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In 2021, an ISG research found that companies have spent 40% more on managed services and outsourcing. Outsourcing non-core business operations and processes is a widespread practice for companies of all sizes. The decision to hire software project outsourcing companies is driven primarily by cost savings.

Gallup has an astounding statistic to report. As part of an employee experience survey, they identified employees across different levels from companies operating in different industries. The respondents were asked about the onboarding experience provided by their employer. Guess what? Only 12% chose they “strongly agree” that their employer gave a great onboarding experience.

According to Finance Online Reports, organizations cite efficiency improvements and better decision-making as the top two benefits of Big Data & Analytics. We live in a data-rich age where one primary driver of business success is analyzing and extracting meaningful data from companies' digital insights. Nevertheless, the process and goals of data analysis may differ for different types of organizations.

We no longer belong to a realm where artificial intelligence is a science fiction concept. According to Servion Global Solutions, it is predicted that AI (Artificial Intelligence) will drive 95% of customer experiences by 2025. With the world pacing faster, business leaders are increasingly interested in understanding how AI can improve customer experience.

In June 2022, Siemens Smart Infrastructure (SI) announced one of the largest M&A deals in the history of IoT software by acquiring Brightly Software for $ 1.75 billion. Brightly is a software-as-a-service company offering smart asset management solutions.

Customers need to make informed decisions while choosing the engagement model.
Companies with in-house software development capabilities will benefit from IT Staff
Augmentation and Dedicated Teams for undertaking short-term growth projects.
Software Project Outsourcing is best suited for companies wanting to focus on core
competencies while leveraging the expertise of a software development company for
developing and managing their application portfolio.

According to Gartner, in the next 12 to 18 months, 81% of IT organizations will automate more tasks and workflows. When asked why their company is investing in Robotic Process Automation (RPA), business and IT leaders responded that they want to free up employees who can do higher-value work.

Google Cloud commissioned a report entitled "CIO Guide to Application Modernization." According to this report, 74% of IT spending is on maintaining legacy systems instead of creating new ones. When asked about modernization, business leaders responded that legacy systems "continue to be a drag on innovation."