According to several leading studies, businesses risk losing 33% of their profits if time-to-market is delayed by 6 months. Time-to-market is one of the biggest factors impacting the profitability of new product releases – even more so than high development and production costs. 

Faster time-to-market is crucial for IT projects because it enables businesses to capitalize on opportunities, outpace competitors, and meet evolving customer demands. Yet, an overreliance on in-house teams for DevOps often results in significant time-to-market delays and subsequent financial losses. 

In a world where nearly 10% of all software development projects are finished late, could outsourcing be the key to speeding up time-to-market? 

Cost of Slow Time-to-Market 

A slow time-to-market delays revenue, increases overhead costs, and extends financial losses. The longer a product takes to launch, the longer it takes to reach breakeven, which reduces long-term profitability. This idea is especially relevant in software development, where launching a new product first establishes undeniable credibility and influence with buyers.

Forbes puts it this way, “In digital markets, the first-mover advantage often determines market dominance. Scalable startups that grow first and successfully satisfy market demand usually establish themselves as market leaders, making it challenging for latecomers to compete effectively.” 

Why a Reliance on Internal Teams Slows Time-to-Market 

Relying solely on in-house IT teams for DevOps can slow time-to-market in several key ways: 

  • Talent Acquisition Delays: Finding, hiring, and training specialized IT talent is time-consuming. 
  • Limited Resources: Employees get overwhelmed with normal duties plus new expansion initiatives. 
  • Scaling Issues: It’s nearly impossible to increase or decrease in-house talent to meet the erratic demands of DevOps projects. 
  • Knowledge Gaps: Keeping up with evolving technology and certifications is tough for people working full-time. 
  • Inefficient Workflows: Internal teams often lack knowledge of agile approaches like Scrum and Kanban. 

How Outsourcing Accelerates Time-to-Market   

Leveraging outsourced IT support offers several advantages for accelerating time-to-market and maximizing profitability. 

Instant Access to Skilled Talent     

Problems Solved: Talent Acquisition Delays & Knowledge Gaps 

Outsourced teams scale instantly so you can add developers as needed. Outsourcing firms also provide instant access to pre-vetted specialists with in-demand skill sets like AI, blockchain, and cloud computing.

Dev.Pro has worked closely with many hospitality clients to accelerate time-to-market on important use cases. To illustrate, Dev.Pro helped POS solutions provider Lavu migrate its POS system from Rackspace to AWS. We provided a DevOps team with expertise in cloud migrations to bridge knowledge gaps for Lavu. As a result, Lavu and its customers enjoyed quicker access to new features like online ordering systems. 

Round-the-Clock Development 

Problems Solved: Limited Resources & Scaling Issues  

Working with a global outsourcing partner allows you to maximize talent across time zones to enhance time-to-market. 

By utlizing different teams across the globe, you can keep work on DevOps projects going 24/7 – thus ensuring continuous progress even when in-house teams are offline. Whether writing new code, fixing bugs, conducting QA testing, implementing UI/UX improvements, or performing security audits, this global strategy is an innovative solution for time-to-market challenges.

A common scenario with Dev.Pro is to partner with U.S. companies and offer them 24/7 development cycles. While the U.S. team works during the day, Ukrainian teams handle bug fixes, testing, and feature implementation overnight.

Streamlined Project Management 

Problems Solved: Knowledge Gaps & Inefficient Workflows 

Top outsourcing partners like Dev.Pro employ agile development methodologies to improve the speed of projects. 

Agile development methodologies like Scrum and Kanban enhance efficiency and accelerate delivery. Skilled outsourcing teams break projects into short sprints, conduct frequent testing, and maintain continuous feedback loops. Such approaches ensure faster iterations and reduce delays.  

To rapidly develop cutting-edge technology solutions, Dev.Pro applies these strategic steps to every project: 

  1. Audit of Existing Infrastructure
  2. Architecture & Design
  3. Development & Integration
  4. Development / Migration & Testing 
  5. Maintenance & Upgrades 
  6. Cost & Performance Optimization

Following this outline, Dev.Pro enhances time-to-market without sacrificing quality. 

Summary 

Whether you’re developing technology for healthcare, financial services, or the hospitality industry, delayed product launches are detrimental to profitability. The Supply & Demand Chain Executive website reports, “In competitive industries, a late product introduction (9-12 months beyond target) can cost 50% of a product’s anticipated revenues.” 

With such glaring financial risks from delayed time-to-market, isn’t it wise to control as many variables as possible? Outsourcing DevOps directly addresses many of the key challenges with keeping IT projects on schedule. By leveraging global teams, you eliminate hiring delays, knowledge gaps, and scalability issues with a single action. Even better, you can beat your competitors to market. Need to accelerate your next product launch? Dev.Pro has a skilled global network of specialists standing by. Get started now!