Value is lost when organisations are unable to improve their management of contractual obligations, changes in contract and supplier relationships. Thankfully, better technology, such as automation, can step in at this point to help monitor and manage the many elements of contract lifecycles.
This as a result brings into question the ideal of Nordic mega-outsourcing deals to find new IT talent, which have ranged over €100 million, according to KPMG. With better contract management technology and issues with vendor locking-in and competitive pricing, multi-sourcing might provide more flexibility in finding talent with domain-specific knowledge. For this reason, organisations are increasing their use of multi-sourcing to better access top talent.
As digital growth spikes upward, the competition for on-demand IT talent outsourcing will take on new technologies, management and cost considerations. Organisations that keep up with the trends, such as automation, multi-sourcing and improving operating models, will excel in their hunt for talent.
Building dedicated development teams with Ultiro
Ultiro is an IT company based in Sweden that supports Nordic businesses and organizations create innovative dedicated development teams with global tech talent. Ultiro’s offshore development centres keep organisations up-to-date with the right software development, IT environments and technologies to help businesses create more business value.