Master your strengths, outsource your weaknesses

Still running your business with the same old worn-out tires? It is time to change your course and your tires, maximizing business agility through outsourcing, so you can make a quick pivot by mastery of your strengths and outsourcing your weaknesses or other non-core areas so you can keep your business running at full throttle.

Shift towards Predictive Maintenance

Predictive maintenance (PDM) uses data analysis to identify operational anomalies and potential equipment defects, enabling timely repairs before failures occur. It aims to minimize maintenance frequency, avoiding unplanned outages and unnecessary preventive maintenance costs.

If a machine develops a fault, the negative repercussions for a company in terms of both service and finances can be enormous. This is why more and more companies are opting for predictive maintenance, a series of actions and techniques that are applied with the aim of anticipating errors.

With the help of IoT devices, businesses can collect real-time data on the performance of their equipment and machinery. This data can be used to predict when maintenance is required, reducing downtime and improving efficiency. Outsourcing IT services to providers with expertise in predictive analytics will help businesses to make better use of this data and optimize their operations.

AI and generative AI

Open Access Government: Generative AI represents one of the most dynamic trends in enterprise software, revolutionizing how businesses approach problem-solving and innovation. At the heart of this trend is the ability of AI to generate new content, ideas, or data-based insights that can streamline various administrative processes and customer interactions.

AI-powered natural language processing is also applied to automating and personalising customer interactions by generating human-like responses. In content creation, it empowers marketers to produce varied and engaging material at scale, from email campaigns to social media content.

Another significant application of AI is predictive analytics, where generative AI models forecast market trends and consumer behaviour, enabling businesses to make data-driven decisions quickly. AI-driven computer vision solutions can automate inventory tracking, enhance enterprise building security by monitoring suspicious activity, or help automate data entry tasks, processing forms, or identity validation.

Angular and React continue to be best front-end frameworks in 2024

Both frameworks have gained popularity in discussion forums and the developers’ community. These are the technologies that appear most often in job listings that contain Angular. Results are not limited to Front End Frameworks  and can represent technologies that are part of the same stack (IE React, JavaScript, HTML, and CSS) or close competitors in the same category (IE React, Angular, and AngularJS).

In 2024, both frameworks will continue to be the right frameworks for building modern mobile and web applications with component-based architectures.

Remote working: The New Normal for Software Development

Remember the bone structure? It is not a solid structure. It is actually a liquid composition of billion cells.

Each cell has its life cycle. Likewise, each job has its life cycle. For example, one job is obviously characterized by 5 states "DMAIC" (Define, Measure, Analyze, Improve, and Control). Some jobs have a very short life cycle, such as Pre-Sale jobs. Some jobs span longer like QA Lead (shall continue until sustaining period ends).  

Kaizen - Kaikaku - Kakushin is the streamlined roadmap for digital transformation

Kakushin means systematic changes in the system which can sometimes lead to a paradigm shift in the working of the system such that we need to realign our thinking to be more innovative. In the world nowaday, Digital Transformation (DX) is a transformative goal for businesses to make a big leap, so it is Kakushin-based change.

Continuous Delivery: Streamlined solution and best practice for low budget projects

Fix-bid projects are good in terms of both cost and scope creep prevention, but not good in the long run. Customers have to wait for at least 3 months to see their go-live product.

Based on the Time and Material model, continuous delivery is an efficient way to strike the right balance between cost-matters and value-matters.

Outsourcing ERP Implementation - Odoo is the "enhance, not replace" approach for mid-stream and low-stream market

In 2024, we can expect to see Odoo making significant strides in integrating artificial intelligence (AI) and machine learning (ML) into its ERP system. These technologies can be used to enhance various aspects of ERP, such as predictive analytics, demand forecasting, and automation. The adaptation of ERP will become a global trend, and Odoo company is a fully versatile ERP system.

While the large organizations in the high-stream market continue to upgrade their existing systems (SAP, Netsuite, Microsoft Dynamics AX...), there are obvious opportunities for the SME market where the luxury products are not their choice. SME are the pioneers in digital transformation by adopting cost-effective products like Odoo Ecosystem.

Even the SME already owned the legacy ERP systems can also start deploying Odoo by experiencing the specific plugins for the certain demands, such asRisk Management, Task Automation, Asset Management, Lunch Management...

In TIGO, we customize the odoo ERP system tailoring to customer's needs while keeping an eye on the new trends and updates that will shape your business into a better organisation in terms of profits and productivity.  

Augmented Intelligence (AI) is still the streamlined solutions for SME

And while some AI technology is intended to operate autonomously, one of the most useful types of AI — augmented intelligence (also known as intelligence amplification, or IA) — uses machine learning and predictive analytics of data sets not to replace human intelligence, but to enhance it.

Augmented Intelligence is totally different from Artificial Intelligence. Artificial intelligence is the idea of systems using data and predefined rules to operate autonomously. While true autonomous technology doesn't exist today, Augmented Intelligence technology is developing rapidly and changing the world. 

While Artificial Intelligence is a trend and grow rapidly in recently years, but it is still far from reality. Meanwhile, there are a growing demands for Augmented Intelligence.

Artificial Intelligence is a trend and has grown rapidly in recent years, but it is still far from reality. Meanwhile, there are growing demands for Augmented Intelligence. 

Augmented Intelligence is seemingly an "additional" part to Artificial Intelligence, but not true. Augmented Intelligence is an important middleware to bridge the gap between things we call "software" and things we call "smarter" such as RBA (Robotic Business Automation).

As we peer into the future, Augmented Intelligence will play an increasingly pivotal role in every business form. AI-powered tools and techniques will continue to empower employees, streamline processes, and unlock new frontiers of innovation. 

Low-end markets provide complete commitment to the realization of your IT project.

The price is relative. For example: with a budget of 300 euros per day in Paris, one can afford the services of an average developer underpaid by his company, which means they are probably not very motivated. Whereas with 100 euros per day in an offshore location, a team can offer the services of a technical expert that is motivated to work on your project.

Multi-vendor outsourcing

The shift toward multi-vendor outsourcing has become increasingly prominent in recent years. This approach involves working with multiple service providers to cover various business tasks and processes, allowing companies to tap into diverse expertise, technologies, and domain knowledge. 

Best-of-suite applications

The shift toward multi-vendor outsourcing has become increasingly prominent in recent years. This approach involves working with multiple service providers to cover various business tasks and processes, allowing companies to tap into diverse expertise, technologies, and domain knowledge. 

Here are some key benefits of adopting the multi-vendor outsourcing approach:

• Access to specialized skills: Working with multiple vendors allows businesses to access extensive niche skills and expertise, ensuring that the most suitable provider gets each task. 
• Risk mitigation: Businesses can minimize reliance on a single provider by spreading their tasks across several vendors. This diversification helps to mitigate risks associated with single points of failure, enabling smoother operations even in unexpected issues with a specific vendor.
• Agility and flexibility: Multi-vendor outsourcing allows companies to adapt their strategies depending on changing demands, industry trends, or innovations. 
• Competitive pricing: Companies can benefit from the competition between vendors, as each provider will strive to offer the best possible pricing and service levels to retain or gain customers.

By engaging multiple vendors, businesses can reduce their dependency on a single provider, minimize risks, and increase flexibility in their outsourcing strategy.

Outsourcing on an As-Needed Basis

Not to mention, the benefits of outsourcing — even if they’re on a short-term, temporary basis — are pretty amazing.

Specializations are in high demand: When you choose to hire subcontractors for your business, you make sure that you can get benefits from them: Fresh ideas, embrace change, flexible hours, cut costs, specialization.

Outsourcing is all about efficiency, helping businesses ramp up their efforts while saving time and bringing their products and services to market faster. This also means the output is greater, and organizations can grow their businesses more effectively.

Clientele includes more startups and small businesses: We are seeing more and more startups and small businesses outsourcing software development projects and processes. They do it as a means of reaching the market more quickly, increasing business traction, ramping up their services, reducing cost without compromising quality, and improving efficiency, all while tapping into the top talent to hone their brands’ image. This is why developing countries (Vietnam, Philippines...) with good talent pools are a good starting point for Western startups.

Gig economy and freelance models

The gig economy has steadily gained traction and will continue to influence the outsourcing landscape as companies recognize the benefits of engaging with freelancers and independent contractors on a project-by-project basis. 

IT outsourcing service providers are progressively integrating gig economy frameworks into their offerings, leveraging platforms and technologies that facilitate connections between freelancers and businesses in need of their specific skills.  As a trend in IT outsourcing in Vietnam, the gig economy enables companies to strategically utilize skills and expertise as needed and foster more effective and nimble project management. 

Using an outsourcing vendor for pure body leasing or IT staff augmentation nowadays may result in less experienced talent overall, greater attrition and disputable end quality at an even higher price point.

Why IT Outsourcing in Vietnam is the Best Decision in 2024?

Although India and China dominate the IT outsourcing industry, many tech businesses today are outsourcing tasks to Eastern Europe and SouthEast Asia. Companies in North America like the United States prefer East European countries (Romania, Ukraine, Poland...) and SouthEast Asia countries (Vietnam, Philippines, Indonesia...), for IT outsourcing due to their proficiency in English, cultural similarity and low cost. These regions have a high percentage of skilled people (including tech professionals), affordable talent, and strong data security.

The average hourly rate for a software developer in Vietnam stands at approximately $20 (falling within the $15-30 range), significantly undercutting the rates typically found in other outsourcing destinations such as India or China. To streamline your business with the right balance between low-cost and minimum viable products, you can generally expect to pay between $15 and $25 per hour for offshore software development services.

• Vietnam is emerging as a destination for tech manufacturing to thrive in the VUCA world.
• Outsourcing to Vietnam is a cost-effective and high-grade solution for businesses facing economic challenges. The country has a growing tech workforce and a favorable business environment.

By becoming our partners, you can:

• View transparent pricing for world-class developers.
• Build and price your development “dream team”.
• Receive updates on available developers and special offers.

Final Thoughts

The outsourcing landscape continually shifts from Eastern Europe to SouthEast Asia, driven by advantages in cost-effectiveness, resilience, sustainability and ethical outsourcing.  

Outsourcing Is Perfect for Periods of Economic Uncertainty: Outsourcing can be seen as a supportive measure that companies can take to strategically improve and come out better on the other side.

Working with a vendor that provides flexible outsourcing options can help ensure your company is able to offer a streamlined solution for IT-Business alignment. TIGO, for example, provides multiple core platforms that are designed upfront to meet the different needs and requirements.

At TIGO Global, we provide various services, solutions and technologies. Here are a few examples of the services we can provide:  

• Analyze the current system (AS-IS analysis)
• Technical Proposal for initial phase
• Comprehensive Documentation (BRS, URS, SRS, FS...) for Pre Project Preparation
• Custom Software Development 
• Mobile App Development (native, hybrid, PWA)
• Software maintenance (AMC, CMC).
• Legacy System Migration
• Testing services 
• Consultation services

Vietnam Outsourcing Path - the Silk Road connecting ASEAN with the Developed Countries (EU, US, Japan...): If you're interested in the IT outsourcing journey in Vietnam, don’t hesitate to reach out to TIGOSOFT. Contact us to learn more about how we can help you leverage the full potential of streamlined solutions (faster delivery, better service, lower cost) and achieve your business objectives! 

---

A A A A

[{"displaySettingInfo":"[{\"isFullLayout\":false,\"layoutWidthRatio\":\"\",\"showBlogMetadata\":true,\"showAds\":true,\"showQuickNoticeBar\":true,\"includeSuggestedAndRelatedBlogs\":true,\"enableLazyLoad\":true,\"quoteStyle\":\"3\",\"bigHeadingFontStyle\":\"1\",\"postPictureFrameStyle\":\"1\",\"isFaqLayout\":false,\"isIncludedCaption\":false,\"faqLayoutTheme\":\"1\",\"isSliderLayout\":false}]"},{"articleSourceInfo":"[{\"sourceName\":\"\",\"sourceValue\":\"\"}]"},{"privacyInfo":"[{\"isOutsideVietnam\":false}]"},{"tocInfo":"[{\"isEnabledTOC\":true,\"isAutoNumbering\":true,\"isShowKeyHeadingWithIcon\":false}]"},{"bannerInfo":"[{\"isBannerBrightnessAdjust\":false,\"bannerBrightnessLevel\":\"\",\"isRandomBannerDisplay\":true}]"},{"termSettingInfo":"[{\"showTermsOnPage\":true,\"displaySequentialTermNumber\":false}]"}]

Explore more on these topics