In the era of fast technological transformations in every vertical, the businesses look for a less traditional means to fill the technical gap related to software development. Build Operate Transfer (BOT) model offers businesses with perfect opportunity to produce a long-term technical resource and help them overcome the challenges related to development resources. While software outsourcing remains a possible option, the BOT model is set to gain popularity in the future.
As a company grows, the need for product innovations and investments in new technologies increases. In addition to new technological investments, other operational priorities also put pressure on the cash availability of the companies. In such scenarios, the BOT model can be of great help. The model is used to finance large projects due to which it has gained popularity as a project financing methodology.
BOT is a contractual model in which a business entity hires a service provider to finance, build, and operate a facility or business operation often in a new country. For an IT company, the service provider is often hired to set up, optimize, and run an IT processor to develop new software. In the BOT model, after a specific period of the contract, the ownership is transferred to the client.
Using the BOT model for software outsourcing, the businesses can build a trustworthy long term development resource that delivers high-quality technical output at a comparatively low cost. This will help businesses to overcome the talent shortage and make the right skills available for rapid growth. While the vendor is focused on developing software of the company, the later can focus on developing and enhancing its core business.
Further, the BOT model would efficiently save time and money by providing more short term and long term cost saving, thereby helping minimize the cost over a period of time.
Jellyfish Technologies helps clients in creating business-specific procedures to achieve intelligent digital operations, across the globe. With our hands-on diverse business verticals and a team of skilled IT experts, we create effective solutions to increase productivity and value. Our specialists will be happy to discuss with you the benefits of using the BOT model for your case. For further discussion feel free to contact us.