In business, actions with the greatest payoff can sometimes be risky. This certainly applies to outsourcing software development, AI projects or IT support to third parties. While it can help you get your digital transformation projects off the ground, accelerate timelines and provide you with the scarce tech talent while reducing the cost of full-time internal employees, there will always be a level of risk associated with it.
According to an article in the Wall Street Journal, citing analysis by COMPTIA, in January 2022 employers posted close to 340,000 unfilled IT job openings, which was 11% higher than the 12-month average. The huge demand for software and AI expertise can be attributed to heightened demand for IT services brought on by the pandemic, but also a growing tech talent shortage that has been in the works for some time.