4 Successful Smart IT Outsourcing Case Studies From The World-Famous Brands
IT outsourcing is a proven method to save your IT operational costs. In layman terms, it is paying only for what matters to your business revenue, such as the product or the application development cost and not for the resources training and management.
However, the success of IT outsourcing depends on everything that you don’t pay for.
Irony isn’t it?
And that is why outsourcing the IT projects half-way across the world seems very scary. If you are not convinced of the fact “Outsourcing save cost and gives a quick success”, the article below should give you a valid reason.
Although many times, people have claimed that they have had more headaches rather the smiles. They could not figure out in rational terms about the issues and the problems. It is because of some unbalanced practices adopted in outsourcing. There are many ways to outsource like a pro.
At Stutzen, one of the best ways we follow is “Smart IT Outsourcing”. An approach we framed by a consistent, constant and concerned improvisation in the practice. The ultimate of outsourcing is to have a head start in your business and pace up in a meaningful direction.
You would have had a bad experience in outsourcing before or convinced because you someone told their bad experiences with outsourcing. But we have some successful IT outsourcing case studies from the world-famous brands who beat their competition in the global market by outsourcing their IT projects.
4 successful smart IT outsourcing case studies from the world-famous brands
1. Slack slays their competition like nobody else
An American cloud-based collaboration tool started in 2013. The company makes business by their integration system, that lets your sales and customer service to collaborate through an instant messaging platform. The idea is to have all the notifications pushed into one centralized location and the corresponding team can pick up their relevant notification and takes the required action
The company pushed its whole development, from logo creation to the entire beta version of their product to their remote offshore team in Canada. Their web development, designing, and mobile applications were all tested and perfected by their offshore team and it raised their investment up to $250 million dollars. Later in August 2018, their valuation raised up to $7.1 billion dollar
Slack has a proven method on how you can outsource your software needs and succeed in it. Their idea to get consistent feedback on their each development module hacked their growth, and they reached up to 15,000 users within 2 weeks.
Only by understanding the concept, “Do what you well and outsource the rest” the CEO Stewart Butterfield nailed the growth of his company.
2. WhatsApp is a living legend of IT outsourcing stories
For many of you might think, WhatsApp got an overnight success. It is not. Some of you would have seen their journey and the evolution of their product— the online messaging platform.
WhatsApp outsourced their whole product development to a team in Russia and they only focussed in marketing, raising investments and setting up meetings with the sponsors. Not to mention their competition with IM and Facebook Messenger was already overwhelming. The only aim of the founders Jan and Brian were to get the best IT experts and explain them with their crystal clear requirements.
The in-house was concentrating on customer support and operations. Within 3 years there were 50 million downloads, and it got to the place in the “Hall Of Fame”. We all know then Facebook bought the app in 2014 for $19 billion dollars. It is inspiring to know that their investment was only rounded up to $250,000.
3. Citigroup cuts a quarter of its jobs to gain more profits
Citi is one of the world-famous, financial services hailing from America. From 1992, the enterprises have outsourced all of their technical needs. They have their successful offshore teams from MNC’s like TCS, WIPRO.
They have the offshore development centers in India, Philippines, and Poland. In 2012, CitiGroup cut down 11,000 jobs at its HQ and 25% of them are IT-related ones. From their vast experience in the past, they have established their success through smart IT outsourcing tactics and techniques.
This giant set an example for the rest of his competitors like Bank of America, Barclays, Goldman Sachs, and J.P. Morgan.
4. Klout scores first in their market industry by successful IT outsourcing
It is a startup company, an influencer ranking platform that awards score points to influencers based on standard sets of criteria. The founder Joe Fernandez, went to Singapore and hired his own customized development team with a handful of developers and IT specialists.
He dedicated his entire time of about 4 months to his offshore team and transformed his product’s beta version to a different dimension that attracted a lot of influencers. In 4 years they attracted funding of about $40 million and Lithium Technologies bought them for $200 million in 2014.
For startups out there, Klout sends a message— you need only an idea, and the rest is possible through IT outsourcing.
Well, I hope you are convinced of the fact that IT outsourcing is a smart idea for reaching up to heights. The case studies show that be it you are a new budding firm, or an already established firm outsourcing your IT builds success to your firm in a very short period. Cutting down the cost can be a good aim to outsource but the ultimate aim is to leverage profits.