Not convinced? We’ve broken it down into this handy infographic.

According to Deloitte’s 2016 Global Outsourcing Survey, 78% of respondents claim that they feel positive about their outsourcing relationship.When asked about the reasons for outsourcing, 59% of businesses cited cost-cutting as the primary reason, while 57% claims that it enables them to focus on core business functions. Another 47% of businesses claim that outsourcing solves business capacity issues.

Other reasons for outsourcing include the enhancement of service quality, critical to business needs, access to intellectual capital, business environmental management, and wider transformational change.

That’s why more industries than ever are outsourcing their business processes, especially when it comes to IT.  This sector is increasingly leveraging information and communication technology as well as social, mobile, analytics, and cloud technology.