In the context of emerging technologies, competition for high-tech talent in companies is increasingly fierce, both to be first to market with innovative solutions and to find the talent to design and develop those solutions.
According to a recent report from Gartner “Technology executives think that talent shortage is the biggest barrier to the adoption of 64% of new technologies.”
Causes behind the high-tech talent crisis
The Covid-19 pandemic sparked an unprecedented wave of technology adoption. The move toward remote working across all industries, and the acceleration of recruitment by companies not only in their region but around the world have intensified the shortage of high-tech talent, particularly for sourcing the skills that power cloud and edge, automation and continuous delivery.
It becomes more and more challenging for companies like OEMs to have in-house staff with all the necessary technical skills. More complex services are increasingly being outsourced as OEMs gain confidence in the capabilities of their Engineering Services Outsourcing (ESO) providers. Advances in sensor technology, distributed computing, wireless communications, and big-data capabilities have enabled the Internet of Things (IoT) to rapidly transform the technology topography. OEMs across a variety of industries have quickly begun to leverage these technical capabilities and outsource complex tasks such as driver assistance, connected homes, remote and continuous health monitoring, engineering information management and more.
The “new investment cycle”
The COVID-19 pandemic has accelerated companies’ efforts to digitize their operations to meet the “new normal” of hybrid and flexible work arrangements.
This situation has led organizations to initially create a significant need for IT infrastructure that can support a fully virtual workforce, and then to increase their investments in emerging technologies in 2021 to drive innovation.
Companies know that they need to make customer experience a priority in 2022, starting with investing in the right technology stack and empowering their teams to create the products of the future.
Developments in emerging technology and improving critical IT infrastructure are top priorities
To enable the smooth flow of information between physical and virtual sites, OEMs are prioritizing and investing in building a solid and secure hybrid cloud base, supported by multi-cloud technologies. It is difficult for a company to have in-house staff with all the necessary technical skills. They must therefore find strong partners in order to stay competitive.
High-tech talent crisis is definitely leading to increased outsourcing needs
Most of the changes caused by the pandemic will not fade with the decline in infection rates, which means that companies will need to continue to invest in technology and modernized work practices to survive.
Is Nearshore Software Development the ideal solution?
Nearshore software development involves working with partners who will help you increase your overall development and get you to market faster, providing added value and allowing you to benefit from the latest technologies.
Whether you require access to talent with specific skills to accelerate development or to strengthen your internal team for a special project, engineering outsourcing may be the ideal solution.
At Orthogone, we have built a product and solution development group composed of resources specialized in complex challenges. Our unique business model addresses these issues. We are responding to a critical problem of staff shortages, but more importantly, we are increasing the level of innovation and functionality of our customers’ products.
Learn more about the benefits of partnering with a leading software development company.