2021 is already in and we are witnessing significant changes in the IT outsourcing world. Businesses are becoming more responsive to unprecedented risks and are using excellent tools to handle uncertainties. This is possible due to the gearing up of the IT Industry and its outsourcing benefits. Let us check what it has in the bag as trends for 2021.
Top IT Outsourcing Trends in 2021
IT services have a compounded annual growth rate of 5%. It has already crossed US$ 220 Billion at the end of 2020 and will grow more in the upcoming future. Companies will outsource even more to meet their immediate requirements and also to save on resources.
Here is a list of trends of 2021 you are looking for:
- Cloud technology will become mandatory
Due to the pandemic situation, almost every company suffered loss as the entire business process halted. This has provided immense inertia to the companies to imbibe cloud technologies so that data can be accessed anywhere anytime and business can be conducted smoothly. - Data-driven AI platforms will emerge more
2020 was earmarked as the year of data. This year it will be data-driven AI platforms. Hence, businesses will see a better future in terms of AI. Risk mitigation and better decisions will surface with the aid of such platforms. The use of AI tools will impact the industry magnificently. PwC foresees that AI can boost the global economy to US$ 15 Trillion by the end of this decade. Automation will also be another reason for such humongous growth. - Native apps and web apps will grow exponentially
The increase in the number of smartphone users across the world shows how native app and web app development will become a priority even this year. Making purchases, seeking information, transferring money, conducting business, supporting lifestyle activities, etc will become easier and convenient. - Security is and will be the prime concern
Now that you have felt that almost everything can be done using a smartphone, you can also realize that sensitive information will also be stored in the applications and phone storage. Hence, information security will become a prominent requirement in the upcoming years. Great changes will be witnessed in the terms and conditions of all software agreements.
These are the prominent changes we will witness in 2021. Data engineering will be a promising career this year. Companies will outsource more for better innovations.
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