Application outsourcing is a growing trend among enterprises of all sizes and industries, including financial institutions and service firms. Info-Tech recently asked over 250 different enterprises about their software outsourcing initiatives. This group included 28 that belong to the financial sector. Use Info-Tech's analysis to guide future decisions concerning future application outsourcing plans.
Expertise and Speed Drive Interest in App Outsourcing
Enterprises in the financial sector tend to pursue the outsourcing option in the hope of gaining access to specialized expertise, faster application delivery, and business process improvements. These motivations are typical across industry verticals. After these three drivers, the next most important reason for outsourcing software needs is cost reduction – both in this industry and across all industries.