How nearshore consulting is impacting digital transformation

To stay ahead of competitors, companies of all shapes, sizes, and industries understand the need to keep up with their digital transformation projects.

This often includes automating processes, improving business models, implementing digital solutions, and investing in new technology and services.

However, the cost of digital transformation initiatives is typically substantial.
It requires investing in research, human resources, infrastructure, technology, and more. Not to mention, how difficult it can be to hire new teams to drive change and innovation inside an already-established business model!

But that’s where Nearshore Consulting comes in as a reliable driver of transformation in our society. We’ll dive deeper into this topic in this article.

A few statistics on nearshore consulting
According to global statistics, software development accounts for 64% of outsourced services worldwide and this number will likely keep growing. It is currently one of the most searched services as 59% of companies are already hiring nearshore software development teams to cut costs.

As we also mentioned in a previous article, the demand for highly specialized software engineers has doubled since 2020. And it creates challenges for companies hiring these professionals. In fact, 50% of executives say talent acquisition is one of their biggest challenges!

Another interesting statistic about nearshore consulting is that Latin America holds many of the Top 10 nearshore destinations including Peru, Colombia, Brazil, and Costa Rica, being Software Developers, Graphic Designers, and Product Managers - the three most searched roles.

In Europe, the most popular destinations include Portugal, Romania and Poland. Portugal currently being at the top due to its favorable location, timezone, culture, English-speaking education, foreign-friendly policies, and growing tech industry.

Last but not least, it’s worth mentioning that 80% of companies in North America are actively considering nearshore!

How it drives digital projects further

These market statistics only showcase the importance and impact that nearshore consulting has on the development of new technologies and solutions.

Nearshore consulting has been driving digital projects in many IT businesses and companies worldwide, not only due to its ability to cut down costs but also its ability to connect professionals across the globe with the right projects, helping companies build established teams for their projects more quickly and without all the traditional bureaucracy.

Nearshore’s impact goes beyond just delivering projects on time.

It helps companies worldwide, improve their online customer experiences, boost operational efficiency, increase adaptability to market needs, make better-informed decisions through data analytics, drive new business opportunities, and, therefore, generate innovation.

From Data Science and DevOps to IT infrastructure and Product Development, nearshore teams are a great way to boost any workforce and drive change not only in a business but, also in our society.

The possibilities for innovation become endless when there is flexibility to find and outsource talent worldwide as nearshore proves to be as effective, and, in some cases, more effective than hiring internally.

To conclude

If you’re considering outsourcing talent, one of the most important steps is to select the right nearshore partner based on your business needs and culture. Make sure to consider all these aspects: project scope, requirements, goals, location, industry experience, timezone, language, work ethic, etc.

We also developed a guide to help you dive deeper into this topic if you’d like to check it out. Also, feel free to reach out to our team in case of any doubt.