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Virtual Team in 2018 - Developments and Changes
Virtual Teams in 2018 MAJOR DEVELOPMENTS, CHANGES & CHALLENGES
SA TECHNOLOGIES - IT CONSULTING SERVICES PROVIDER
CHANGES IN IT THAT BROUGHT STABILITY R&D Internationalization – Exploiting Location Specific Innovative Advantage
Increased Use of Outsourcing: Outsourcing brought massive economic changes to the outsourcing country and social impact to the outsourced nation. 1 2 Moving away from working with people in Visual Proximity: Service based economy like the USA put stress on the cost driven model that altered many things. More R&D $ are now spent in the native countries. 3 Evolving Workplace Requirements/Habits: The workplaces has transformed since last 2 -3 decades. People with the help of internet-driven technologies now have more work options.
Major Work Culture Changes
Teleworking: It is a contemporary example of the work culture change, which is boosted by the cloud collaboration tools. 1 2 Extended use of Freelancing: Growth in freelancing is recent and is due to the universalization of particular skill sets that are needed everywhere. 3 Increased acceptance of Virtual Engineers: The major developments in the recent past are the accentuated growth of virtual offices helped by the ease of telecommunication that has triggered a rise of entrepreneurial culture.
Virtual Team – Is it a solution for Small and Medium-sized Businesses?
SMBs are increasingly leveraging their virtual workforce to
- Reach the global markets, - Reach critical masses - Tackle the pressure of globalization - And, Plug the necessary skill set
Virtual Engineering Teams also help to acquire the knowledge growth and keep the company afloat on the inexpensive information transfer.
MARKET CHANGES THAT AFFECTS GLOBAL IT INDUSTRY 1. Mass Production/Mass Consumption – Automation
Automation considerably decreases the headcounts required for a job. Thus, in future most of the workforce will not stay relevant.
The overseas software services industry’s clients increasingly ask their vendors to invest more in the automation tools.
The requirement of Innovation thus, also spearheads to the involvement of giving international dimension to a common problem, i.e., Retaining skill, and knowledge transfer are now the significant management challenges in global IT contexts that will help tackle the issues raised by Automation
2. Global Recession(s)/Government Reforms
Because of the global recession of 2007, companies in the west started slashing their IT budgets. Here're few major reforms post-recession -
2.1 Reforms in the West
It is speculated by many that the next stage of the economic crisis might engulf the global software services market. Thus, the government is trying to
reform their existing visa policies revamp local business by leveraging local resources nurture in-house talents as financial institutions are shying away from investing more
2.2 Reforms in Native Countries (1990 - Now)
Focus towards becoming manufacturing hub Focus on domestic innovation Increased spending on R&D Introduction of various reforms like incentives to the citizens who return backs to their native countries, etc.
ADVANTAGES OF VIRTUAL TEAM Virtual teams are now more global with team members dispersed globally. Corporate teams are now nearly virtual, and 41% of the teams never meet in person
ECONOMIC ADVANTAGE
REDUCED TIME TO MARKET
ACCESS TO GLOBAL TALENTS
Infrastructure costs are reduced as the everyday operational expenses are equal to zero.
24*7 support, lesser product development time, and faster response to the global and local demands.
Easy access to global talents. Better understanding of global and local markets
FUTURE OF IT INDUSTRY VIS-À-VIS VIRTUAL TEAM
Paradigm shift in the methods of gathering data, response, service, and logistics only due to the advancement of the IT
IT organizations today are leveraging the millennials more than any other sectors.
IT has permeated every other sector, revolutionized the manufacturing sector, brought changes in advertising, and marketing approach.
BEST PRACTICES FOR EFFECTIVE VIRTUAL TEAMS
1. Set Clear Agenda: Create an agenda to help your employees develop their ideas and questions.
2. Create Team Charter: Build project guidelines that follow your company's structure, while taking into consideration that it does not hamper the cultural scenario of your overseas virtual engineering team.
3. Make Personal Contact: Hold private conversations as it helps nurture a positive atmosphere.
4. Rotate Meeting Timings: Fluctuate the meeting timings, it will go a long way to win your virtual team's trust.
5. Plan Communication: Have clear and open communication as it helps build a productive collaboration.
GET A FREE EBOOK B O R D E R L E S S I N N O V A T I O N : R O L E O F C O L L A B O R A T I V E D E V E L O P M E N T I N T H E I T P R O J E C T S
Get more insights on how virtual teams and global collaboration can help in IT Innovation and operational efficiency. Download this ebook to unlock the secrets today.
Download your Copy Now
SAT is a global leader in Consulting and Technology solutions with a focused approach to transform, grow and lead today's enterprises. For 16 years, SAT has been providing best IT talent to the clients across North America.
www.satechglobal.com | 609-964-0551 | sales@satechglobal.com USA | Canada | India
ABOUT SA TECHNOLOGIES
Virtual Team in 2018 - Developments and Changes
Virtual Teams in 2018 MAJOR DEVELOPMENTS, CHANGES & CHALLENGES
SA TECHNOLOGIES - IT CONSULTING SERVICES PROVIDER
CHANGES IN IT THAT BROUGHT STABILITY R&D Internationalization – Exploiting Location Specific Innovative Advantage
Increased Use of Outsourcing: Outsourcing brought massive economic changes to the outsourcing country and social impact to the outsourced nation. 1 2 Moving away from working with people in Visual Proximity: Service based economy like the USA put stress on the cost driven model that altered many things. More R&D $ are now spent in the native countries. 3 Evolving Workplace Requirements/Habits: The workplaces has transformed since last 2 -3 decades. People with the help of internet-driven technologies now have more work options.
Major Work Culture Changes
Teleworking: It is a contemporary example of the work culture change, which is boosted by the cloud collaboration tools. 1 2 Extended use of Freelancing: Growth in freelancing is recent and is due to the universalization of particular skill sets that are needed everywhere. 3 Increased acceptance of Virtual Engineers: The major developments in the recent past are the accentuated growth of virtual offices helped by the ease of telecommunication that has triggered a rise of entrepreneurial culture.
Virtual Team – Is it a solution for Small and Medium-sized Businesses?
SMBs are increasingly leveraging their virtual workforce to
- Reach the global markets, - Reach critical masses - Tackle the pressure of globalization - And, Plug the necessary skill set
Virtual Engineering Teams also help to acquire the knowledge growth and keep the company afloat on the inexpensive information transfer.
MARKET CHANGES THAT AFFECTS GLOBAL IT INDUSTRY 1. Mass Production/Mass Consumption – Automation
Automation considerably decreases the headcounts required for a job. Thus, in future most of the workforce will not stay relevant.
The overseas software services industry’s clients increasingly ask their vendors to invest more in the automation tools.
The requirement of Innovation thus, also spearheads to the involvement of giving international dimension to a common problem, i.e., Retaining skill, and knowledge transfer are now the significant management challenges in global IT contexts that will help tackle the issues raised by Automation
2. Global Recession(s)/Government Reforms
Because of the global recession of 2007, companies in the west started slashing their IT budgets. Here're few major reforms post-recession -
2.1 Reforms in the West
It is speculated by many that the next stage of the economic crisis might engulf the global software services market. Thus, the government is trying to
reform their existing visa policies revamp local business by leveraging local resources nurture in-house talents as financial institutions are shying away from investing more
2.2 Reforms in Native Countries (1990 - Now)
Focus towards becoming manufacturing hub Focus on domestic innovation Increased spending on R&D Introduction of various reforms like incentives to the citizens who return backs to their native countries, etc.
ADVANTAGES OF VIRTUAL TEAM Virtual teams are now more global with team members dispersed globally. Corporate teams are now nearly virtual, and 41% of the teams never meet in person
ECONOMIC ADVANTAGE
REDUCED TIME TO MARKET
ACCESS TO GLOBAL TALENTS
Infrastructure costs are reduced as the everyday operational expenses are equal to zero.
24*7 support, lesser product development time, and faster response to the global and local demands.
Easy access to global talents. Better understanding of global and local markets
FUTURE OF IT INDUSTRY VIS-À-VIS VIRTUAL TEAM
Paradigm shift in the methods of gathering data, response, service, and logistics only due to the advancement of the IT
IT organizations today are leveraging the millennials more than any other sectors.
IT has permeated every other sector, revolutionized the manufacturing sector, brought changes in advertising, and marketing approach.
BEST PRACTICES FOR EFFECTIVE VIRTUAL TEAMS
1. Set Clear Agenda: Create an agenda to help your employees develop their ideas and questions.
2. Create Team Charter: Build project guidelines that follow your company's structure, while taking into consideration that it does not hamper the cultural scenario of your overseas virtual engineering team.
3. Make Personal Contact: Hold private conversations as it helps nurture a positive atmosphere.
4. Rotate Meeting Timings: Fluctuate the meeting timings, it will go a long way to win your virtual team's trust.
5. Plan Communication: Have clear and open communication as it helps build a productive collaboration.
GET A FREE EBOOK B O R D E R L E S S I N N O V A T I O N : R O L E O F C O L L A B O R A T I V E D E V E L O P M E N T I N T H E I T P R O J E C T S
Get more insights on how virtual teams and global collaboration can help in IT Innovation and operational efficiency. Download this ebook to unlock the secrets today.
Download your Copy Now
SAT is a global leader in Consulting and Technology solutions with a focused approach to transform, grow and lead today's enterprises. For 16 years, SAT has been providing best IT talent to the clients across North America.
www.satechglobal.com | 609-964-0551 | sales@satechglobal.com USA | Canada | India
ABOUT SA TECHNOLOGIES