The world is rapidly transforming the ways of doing things, which immediately impacts business models. One of the most popular of these cutting-edge business models is known as the Dedicated Team Model (DTM), which is being adopted en masse by businesses worldwide.
A recent survey found that approximately 45% of US companies prefer to get dedicated development team services for their software development to cut costs and save time. A report by Statista showed that offshore dedicated team services amounted to $62 Billion. The figure speaks for itself, showing how the Dedicated Team Model (DTM) has been gaining versatility and approval among many IT industry businesses.
Let’s understand what a Dedicated Team Model (DTM) is and why businesses readily adopt it worldwide.
The Dedicated Team Model (DTM)
Imagine a business model where you don’t need to rely on localized talent, making it difficult to get essential skill sets. Instead, you go beyond the established boundaries, letting you hire the precise team with the proper skill set required for your project. Sound seductive? Indeed it is. This is what a Dedicated Team Model (DTM) structure brings to your company.
DTM is a business model in the IT industry specifically for software development. It facilitates a long-term collaboration between the company wanting to outsource and the dedicated development team providing the service. The difference is your company works remotely with this dedicated team where every function they perform emulates that of your in-house team.
Who Needs a Dedicated Team Model (DTM)?
The Dedicated Team Model (DTM) is no longer an IT sector unicorn. Companies are actively incorporating it. It doesn’t matter whether you are a startup or an established business. A Dedicated Team Model is the right fit for almost every business type. The key benefits for your company are:
A Team Built Fast With No Skill Set Loss
The DTM solution is custom-made for you. Selecting a Dedicated Team Model is the right choice if you are an emerging startup or looking to build your development team from scratch. It saves recruiting costs incurred when hiring locally. Need to build a robust and cost-effective dedicated team? DTM is the answer.
Struggling to Find the A-Team for your Tech-Based Entity
The Dedicated Team Model (DTM) solves your problem. A company founded on the technical team cannot progress until the right tech team is on board. In such cases, the Dedicated Team Model fits perfectly to revive the flagging company. The DTM bridges the gap and gets the best team set up with the desired technical and soft skills.
Working on Large-Scale Projects
You already have a good engineering team for your ongoing project. However, as the project's immense scale ratchets up, the need for expanding your team becomes elemental. The Dedicated Team Model (DTM) delivers on demand in these situations. Management can acquire the Extended Team Services and quickly hire engineers with the necessary skills without compromising the project quality. Simply, a cost-effective and turnkey solution. We at Global Teams deliver this.
Want to Explore New Technology?
To succeed in the IT industry in the long run, your team needs to be tech-savvy. It pays to obtain a development team with technical expertise, profound knowledge of the area, and cutting-edge technological know-how. Choosing a Dedicated Team Model (DTM) is the key to this success.
Phases of Dedicated Team Model (DTM)
Looking at the Dedicated Team Model (DTM) structure, it’s not labyrinthine but rather a simple process just as found in your in-house team. Let’s go through the four general phases of the Dedicated Team Model (DTM).
Discovery Phase
The discovery phase is the first stage to getting started with the Dedicated Team Model (DTM), estimating the potential collaboration between the client and the development company. Assessing project scope, identifying requisite team strength, analyzing skill demand, and calculating overall development costs are all considered. Once clarity is established with all factors' feasibility, you are set to embark on the team setup phase.
Team Setup Phase
Both parties come to an agreement and form a partnership. Afterward, a dedicated team is built as per project criteria. The client is then connected to the delivery manager, who acts as the go-between coordinator for the client and the dedicated team to monitor the project timelines and specifications. Candidates selected for building the core team will undergo several tech and soft skills review rounds to get the final call and come on board.
Development Phase
This is when the development process occurs. Tasks are assigned to the hired dedicated team, as one would similarly do with your in-house development team. This stage can be considered to be the final step as regards completing the Dedicated Team Model (DTM) delivery, however, in some cases, one more phase can be added; the buyout phase.
Buyout Phase (Optional)
Clients often prefer that the dedicated team working on their project should not use their acquired knowledge for any other future projects or other companies. In this case, they are likely to buy the dedicated team out. This phase of incorporating a Dedicated Team Model (DTM) is called a DT Buyout. The client buys the entire team or sets up a remote development center to operate the team, whichever suits the best-case scenario.
To summarize, considering the technological advancements and the rapidly ever-changing dynamic of the IT industry, a Dedicated Team Model (DTM) business solution is the most widely purchased to cut costs, save time, and guarantee a return of investment.
The Best Dedicated Team in East-Central Europe
Are you looking to build a robust, cost-effective, and supremely talented dedicated development team? We at Global teams deliver a sophisticated turnkey solution for your business.
We bring our clients exactly what skill set they demand of their development team. From pricing to flexibility and work pattern, our in-built core structure takes care of every customized need of your company, delivering a professional and bespoke service.
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