Top IT Outsourcing Trends for 2019

Top Software Outsourcing Trends for 2019

The demand for contract IT talent will increase as more businesses take advantage of outsourcing instead of hiring specialists in-house. Here's few of the future IT outsourcing trends that you can watch in 2019.

As the gig economy grows, more and more businesses will look to hire independent contractors for their IT and software development needs. For software developers and businesses, understanding the future trends in the IT outsourcing is important for succeeding in the industry. Here are a few of the future IT outsourcing trends to watch in 2019:

Less focus on reducing costs

Outsourcing development is and will always be about cost reduction. However, this alone will not be the deciding factor when it comes to choosing a offshore software development partner. The relationship between the outsourced software developer and the client will become more human-driven and about process, rather than being solely price-oriented.
The client will focus more on getting a quality product delivered. IT outsourcing companies will become the partners and system integrators for their clients. The risks of the project will be shared, and the outsourced talent will focus on offering value-added services to the client.

Offshore software development risks

Offshore Outsourcing software development is a concept immediately thought of by businesses as a huge money-saver. It is a practice used by different companies in an attempt to reduce costs, by transferring portions of work to international suppliers rather than completing it internally. This means businesses start to consider offshore outsourcing to software companies incountries like Vietnam and India, due to their lower wages and running costs. While offshore software development outsourcing often make claims suggesting they are 80% cheaper per hour, outsourcing software has many hidden and costly risks that can add up to a more costly bill than anticipated.

Why businesses should be putting mobile app development first?

Everywhere you go these days, you see people in the same posture: head bowed, barely perceptible movement, eyes focused downward. They're all doing the same thing, peering intently at a mobile device—at an application made possible by mobile developers.

Mobile is now the dominant way that people interact with the Internet, as Andreesen Horowitz's Benedict Evans points out in his presentation "Mobile is eating the world." It's not surprising, then, that mobile app development is becoming a critical enterprise IT skill. So why do so many IT organizations still outsource it?

While mobile has been a force in Internet use since 2007, when the iPhone launched, today it is the clear leader in Internet client devices. And mobile is only going to get more dominant as more people shift more of their Internet activity to phones and, crucially, as much of the rest of the world adopts smartphones as their initial—and only—Internet device.

AI and Machine Learning in Financial Services

The Future is here- AI and Machine Learning in Financial Services

What is the difference between AI and Machine Learning? 

AI is the concept of machines performing tasks that are characteristic of human intelligence — it is the all-encompassing phase that is highlighted in multiple Sci-Fi movies like Terminator, Matrix, etc. The concept of AI is to address things like recognizing objects and sounds, learning, planning and problem solving.

Today most of the AI used in a business context is specific to one area, it displays characteristics of the human intelligence in one specific area like sound, image recognition or problem solving. The evolution of AI to replicate multiple aspects of human intelligence is the next stage in its evolution and that is the focus of new emerging AI initiatives across industries.