is just as important as having the right technology stack to manage growth.</p><p>That&#8217;s why it makes sense to break scalability down into <b>performance</b> and <b>processes</b>. Let&#8217;s dive into both.</p><h3>Performance</h3><p>What does your engineering team think about scalability?</p><p>As a software company, your tech team may think about growth differently than you do as an owner or manager.</p><p>If usage spikes, will your technology solution give up and freeze under load? If a viral piece of news brings you 30x the expected traffic, can you effectively handle it? Or will you be burning money just to keep your site running?</p><p>Growth does not mean the excitement of new users and revenue increase. It means technical uncertainty.</p><p>When dozens or hundreds of factors affect the speed and efficiency of your software, any one of them can confuse you. How you handle all these scenarios determines the scalability of your software.</p><p>There are many discussions about what tech tools, systems, and infrastructures are best for scalability. As a project/product manager or non-technical lead, you don&#8217;t need to know the specifics of each. However, you must understand how your tech team deals with scalability issues.</p><h4>Horizontal and vertical scaling</h4><p>Software scalability means increasing your infrastructure&#8217;s computing power. There&#8217;re two ways of scaling a tech solution: vertical and horizontal scaling.</p><p><strong>Vertical scaling</strong> (a.k.a. scale-up) is when you add more computing power (RAM, CPU) to your existing machines.</p><p>The main difference between the two is that the first requires breaking your code into smaller pieces that can be run simultaneously on multiple machines. While this can add redundancy and flexibility to your system, it also adds complexity.</p><p>On the other hand, vertical scaling keeps your code together but runs it through a higher spec server. It&#8217;s easier and cheaper, but it limits you by the power of one machine. If something goes wrong or you need to upgrade, you might be in big trouble.</p><p><span data-preserver-spaces="true">There are several factors to consider before scaling up:</span></p><ul><li><span data-preserver-spaces="true">Hardware usually has limitations that cannot be changed.</span></li><li><span data-preserver-spaces="true">Adding more powerful hardware requires a huge upfront cost.</span></li><li><span data-preserver-spaces="true">Connecting the system to a new server takes time and may require shutting down the system.</span></li><li><span data-preserver-spaces="true">Higher risk of a single point of failure (SPOF): if the technique fails, nothing will work.</span></li><li><span data-preserver-spaces="true">If the volume is calculated incorrectly, the money spent on such scaling will be wasted.</span></li></ul><p> </p><p>Vertical scaling can be useful if you know the amount of tasks the system needs to perform. Unfortunately, this is not always the case in a rapidly changing market. Therefore, there is another approach.</p><p><strong>Horizontal scaling</strong> (a.k.a. scale out) is when you add more machines (or servers) to your resource pool.</p><p><span data-preserver-spaces="true">Here&#8217;s what you need to know about scaling out:</span></p><ul><li><span data-preserver-spaces="true">Product scale-out is more flexible as it allows you to scale up and down using technologies such as Kubernetes, OpenShift, Docker, etc.</span></li><li><span data-preserver-spaces="true">With more machines, you can set up backups and prevent SPOF (in the event of a failure of one server, the workload will be distributed among others, and the system will remain available to users).</span></li><li><span data-preserver-spaces="true">Scale-out requires a robust and well-managed computing infrastructure with load balancers, sharding plugins, etc.</span></li><li><span data-preserver-spaces="true">The cost of a load balancer will increase in proportion to the request load and the data being processed.</span></li><li><span data-preserver-spaces="true">It is easier to introduce new features to systems because it is possible to change a piece of software while keeping others operational with minimal downtime, bottlenecks, and delays.</span></li></ul><p> </p><p><span data-preserver-spaces="true">Whatever approach you choose to build a scalable software product, you need to align it with your long-term scaling strategy and take into account market conditions and user expectations in advance.</span></p><h3>Processes</h3><p>Your software development team is the best resource for addressing the performance-related aspect of scalability. So, if you are not actively involved in this process, how can you help?</p><p>The solution to the scalability problem is to eliminate the uncertainty. But instead of doing it with tools or stack updates, you can focus on the human element of scalability: processes.</p><p><span style="font-style: italic; color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ); font-size: var( --e-global-typography-text-font-size );">As you build a larger and more complex system, w</span><i>hat does your team need to know?</i></p><p><i>How are they preparing to handle more data?</i></p><p><i>Where can they learn about system architecture and how to flag problems?</i></p><p><i>Do you have scripts for errors or increased load?</i></p><p><i>What can you automate to give your team more time to resolve critical issues?</i></p><p>With <a href="https://www.rinf.tech" target="_blank" rel="noopener">rinf.tech</a>, you can create your own knowledge bases and wikis to document all of your team&#8217;s processes. Think of it as an &#8220;idea gathering hub&#8221; – a centralized, customizable place to store information.</p><p>You can use such a wiki as a guide if you run into scalability issues. This means that whenever there are typical problems — whether it&#8217;s a spike in traffic or API calls — your team knows where to find a process to address them.</p><p>Scalability issues are often related to people hiring, process scheduling, resource management, and disguised process issues.</p><p>Here are eight ways to solve these problems and make scalability part of your team&#8217;s DNA.</p>								</div>
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					<h4 class="elementor-heading-title elementor-size-default">Do you need help with your software scalability project?</h4>				</div>
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					<h2 class="elementor-heading-title elementor-size-default">Benefits of software product scaling</h2>				</div>
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									<p>The benefits of product scaling are numerous, from reducing maintenance costs to ensuring that software can keep up with growing user needs. But that&#8217;s only part of the story.</p><p>Here are some more facts about the importance of scalability to product and business success.</p><p>Scalability is essential to market expansion. To attract more users in the long run, you need to make it better than the competition and anticipate user pains and needs. As these issues and requirements evolve, you will need to tune your product accordingly, introduce new features, and optimize performance. </p><p>Product scaling benefits include, but aren&#8217;t limited to:</p><ul><li><strong>Cost saving</strong></li></ul><p> </p><p>No business owner wants to pay for idle resources. Scaling allows you to create an easily manageable architecture that can turn resources on and off on demand.</p><ul><li><strong>Improved user experience</strong></li></ul><p> </p><p>Software product scalability ensures the best user experience. Aligning product performance and functionality with user needs is a zero step to quickly attract customers. Continuous software improvement does even more: creates a positive user experience, sets the bar high for competitors, and instills confidence in customers.</p><ul><li><strong>Scalability provides the ability to customize the product with virtually no performance interruption</strong></li></ul><p> </p><p>This is a working strategy to manage bottlenecks and avoid cascading failures. The road to software hell is littered with bottlenecks that cause downtime, delays, and even system crashes. For example, overloading a database with requests for which it was not designed slows down or even disables other processes that depend on the database.</p><ul><li><strong>With a scalable product, you can quickly manage system capacity to ensure that workloads are evenly distributed and dependent processes function properly.</strong></li></ul><p> </p><p>Result? Fewer bottlenecks.</p><p>So, is there a point when you need to focus on a scaling strategy? Yes, and it also has something to do with your business perspective.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Things to consider when designing a scalable product</h2>				</div>
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									<p>There are four main aspects to consider when designing a scalable system.</p><h3>Performance scalability</h3><p>More users require higher system performance, so increasing the capacity will make the software more powerful.</p><p>On the one hand, it will introduce new features. On the other hand, this may entail additional resources on the part of users (system performance, memory/battery usage, etc.). Balancing these issues should be part of your scalability plan.</p><h3>Availability scalability</h3><p>The high performance of one function is often achieved at the expense of another. You need to prioritize between consistency, availability, and partition resilience. For example, would you like your users to see some updates right away, or the full set over time?</p><h3>Service scalability</h3><p>Scaling means using more resources and technologies that will require more maintenance. When scaling your software, you must prepare a new maintenance plan and budget so that you can address more potential issues.</p><h3>Cost scalability</h3><p>Scaling your digital product can involve building from scratch or using off-the-shelf solutions that are easy to set up and maintain. In the first case, you will have more customization freedom at a higher cost, while in the second case, you will save money and time on several standardized solutions.</p><p> </p>								</div>
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						Are you looking to scale your Software Development Team successfully?					</h3>
				
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					<h2 class="elementor-heading-title elementor-size-default">When to consider digital product scaling</h2>				</div>
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									<h3>You expect more users</h3><p>When you plan any marketing campaign, you expect an influx of customers, and you need your software to keep the new volume of visitors. For a scalable system, it will not be a problem to increase capacity depending on the new workload, while a non-scalable system will lead to a decrease in performance.</p><h3>You want to add resource intensive features</h3><p>Resources work within their limits. If you add features that require more CPU, for example, the performance of dependents will be affected. This can cause delays, buffering, and various response failures.</p><h3>You need to improve the user experience</h3><p>And this is usually done by introducing new features and optimizing memory and data usage so that customers can enjoy fast performance. Their fast and successful integration is possible due to the flexible architecture of the system.</p><p>There are bottlenecks in the system. They indicate that the workload is unevenly distributed, or that some centers require more resources to process requests. In this case, scaling is needed to balance workload distribution and track downstream processes to avoid further bottlenecks.</p><h3>Your digital services are getting slow</h3><p>There can be many reasons for poor performance: memory problems, an unresponsive database, poorly tuned or integrated technologies, a large load that the system can handle, and so on. Scaling your product will help spread the load evenly and point out architectural weaknesses that need to be addressed.</p><h3>You want to optimize the data tier and manage the load on the database</h3><p>Since the data layer is at the heart of any operation, its propagation can speed up processes or cause temporary system unavailability. Scaling includes distributing and partitioning data, which makes it easier to organize and optimize data usage and storage.</p><p>When you see that it&#8217;s time to scale, you need to understand what can be scaled and how to prepare the software architecture for this process. This will be useful for evaluating the priorities and results of scaling.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">How Product Managers can help support and encourage scalability 
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												<a class="elementor-toggle-title" tabindex="0">1. Know when it's the right time to consider scaling your solution</a>
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					<div id="elementor-tab-content-1611" class="elementor-tab-content elementor-clearfix" data-tab="1" role="region" aria-labelledby="elementor-tab-title-1611"><p>Scalability isn&#8217;t always an issue that teams need to take care of. At least right away.</p><p>If you haven&#8217;t found a product/market fit yet, it&#8217;s probably more important to experiment with different features or offerings before planning how your app will go viral.</p><p>When you have a small pool of users, you can sometimes get away with doing things you plan to automate later. This allows you to run faster, and when you finally automate your processes outside of the loop, you will know exactly what to build because you will have the muscle memory to do it yourself.</p><p>While manual actions can help experiment with a prototype or MVP, they&#8217;re downright dangerous when you&#8217;re working with a mature product.</p><p>As a product manager, you should be looking for red flags that it&#8217;s time to think about scaling your software solution. Ask questions such as:</p><p><i>Have you accumulated too much technical debt?</i></p><p><i>Is complex code blocking simple updates?</i></p><p><i>Are you experiencing downtime or lag even with current usage?</i></p><p>Set up systems to track and flag scalability issues so you don&#8217;t add extra resources too soon or too late.</p></div>
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												<a class="elementor-toggle-title" tabindex="0">2. Consider things that don't scale first and how they will develop later</a>
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					<div id="elementor-tab-content-1612" class="elementor-tab-content elementor-clearfix" data-tab="2" role="region" aria-labelledby="elementor-tab-title-1612"><p>It can be difficult to purposefully build features that you know will break under pressure. However, keeping your team from building cool features because they don&#8217;t scale immediately is a bad idea.</p><p>Sometimes the &#8220;things that don&#8217;t scale&#8221; are manual processes. In other cases, they create technical debt—the &#8220;cost&#8221; of choosing a simple or limited option when a better choice would take longer and cost more.</p><p>Technical debt is a &#8220;necessary evil&#8221; when testing ideas or features and should not be avoided. However, just like taking out a large bank loan, you need to know how you are going to repay it.</p><p>Make sure you have systems to monitor scalability, keep track of tech debt or &#8220;things that don&#8217;t scale&#8221; in your PM tool, and review these as you plan your sprint. You don&#8217;t want to start building on a cracked foundation.</p></div>
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												<a class="elementor-toggle-title" tabindex="0">3. Balance "build" sprints with "scaling" sprints</a>
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					<div id="elementor-tab-content-1613" class="elementor-tab-content elementor-clearfix" data-tab="3" role="region" aria-labelledby="elementor-tab-title-1613"><p>Knowing that you need to start addressing scalability issues is only half the battle. The rest contributes to your current backlog, roadmap, or code reviews, which is not always easy.</p><p>Scalability is not sexy. No one will praise you for doing it well, but you&#8217;ll face backlashes if you fail. </p><p>However, the scale exaggerates the problems. What seems like a minor annoyance when serving dozens of customers can ruin your entire product when you move on to hundreds or thousands.</p><p>That&#8217;s why it&#8217;s a good idea to consider scalability from the start. This does not mean postponing your product launch to &#8220;improve&#8221; your infrastructure. But instead, every sprint should include the question: <i>does it scale?</i></p><p>If this is not the case and you do not have an easy solution, document what you are doing and why.</p><p>Later, when you schedule the &#8220;scalability&#8221; sprint, you will have a list of issues to work on.</p></div>
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												<a class="elementor-toggle-title" tabindex="0">4. Focus on scalable processes and leave performance concerns to your team</a>
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					<div id="elementor-tab-content-1614" class="elementor-tab-content elementor-clearfix" data-tab="4" role="region" aria-labelledby="elementor-tab-title-1614"><p>Articulate the goals of a solution&#8217;s scalability project to your team, brainstorm, ask for feedback and celebrate success.</p><p>As a product manager, you should step in and discuss with your team ways to optimize performance and achieve high-availability. Focus on processes required for scaling while keeping an eye on your team effort and providing guidance. Always have a strong Team/Tech Lead to support you.</p><p>Here&#8217;re some of your focus areas during a software scaling project:</p><ul><li>Sprint planning and retrospectives: as your product becomes more complex, so does your team. How will you keep your sprint planning process efficient?</li><li>Feature prioritization: How will you balance prioritizing new features and resolving your tech debt?</li><li>Recruitment and resource management. Scalability applies to both your team and your product. Do you have a clear process for recruiting or acquiring additional talents as needed?</li><li>Setting OKRs and other team goals. Complex systems can hide your strategy and product vision. Do you have a process for better goal setting that keeps everyone focused on doing the right thing?</li><li>Inter-team collaboration and communication. As your product scales, you will have more teams, managers, and collaboration opportunities. Do you have a communication plan for cooperation and communication between all stakeholders? How about a log to handle external requests?</li></ul></div>
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												<a class="elementor-toggle-title" tabindex="0">5. Give your team autonomy to learn and prioritize on their own</a>
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					<div id="elementor-tab-content-1615" class="elementor-tab-content elementor-clearfix" data-tab="5" role="region" aria-labelledby="elementor-tab-title-1615"><p>As your product scales, you will inevitably attract a more diverse group of users. Understanding their needs is how you will keep up the momentum. But if your software team still needs to provide detailed requirements, they will be overwhelmed with work.</p><p>User interviews are a powerful tool for understanding how people use and interact with your product. They should be done by as many experienced people on your team as possible.</p><p>User interviews are the formal process of interacting with your users to understand their problems, habits, skills, and desires. User interviews are more than just casual conversation; they are targeted, recorded for research and future use, and provide helpful information to IT teams.</p><p>Give your team autonomy to conduct research and better understand the user. Or at least give them access to recorded user interviews to help prioritize future sprints.</p></div>
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												<a class="elementor-toggle-title" tabindex="0">6. Make an outline of the standard business processes for your team</a>
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					<div id="elementor-tab-content-1616" class="elementor-tab-content elementor-clearfix" data-tab="6" role="region" aria-labelledby="elementor-tab-title-1616"><p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">Don&#8217;t assume that your development team will know how to integrate your software systems in a way that&#8217;s perfect for your business operations without spending reasonable time understanding your technology needs. Map the standard business processes in the systems to be integrated and define exactly what the systems need to do for each of the processes &#8211; what data is sent / received and when, where data should be entered by users and where it should be pulled automatically, etc.</span></p><p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">Your tech consultants or you may have to spend an extra day or two ahead of time to come up with a simple plan, but your team will likely spend even more testing and resolving the same issues later. Do this ahead of time to control the time spent investigating, save on rework costs for your developers, and get a clearer picture of the total amount of money you will need to spend on work before processing your payroll. </span></p></div>
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												<a class="elementor-toggle-title" tabindex="0">7. Understand trade-offs when building a scalable system</a>
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					<div id="elementor-tab-content-1617" class="elementor-tab-content elementor-clearfix" data-tab="7" role="region" aria-labelledby="elementor-tab-title-1617"><p>There is always a trade-off when it comes to scalability. If you&#8217;re a SaaS company sacrificing development speed to mitigate the risks of a potential burst of mainstream usage, you&#8217;re probably making a poor choice.</p><p>However, if you&#8217;re building a video game where uptime is more important than new features, this might be a compromise you&#8217;re willing to make.</p><p>Choose a path and stick to it.</p><p>Look for ways to automate your customer journey to make room for &#8220;critical&#8221; tasks.</p><p>Scalability is (usually) in the &#8220;important but not &#8220;urgent&#8221; section of your priority matrix. Unfortunately, there are often many &#8220;more urgent&#8221; tasks along the way. To give your team the space they need to focus on scalability, seek ways to automate the &#8220;urgent&#8221; parts of your product or customer journey.</p><p>Some common examples would be creating an account, messaging with a user, registering, reporting an error, or any other thing where users might need &#8220;urgent&#8221; technical assistance.</p></div>
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												<a class="elementor-toggle-title" tabindex="0">8. Keep information about architecture, processes, and scaling public and up to date</a>
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					<div id="elementor-tab-content-1618" class="elementor-tab-content elementor-clearfix" data-tab="8" role="region" aria-labelledby="elementor-tab-title-1618"><p>The knowledge base of your scalability processes is only good if it is up-to-date and readily available. The same applies to any other knowledge management effort.</p><p>Here are some tips to help your team get started with the documentation process:</p><ul><li>Create a Culture of Knowledge Sharing</li></ul><p>Create a sense of psychological security when no one is afraid to ask questions or offer ideas. Sometimes it&#8217;s as simple as changing the language allowed in meetings to make it more inclusive or giving everyone the time and opportunity to contribute.</p><ul><li>Use the right tools</li></ul><p>Use a simple knowledge management system (like wikis) that makes it easy for everyone to contribute and find the information they need.</p></div>
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					<h2 class="elementor-heading-title elementor-size-default">Product scaling tips and best practices</h2>				</div>
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									<p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">While the final choice of scaling approach will greatly depend on the specific product types, existing architecture, and business goals, general advice should be kept in mind. </span></p><h3 id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">Avoid a SPOF</span></h3><p class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">A single point of failure (SPOF) is the first thing to avoid when scaling, as the failure of one such component brings the entire system to a standstill. It is important to address such weaknesses to ensure the consistency and continuity of service delivery. </span></p><p class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">To achieve the latter, you must break down the architecture into smaller, manageable, and more independent parts. Fortunately, this approach is at the heart of software scaling.</span></p><h3>Use the Right Architecture Pattern</h3><p>Your product architecture pattern will dictate many scaling decisions. Here is a list of popular patterns based on operational logic.</p><p><strong>Multilayer (n-tier):</strong> data is transferred from the innermost layer (database) to the uppermost layer (data task).</p><p><strong>Event Driven:</strong> One agent distributes input to different modules to perform specific tasks.</p><p><strong>Microservices:</strong> A set of services that run independently on different servers.</p><p><strong>Microkernel:</strong> A pattern that is best suited for repetitive operations that are stored in the microkernel and executed repeatedly.</p><p><strong>Space-based:</strong> A pattern in which the processing logic focuses on accessing segments of databases stored on different servers.</p><h3>Define metrics to track scalability</h3><p>Because scalability has many facets, you need to decide how you&#8217;ll track and measure changes as a result of scaling. You can measure CPU and memory usage, network and disk input and output, latency, and more. Many application performance monitoring tools (APM tools such as Traceview, NewRelic, and others) will help you get this data.</p><h3>Choose the right type of cloud computing and API</h3><p><strong>Platform as a Service (PaaS).</strong> In this case, you get an evolving platform for creating software (including a framework and a runtime). This is useful in case you want to customize your product and plan to use the API.</p><p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en"><strong>Infrastructure as a service (IaaS).</strong> This computing infrastructure offers cloud servers, networks, operating systems, and storage. You can buy it on demand and as needed instead of spending money on hardware.</span></p><p><strong>Mobile Backend as a Service (MBaaS)</strong>. This is an option to manage the mobile backend and enable certain features without developing them. It is widely used to develop mobile applications based on website infrastructure.</p><h3>Use caching to improve scalability</h3><p>The caching technique works great when it comes to preventing bottlenecks during expensive or repetitive database queries or page rendering. Switching the processing logic from database lookups to cache lookups will first buy database capacity, as it will not participate in processing every data request. In addition, cache lookups take less time, and speed is what all users like about the software.</p><h3>Make the right choice of technologies</h3><p>If you want to create a scalable product, you must use technologies that support scalability approaches from scratch. This includes choosing popular libraries, suitable search algorithms, asynchronous codes that upstage non-critical tasks, and so on.</p><h3>Use Client Side sessions instead of Server Side sessions</h3><p>Offloading work to clients means sending fewer requests to servers. For example, instead of running sessions on the server side, you can use client cookies and a JSON Web Token (JWT) for authentication.</p>								</div>
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									<p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">Software product scaling ensures growth and success, creating conditions for entering new markets and reaching new audiences. But this is not an easy task. With so many features and factors in mind, you need a skilled and reliable team of seasoned engineers to ensure consistency and prevent bottlenecks downstream. <a href="https://www.rinf.tech/contact/" target="_blank" rel="noopener">rinf.tech</a> can help!</span></p><p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">Working across various industries has given us valuable insight into user needs, requirements and expectations. We will be happy to use this knowledge and experience to help scale your software solution. </span></p>								</div>
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		<p>The post <a href="https://www.rinf.tech/building-scalable-software-products-why-when-how/">Building Scalable Software Products: Why, When and How</a> appeared first on <a href="https://www.rinf.tech">rinf.tech</a>.</p>
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		<title>How Tech Leaders Can Work With Outsourcing Providers: Tips and Best Practices</title>
		<link>https://www.rinf.tech/how-tech-leaders-can-work-with-outsourcing-providers-tips-and-best-practices/</link>
		
		<dc:creator><![CDATA[rinf.tech]]></dc:creator>
		<pubDate>Fri, 10 Jun 2022 14:59:16 +0000</pubDate>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[outsourcing]]></category>
		<category><![CDATA[software services]]></category>
		<guid isPermaLink="false">https://www.rinf.tech/?p=18476</guid>

					<description><![CDATA[<p>The article provides a list of actions every tech decision-maker should follow to secure and improve their tech partnership with a software development outsourcing provider.</p>
<p>The post <a href="https://www.rinf.tech/how-tech-leaders-can-work-with-outsourcing-providers-tips-and-best-practices/">How Tech Leaders Can Work With Outsourcing Providers: Tips and Best Practices</a> appeared first on <a href="https://www.rinf.tech">rinf.tech</a>.</p>
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					<p id="breadcrumbs"><span><span><a href="https://www.rinf.tech/">Home</a></span> » <span class="breadcrumb_last" aria-current="page">outsourcing</span></span></p>				</div>
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					<h3 class="elementor-heading-title elementor-size-default"><a href="https://www.mordorintelligence.com/industry-reports/it-outsourcing-market">As per Mordor Intelligence, the IT outsourcing market was valued at USD 526.6 billion in 2021, and it is expected to reach USD 682.3 billion by 2027, registering a CAGR of 4.13% during 2022-2027..
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					<h4 class="elementor-heading-title elementor-size-default">With the prevalence and scale of outsourcing in every industry and company, it is now imperative for technical leaders to work with their suppliers not only to address immediate challenges, but also to prepare their business for the new medium and long term impacts.
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									<p><span style="font-weight: 400;">Based on our many years of firsthand experience with managing outsourcing relationships, we’ve put together a list of actions every tech decision-maker should follow to secure and improve their tech partnership with a software development outsourcing provider.</span></p><p><br style="font-weight: 400;" /><br style="font-weight: 400;" /></p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Resolve immediate issues</h2>				</div>
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									<p>Secure services on the critical infrastructure, systems, security, and processes you need to run your business. The current remote operating models put an unprecedented strain on the infrastructure of every outsourced service provider. Some of them, especially the smaller and more agile players, may have provided their employees with the right equipment to work on a large scale.</p><p>Today, many companies are facing a deterioration in the quality of services due to capacity overload, a lack of reliable infrastructure, and a shortage of skilled tech talents. This compromises their products&#8217; quality and their ability to hire and retain software engineers.</p><p>Add to this the possibility that critical knowledge about your company&#8217;s infrastructure, security, processes, and systems can be entrusted to a provider&#8217;s employee. Ensure your provider has a backup plan in case an employee gets sick or resigns. Otherwise, your organization&#8217;s technology ecosystem and business continuity could be in dire straits.</p><p>As such, you should consider a deeper integration with your outsourcing partner and your dedicated team.</p>								</div>
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									<h3>Actions to be taken</h3><p>Even though most providers have made it possible for their employees to work from home, tech leaders need to monitor employees&#8217; productivity and their ability to work in real-time.</p><p>Make sure your provider can scale up the following key enablers:</p><ul><li>operational protocols (roles and responsibilities, decision-making authority, problem management); <br />processes (communications, document flow);</li><li>technology (virtual private network [VPN], network bandwidth, collaboration tools, video conferencing, security); </li><li>people management (health tracking and support)</li></ul><p>Organize daily phone calls with your outsourcing providers until the new working model proves itself.</p><h4><span data-preserver-spaces="true">Plan for capacity rebalancing with your outsourcing partner</span></h4><p>Work with your supplier to understand current capacity and plan for the future impact of any performance degradation. For example, infrastructure-backed performance is expected to suffer a 40% to 50% drop due to the lack of remote infrastructure availability.</p><p>Develop and implement possible rebalancing plans between locations and/or providers. Encourage your supplier to provide early warning of affected resources and services.</p><h4>Ensure continuity of critical software development and infrastructure services outsourcing</h4><p>Create a detailed daily plan with your outsourcing vendors to monitor, resolve, and track events related to data centers, critical servers, and network support, taking into account both increased network usage and reduced productivity for both customers and vendor staff.</p><h4>Set up and validate the correct offshore security protocols</h4><p>It is essential to ensure that all provider employees protect and process all data, especially personal information (PII), correctly, even in remote locations.</p><p>Tech decision-makers must ensure that providers have secure remote work protocols and procedures in place to identify and escalate threats. Consider, for example, using multi-factor authentication to reduce the risk of accessing sensitive data and working with vendors to shorten patch cycles for <a href="https://cybernews.com/best-vpn/" target="_blank" rel="noopener">essential home-based systems such as VPNs</a> and endpoint security to minimize the risk of data being stored on endpoints with latency.</p><h4>Reduce non-critical and short-term resource usage to ease the burden</h4><p>While most outsourced providers operate at full capacity without a significant drop in service levels, they are likely to experience under-capacity due to a lack of resources. Make sure the available bandwidth is used wisely.</p><p>Re-evaluate all applications for true criticality and 24/7 support, reduce SLAs for non-priority tickets, etc.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Are you looking to outsource your software solution development to a specialist provider!</h3>				</div>
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					<h2 class="elementor-heading-title elementor-size-default">Build resilience to better prepare for the future crises</h2>				</div>
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									<p>Work proactively with your outsourcing provider to prepare for what&#8217;s next. Once critical needs are met, tech leaders must proactively respond with their vendors to the likely ongoing cimpacts of current crises.</p><p>This may include business continuity planning for potential capacity cuts, addressing challenges associated with remote work on critical innovation programs, and developing approaches to meet new needs as they arise.</p><h3>Actions to be taken</h3><h4><span data-preserver-spaces="true">Create real-time dashboards for all outsourced services</span></h4><p><span data-preserver-spaces="true">Work with your vendor to create &#8220;easy-to-access&#8221; real-time dashboards to track the right set of metrics—status, service levels, throughput across locations, areas of risk, and more.</span></p><p><span data-preserver-spaces="true">Evaluate resource backup options for experts in critical areas. Define critical domain expert roles with vendors, and create backup plans (documentation and knowledge migration) to back up assets. Assess whether your providers can use or allocate resources between locations or services in case of a shortage.</span></p><h4><span data-preserver-spaces="true">Develop disaster mitigation plans for different <a href="https://www.rinf.tech/how/success-stories/" target="_blank" rel="noopener">outsourcing use cases</a></span></h4><p><span data-preserver-spaces="true">What if the networks at the outsourcing destination go down quickly, for example, under high loads?</span></p><p><span data-preserver-spaces="true">Can the provider offload critical operations to local facilities and load balance across different services?</span></p><h4><span data-preserver-spaces="true">Reallocate resources to important projects</span></h4><p><span data-preserver-spaces="true"> Work with your vendors and business partners to identify and prioritize technology solutions crucial to the business and its customers, such as critical patient pathways in healthcare systems or inventory and supply chain analytics for retailers.</span></p><p><span data-preserver-spaces="true">Ask your providers to find out if there are generally accepted &#8220;industry&#8221; solutions that you can use. Consider reallocating resources from projects that are no longer a priority to those that are.</span></p><p><span data-preserver-spaces="true">Adopting remote work also allows tech leaders to accelerate the transition to new operating models. The ability to work with talents anywhere can enable teams to </span></p><ul><li><span data-preserver-spaces="true">work successfully without face-to-face communication, institutionalize agile application development methodologies for distributed or remote work at scale, </span></li><li><span style="color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family );">create support models with the flexibility to scale up and down quickly across locations.</span></li><li><span data-preserver-spaces="true">potentially increase outsourcing of non-strategic and support services.</span></li></ul><p> </p><p>In some cases, it also makes sense to work with outsourcing providers that can accelerate important digital transformation and innovation programs, such as the transition to digital channels or the development of new business models.</p>								</div>
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									<p>Whatever the path, tech decision-makers will need to work closely with their outsourcing partners to transform technology service delivery to overcome this crisis and grow the business.</p>								</div>
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			<p>This article explores how retail companies can benefit from IT outsourcing in 2023, as they seek to integrate and implement retail innovation.</p>
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		<p>The post <a href="https://www.rinf.tech/how-tech-leaders-can-work-with-outsourcing-providers-tips-and-best-practices/">How Tech Leaders Can Work With Outsourcing Providers: Tips and Best Practices</a> appeared first on <a href="https://www.rinf.tech">rinf.tech</a>.</p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Things to Consider When Choosing a Software Development Outsourcing Partner￼</title>
		<link>https://www.rinf.tech/5-tips-for-choosing-the-right-software-development-outsourcing-partner%ef%bf%bc/</link>
		
		<dc:creator><![CDATA[rinf.tech]]></dc:creator>
		<pubDate>Fri, 06 May 2022 13:47:17 +0000</pubDate>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[outsourcing]]></category>
		<category><![CDATA[software services]]></category>
		<guid isPermaLink="false">https://www.rinf.tech/?p=18240</guid>

					<description><![CDATA[<p>This article shares six tips for choosing a reliable technology partner for custom software development outsourcing.</p>
<p>The post <a href="https://www.rinf.tech/5-tips-for-choosing-the-right-software-development-outsourcing-partner%ef%bf%bc/">Things to Consider When Choosing a Software Development Outsourcing Partner￼</a> appeared first on <a href="https://www.rinf.tech">rinf.tech</a>.</p>
]]></description>
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					<h1 class="elementor-heading-title elementor-size-default">Things to Consider When Choosing a Software Development Outsourcing Partner</h1>				</div>
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					<h3 class="elementor-heading-title elementor-size-default">As businesses race to deliver transformative digital experiences, finding and building a close relationship with a software development outsourcing partner is critical for project relevance and success in the long term.</h3>				</div>
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					<h4 class="elementor-heading-title elementor-size-default">Yet, finding the right software development partner isn't straightforward. They must be established, have the right technical expertise, and perfectly fit the project type and company culture. </h4>				</div>
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									<p>In this article, we&#8217;re going to share the top things to do before considering software dev outsourcing and some tips for choosing a reliable technology partner for custom software development.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">What is a Software Development Outsourcing Partner?</h2>				</div>
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									<p>A software development partner is an outsourcing services provider with a team of IT specialists who can help deliver successful projects. <a href="https://www.rinf.tech/how-tech-partnerships-help-smbs-stay-ahead-of-the-innovation-curve/" target="_blank" rel="noopener">High tech partnerships</a> like these are used by startups, established enterprises, and even corporate giants.</p><p>This approach helps alleviate some of the burdens on in-house software developers. Outsourcing application development also helps keep costs down. For example, you don&#8217;t have to deal with any of the hiring processes or the associated overheads (like benefits) that go with hiring new employees.</p><p>Established software development providers often have the latest cutting-edge tools, industry-specific knowledge, and the technical prowess to build digital products based on your requirements.</p><p>There are many different reasons why companies partner with a software development provider. For example, they may not have enough resources to support in-house staff adequately. Or they may have short-term project needs that don&#8217;t demand permanent, full-time developers.</p><p>However, in the current tech talent shortage, companies tend to partner with an outsourcing development provider because they just can&#8217;t find or afford to hire the required tech talent. So, if you think that outsourcing your next software development project is right for you, here&#8217;s what you have to do.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Things to do before engaging a software dev outsourcing partner</h2>				</div>
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									<h3>1. Clearly Define Your Project Requirements</h3><p>Before embarking on your search for an outsourcing development partner, you must first evaluate your project. Clearly define your project requirements and goals and quantify specific benchmarks whenever possible.</p><p>It&#8217;s important to understand whether you need to outsource the entire project or just some part of it. Come up with the exact requirements you will need to be satisfied with the development project.</p><p>In this scenario, it will help to have a solid understanding and a mockup or at least a wireframe to get an idea of what the product will look like visually. This approach will help during your discussions with potential software development partners.</p><h3>2. Define the Project Timeframe</h3><p>When do you expect your application to go live? If you&#8217;ve never built digital products before, it will help to engage an experienced development partner who can help you come up with a definitive <a href="https://www.forbes.com/advisor/business/software/create-a-project-timeline/" target="_blank" rel="noopener">project timeline</a>.</p><p>Once you have a general idea about how much time is needed to achieve your objectives, start breaking your project down into milestones. You can start by creating a general outline with the amount of time it&#8217;ll take to complete each section. However, it&#8217;s critical to note that this isn&#8217;t set in stone and can change during the software development life cycle (SDLC).</p>								</div>
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									<h3>3. Define Your Budget</h3><p>Before you engage a software development outsourcing partner, you have to finalize your budget. How much will you allocate for your software development project? If you have never done this before, you might want to do some research to get an idea of what established software development companies charge for similar projects.</p><p>Depending on where your development partner is located, what you pay for hiring quality technical talent will vary. In this case, it&#8217;s best to prioritize quality over costs and budget accordingly.</p><h3>4. Define Your Tech Stack</h3><p>What programming languages and technologies are you planning to use for the software project? Create a detailed list with a brief description of how the team will use each programming language, tool, and platform within the project.</p><p>The tech stack is a crucial part of the process because your potential development partner must find top developers based on this list.</p><h3>5. Thoroughly Vet Potential Partners</h3><p>Finding a software development outsourcing partner may sound as easy as conducting a Google Search, but it&#8217;s more complicated than that. Google just provides the top results for a keyword like &#8220;software development partner.&#8221; It won&#8217;t know the intricacies of the project and what would likely be a perfect match.</p><p>While you can certainly use Google to create a list of potential software development partners, you have to take it a step further and start digging.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Are you looking to outsource your custom software development project to a specialist provider?</h3>				</div>
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					<h2 class="elementor-heading-title elementor-size-default">Tips for choosing the right software development outsourcing provider</h2>				</div>
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												<a class="elementor-toggle-title" tabindex="0">Examine Past Projects</a>
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					<div id="elementor-tab-content-1801" class="elementor-tab-content elementor-clearfix" data-tab="1" role="region" aria-labelledby="elementor-tab-title-1801"><p>Look into their evaluations and reviews and try to reach out to past customers. Examine their <a href="https://www.rinf.tech/how/success-stories/" target="_blank" rel="noopener">case studies</a> and related documentation of past projects and make an informed decision.</p></div>
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												<a class="elementor-toggle-title" tabindex="0">Make sure the company has an In-House R&D</a>
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					<div id="elementor-tab-content-1802" class="elementor-tab-content elementor-clearfix" data-tab="2" role="region" aria-labelledby="elementor-tab-title-1802"><p>It always helps to work with a partner who has an in-house <a href="https://www.rinf.tech/what/r-d-embedded/" target="_blank" rel="noopener">research and development team</a> for piloting and building a proof of concept.</p></div>
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												<a class="elementor-toggle-title" tabindex="0">Work with Multiple Business Models</a>
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					<div id="elementor-tab-content-1803" class="elementor-tab-content elementor-clearfix" data-tab="3" role="region" aria-labelledby="elementor-tab-title-1803"><p>It&#8217;s also crucial to select a software development provider that is able to offer several <a href="https://www.rinf.tech/how/delivery-models/" target="_blank" rel="noopener">service delivery models</a>. This approach will help you mix and match models to optimize costs. For example, you may choose to work with a hybrid team comprised of in-house developers and an outsourcing team.</p></div>
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												<a class="elementor-toggle-title" tabindex="0">Make sure the company has robust recruiting processes</a>
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					<div id="elementor-tab-content-1804" class="elementor-tab-content elementor-clearfix" data-tab="4" role="region" aria-labelledby="elementor-tab-title-1804"><p>Your outsourcing partner must have a strong pool of engineers to choose from. They should be able to recruit and put a team together quickly for you to get your project off the ground. The speed and quality of candidate sourcing are critical for the project&#8217;s development phase and in the long term when it comes to maintenance and upgrades.</p></div>
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												<a class="elementor-toggle-title" tabindex="0">Accreditations and Certifications </a>
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					<div id="elementor-tab-content-1805" class="elementor-tab-content elementor-clearfix" data-tab="5" role="region" aria-labelledby="elementor-tab-title-1805"><p>You will also want to validate the claims and performance of your potential development partner. To justify your budget, make sure to ask for your potential partner&#8217;s <a href="https://www.rinf.tech/how/certificates/" target="_blank" rel="noopener">certifications</a>. For example, ISO and Intel certifications are only offered to business partners that consistently maintain a high standard.</p><p> </p></div>
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												<a class="elementor-toggle-title" tabindex="0">Security, Privacy, and Compliance</a>
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					<div id="elementor-tab-content-1806" class="elementor-tab-content elementor-clearfix" data-tab="6" role="region" aria-labelledby="elementor-tab-title-1806"><p>Security, privacy, and compliance are critical to business relevance. As such, it&#8217;s vital to choose a software development provider who makes security a project imperative. Make sure to ask about the steps they will take to ensure security during the product development phase and beyond.</p></div>
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					<h2 class="elementor-heading-title elementor-size-default">Final thoughts</h2>				</div>
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									<p>Regardless of the approach you use to identify and commit to a software development outsourcing partner, it&#8217;s vital to avoid choosing software development providers based on the cutting-edge technologies listed on their websites.</p><p>As you can see from the above, it&#8217;s safe to say that outsourcing is no longer just about labor cost arbitrage and cost-saving. It&#8217;s more about building a strategic partnership that enables a substantial competitive advantage, sustainable software development, boosts in-house expertise, and scales seamlessly over time.</p>								</div>
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		<p>The post <a href="https://www.rinf.tech/5-tips-for-choosing-the-right-software-development-outsourcing-partner%ef%bf%bc/">Things to Consider When Choosing a Software Development Outsourcing Partner￼</a> appeared first on <a href="https://www.rinf.tech">rinf.tech</a>.</p>
]]></content:encoded>
					
		
		
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		<title>Ukraine Tech Industry 2022: IT Exports Volume, Talent Pool and More​</title>
		<link>https://www.rinf.tech/ukraine-it-industry-2022/</link>
		
		<dc:creator><![CDATA[rinf.tech]]></dc:creator>
		<pubDate>Mon, 31 Jan 2022 11:29:48 +0000</pubDate>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[outsourcing]]></category>
		<category><![CDATA[ukraine]]></category>
		<guid isPermaLink="false">https://www.rinf.tech/?p=16930</guid>

					<description><![CDATA[<p>rinf.tech recaps a detailed analysis of the Ukrainian IT industry 2021-2022 by IT Ukraine Association: IT exports volume, size of the tech talent pool, investments climate, and more.</p>
<p>The post <a href="https://www.rinf.tech/ukraine-it-industry-2022/">Ukraine Tech Industry 2022: IT Exports Volume, Talent Pool and More​</a> appeared first on <a href="https://www.rinf.tech">rinf.tech</a>.</p>
]]></description>
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					<h1 class="elementor-heading-title elementor-size-default">Ukraine Tech Industry 2022: IT Exports Volume, Talent Pool and More</h1>				</div>
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									<p>Recapping key takeaways from Ukraine IT Report 2022</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Over the past 25 years, the Ukrainian IT sector has made a quantum leap forward. It has transformed from a very niche into a highly intelligent industry, employing almost 300,000 professionals and growing by 25-30% annually.
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					<h4 class="elementor-heading-title elementor-size-default">Ukraine's IT exports allegedly generate more than 4% of the country's GDP, with their volume exceeding $6 billion as of 2021. Ukraine is now one of the largest exporters of IT services in Europe, growing 27% annually.</h4>				</div>
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									<p>For the first time in its history, the IT industry has transformed from a highly-niche sector into a trailblazing domain attracting as many as 54% of Ukrainian high school students and foreign investments worth on average $300-700 million a year.</p><p><a href="https://itukraine.org.ua/en/" target="_blank" rel="noopener">IT Ukraine Association</a> has recently published a comprehensive<strong> Ukraine IT Report 2022.</strong> We at <a href="https://www.rinf.tech" target="_blank" rel="noopener">rinf.tech</a> couldn&#8217;t help recapping its most interesting and thought-provoking findings for a broader audience. So, here you go.</p>								</div>
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				Contents			</h4>
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					<h2 class="elementor-heading-title elementor-size-default">Ukraine as one of Europe's leading IT hubs</h2>				</div>
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					<h2 class="elementor-heading-title elementor-size-default"><span style="margin-top: 0.5rem;margin-bottom: 1rem;font-weight: var( --e-global-typography-2639a7e-font-weight );line-height: var( --e-global-typography-2639a7e-line-height );font-size: var( --e-global-typography-2639a7e-font-size );text-align: start;white-space: normal">Ukraine in international ratings: a snapshot</span></h2>				</div>
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						6th in Europe					</h4>
				
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						for open data, setting the trend in the region (source: Open Data Maturity, 2021)					</div>
				
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						Top 50 Innovative Nation					</h4>
				
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						Ukraine ranks 49th among the most innovative nations in the 2021 Global Innovation Index by WIPO					</div>
				
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							<a class="elementor-cta" href="https://www.kyivpost.com/technology/bloomberg-ukraine-among-worlds-least-innovative-countries.html">
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						Top 60 Innovative Economy					</h4>
				
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						Ukraine ranks 58th in the 2021 Bloomberg Innovation Index					</div>
				
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						11th in Europe					</h4>
				
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						Ukraine ranks 11th out of 30 European countries by IT competitiveness.					</div>
				
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									<p>Ukraine is among five European countries that create two-thirds of IT value-added in the region (along with <a href="https://www.rinf.tech/romania-as-an-it-outsourcing-4-0-destination-market-overview/" target="_blank" rel="noopener">Romania</a>, Poland, Czechia, and Hungary). </p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Ukraine IT sector diversity
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									<ul><li style="text-align: left;">Ukraine is home to more than 5,000 companies, most of which are small (up to 80 employees) and medium-sized (up to 800).</li><li style="text-align: left;">Half of the companies (51%) are service companies; 33% provide custom software development services while having at least one product; 16% are purely product companies.</li><li style="text-align: left;">Many Ukraine-based outsourcing companies specialize in Cloud, artificial intelligence (AI), and Big Data technologies.</li><li style="text-align: left;">Other areas of expertise in Ukraine are DevOps, Blockchain, <a href="https://www.rinf.tech/what/r-d-embedded/embedded-iot/" target="_blank" rel="noopener">embedded/IoT</a>, <a href="https://www.rinf.tech/what/robotics/custom-robotics/" target="_blank" rel="noopener">robotics</a>, and digital assurance.<br /><div class="simple-translate-button isShow" style="background-image: url('moz-extension://4698b71c-eb03-4d36-b17d-06dd42a72c78/icons/512.png'); height: 22px; width: 22px; top: 461px; left: 169px; text-align: left;"> </div><div class="simple-translate-panel " style="width: 300px; height: 200px; top: 0px; left: 0px; font-size: 13px; background-color: #ffffff;"><div class="simple-translate-result-wrapper" style="overflow: hidden;"><div class="simple-translate-move" style="text-align: left;" draggable="true"> </div><div class="simple-translate-result-contents"><p class="simple-translate-candidate" dir="auto" style="color: #737373; text-align: left;"> </p></div></div></div></li></ul>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">IT Exports in 2021

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									<p>As of 2021, the Ukrainian IT exports market is assessed at 6.8 billion, accounting for 37% of all service exports from the country.</p><p>On average, exports of IT and software services from Ukraine have seen a 27% increase annually for four consecutive years.</p><p>The main growth drivers are the US (40% of exports) and the UK (10%).</p><p>In 2020, Ukraine&#8217;s IT generated:</p><ul><li>Twice as much export revenue as the gas transmission system.</li><li>1.5x more export revenue than in mechanical engineering.</li><li>About a quarter of the export revenue of the agricultural sector.</li></ul><p> </p><p><img loading="lazy" decoding="async" class="size-large wp-image-17006 aligncenter" src="https://www.rinf.tech/wp-content/uploads/2022/01/ukraine-IT-exports-2016-2021-1024x511.png" alt="ukraine IT exports 2016-2021" width="800" height="399" srcset="https://www.rinf.tech/wp-content/uploads/2022/01/ukraine-IT-exports-2016-2021-1024x511.png 1024w, https://www.rinf.tech/wp-content/uploads/2022/01/ukraine-IT-exports-2016-2021-300x150.png 300w, https://www.rinf.tech/wp-content/uploads/2022/01/ukraine-IT-exports-2016-2021-768x383.png 768w, https://www.rinf.tech/wp-content/uploads/2022/01/ukraine-IT-exports-2016-2021.png 1038w" sizes="(max-width: 800px) 100vw, 800px" /></p><p>In the baseline scenario, Ukraine&#8217;s IT sector could double its export revenues over the next four years.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Ukraine's tech talent pool
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									<p>Demand for IT services and relatively high salaries lead to a significant increase in the number of IT talents in Ukraine. Cooperation with Individual Entrepreneurs (IE) is attractive for companies because IT often involves project work. The IT industry actively attracts young people: 80% of employees of IT companies are aged 18 to 32.</p><p>As of 2021, the Ukrainian tech talent pool counts 285,000 specialists: 80% have IE contracts with IT companies.</p><p>In addition, 25% of all IT specialists and 32% of management are female.</p><p>Significant demand for Ukrainian talents is due to the high educational level of Ukrainians. Ukraine ranks 47 out of 189 (between the UAE and Italy) according to the UN Education Index 2021. In general, the education index of Ukraine corresponds to the level of Western countries. A typical Ukrainian IT specialist has a higher (often technical) education, an average English proficiency (80% have an intermediate level), and an average work experience of 3 years or more.</p><p>According to Korn Ferry&#8217;s 2021 IT Rewards Study, the labor market in Ukraine is quite fragmented, as evidenced by the differences in wages within the same position. The salaries of project managers (PMs) vary little by region. The salaries of tech specialists in the capital are up to 25% higher than the national average.</p><p>Speaking about Ukrainian IT specialists&#8217; remuneration, the monthly median for different positions looks as follows:</p><ul><li>Project Manager (PM) – $3,100</li><li>Software Engineer (mid-level) – $3,000</li><li>QA Automation – $2,500</li><li>QA Manual – $2,000</li></ul><p> </p><p>Regions with below-average wage levels are economically more attractive for companies to enter.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Higher education
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									<p>Of the 1,700 educational institutions in Ukraine, 150 offer undergraduate programs in IT. The most powerful educational centers form clusters of companies in their regions.</p><p>Ukrainian universities annually prepare about 17,000 new bachelors. The increased interest of applicants in the specialty and state funding for education will increase the number of graduates to 23,000 in 2025. In the medium term, up to 35,000 bachelors are expected to graduate due to the peak birth rate in 2008-2013.</p><p>Most bachelor&#8217;s graduates (54% in 2020) choose to enroll in a master&#8217;s program. Colleges and technical schools graduate junior specialists. The modernization of the curricula of technical schools and colleges is a potential point of growth for the IT industry.</p><p>In 2021, engineering and computer science were the two most popular majors, followed by automation and cybersecurity.</p><p>IT business is an interested stakeholder in the education system of Ukraine. So far, the demand for new IT specialists significantly exceeds the capabilities of Ukrainian higher educational institutions (HEIs). The response to this was the emergence of numerous non-formal IT education institutions offering intensive training courses for junior-level specialists. Non-formal education annually trains and adds 10,000-12,000 new IT specialists to the national pool. According to the forecasts of the Ukraine IT Association, in the coming years, their number will grow to 20,000-25,000.</p>								</div>
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									<p><em>Image: IT Ukraine Association</em></p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Are you looking to outsource your software project or hire top-notch software engineering talents in Ukraine?</h3>				</div>
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					<h2 class="elementor-heading-title elementor-size-default">Diia City

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									<p>From 2022, the government is expected to introduce a special legal framework for the IT industry – the so-called <a href="https://city.diia.gov.ua/en" target="_blank" rel="noopener">Diia City</a>.</p><p>It will apply to the entire territory of Ukraine and should provide several benefits for IT companies that choose to become Diia City residents: a special tax regime, special (more flexible) forms of attracting IT specialists (gig and labor contracts), additional legal instruments in the field of investment protection and corporate governance.</p><p style="text-align: center;"><img loading="lazy" decoding="async" class="wp-image-16986 size-full" src="https://www.rinf.tech/wp-content/uploads/2022/01/Screenshot-2022-01-28-at-18.04.33-e1643386003656.png" alt="how to become diia city resident in ukraine" width="1198" height="422" /> <em>Image: IT Ukraine Association</em></p><div><br /> <p>Given the long-standing dialogue between the IT industry and the authorities, the implementation of Diia City will be seen as an additional stimulus for the growth of the digital economy in Ukraine.</p></div>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Investments</h2>				</div>
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									<p>The Ukrainian IT industry actively attracts foreign investments for its development. On average, deals and transactions concluded are worth $300-700 million annually. Most of the deals are related to investments and grants for startups (Seed and Pre-seed stages), but most of the funding goes to some of the largest companies.</p><p><img loading="lazy" decoding="async" class="wp-image-17007 size-large aligncenter" src="https://www.rinf.tech/wp-content/uploads/2022/01/Screenshot-2022-01-31-at-13.00.42-1024x366.png" alt="the largest Ukraine startup funding deals 2021" width="800" height="286" srcset="https://www.rinf.tech/wp-content/uploads/2022/01/Screenshot-2022-01-31-at-13.00.42-1024x366.png 1024w, https://www.rinf.tech/wp-content/uploads/2022/01/Screenshot-2022-01-31-at-13.00.42-300x107.png 300w, https://www.rinf.tech/wp-content/uploads/2022/01/Screenshot-2022-01-31-at-13.00.42-768x274.png 768w, https://www.rinf.tech/wp-content/uploads/2022/01/Screenshot-2022-01-31-at-13.00.42.png 1220w" sizes="(max-width: 800px) 100vw, 800px" /> </p><div style="text-align: center;"><em>The largest funding agreements concluded by Ukrainian startups in 2020-2021</em></div><div> </div><h3>Notable M&amp;A deals in Ukraine in 2021</h3><ul><li>March 2021 – <strong>GlobalLogic</strong> was acquired by <strong>Hitachi</strong> for $9.6 million;</li><li>October 2021 – acquisition of <strong>portmone</strong> by <strong>kaspi.kz</strong> for $15 million;</li><li>October 2021 – acquisition of <strong>DepositPhotos</strong> by <strong>VistaPrint</strong> for $85 million.<span style="color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ); font-size: var( --e-global-typography-text-font-size );"> </span></li></ul><div> </div>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Remote work trends</h2>				</div>
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									<p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">In IT, remote work is a common thing: IT projects, in particular outsourcing projects, involve remote collaboration with clients. </span></p><p class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">The COVID-19 pandemic is additionally forcing people to work outside the office. Instead, this gives additional opportunities for IT businesses:</span></p><ul><li dir="ltr" data-placeholder="Translation">remote work allows for hiring candidates from any region of Ukraine (elimination of physical and geo boundaries), </li><li dir="ltr" data-placeholder="Translation">it allows both employers and employees to achieve significant cost savings as a result of not using a physical office, commute elimination, etc.</li></ul><p> </p><p>As a result of the pandemic:</p><ul><li>87% of Ukrainian IT companies switched to a hybrid work mode (wfh + office);</li><li>59% started hiring talents from other cities of Ukraine;</li><li>43% started tapping into foreign talent pools for hire;</li><li>24% reduced office rent;</li><li>6% completely abandoned office space.</li></ul><p> </p><p>Should the quarantine restrictions be lifted, 42% of companies in Ukraine plan to return at least part of their employees to the office.</p><pre>For more insights and trends pertaining to the Ukrainian IT industry in 2022, please check out the actual Report by IT Ukraine Association.</pre>								</div>
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		<p>The post <a href="https://www.rinf.tech/ukraine-it-industry-2022/">Ukraine Tech Industry 2022: IT Exports Volume, Talent Pool and More​</a> appeared first on <a href="https://www.rinf.tech">rinf.tech</a>.</p>
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		<title>Romania as an IT Outsourcing 4.0 Destination: Market Overview</title>
		<link>https://www.rinf.tech/romania-as-an-it-outsourcing-4-0-destination-market-overview/</link>
		
		<dc:creator><![CDATA[rinf.tech]]></dc:creator>
		<pubDate>Tue, 28 Dec 2021 14:59:32 +0000</pubDate>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[ai]]></category>
		<category><![CDATA[outsourcing]]></category>
		<category><![CDATA[robotics]]></category>
		<category><![CDATA[Romania]]></category>
		<guid isPermaLink="false">https://www.rinf.tech/?p=16237</guid>

					<description><![CDATA[<p>This article looks into today's Romanian ICT industry and talent pool to explore whether Western companies should consider outsourcing their custom software development and R&#038;D projects to Romania.</p>
<p>The post <a href="https://www.rinf.tech/romania-as-an-it-outsourcing-4-0-destination-market-overview/">Romania as an IT Outsourcing 4.0 Destination: Market Overview</a> appeared first on <a href="https://www.rinf.tech">rinf.tech</a>.</p>
]]></description>
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					<h1 class="elementor-heading-title elementor-size-default">Romania as an IT Outsourcing 4.0 Destination: Market Overview</h1>				</div>
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					<h3 class="elementor-heading-title elementor-size-default">The Covid-19 pandemic has triggered an unprecedented increase in the digitization processes as many companies across the globe have moved to advanced software solutions to better meet customer needs, improve and streamline their internal processes and embrace innovation within the Industry 4.0. context.</h3>				</div>
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					<h4 class="elementor-heading-title elementor-size-default">Yet, challenges such as high cost and lack of domestic software engineering talent, fierce competition for fast time-to-market, high barriers to enter the emerging tech ecosystem and others drive companies in Western and Northern Europe and North America – from startups and SMBs to large manufacturing enterprises – to seek new business models and leverage talent pools and competencies outside their national borders. Like a decade ago, Western companies still turn to IT Outsourcing as an effective way to overcome challenges and withstand competition.</h4>				</div>
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									<p>However, there&#8217;s a significant difference in factors driving companies to outsource ten years ago and today. In the past, most outsourced their custom software development projects for the sake of cost-saving as a result of labor cost arbitrage. Today, according to Deloitte, companies outsource to unleash marketplace speed and leverage strategic partnerships in order to develop new capabilities, integrate them to create value, and drive that value into the business. That&#8217;s what IT Outsourcing 4.0 is referred to.</p>								</div>
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									<h5>Does Romania check the box as an IT Outsourcing 4.0 ready destination?</h5><p><strong>This article will look into today&#8217;s Romanian ICT industry, existing talent pool, and disruptive potential to explore whether Western companies should consider outsourcing their custom software development and R&amp;D projects to Romania.</strong></p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Romanian IT and software services market overview</h2>				</div>
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									<p>In May 2021, Eurostat <a href="https://balkaninsight.com/2021/07/05/birn-fact-check-is-romania-on-course-to-sustained-growth/" target="_blank" rel="noopener">announced</a> that Romania’s economy had seen the highest growth in the EU in the first quarter of 2021, at <strong>2.8%</strong>.</p><p>A month later, in June 2021, Deloitte <a href="https://balkaninsight.com/2021/07/05/birn-fact-check-is-romania-on-course-to-sustained-growth/" target="_blank" rel="noopener">listed</a> Romania as one of only six countries in the world (together with China, Chile, Australia, Lithuania, and South Korea) whose GDP had grown during the pandemic. </p><p><span style="color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ); font-size: var( --e-global-typography-text-font-size );">Global software companies such as Oracle, Amazon, IBM, and Deutsche Bank have already exploited the potential of Romanian software developers at competitive rates compared to Western Europe while maintaining product quality and reducing time to market. They also contributed to the initial development of the tech startup ecosystem that is evolving in leaps and bounds nowadays.</span></p><p><span data-preserver-spaces="true">Today, Romania is </span><a class="editor-rtfLink" href="https://www.frdcenter.ro/emerging-europe-market-and-ma-opportunities/" target="_blank" rel="noopener"><span data-preserver-spaces="true">one of the leading countries</span></a><span data-preserver-spaces="true"> in the region in terms of ITO, SSC, and BPO. Companies such as London Stock Exchange Group, Viavi, Huawei, Capgemini, Samsung, Amazon, Accenture have opened centers in Romania for R&amp;D, business services, logistics, custom software development, etc.</span></p><p>Now let&#8217;s delve into details.</p><p>According to the <a href="https://www.wipo.int/edocs/pubdocs/en/wipo_pub_gii_2021/ro.pdf">World Intellectual Property Organization (WIPO)</a>, Romania ranks 48th among 132 countries in the Global Innovation Index (GII) 2021. Romania performs best in Knowledge and Technology, followed by infrastructure (see below).</p><p> </p><pre>Top 5 GII pillar ranks for Romania in 2021</pre><p><img loading="lazy" decoding="async" class="wp-image-16267 size-large aligncenter" src="https://www.rinf.tech/wp-content/uploads/2021/12/Screenshot-2021-12-29-at-14.13.30-1024x452.png" alt="romania innovation 2021" width="800" height="353" /></p><div> </div><div>In particular, as per GII 2021, Romania strengths are:</div><div> </div><ul><li><strong>ICT services exports – rank #10</strong></li><li><strong>Knowledge impact – rank #12</strong></li><li><strong><a href="https://www.rinf.tech/how/certificates/" target="_blank" rel="noopener">ISO Quality Certification</a> – rank #16</strong></li><li><strong>High-tech manufacturing – rank #21</strong></li><li><strong>Knowledge diffusion – rank #23</strong></li><li><strong>High-tech exports – rank #27</strong></li></ul>								</div>
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									<p>Romania&#8217;s IT industry is one of the fastest-growing ones in Central and Eastern Europe. As of 2020, the local ICT market was estimated at <strong>$6.4 billion</strong>. According to a study by ANIS (Asociația Patronală a Industriei de Software și Servicii), IT exports account for<strong> 85%</strong> of this value (<b>$5.5 billion</b>).</p><p>Almost half of the total revenue (<strong>$2.9 billion</strong>) comes from large companies with more than 250 employees, followed by small companies (under 50 employees) contributing <strong>$2.2 billion</strong>, and mid-size companies (50-249 employees) bringing in <strong>$1.3 billion</strong>.</p><p>The country&#8217;s leading IT development city is Bucharest, which accounts for 63% of all IT revenues.</p><p>Romania&#8217;s digital agenda also sets priorities for critical sectors of the Romanian economy and society, such as</p><ul><li>Employment,</li><li><a href="https://www.rinf.tech/what/r-d-embedded/" target="_blank" rel="noopener">Research and development (R&amp;D)</a>,</li><li>Climate change and energy sustainability,</li><li>Education</li><li>Fight against poverty and social exclusion, etc.</li></ul>								</div>
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									<h3>Domestic IT market overview</h3><p>The structure of the <a href="https://www.trade.gov/country-commercial-guides/romania-information-communications-technology-ict" target="_blank" rel="noopener">domestic market</a>is as follows:</p><ul><li>Major buyers: manufacturing (39%), finance (20%), professional and consumer services (16%),</li><li>The fastest-growing sectors: finance (26%), professional and consumer services, telecommunications, retail, and cybersecurity.</li><li>Software services (64%) versus products (36%).</li></ul><h3>IT Outsourcing market overview</h3><p>Valued at approximately <strong>$5.5 billion </strong>in 2021, the Romanian IT exports market has been <strong>growing at about 15% annually</strong>. The annual outsourcing growth rate is 20%. As much as 90% of ITO services are exported to the EU countries, including Germany, France, the UK, the Netherlands, and the Nordic countries.</p><p>Romanian ITO hubs are spread well across the whole country: South (Bucharest, Craiova), Center (Cluj-Napoca, Brasov, Sibiu), West (Timisoara, Oradea), North East (Iasi).</p><p>In Romania, software development services aren&#8217;t much cheaper than in other Eastern European countries. Yet, they&#8217;re cost-effective for Western businesses due to IT labor cost arbirage.</p><p>As an ITO buyer, you will have the advantage of working with the second largest pool of software engineers in Europe (after Ukraine) skilled in technologies and domains such as Java, JavaScript, C#, HTML, CSS, Angular, React, Python, DevOps, Machine/Deep Learning, Computer Vision, NLP, data science, cloud, and cybersecurity.</p><p>On average, a senior software engineer based in Bucharest makes <strong>€50,000</strong> per year. Romanian IT outsourcing companies can provide a good mix of junior, mid-level, and senior talent for client-tailored Managed or Dedicated Teams, helping customers optimize expenses and save software development budgets. At rinf.tech, for instance, we offer <a href="https://www.rinf.tech/how/delivery-models/" target="_blank" rel="noopener">9 service delivery models</a>, from Augmented Teams to turnkey solutions, that can be mixed for the best quality-cost ratio depending on the client&#8217;s budget, project complexity, business goals, etc.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Romanian tech education and talent pool</h2>				</div>
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									<p><span data-preserver-spaces="true">Romania boasts the highest per capita technology workforce in Europe. </span></p><p><span data-preserver-spaces="true">Here&#8217;re some highlights:</span></p><ul><li><strong>Romania has 5 top technical universities and 59 domain-specific educational institutions</strong></li><li><strong>The total of 202,000 ITC professionals (45% under the age of 34 y.o.) is employed by national and international IT and software service companies</strong></li><li><strong>68% have a university degree</strong></li><li><strong>Romanian ITO talent pool – about 110,000 specialists (54% of the workforce working in ICT)</strong></li><li><strong>Universities and high schools graduate 30,000 junior specialists per year</strong></li><li><strong>Each year, around 2,000 people re-skill and switch to IT jobs from other areas</strong></li></ul><p><span data-preserver-spaces="true"> </span></p><p><span data-preserver-spaces="true">According to the National Institute of Statistics, Romania&#8217;s ICT sector evolution is the major driver for the <a href="https://www.rinf.tech/what/automotive/" target="_blank" rel="noopener">automotive</a>, aerospace, chemical, agriculture, and many other sectors and <a href="https://www.rinf.tech/from-the-1st-industrial-revolution-to-industry-4-0/" target="_blank" rel="noopener">Industry 4.0</a> as a whole.</span></p><p><span data-preserver-spaces="true">In terms of cyber education, in the 2019-2020 academic year, more than 15 cybersecurity programs were developed across the country, focusing on cybersecurity of military information systems, cryptography, and digital research on machine learning and network security.</span></p><p><span data-preserver-spaces="true">In terms of gender balance, Romania is ranked 3rd in the EU for women working in ICT: </span><a class="editor-rtfLink" href="https://www.trade.gov/country-commercial-guides/romania-information-communications-technology-ict" target="_blank" rel="noopener"><span data-preserver-spaces="true">24% of tech graduates in Romania are women</span></a><span data-preserver-spaces="true">, marking one of the most inclusive and gender-balanced work cultures and environments.</span></p>								</div>
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									<h3>Special incentives for the IT industry in Romania</h3><h4>Research and development (R&amp;D)</h4><p>Companies doing business in Romania can receive an additional deduction of 50% on their respective research and development costs. In addition, accelerated depreciation can be applied to technologies and equipment used in R&amp;D. For large investments, public assistance schemes or individual assistance are available.</p><h4>Income tax exemption for IT staff involved in software development</h4><p><span data-preserver-spaces="true">Romania does not tax the income of IT employees involved in software development. Thus, Romania is one of the most competitive markets for outsourcing, with an </span><a class="editor-rtfLink" href="http://www.payscale.com/" target="_blank" rel="noopener"><span data-preserver-spaces="true">average annual labor cost</span></a><span data-preserver-spaces="true"> of 67,000 RON ($15,300) in software development.</span></p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Technology focus areas </h2>				</div>
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									<h3>Focus on Cybersecurity</h3><p><span data-preserver-spaces="true">Cybersecurity is one of the leading components of the ICT sector in Romania. According to </span><a class="editor-rtfLink" href="https://www.trade.gov/country-commercial-guides/romania-information-communications-technology-ict" target="_blank" rel="noopener"><span data-preserver-spaces="true">Trade.Gov</span></a><span data-preserver-spaces="true">, Romania&#8217;s National Digital Agenda 2020 Strategy, the full implementation of the cyber security-based strategic vision will require a total investment of about </span><strong><span data-preserver-spaces="true">$2.64 billion</span></strong><span data-preserver-spaces="true">.</span></p><p><span data-preserver-spaces="true">In 2021, Bucharest has </span><a class="editor-rtfLink" href="https://en.wikipedia.org/wiki/European_Cybersecurity_Competence_Centre" target="_blank" rel="noopener"><span data-preserver-spaces="true">become home</span></a><span data-preserver-spaces="true"> to the European Competence Center for Industrial, Technological, and Research Cybersecurity – an EU special agency tasked with funding and coordinating cybersecurity research projects for encryption and network security all over Europe.</span></p><p> </p><h3>Focus on Robotics</h3><p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">According to the <a href="https://www.reportlinker.com/p06150746/EUROPE-AUTOMOTIVE-ROBOTICS-MARKET-FORECAST.html" target="_blank" rel="noopener">International Federation of Robotics (IFR)</a>, there are about industrial 3,100 robots in Romania, of which 40% are used in the automotive industry.</span></p><p class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">Pilot and full-fledged robotic solutions built in Romania have received accolades and been acknowledged on the global scene. In 2021, a</span><span class="Y2IQFc" lang="en"> Romanian robotics team made up of students from Traian Lalescu High School in Hunedoara <a href="https://www.romania-insider.com/index.php/ro-robotics-teorganized by Naţie Prin Educaţie associationam-first-global-challange-nov-2021" target="_blank" rel="noopener" data-wplink-url-error="true">won the first prize</a> in the health category at the FIRST Global Challenge international robotics competition.</span></p><p class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">The participating teams were tasked with identifying a pandemic-related issue in their community across education, environment, health, or economics, and then creating a robotic prototype to address it. The winning team from Romania </span><span class="Y2IQFc" lang="en">offered an inexpensive scalable healthcare solution including an autonomous robot sterilizer using UV radiation.</span></p><p dir="ltr" data-placeholder="Translation">Custom robotic development is gaining traction in Romania, as more companies big and small consider robots to be the new sources for additional business value generation. Currently, 24% of SMEs in Romania confirm they need software robots to accelerate business digitization and improve operational efficiency by automating operations, according to a 2021 study by <a href="https://business-review.eu/tech/almost-a-quarter-of-small-and-medium-sized-companies-in-romania-confirm-the-need-for-intelligent-software-robots-219849" target="_blank" rel="noopener">Tailent</a>.</p><p dir="ltr" data-placeholder="Translation">Custom robotic development outsourcing to Romania is another prospective area, as the country has accumulated solid know-how and deep domain knowledge from the delivery of custom automotive projects that rely heavily on IoT, embedded development, robotics, and AI tech. </p><p dir="ltr" data-placeholder="Translation">We at rinf.tech have a <a href="https://www.rinf.tech/what/robotics/custom-robotics/" target="_blank" rel="noopener">Robotic Division</a> that both provides RPA and bespoke product and services robotization solutions and builds our <a href="https://www.mattrobot.ai" target="_blank" rel="noopener">own enterprise robots</a> for different industries within Romania and abroad.</p><p dir="ltr" data-placeholder="Translation"> </p><h3 dir="ltr" data-placeholder="Translation">Focus on Quantum Computing </h3><p><span data-preserver-spaces="true">In 2020, Romania was one of the four countries to  </span><a class="editor-rtfLink" href="https://digital-strategy.ec.europa.eu/en/news/austria-bulgaria-denmark-and-romania-join-initiative-explore-quantum-communication-europe" target="_blank" rel="noopener"><span data-preserver-spaces="true">have agreed</span></a><span data-preserver-spaces="true"> to work together with 20 other EU Member States towards developing a quantum communication infrastructure (QCI) across Europe. The QCI aims to enhance European capabilities in quantum computing technology and industrial competitiveness.</span></p>								</div>
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				"We will actively contribute to the development of quantum technologies by playing to our strengths: lasers, nanotechnologies, and quantum theory, among others. As one of the driving technologies of the 21st century, quantum technologies will have a major impact on our lives by making Europe a better, safer, and more competitive place to live and work."			</p>
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											<cite class="elementor-blockquote__author">Dragos Ciuparu, Romania's State Secretary for Research</cite>
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									<p>Following the national agenda for future technologies and quantum, in particular, we at <a href="https://www.rinf.tech" target="_blank" rel="noopener">rinf.tech</a> have launched a Quantum Computing training for our employees that will be conducted by a Deutsche Bank consultant. With this initiative, we&#8217;re aiming to contribute to the future readiness of our software engineering talent.</p>								</div>
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					<h4 class="elementor-heading-title elementor-size-default">Are you looking to outsource your custom software development project to Romania?</h4>				</div>
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					<h2 class="elementor-heading-title elementor-size-default">Romania is Europe's leading destination for automotive innovation outsourcing</h2>				</div>
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									<p><span data-preserver-spaces="true">Germany&#8217;s automotive industry is one of the most active outsourcers to Romania.</span></p><p><span data-preserver-spaces="true">In 2018, the German engineering and electronics company Bosch Engineering took advantage of Romania&#8217;s potential as an R&amp;D center. The company has invested <strong>€30 million</strong> in its engineering center headquartered in Cluj-Napoca, which was completed in 2020. The center develops software, hardware, and products for mechanical engineering in autonomous driving, electric vehicles, and the Internet of Things (IoT).</span></p><p><span data-preserver-spaces="true">Ford announced this year that it will invest <strong>$300 million</strong> in producing a new light commercial vehicle at its Craiova plant in Romania, starting in 2023. Craiova follows two other Ford businesses focused on the production of all-electric cars, the Cologne Electrified Vehicle Center in Germany and the Kocaeli plant in Turkey. Thanks to this expansion, Ford&#8217;s total investment in its manufacturing operations in Romania has approached <strong>$2 billion</strong> since 2008. </span></p><p><span data-preserver-spaces="true">&#8220;<em>Ford&#8217;s Craiova operations have proven to be globally competitive and flexible</em>,&#8221; </span><a class="editor-rtfLink" href="https://therecursive.com/romania-as-an-automotive-innovation-hub-porsche-engineering-opens-its-second-r-d-location/" target="_blank" rel="noopener"><span data-preserver-spaces="true">said</span></a><span data-preserver-spaces="true"> Stuart Rowley, President, Ford of Europe, announcing the project. &#8220;<em>Our plan to build this new light commercial vehicle in Romania reflects our continued positive partnership with local suppliers and the community, as well as the success of the entire Ford Craiova team</em>.&#8221;</span></p><p><span data-preserver-spaces="true">Porsche Engineering, a technology service provider and a subsidiary of Porsche, has chosen Timisoara to host its second R&amp;D center in Romania. The aim is to expand the network of innovation centers into developing future cars: smart and connected. For Romania, this is another boon to developing high-tech automotive innovation projects.</span></p><p><span data-preserver-spaces="true">&#8220;<em>Five years ago, when we first came to Romania, we were impressed with the creativity, flexibility, and fast learning ability of the people we met</em>,&#8221; </span><a class="editor-rtfLink" href="https://newsroom.porsche.com/en/2021/innovation/porsche-engineering-second-tech-location-timisoara-romania-24763.html" target="_blank" rel="noopener"><span data-preserver-spaces="true">says</span></a><span data-preserver-spaces="true"> Dirk Lappé, Technical Director of Porsche Engineering. According to him, the company is &#8220;delighted to continue to exploit this potential&#8221; in the future.</span></p><p><span data-preserver-spaces="true">As an innovative philosophy, Porsche Engineering combines the latest in software technology, functions, and capabilities with automotive expertise to create more intelligent, efficient, and user-friendly vehicles. Following their success in Cluj-Napoca, the company chose Timisoara for its high-tech direction in both academia and industry.</span></p><p><span data-preserver-spaces="true">This will create about 300 new jobs in the automotive industry in Timisoara in 2022 and beyond. Opportunities will emerge primarily in software development and testing, focusing on automated driving functions, machine learning, virtual energy management, and digital cockpit trends. The Porsche Engineering management team is particularly encouraged by the opportunities offered by the city&#8217;s technical universities. It plans to partner with the Polytechnic University of Timisoara and the Western University of Timisoara for joint projects.</span></p><p><span data-preserver-spaces="true">At rinf.tech, we have a robust <a href="https://www.rinf.tech/what/automotive/" target="_blank" rel="noopener">Automotive Software Development Division</a> in Timisoara that provides custom development services to some of the leading German OEMs and Tier 1 providers. </span></p><p><span data-preserver-spaces="true">Based on our firsthand experience, the following types of projects have the highest demand for outsourcing among automotive companies so far:</span></p><ul><li><span data-preserver-spaces="true">ADAS solutions: <a href="https://www.rinf.tech/how/industries/automotive/instrument-cluster-for-mainstream-vehicles/" target="_blank" rel="noopener">instrument clusters</a>, <a href="https://www.rinf.tech/how/industries/automotive/agl-for-infotainment-instrument-cluster/" target="_blank" rel="noopener">infotainment systems</a>, and touch control solutions for the digital cockpit,</span></li><li><span data-preserver-spaces="true"><a href="https://www.rinf.tech/how/industries/automotive/audio-manager-middleware-development/" target="_blank" rel="noopener">Middleware</a>, <a href="https://www.rinf.tech/how/industries/automotive/low-level-drivers-for-automotive-mcu/" target="_blank" rel="noopener">low-level drivers</a>, and <a href="https://www.rinf.tech/how/industries/automotive/dcdc-converter/" target="_blank" rel="noopener">DCDC converters</a>,</span></li><li><span data-preserver-spaces="true"><a href="https://www.rinf.tech/how/industries/automotive/industrial-embedded-device/" target="_blank" rel="noopener">IoT</a> and embedded solutions,</span></li><li><span data-preserver-spaces="true">Predictive mechanisms based on AI, ML, and computer vision,</span></li><li><span data-preserver-spaces="true">Cyber security, and</span></li><li><span data-preserver-spaces="true">Human-machine interface (HMI) solutions.</span></li></ul>								</div>
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									<p>Technology is considered the main engine of growth in Romania, with an annual investment growth of <strong>€20 million</strong>, according to Romania&#8217;s Employers&#8217; Association of the Software and Services Industry (ANIS).</p><p><span data-preserver-spaces="true">Germany remains Romania&#8217;s largest trading partner, with a volume of <strong>€30.9 billion</strong> estimated in 2020. The trade volume between the two countries in the first six months of 2021 amounted to </span><strong><span data-preserver-spaces="true">€16.4 billion</span></strong><span data-preserver-spaces="true"> (20.5% increase). It&#8217;s projected to exceed <strong>€32 billion</strong> by 2022, according to </span><a class="editor-rtfLink" href="https://business-review.eu/business/business-report-in-romania-q4-2021-legislative-predictability-and-measures-to-mitigate-the-side-effects-of-the-covid-19-pandemic-are-highly-needed-223748" target="_blank" rel="noopener"><span data-preserver-spaces="true">AHK</span></a><span data-preserver-spaces="true">.</span></p><h3>Romania M&amp;A landscape</h3><p><span data-preserver-spaces="true">According to </span><a class="editor-rtfLink" href="https://www.7mileadvisors.com/the-ma-activity-in-it-services-and-software-sector-in-romania-is-expected-to-accelerate-in-2021/" target="_blank" rel="noopener"><span data-preserver-spaces="true">EY Digital Investment Index</span></a><span data-preserver-spaces="true">, the Romanian M&amp;A market was impacted by the COVID-19 pandemic, resulting in delays or suspended deals. While H1 2020 saw a significant slowdown in growth, H2 2020 saw an unexpected return. KPMG and PwC&#8217;s 2021 M&amp;A forecast for Romania suggests that healthy transaction numbers are mapped this year despite the ongoing pandemic.</span></p><p><span data-preserver-spaces="true">As per EY, the expected growth in M&amp;A activity is driven by the fact that nearly two-thirds (62%) of CEOs globally believe their organizations must radically transform their operations over the next two years. To achieve this, they are beginning to turn to new technologies, among which the most likely investments in the next two years are:</span></p><ul><li><span data-preserver-spaces="true"> <strong>IoT (67%),</strong></span></li><li><strong>Artificial Intelligence (64%) and</strong></li><li><strong>Cloud computing (61%).</strong></li></ul><p><span data-preserver-spaces="true"> </span></p><p><span data-preserver-spaces="true"><b>Fifty-two percent</b> of CEOs who have dived into the digital space through M&amp;A with Romanian companies said the approach exceeded expectations, and <b>45%</b> reported similarly on tech partnerships, expecting more deals, corporate venture capital, and investments in 2021. </span></p><p><em><span data-preserver-spaces="true">We&#8217;ll make sure to update you on whether their expectations were met once the 2021 stats and figures have been released.</span></em></p><h4>Some of the most notable deals on the Romanian M&amp;A scene in 2021</h4><p><strong>January 2021: ThoughtWorks acquires Gemini</strong></p><p><span data-preserver-spaces="true">A global software consulting firm ThoughtWorks, backed by private equity firm Apax Partners, acquired Gemini Solutions, a privately held software development and consulting services firm based in Silicon Valley. The terms of the deal were not disclosed. Gemini Solutions was founded in 2005 and provides software and product development services. The company has over 170 employees, including software engineers and operations staff </span><a class="editor-rtfLink" href="https://www.thoughtworks.com/about-us/news/2021/thoughtworks-acquires-gemini-solutions" target="_blank" rel="noopener"><span data-preserver-spaces="true">based in Romania</span></a><span data-preserver-spaces="true"> &#8220;covering a broad spectrum of technologies across the entire software product development life cycle&#8221;. </span></p><p><span data-preserver-spaces="true">This M&amp;A resulted in the establishment of Thoughtworks Romania with the Gemini Solutions team at its core.</span></p><p><strong>February 2021: Orion acquires Tellence</strong></p><p><span data-preserver-spaces="true">New Jersey-based Orion Innovation, backed by private equity firm One Equity Partners (OEP), acquired Tellence Technologies, a technology services company headquartered in Bucharest. Tellence, founded in 2012, develops digital technologies for companies in telecommunications and media, cybersecurity, and other industries. The financial terms of the deal were not disclosed.</span></p><p><strong>April 2021: Wipro acquires Metro Systems</strong></p><p><span data-preserver-spaces="true">IT services giant Wipro has announced the completion of the $63 million acquisition of Metro-NOM GMBH and Metro Systems Romania SRL as part of its digital and IT partnership with Metro AG.</span></p>								</div>
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									<p><span data-preserver-spaces="true">Our research shows that Romania is an Outsourcing 4.0 ready destination due to the following facts:</span></p><ul><li><span data-preserver-spaces="true">It provides foreign companies an opportunity to tap into a massive pool of software engineering talent with the most in-demand Industry 4.0 skills such as cyber security, IoT, and AI.</span></li><li><span data-preserver-spaces="true">Romania has an ICT-focused educational system that helps keep the pool sustainable and refreshable.</span></li><li><span data-preserver-spaces="true">Romanian IT service providers help develop and nurture future-ready talent through innovative initiatives such as quantum computing training, encryption, etc.</span></li><li><span data-preserver-spaces="true">Many Romanian outsourcing companies become more mature by turning from just coding service providers into consultancies with in-depth knowledge focused on developing long-term strategic tech partnerships with foreign customers and helping them build internal expertise.</span></li><li><span data-preserver-spaces="true">Romanian R&amp;D landscape attracts companies from advanced tech-driven industries that critically need to create new business cases and experiment with the latest technologies.</span></li></ul><p> </p><p><span data-preserver-spaces="true">Wrapping up, the Romanian ICT sector can become a one-stop shop for foreign investors, assisting and advising international companies and startups on cutting-edge project implementation and evolution.</span></p>								</div>
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		<p>The post <a href="https://www.rinf.tech/romania-as-an-it-outsourcing-4-0-destination-market-overview/">Romania as an IT Outsourcing 4.0 Destination: Market Overview</a> appeared first on <a href="https://www.rinf.tech">rinf.tech</a>.</p>
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