We all probably know the story of two mice in a bucket with the milk. That’s a good relative to today’s business world, where either you adopt or fail. In 21st century due to the climate driven by powerful digital forces, disruption and rapid innovation IT become another pillar of every business.  It moves all the companies from traditional way of doing business towards “click” based. As matter of fact most of the companies are not able to adopt to the turbulent context.

According to sources, there are the following main reasons for startups’ failure:

1.Lack of knowledge

Everything in the world become attached to the technology and IT. According to the IDC, by the end of 2017 2/3s of global 2000 enterprises’ CEOs will have digital transformation at the center of their corporate strategy. Lack of technical knowledge in company might leave it one step behind its competitors.

2.Pure management 

Today more and more devices get linked creating the internet of things and expanding use of social media and generating the Big data. You may have a great product and services for which there is great demand in the market, but without the proper data management and the right strategy the chances of failure increase. The properly managed data can give the valuable inside about the costumer and can help to increase the customer experience.

3.Limited resources 

Nowadays because of the great demand in IT specialists and less supply, it might be costly to hire the IT professional on a constant basis, especially for small companies and start-ups. Because of the high costs companies are in constant search of the ways to cut their expenses. So, they end up facing the outsourcing companies. At this point, there are a lot of IT outsourcing companies which offer wide range of services, but not always the companies manage to find the right outsourcing company who will have good value-price ratio.

As the solution to the given issues we Intellica group can offer the right, personalized solution for your company. We are based in Ukraine (dev) and Slovakia (EU H/Q) and given our location costs are significantly lower than in most European countries. Nevertheless, our main concern is all about clean and crystal clear communication to ensure smooth delivery.

Sounds interesting? Feel free to contact us and find out more about Intellica and services we deliver.