The blockchain technology sector is one of the hottest trend due to its tremendous value. However, with every opportunity comes a challenge, and for startups in this industry, it’s rapidly becoming harder to find and more importantly keep talented people thanks to the high demand and the skills gap.This shortage has existed due to what can only be described as rapid changes in the field due to a renewed drive in digital technological changes, which in fields like blockchain has created a steep rise in costs that made specialist staff and maintaining them full time difficult, especially when considering the decreased workload which has accompanied such changes.
The financial position of businesses has also been further impacted by the impact of the Covid-19 pandemic, where the costs incurred from such technological change only accelerated when there was no longer the demand to keep companies being able to afford the workforce. To detach themselves from such burden, business methods have now focused on more budget friendly means such as outsourcing, in the attempt to become more agile and better serve their clients on a smaller spending capBut solving the issue isn’t quite that simple, as the focus of the business is affected by these changes in the state of operations.
Tackling the problem focuses on the ability to sourcing staff with a deep talent focus that allows businesses to connect IT teams with corresponding software teams quicker and with less cost or overheads versus traditional means. Digitalisation has created the ability to innovate and become more resilient with more competition of a higher quality and the in demand for staff able to work effectively, making it much harder to attract the right calibre of staff in an affordable manner due to the lack of these skilled workers. This makes the ability to partner with firms providing such talent crucial, needing to create solutions that allow this need to be filled as soon as the demand exists, especially as competitors may have the ability to move quicker and dominate.
Outsourcing has now become the need to survive, rather than being the innovative alternative it was once seen to be. More traditional, fixed businesses are no longer able to avoid the uptake, with the pandemic opening the minds of many, as the obligation to work from home meant that 51% now apply that arrangement to their situation, up from 31% and expected to reach up to 81% by the time the market finally settles.
Development partnerships are helping to fix the issues faced in the past, and companies such as Aciety have provided a pre-vetted supply solution that responds effectively to the needs of the market, while minimising the security risks and the concerns surrounding ineffective staff, leading to employers feeling less like they are compromising on their aims by changing their existing operational strategies.
This has meant that the pressure of the developing market is being settled by the constantly growing list of working partners who can alleviate the risks that they could be operating more affectively whilst continuing to challenge and be effective in their practices.
In fact, there is a reduced risk factor through taking the opportunity to outsource, with it creating flexibility and agility in market movements, renewing focus into the necessary outcome without needing to personally control or personally run the process of motivating and assessing the workers responsible for the output.
Software application development is seen as the most frequently outsourced function among the many sectors of IT, therefore helping to evidence the future of the industry, with expectations meaning that the market is expected to grow continuously until 2025, which will signal 10 years of consistent development.
The question of when companies will need to outsource is one with many variable factors, many of which already face the majority of those operating in the market today. These could range from the lack of available staff when dedicated developers are needed, having only short-term contract needs, lacking any real talent pool and when the demand for your services strikes quickly.
Some of the most important factors to consider are filling skills gaps, where expertise can be sourced at lower costs, when businesses are in a period of acceleration and when the cost is a significant factor. Acceleration comes as over 80% of the companies need to increase their innovation to be resilient and competitive to meet market needs, whilst cost is crucial when reducing time and expense expenditure, while retaining access to equal or greater skillsets.
Aciety has found the solution to how companies can handle this Talent revolution – create a network of professionals with needed skill sets, especially in Blockchain programming. Aciety network consists of the cooperation of leading software development companies with clients having access to more than 1,600 software businesses (about 100,000 programmers in the database). This network contains more than 15,600 technical competencies. With this network of dedicated developers, businesses can minimize Software Development Costs by 40%
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