2024 is a significant year in generative AI development, with advancements in LLM systems such as Gemini and Llama gaining attention more than Met Gala this year. These models helps us to work efficiently by delegating meticulous tasks to AI. This frees up time for businesses to focus on much more important core tasks.
Now this efficiency extends beyond just AI. Take hiring dedicated development team, for instance. As per a Mckinsey survey, 50 percent of the IT budget in most businesses is directed toward developing new applications. But even with those resources, most companies – especially startups and growing mid-sizers – struggle to keep pace with the tech giants and giant corporates. It’s like trying to outrun a cheetah on a treadmill – impressive effort, but ultimately futile.
That’s why hiring dedicated development team saves you the sweat. It allows to transfer technical complexities, the nitty-gritty details to a team of devoted experts. This frees them up to focus on their core business – their passion, their vision; Ultimately driving the business to generate more revenue.
In this blog, we’ll discuss the top 3 benefits of choosing a dedicated software development team. Because it’is only natural then that every business, no matter how small, should capitalise on the potential of how efficient this method can be.
The demand to hire dedicated development team is surging across industries like independent software vendors, manufacturing, banking, fintech, and insurance. This creates a highly competitive market where finding top talent can be challenging. Companies like Virstack offer a solution by providing access to dedicated software development team – essentially, a pre-vetted pool of elite developers – making it easier to secure the best fit for your project.
Through this, you gain access to a pool of versatile talent. These skilled professionals possess the expertise to optimize your tech stack capabilities.
These professionals consistently deliver top-tier tech solutions at more attractive price points. A dedicated software development team communicates efficiently with your in-house IT team, co-building solutions and simultaneously training your employees for a smooth collaboration.
Now you might be wondering how expensive it’d be to hire software development team especially, since you’re gaining access to the best talent pool. Right?
Well, here’s another surprise for you.
Hiring dedicated development team with specialized skills isn’t only a smarter but also a cost-efficient solution. It bypasses the high costs associated with building an in-house team for areas like AI, Blockchain, or AR/VR. Training, infrastructure, and retaining these talents can be expensive.
This dedicated software development team provides access to the expertise you need without the upfront investment. Plus, you only pay for the time these specialists are actively working on your project. It’s a pay-as-you-go approach that maximizes efficiency and allows you to leverage cutting-edge technologies without breaking the bank.
Also, in-house hiring can be a complex and expensive endeavor. Beyond the initial recruitment process, there are ongoing costs associated with managing an internal team. Hiring dedicated development team allows you to bypass these expenses and focus your resources on core business activities.
One potential but valid concern with dedicated software development team is the physical distance. While face-to-face meetings might be less frequent, there are strong reasons why this shouldn’t be a deal-breaker.
Dedicated development teams rely on your business for their success. With the rising demand for this model, competition is fierce, and even the most skilled professionals must consistently deliver. As a result, providing efficient and reliable products becomes their top priority.
Therefore, when you hire software development team, you can be confident in their commitment to delivering high-quality software within a short timeframe. To ensure transparency and accountability, most dedicated software development team providers have established comprehensive evaluation and reporting processes. This allows you to monitor progress from each milestone, often in real-time.
There is no surprise that selecting the right team is the first part of successful development services, but before that, you need to decide which dedicated team is most suited for your business.
If you’re looking for a strong, long-term partnership with full control and involvement, then Virstack’s dedicated software development team is the perfect solution for your business in 2024 and beyond.