The covid-19 pandemic of 2020 has had an indirect positive effect on the adaptability of major companies. According to a recent study by McKinsey, companies have accelerated the digitization of their internal operations by three to four years. Many have not only adopted remote operations but are also innovating in products thanks to the change–the share of digital or digitally enabled products in their portfolios has accelerated by a shocking seven years.
This fast-evolving ecosystem for growth has pushed IT companies to look for tools and tactics that maintain their competitive edge. One of the most adopted tactics to boost their growth with a minimum time span is the BOT Model. But what exactly is the BOT model and how does it work?
BOT is a business model. According to Gartner Research, it’s a contractual relationship in which an organization hires a service provider to set up, optimize, and run a business (or process/service/delivery) operation with the contractually stipulated intent of transferring the operation to the organization as a captive center.
Say you build pacemakers using IT. You’re doing pretty well but have reached your current limit in operating capacity and are looking to expand both market share and product features. Under the Build-Operate-Transfer model, you can hire a service provider to set up, optimize and run the process for you, only to transfer the operation back to you once it is set up and running efficiently.
The BOT model allows service providers to quickly set up a new center applying the internal culture and processes of its client organization. The aim is for the service center to be completely operational from its foundation. When set up in countries with a lower cost of living, it can also represent a significant reduction in operating costs. Under these circumstances, a nearness between borders can become a great advantage.
By partnering with US businesses, service providers like ITJ can help develop world-class software engineering centers of excellence that assist companies of all sizes to access purpose-built, fully managed, lower cost, and innovative software development, testing, and operational support teams only 35 minutes south from the border. These hubs integrate seamlessly with clients’ resources and align with their business strategies.
As technology continues to push innovation forward, ITJ’s unique BOT model positions itself as a reference center for excellence working with the highest quality software engineers, data scientists, and creative designers from across Mexico and Latin America making it a game-changer for any company.
ITJ is devoted to serving fast-growing and high-value market sectors, particularly the Internet of Medical Things (IoMT), working with innovative medical device companies looking to improve people’s lives. With a unique BOT (build, operate, and transfer) model that sources only the best digital talent available, ITJ enables companies in the US to create technology centers of excellence in Mexico. For more information, visit www.itj.com.