The Benefits of Software Outsourcing for Nanotechnology Development

The global nanotechnology market is expected to reach $90.5 billion by 2021, growing at a compound annual growth rate (CAGR) of 18.2%. As demand for nanotechnology development grows, an increasing number of companies are staying ahead of their competitors by outsourcing their needs to specialist software outsourcing companies.

Nanotechnology is science, engineering, and technology carried out at the nanoscale, which is approximately 1 to 100 nanometers. It’s the study and application of very small components to take advantage of their enhanced properties. Nanotechnology is lightweight and high in strength.

Despite being a relatively new science, nanotechnology is already being used in a variety of industries to enhance production. Some of the most common industries that use nanotechnology include:

• IT and Electronics

• Medicine

• Sporting Goods

• Consumer Products

• Security

Software outsourcing benefits the development of nanotechnology by providing access to specialist developers with extensive knowledge of emerging technologies. Experienced outsourcing companies have the workflows and security processes in place to ensure that products are delivered to market quickly and safely.

Let’s take a look at each of these benefits in more detail:

Access to Top Developer Talent

According to Career Explorer, the US will need 12,500 nanotechnology engineers over the next 10 years to keep up with demand. Although the marketplace is still relatively young, the complexity of the field makes it challenging to find developers with a suitable level of expertise.

As the industry becomes more diversified, companies venturing into the marketplace need access to developers with more than ‘generalist’ software development skills. Software outsourcing companies that specialize in nanotechnology offer technical expertise as well as the scientific and analytical skills required to develop successful products.

Partnering with a software outsourcing provider that specializes in nanotech provides companies with immediate access to some of the best developers in the world. Not only do companies benefit from having additional expertise, but they gain valuable industry knowledge and insights into what makes software products successful.

Integration with Internet of Things Technologies

Tiny wireless sensors and antennas are all around us at work and at home, whether we realize it or not. The future of nanotechnology inevitably involves integration with IoT-connected devices, and it already has a name – Internet of Nano Things.

From cancer-fighting capsules to skin care, nanotechnology is already being used in the medical and retail industries. As it continues to evolve, we’ll start to see more of its impact on our everyday lives. For example, Nanosensors in lithium batteries will connect electric vehicles with a whole range of devices and other nanomaterials will change the way we heat our homes.

A successful nanotechnology product requires all devices and components to integrate seamlessly. An experienced software outsourcing team will ensure that new products are brought to market in perfect working order.

Risk Mitigation

One of the biggest challenges of delivering a successful nanotechnology project is navigating the unpredictability of nanomaterials. Research suggests that there’s still a lack of systematic experimental data to understand them comprehensively.

An experienced software outsourcing company can help companies mitigate the risks associated with working with an unpredictable technology. They will have robust workflows in place to ensure that product ideas are validated and that prototypes are developed in the early stages.

The use of project management tools like Jira, Basecamp and Trello provides clear two-way communication between developers and the client. It enables both parties to provide feedback and updates on project progress, resolving any issues as they occur.

Improved Security and Compliance

According to Accenture, cybercrime will cost companies $5.2 trillion over the next five years. In software development, there’s an increasing need to have a solid security strategy built into a product’s lifecycle.

Cybersecurity affects all software products, particularly those that use nanotechnology. Nanosensors themselves are used by government bodies to protect against military and cybersecurity threats, so their very nature requires strict adherence to compliance and security best practices.

Typically, nanotechnology projects need to comply with several mechanisms, including the technology’s effects on manufacture, quality control and physical characterization of materials.

Cybersecurity practices in software development are constantly evolving and it takes a company with a specialist security team to stay up to date. An experienced software outsourcing provider will keep up to date with the latest security innovations and carry out regular security audits throughout a project’s lifecycle.

Overview

Partnering with a software outsourcing provider that specializes in nanotechnology provides immediate access to top developer talent. As well as providing invaluable skills, companies benefit from gaining new industry insights. An experienced software outsourcing team will ensure that IoT technologies are integrated seamlessly alongside nanotechnologies to create connected products.

Software outsourcing helps companies mitigate the risks associated with working with an unpredictable technology by implementing robust workflows. A good outsourcing provider will keep up to date with the latest security best practices and ensure that products adhere to all FDA compliance.