Seldom does the entrepreneurial developer find so much low-hanging fruit as now seen in the fintech industry. With investors providing $5.3 billion in capital to fintech startups during Q1 2016, opportunities for the innovative developer are ripe for the picking. Especially interesting is the growth of investments in fintech — 67% since the same period last year. The rapid growth and infusion of investment cash equates to growth in fintech outsourcing opportunities in several areas of technology. Let’s take a look at seven of those now trending or likely to do so in the near future.
Fintech startups are having a growing and disruptive impact on the financial service industry. The first quarter of 2016 realized global investments in fintech ventures of $5.3 billion — a 67% increase since Q1 2015. With the fintech wave on the rise, new startups emerge almost daily — many with a multi-million dollar idea and the investment dollars to make it happen. The first big decision startups often face is whether to develop their wares in-house, or to outsource the development of their products or services.
A job title that you may have heard recently is that of a ‘Big Data Developer’. But what does that mean exactly? Is it a developer who can also analyze data? Or is it a developer who knows Business Intelligence and statistics like the back of their hand? Are Big Data Developers masters of data visualization?
Immersive multimedia, computer-simulated life, virtual environment are all the different names of the name phenomenon that is taking the technological world by storm. However perhaps the name you are most familiar with is Virtual Reality.
2016 is quickly approaching, bringing with it new developments in outsourcing. The global IT outsourcing industry was already valued at $76 billion in 2014, with more than half of that value generated in Europe, the Middle East, and Africa. The UK alone spends more than £15 billion on outsourced contracts, and that number is expected to climb as more companies turn towards outsourcing to improve efficiency. As 2015 draws to a close, we'll look at ten best practices for preparing to outsource in the year ahead.
Ukraine is hard to ignore when it comes to IT, since it boasts no less than 75,000 skilled developers and over 2,000 startups. The Ukrainian IT industry passed the $1 Billion mark a couple of years ago – valued at $5 billion now - and has continued to thrive despite some hardship. The country's strong education system and on the job training are ranked slightly below Israel's. This factor, coupled with a sizeable IT outsourcing market, is why Ukraine will maintain strong growth potential in the years to come.
We are in the age of outsourcing. It is rare to find a small business, or any business for that matter, that does everything in-house with full-time employees. Everyone outsources to some degree no matter what they call it including subcontracting, freelancing, and virtual assistants. Businesses outsource to grow more rapidly and save costs, but costly mistakes can lead to business failure.