Posts

The Nuts and Bolts of Team Augmentation

Image
  Did you know that the IT outsourcing market is projected to reach a staggering $512.50 billion in 2024? It doesn’t stop there, this market is expected to grow at a steady annual rate of 10.99%, which can reach a remarkable $777.70 billion by 2028. Also, the  demand for team augmentation services  is also surging, with an anticipated incremental spend of $81.87 billion. This sector is set to grow at a CAGR of 3.53% over the next five years.  These statistics illustrate why team augmentation is gaining significant traction in the IT job market. Driving businesses worldwide to adopt remote hiring practices. Team augmentation has proven to be a game-changer, providing businesses with access to a global talent pool while ensuring efficiency and flexible scalability. It empowers companies to swiftly adjust their resource needs and aligns perfectly with project demands without the complexities of traditional hiring. In this blog, we will dive into what team augmentation truly entails, how i
Post a Comment
Read more

The Future of Finance: Key Tech Trends Reshaping Banking

Image
  Over the past decade, technological advancements have catapulted fintech from the periphery to the forefront of financial services. This rapid growth has been driven by the dynamic expansion of the banking sector, rapid digital transformation, shifting customer expectations, and the strong backing of investors and regulators. Fintech companies have fundamentally reshaped financial services with their innovative, differentiated, and customer-centric solutions,  agile strategies , and cross-functional expertise. As of July 2023, fintech firms listed on the public market reached a  combined market capitalization of $550 billion , double their value from 2019. At the same time, the sector boasted more than 272 fintech unicorns, collectively valued at $936 billion, a significant increase from just 39 firms five years ago. The growth of these strategies and the swift adoption of fintech are largely driven by their ability to address critical gaps within traditional banking. Fintech compani
Post a Comment
Read more