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Case Study: Leveraging Offshore Talent for Enhanced Managed IT Services
Client: NetToNet Solutions (https://nettonetsolutions.com.au/)
Introduction: NetToNet Solutions is a prominent provider of Managed IT services catering to clients across Australia. With a commitment to excellence and a growing client base, they recognized the need for expanding their workforce to meet the increasing demands for IT services. That’s where Webco Talent stepped in to provide tailored offshore staffing solutions.
Challenges: As the demand for Managed IT services continued to grow, NetToNet Solutions faced several challenges, including:
- Rapid Expansion: The need for additional IT personnel to manage the increasing workload.
- Cost-Effective Solutions: Ensuring cost-effectiveness without compromising service quality.
- Quality Talent Acquisition: The challenge of recruiting skilled professionals with the right expertise.
Solution: To address these challenges, NetToNet Solutions partnered with Webco Talent, a reputable offshore services provider based in Australia. Webco Talent recruited and deployed six IT staff, including Level 1 and Level 2 professionals, based in Sri Lanka. This strategic collaboration proved to be a game-changer for NetToNet Solutions in several ways:
- Cost-Efficiency: By leveraging offshore talent, NetToNet Solutions reduced operational costs significantly, allowing for more competitive pricing while maintaining profitability.
- Scalability: With the flexibility of the offshore team, NetToNet Solutions could easily scale up or down based on the fluctuating demand, ensuring resources were always aligned with business requirements.
- Quality Assurance: Webco Talent’s rigorous recruitment process ensured that the offshore team possessed the required skill set, expertise, and commitment to deliver high-quality services.
- Round-the-Clock Support: The distributed teams in different time zones allowed for 24/7 support, enhancing customer satisfaction.
Results: The CEO of NetToNet Solutions Jay Phillips is not just satisfied but ecstatic about the offshore services offered by Webco Talent stating that “By offshoring some of our IT managed services via Webco Talent, not only were we able to save ~30% OPEX cost, but we were also able to pass some of these benefits to customers and be competitive in the market to win new business and expand on our existing relationships.
The collaboration has delivered tangible results, including:
- Enhanced Efficiency: The offshore team efficiently handles routine tasks and Level 1 support, allowing onshore staff to focus on more complex issues and strategic projects.
- Cost Savings: The reduction in operational costs has directly contributed to increased profitability and competitiveness in the market.
- Improved Customer Satisfaction: With a 24/7 support model and more resources available, NetToNet Solutions can provide faster responses and resolutions to their clients, resulting in higher customer satisfaction rates.
- Streamlined Growth: The partnership has paved the way for NetToNet Solutions to expand its client base and service offerings while maintaining cost-effectiveness.
Conclusion: NetToNet Solutions’ journey with Webco Talent demonstrates the transformative power of offshore staffing when handled by a reliable partner. By collaborating with Webco Talent, they not only achieved their operational goals but also experienced increased customer satisfaction and a substantial impact on their bottom line. The CEO of NetToNet Solutions Jay Phillips couldn’t be happier with the positive outcomes delivered by this partnership, solidifying Webco Talent as a strategic asset in their growth and success story.
Why Microsoft 365 Dynamics Copilot is the ultimate productivity booster for businesses!
As businesses grow and expand, the amount of data and tasks they need to manage can become overwhelming. Fortunately, Microsoft 365 Dynamics Copilot is here to help. This powerful tool is designed to boost productivity and streamline operations, making it a must-have for businesses of all sizes.
In this blog post, we’ll take a closer look at Microsoft 365 Dynamics Copilot and explore why it’s the ultimate productivity booster for businesses.
What is Microsoft 365 Dynamics Copilot?
First, let’s define what Microsoft 365 Dynamics Copilot is. Essentially, it’s a tool that helps businesses manage and automate their processes within Microsoft Dynamics 365. This includes everything from data entry to reporting and analytics.
One of the key benefits of Microsoft 365 Dynamics Copilot is that it’s highly customizable. Businesses can tailor the tool to meet their specific needs and workflows. This makes it an ideal solution for businesses of all sizes and industries.
How Microsoft 365 Dynamics Copilot Boosts Productivity
So, how does Microsoft 365 Dynamics Copilot boost productivity? Let’s take a look at some of the key features and benefits:
Streamlined data entry and automation
One of the biggest time-savers offered by Microsoft 365 Dynamics Copilot is its ability to automate data entry. By using intelligent algorithms and machine learning, the tool can auto-populate fields and eliminate the need for manual data entry. This frees up employees to focus on other, more high-value tasks.
Seamless collaboration and communication
Microsoft 365 Dynamics Copilot also promotes collaboration and communication within teams. The tool allows multiple users to work on the same record simultaneously, ensuring that everyone is on the same page. Additionally, users can leave comments and notes within the system, keeping important information organized and easily accessible.
Data-driven insights and decision-making
One of the most powerful features of Microsoft 365 Dynamics Copilot is its ability to provide data-driven insights. The tool can generate reports and analytics based on the data entered into the system, allowing businesses to make more informed decisions. This can lead to greater efficiency, cost savings, and overall productivity.
Customizable and scalable solutions
Finally, Microsoft 365 Dynamics Copilot is highly customizable and scalable. Businesses can tailor the tool to meet their specific needs, whether that means creating custom workflows, reports, or dashboards. Additionally, as businesses grow and expand, the tool can grow with them, ensuring that it remains an effective productivity booster over time.
Real-world Examples of Productivity Boosting
Of course, the benefits of Microsoft 365 Dynamics Copilot are best illustrated through real-world examples. Here are a few case studies of businesses that have successfully implemented the tool:
- A manufacturing company used Microsoft 365 Dynamics Copilot to streamline its inventory management processes, resulting in a 50% reduction in the time it takes to process orders.
- A financial services firm used the tool to automate its data entry processes, freeing up employees to focus on more high-value tasks. This led to a 25% increase in productivity.
- A healthcare provider used Microsoft 365 Dynamics Copilot to generate real-time reports and analytics, allowing them to identify and address inefficiencies in their operations. This resulted in a 15% reduction in costs.
Conclusion
In conclusion, Microsoft 365 Dynamics Copilot is a powerful tool that can significantly boost productivity for businesses. Its ability to streamline data entry, promote collaboration and communication, provide data-driven insights, and offer customizable and scalable solutions makes it a must-have for any organization looking to increase efficiency and reduce costs.
If you’re interested in learning more about how Microsoft 365 Dynamics Copilot can benefit your business, be sure to chat with the ERP and CRM experts Webco Talent.
#webco #crm #erp #copilot #dynamics365 #webcotalent #microsoft
Driving Growth through Feedback: The Key to Customer-Centric Software Development
In today’s digital landscape, delivering exceptional user experiences is more critical than ever, and incorporating feedback into the software development process is a game-changer. Let’s dive in!
🎯 Understanding the Customer
To begin, it’s essential to truly understand your customers. Define your target audience and create user personas. Gather valuable insights through surveys, interviews, and user analytics. By putting yourself in the shoes of your users, you can gain a deeper understanding of their needs, preferences, and pain points.
🔄 Incorporating Feedback Loops
Next, establish feedback loops within your development process. Create channels that allow customers to provide input, such as feedback forms, customer support interactions, and user community platforms. Actively seek and encourage feedback from your users, as it serves as a valuable source of information for making informed decisions.
🔍 Analysing and Prioritizing Feedback
With a wealth of feedback in your hands, it’s important to develop strategies for analysing and prioritizing it effectively. Categorize and evaluate customer feedback, and identify trends and patterns. Data-driven approaches help identify actionable insights that can drive impactful changes.
🚀 Agile Development and Iterative Improvements
Adopting agile principles enables your team to be responsive to customer feedback. Embrace an iterative development cycle, where you continuously iterate, release, and gather feedback. This iterative approach allows you to address customer needs quickly, adapt to changing requirements, and continuously improve your software. This is where Webco Talent really shines as our software developers and QA testers are true masters of agile principles and mythologies.
🤝 Collaborating with Customers
Engaging customers as active participants in the development process can yield tremendous benefits. Encourage open communication, seek user involvement in beta testing, and leverage user communities to facilitate discussions and gather feedback. Collaborating with customers fosters a sense of ownership, creates advocates, and helps build better products.
⚡ Addressing Customer Pain Points
Identify common pain points through feedback analysis. By proactively addressing customer issues, you demonstrate your commitment to their satisfaction. Swiftly resolve problems, improve usability, and enhance the overall user experience. Your customers will appreciate the responsiveness and enjoy a more seamless interaction with your software.
📈 Measuring Success and Impact
Establish key performance indicators (KPIs) to measure the impact of customer feedback on your software development efforts. Track metrics such as user satisfaction, adoption rates, and customer retention. By quantifying the impact, you can identify areas of success and further areas for improvement.
🌱 Nurturing a Feedback Culture
Building a feedback culture is crucial for long-term success. Encourage every team member to embrace and value customer feedback. Foster communication and collaboration between development teams, customer support, and product management. By instilling a feedback-driven mindset, you create an environment where continuous improvement becomes the norm.
🔍 Case Studies and Success Stories
Looking for inspiration? We have helped a number of organizations in Australia to successfully implement customer-centric software development practices through our staff.
One of the online retailers we supported, actively engaged their customers through a dedicated feedback platform. Through this, they were able to gain valuable insights into their software’s usability and performance. Based on the feedback received, they identified recurring issues and promptly addressed them in subsequent updates. This customer-centric approach resulted in a significant reduction in support tickets, increased user satisfaction, and ultimately, higher user retention rates and recurring revenue for their business.
A start-up online fitness company who engaged us for their software development, recognized the importance of feedback early on in their development process. They actively involved their early adopters and beta testers in shaping the product roadmap through continuous feedback loops. This collaborative approach not only led to product improvements but also created a strong community of passionate users who became loyal advocates for their software. As a result, they experienced rapid growth and widespread adoption within their target market.
In conclusion, adopting a customer-centric approach and embracing feedback as an integral part of the software development process can revolutionize your organization. By truly understanding your customers, incorporating feedback loops, and collaborating with users, you unlock the potential for continuous improvement, enhanced user experiences, and ultimately, increased success.
Navigating the Inflation Storm: How Offshoring Can Help IT Budgets Stay Afloat
With the global economy experiencing a wave of inflation, businesses in Australia are feeling the pinch, especially when it comes to managing IT budgets. Inflation can lead to an increase in the cost of goods and services, including technology hardware, software, and IT services. This can make it difficult for IT departments to manage their budgets and invest in innovation. In this post, we will explore how offshoring can help Australian businesses navigate the inflation storm and stay afloat.
The Benefits of Offshoring for IT Departments
Offshoring refers to the practice of outsourcing business processes to a foreign country. There are many benefits to offshoring for IT departments, including:
- Cost savings: By offshoring certain functions, companies can often achieve significant cost savings. This is because the cost of labour in some countries, such as Sri Lanka, is much lower than in Australia.
- Access to a larger talent pool: Offshoring can provide access to a wider pool of skilled IT professionals. This can be especially valuable for companies that need to hire specialized or niche skill sets.
- Focus on core business functions: By offshoring non-core functions, such as Software Development, QA Testing and IT support, companies can free up resources to focus on strategic initiatives that can help drive growth and innovation.
Offshoring Strategies for Managing IT Costs During Inflation
While offshoring can be a powerful tool for managing IT costs during times of inflation, it is important to approach it strategically. Here are some strategies that Australian businesses can use to implement offshoring effectively:
- Identify cost-effective outsourcing destinations: Some countries, such as India and Sri Lanka, are known for their cost-effective IT services. By carefully evaluating these outsourcing destinations, companies can identify the ones that best align with their budget and requirements.
- Set clear expectations and metrics for offshore teams: It is important to set clear expectations for offshore teams to ensure that they deliver quality work that meets business requirements. This can include defining project timelines, quality standards, and performance metrics.
- Ensure effective communication between onshore and offshore teams: Communication is key to the success of offshore projects. Companies should establish effective communication channels between onshore and offshore teams to ensure that everyone is aligned and working towards common goals.
How Offshoring Has Helped Australian Companies Navigate Inflation
Let’s take a look at some examples of how Australian companies have successfully used offshoring to manage IT costs during times of inflation.
Rio Tinto: Rio Tinto, a global mining company, turned to offshoring to manage its IT costs during a period of economic uncertainty. By outsourcing IT support to a provider in South Asia, the company was able to achieve cost savings of up to 50% while maintaining a high level of service quality.
Cochlear: Cochlear, a leading provider of hearing implants, used offshoring to support the development of its software and systems. By leveraging a team of developers in South Asia, the company was able to accelerate its development timeline and reduce costs by up to 30%.
In conclusion, offshoring can be a powerful tool for Australian businesses looking to manage their IT budgets during times of inflation. By leveraging the benefits of offshoring and implementing effective strategies, companies can achieve significant cost savings while maintaining a high level of service quality. As the global economy continues to navigate the inflation storm, offshoring is a strategic tool that businesses should consider to stay afloat. Speak to Webco Talent on how we can assist with your IT offshoring and projects to save you money and the headache of finding the right talent in Australia.
Unlocking the Power of ChatGPT: A Developer’s Guide to Prompts, Priming, and Personas
If you’re a developer interested in natural language generation, you may have heard of ChatGPT. ChatGPT is a language model developed by OpenAI, based on the GPT architecture. With ChatGPT, you can generate human-like text that is accurate and relevant to the context provided. However, to fully utilize the power of ChatGPT, you need to understand prompts, priming, and personas.
Understanding Prompts
Prompts are the starting points for generating text with ChatGPT. They are the pieces of text that you provide to ChatGPT to get it to generate more text. When you provide a prompt to ChatGPT, it uses the context of the prompt to generate text that follows on from it.
For example, if your prompt is “Once upon a time,” ChatGPT might generate the text “there was a beautiful princess who lived in a castle.” As a developer, you can use prompts to generate text that follows a specific structure or theme.
Priming
Priming is the act of providing additional information to ChatGPT to help it generate more accurate or relevant text. For example, if you want to generate text about a specific topic, you might prime ChatGPT with some related keywords or phrases.
Here’s an example: Let’s say you want to generate some text about dogs. You could prime ChatGPT with the following phrase: “Tell me about dogs.” ChatGPT will then use that prompt and generate text about dogs. However, if you want to provide additional context, you could prime ChatGPT with more specific information such as “I want to know about the history of dog breeds.”
By priming ChatGPT, you can improve the accuracy and relevance of generated text.
Personas
Personas are fictional characters that are used to simulate human interaction with ChatGPT. You can create different personas to see how ChatGPT would respond to different types of people.
For example, you could create a persona of a curious child and ask ChatGPT questions such as “What is the meaning of life?” or “Why is the sky blue?” ChatGPT will respond as if it is talking to a curious child.
By using personas, you can simulate human interaction with ChatGPT and see how it responds to different types of people. This can be useful for developing conversational agents or chatbots.
Final Thoughts…
Prompts, priming, and personas are important concepts to understand when using ChatGPT as a developer. By providing prompts and priming ChatGPT with additional information, you can generate more accurate and relevant text. And by using personas, you can simulate human interaction with ChatGPT to see how it responds to different types of people.
If you’re interested in developing conversational agents or chatbots, or if you simply want to explore the capabilities of natural language generation, ChatGPT is an excellent tool to consider. With a good understanding of prompts, priming, and personas, you can unlock the power of ChatGPT and generate text that is accurate, relevant, and human-like.
At Webco Talent, we pride ourselves on being at the forefront of technology, leveraging tools such as ChatGPT to automate our development and testing processes. By utilizing cutting-edge AI technology, we strive to deliver the best-of-breed innovation to our customers. Interested in joining a cool team? Visit our careers page to apply!
How Australian Businesses can Reduce Operational Costs with a Dedicated Remote Software Development Team
Outsourcing is becoming increasingly popular as a cost-effective way for businesses in Australia to access the skills and resources they need without the overhead of hiring a full-time employee. There are several benefits to outsourcing, including reduced labour costs, access to expert talent, and greater flexibility. However, the cost savings of outsourcing can be significant, and when combined with the right strategy, can help businesses to reduce operational costs and increase profits. In this article, we’ll explore why outsourcing is a valuable option for Australian businesses, the cost savings of outsourcing, and how to reduce operational costs with a dedicated remote team.
What is Outsourcing?
Outsourcing is the process of hiring a third-party provider to take on tasks or roles that would otherwise be handled in-house. This can be done either on a short-term basis or as a long-term strategic partnership. Outsourcing is often used to access the skills and resources of a specialized team while avoiding the overhead of hiring and maintaining a full-time staff. By outsourcing, businesses can reduce labour costs, minimize overhead, and access specialized talent.
The most common types of outsourcing found in Australia include software development, QA testing, website design and development, customer service, and IT services. These are all services that require specialized skills and resources, and outsourcing can provide access to these resources at a fraction of the cost of hiring a full-time staff.
Cost Savings of Outsourcing
Cost savings is considered a key driver for outsourcing by most Australian companies. Outsourcing can provide access to specialized skills and expertise that may not be available in-house at a fraction of the cost, especially in south Asian countries. This can lead to significant cost savings, both in the short-term and long-term.
One way to reduce operational costs through outsourcing is to hire a dedicated remote team. A dedicated remote team is a team of professionals hired to provide a specific service or to take on specific tasks by working off-shore (outside of Australia – typically based in an Asian country where labour is cheap). By working with a dedicated remote team, businesses can access the skills and resources they need without the overhead of hiring a full-time staff. This can lead to significant cost savings, as businesses can access the skills and resources they need without having to pay for benefits, training, or overhead HR costs.
Is it Cheap to Outsource IT services?
The cost of outsourcing IT services can vary depending on the type of services needed and the complexity of the project. IT services can range from developing applications and systems to implementing complex CRM tools. The cost of these services can vary significantly depending on the provider and the type of services needed.
For example, development services can range from $30 an hour for basic development tasks to $70 an hour for more complex tasks. QA testing services can range from $20 an hour for basic setup and maintenance to $50 an hour for more complex tasks. The cost of IT services can also vary depending on the provider, the location of the staff and the type of services they provide. In Australia typically businesses would end up paying three times or more when considering all the overhead costs.
How to Reduce Operational Costs with a Dedicated Remote Team
There are several ways to reduce operational costs with a dedicated remote team. The first step is to work with a provider (ideally based in Australia) who specializes in offering outsourcing staff and identify the skills and resources needed to complete the project.
Once the skills and resources needed have been identified, businesses can begin the process of finding the right team through the help of the outsourcing provider. When selecting an outsourcing provider, businesses should consider factors such as cost, quality of services, and the expertise of the team.
Once the team has been selected, the outsourcing provider will ensure that the team is provided with the tools and resources needed to complete the project. This includes providing the team with access to the right software, resources, and training.
Finally, businesses should work with the right outsourcing partner to ensure that the project is completed to the highest standards. This includes providing feedback and guidance as needed, as well as providing ongoing support and any specialized training for the remote staff they onboard. By working with the dedicated remote team to ensure that the project is completed to the highest standards, businesses can ensure that they are maximizing the cost savings and benefits of outsourcing software development and QA testing services.
Tips for Maximizing Cost Savings Through Outsourcing
When it comes to maximizing the cost savings of outsourcing, there are a few tips Australian businesses should keep in mind. First, businesses should identify their needs and research the various outsourcing providers available. This will help to ensure that the right remote team is chosen and that the project is completed to the highest standards.
Second, businesses should work with the outsourcing provider to ensure that the remote software development team is provided with the tools and resources they need to complete the project. This includes providing access to the right software and systems, resources, and training and implementing a clear communication structure. By providing the team with the right tools and resources, and through effective communication, businesses can ensure that the project is completed efficiently and on time.
Third, businesses should ensure that the team is provided with ongoing support and business-specific training. This will ensure that the project is completed to the highest standards and that the team can make the most of their skills and resources.
Finally, businesses should work with the team to ensure that the project is completed to the highest standards. This includes providing feedback and guidance as needed. This way, businesses can ensure that they are maximizing the cost savings and benefits of outsourcing.
Conclusion
Outsourcing is a cost-effective way for Australian businesses to access the skills and resources they need without the overhead of hiring a full-time employee. The cost savings of outsourcing can be significant, and when combined with the right strategy, can help businesses to reduce operational costs and increase profits. A dedicated remote team can be an effective way to reduce operational costs, as businesses can access the skills and resources they need without the overhead of hiring a full-time staff. By following the tips outlined above, businesses can maximize the cost savings and benefits of outsourcing.
If you’re looking to reduce operational costs with a dedicated remote team, Webco Talent can help. Our team of expert software developers and QA testers can provide you with the skills you need to complete your project at a fraction of the cost. Deploy your dedicated software development and testing team rapidly with minimal operational cost with Webco Talent.
Unlocking the Benefits of Offshoring Software Development: How Australian Tech Companies are Finding Success in Sri Lanka
Offshoring software development is becoming an increasingly popular option for tech companies in Australia. By leveraging the talent and expertise available in Sri Lanka, these companies can save time and money while accessing talented resources, the latest technologies and best practices. In this blog post, we will discuss the benefits of offshoring software development, how to choose the right offshoring partner and how Australian tech companies are finding success in Sri Lanka.
Introduction to Offshoring Software Development
Offshoring software development is the process of outsourcing the development of software to a third-party vendor located in a different geographical region. It also can come in the form of IT augmentation where offshore resources are used in your project. This is typically done to reduce costs, gain access to specialized skills, and speed up the development process. It can also be used to access the latest technologies and best practices, as well as for Australian companies to grow into new markets such as Asia.
In recent years, offshoring software development has become increasingly popular among tech companies in Australia. By leveraging the expertise and talent available in Sri Lanka, these companies can save time and money. Additionally, they can access the latest technologies and best practices, as well as tap into new markets.
Benefits of Offshoring Software Development
The benefits of offshoring software development are numerous. First and foremost, it can reduce costs significantly. By offshoring development to a third-party vendor located in a different geographical region such as south Asia, companies can access talent and expertise at a much lower cost than if they were to hire full-time employees in-house within Australia. Additionally, since the process is outsourced to a third-party vendor, companies can avoid the overhead costs associated with managing a development team such as HR and real estate costs.
Also, by offshoring software development resourcing to a third-party vendor and having the flexibility to scale up or down as required companies can reduce the time to market, which can lead to quicker product releases and improved customer satisfaction.
Tips for selecting a Software Development Offshoring Partner
Selecting the right vendor for augmenting your IT team in Australia can be a challenge for businesses that are unfamiliar with the concept of offshoring. Here are a few tips to help businesses get started:
- Develop a good understanding of the software development offshoring industry and its players. This includes researching the different companies and organizations involved, you may find smaller start-ups can be more attractive than the traditional (big) players who have been just “body-shops” mainly targeting their own profits.
- Connect with the local tech community. This can be done by attending networking events and joining local tech groups. This way you can understand some of the models they use currently and obtain feedback on offshoring vendors.
- Identify potential outsourcing vendors. Companies should carefully research potential vendors to ensure that they have the expertise and talent needed to complete the project. Additionally, they should ensure that the vendor has a good track record and references from previous clients as well as being based locally in Australia for convenience.
- Develop an understanding of the commercial benefits. This might be tax benefits and Forex benefits. Having a local vendor who can manage your IT augmentation will deliver you long term benefits above and beyond the project delivery you’re focusing on.
Webco Talent is an Australian based software development offshoring company who can assist you with hiring dedicated development teams from Sri Lanka at a fraction of the cost. Let’s look at why Sri Lanka is so attractive for selecting IT talent.
The Sri Lankan IT Market
The Sri Lankan IT market is one of the fastest growing in the world. It is home to a highly skilled workforce with expertise in a wide range of technologies. Additionally, the cost of labour is much lower than in other countries such as India, Philippines, or some European countries which make Sri Lanka an attractive option for companies looking to outsource software development and hire software developers and QA testers. In the last decade the country has gained a lot of traction for its technical talent pool and in the last decade alone, the Sri Lankan IT-BPM industry has expanded by 300% to reach $1.2 Billion in export revenue. Software Development and IT services are some of the largest contributors to IT exports in Sri Lanka. The Sri Lankan IT-BPM industry is well on the way to achieve US $5 billion in exports by 2023, creating 250,000 direct jobs and launching 1,500 startups.
Sri Lanka has a 92% literacy rate – well above the global average of 86%. It has an impressive 20+ universities and private higher education centers that produce around 100,000 graduates annually which includes more than 5,000 tech students. English is used as the primary language within Sri Lanka’s business community.
Furthermore, the Sri Lankan government has taken a proactive approach to develop the IT sector. It has invested heavily in the infrastructure and resources needed to support the industry, as well as providing tax incentives to attract foreign investment. Additionally, the government has implemented programs to promote innovation and entrepreneurship, which has helped to create a vibrant tech ecosystem.
Understanding the Sri Lankan Tech Industry
The Sri Lankan tech industry comprises a wide range of companies and organizations, from startups to established multinationals. These companies are involved in a variety of activities, from software development and IT consulting to web design and mobile app development. Additionally, the industry is home to a number of accelerators and incubators, which provide mentorship and resources to help startups get off the ground.
The Sri Lankan tech industry is also home to a vibrant startup ecosystem. There are a number of venture capital firms and angel investors that provide funding to startups, as well as a number of incubators and accelerators that provide mentorship and support. Additionally, the government has implemented several initiatives to promote innovation and entrepreneurship, which has helped to create a thriving startup scene. Sri Lankan IT talent have supplied services for major Fortune 500 companies such as eBay, PayPal, Nike, Expedia, Uber and more and they are at the forefront of innovation.
With over 400+ IT companies, Sri Lanka has over 80,000 IT professionals growing 20% YoY with years of experience in offering IT services mainly application development and QA testing. This growing talent pool offers quick hiring opportunities for Australian businesses at a fraction of the cost they would have to pay for local developers.
How Australian Tech Companies are Finding Success in Sri Lanka
Australian tech companies are finding success in Sri Lanka by leveraging the expertise and talent available in the country’s tech sector with Sri Lanka boasting more than 40% IT literacy rate. With a higher general literacy rate and fluency in English than most of the other countries offering offshore services to Australian businesses, they are finding it easy to communicate with remote teams based in Sri Lanka which results in smooth on-time delivery of the projects. Also, Sri Lanka being one of the few countries having strong IP protection regulations and becoming the first South Asian country to enact comprehensive data protection legislation modeled after European Union’s General Data Protection Regulations (GDPR) Australian business feel safe to deal with remote teams based in Sri Lanka.
Conclusion
In conclusion, offshoring software development is becoming an increasingly popular option for tech companies in Australia. By following the outsourcing partner selection strategies outlined in this blog post, companies can maximize the benefits of offshoring and successfully master IT augmentation to dedicated remote teams. By leveraging the talent and expertise available in Sri Lanka, these companies can save time and money while accessing the latest technologies and best practices.
Use Webco Talent who handpicks the best IT talent from Sri Lanka for your next project so you can seamlessly grow your team without limits. Our office is in the heart of the CBD (Colombo) with superior internet connectivity and generator backed up electricity for offering uninterrupted services to our clients in Australia.
