The Role of Agile Mindset in BioMedTech Software Development Projects

Posted on July 27, 2023 | by TeresaPenafiel | 17 Comments

Across industries, from the financial sector to manufacturing and retail, organizations increasingly adopt agile mindset. However, one sector where agile’s impact is significant, yet underreported, is the biomedical technology (BioMedTech) industry. Specifically, its application in software development projects is altering the BioMedTech landscape. This blog explores the crucial role agile mindset plays in BioMedTech software development projects, with a focus on a nearshoring company’s perspective that collaborates with US Life Sciences companies.

The BioMedTech Landscape and Agile Mindset: Key Statistics

According to a 2023 Gartner study, BioMedTech companies that employ the agile mindset in software development projects see a 50% increase in product deployment speed, a 35% improvement in stakeholder satisfaction, and a 20% decrease in project costs compared to those that don’t. Given these impressive stats, it’s hardly surprising that agile principles have become a fundamental aspect of BioMedTech software development projects.

Agility in BioMedTech: Bridging the Gap

Traditionally, the BioMedTech industry has been challenged by complex regulatory landscapes, long development timelines, and the necessity to ensure patient safety. Consequently, the need for a flexible, efficient, and result-oriented approach is evident. Therefore, agile mindset steps into this space, offering BioMedTech organizations a means to adapt quickly to changing requirements, foster better collaboration, and deliver high-quality software.

With agile, BioMedTech companies get the opportunity to break down complex software development projects into manageable ‘sprints’. These sprints facilitate quicker feedback, offer the potential to incorporate necessary changes promptly, and, most importantly, minimize risks related to product quality or regulatory compliance.

BioMedTech Software Development: Agile’s Role in Nearshoring

BioMedTech software development has long been a crucial facet of the U.S. life sciences industry, an industry which continues to thrive due to its commitment to innovation and best practice adoption. Among these trends, Agile methodologies and nearshoring have emerged as two particularly impactful developments.

Agile methodologies, with their iterative, feedback-oriented approach, allow for the creation of more robust, user-friendly, and adaptable BioMedTech software solutions. By the same token, nearshoring — especially to locales like Mexico with its strong technical talent pool, cultural similarities, and favorable time zones — offers cost efficiencies and streamlined project management. For U.S. life sciences companies, combining these two trends means keeping up with the fast-paced, dynamic demands of the healthcare sector while simultaneously managing costs and accelerating speed to market. This strategic fusion of Agile software development practices and nearshoring to Mexico, thus, is shaping the future of the BioMedTech industry in significant ways.

The global nature of these organizations allows them to take advantage of varied time zones, effectively creating a 24-hour development cycle. Accordingly, agile becomes the backbone of this process, ensuring the smooth functioning of the continuous integration and continuous deployment (CI/CD) model.

Nearshoring BioMedTech firms leverage agile mindset to tackle the geographical distance and keep the entire team on the same page. With tools for daily stand-ups, backlog management, and sprint planning, these organizations ensure transparent, efficient communication despite physical distances. Thus, they manage to uphold quality, meet deadlines, and satisfy stakeholders.

Embracing the Agile Culture in BioMedTech

In conclusion, agile mindset is not just another project management technique for BioMedTech companies. It’s a culture, a mindset that empowers them to deliver high-quality softwares, reduce costs, and enhance stakeholder satisfaction.

As the BioMedTech sector continues to evolve, agile mindset seems to have firmly cemented its position as the preferred approach for software development projects. For US Life Sciences companies, this translates into increased efficiency, client satisfaction, and a distinct competitive edge.

In need of agile experts in the Life Sciences Industry? Contact us right away!

About ITJ

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 and LatAm. For more information, visit www.itj.com.

Best Practices for Nearshoring Software Development in the BioTech and HealthTech Industry

Posted on July 20, 2023 | by TeresaPenafiel | 16 Comments

Development of healthtech and biotech software demands exceptional expertise; what only a few know is sometimes that expertise is found on the other side of the border. Given that software development engineers form the backbone of numerous healthtech products, what steps can be taken if no suitable candidates are found within the country?
Nearshore software development has witnessed significant growth, with a projected CAGR of 8.5% from 2021 to 2028. For businesses in these sectors looking for effective and high-quality development services, nearshore software development has emerged as the perfect solution. In order to help organizations realize the full potential of nearshore partnerships, we analyze in this blog the best practices for nearshoring software development in the biotech and healthtech sector.

Ideal Practices for Nearshoring Software Development if you are in the BioTech and HealthTech Industry

Understanding BioTech and HealthTech Industry-Specific Needs

One of the fundamental aspects of successful nearshore software development in the BioTech and HealthTech industry is a comprehensive understanding of industry-specific needs. A reputable nearshore software development company possesses a deep knowledge of the complexities, regulations, and requirements in these sectors.

By being well-versed in the latest trends and technologies in BioTech and HealthTech, the development team can deliver tailored solutions that address the unique challenges faced by clients.

Leveraging Highly Skilled Talent

The success of any nearshore software development project heavily relies on the expertise of the team involved. In the context of the BioTech and HealthTech industry, working with a nearshore partner that boasts a pool of highly skilled and qualified professionals is paramount.

Altogether, the development team should include software engineers, data scientists, healthcare domain experts, and quality assurance specialists, among others. Finally, this diverse skill set ensures a holistic approach to problem-solving and yields innovative solutions that align with industry standards.

Ensuring Seamless Communication

Clear and effective communication is the backbone of successful nearshore software development projects. When working with a nearshore partner, it is crucial to establish seamless communication channels to bridge geographical and cultural gaps.

Regular video conferences, daily stand-ups, and collaborative tools need to be leveraged in order to foster real-time interaction between the client and the development team. Consequently, such an approach not only facilitates timely updates and feedback but also fosters a sense of unity in pursuing project goals.

Emphasizing Data Security and Compliance

The BioTech and HealthTech industries handle sensitive and confidential data, making data security and compliance top priorities. Therefore, a reliable nearshore software development company should adhere to strict data protection measures and comply with industry-specific regulations, such as HIPAA and GDPR.

Furthermore, robust security protocols, encrypted communication channels, and secure infrastructure are indispensable in safeguarding critical information throughout the development process.

Employ Agile Development Methodology

Agile development has proven to be highly effective in the software development landscape, particularly in dynamic industries like BioTech and HealthTech. By adopting an Agile approach, the nearshore development team is able to deliver iterative, incremental updates, accommodating changes and improvements throughout the project lifecycle.

This flexibility ensures that the final software product aligns perfectly with the client’s evolving requirements and industry trends.

Conducting Rigorous Testing and Quality Assurance

In the BioTech and HealthTech sectors, software solutions play a crucial role in research, diagnostics, and patient care. Consequently, ensuring the utmost quality and reliability is non-negotiable.

A dedicated quality assurance team, coupled with comprehensive testing processes, must be integral to the nearshore software development strategy. Moreover, rigorous testing minimizes the risk of bugs and errors, guaranteeing that the software performs optimally and meets industry standards.

Nearshoring software development in the BioTech and HealthTech industry opens a world of opportunities for businesses aiming to capitalize on technological advancements. By following the best practices outlined in this blog, companies are able to forge successful partnerships with nearshore software development providers, unlocking the potential to deliver innovative solutions that drive growth, improve patient outcomes, and push the boundaries of these vital industries. Through a shared commitment to expertise, communication, security, and quality, the future of nearshoring in BioTech and HealthTech looks exceptionally promising.

Need an A+ team of specialized software engineering professionals in the Life Sciences Industry? Contact us right away!

About ITJ
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 and LatAm. For more information, visit www.itj.com.

Top 10 Tech Jobs in 2023 and Beyond

Posted on July 13, 2023 | by TeresaPenafiel | 4 Comments

It’s no secret that 2023 arrived filled with new challenges and innovations, especially in this competitive industry. But, what if we see all the good sides of things and start preparing ourselves? The fact is that IT talent is still in high demand, and tech jobs are more sought-after than ever. A degree in a computer-related field leads to a variety of well-paying and in-demand careers, with a typical annual salary of $97,430 USD, according to the Bureau of Labor Statistics. The best tech jobs for 2023 have predicted growth rates of 13%, which is faster than the average rate for all professions, and pay significantly more than the $45,760 USD national median salary.

Such a bright future is also alleged by this study, where it is stated that Computer and Information Sciences is the major with the most career offers and acceptance rates, especially for postgraduate degrees, with starting salaries close to $100,000 USD. Additionally, these computer jobs offer attractive benefits packages, including retirement plans, health insurance, and other advantages. Now, to determine the various occupations in this period, we began with those with the highest predicted numbers and proportion of openings from 2020 to 2030, as calculated by the BLS.

10 Highest-Paying Tech Jobs for 2023 and Beyond

1. Information Technology Manager

Median annual salary: $159,010

Job outlook through 2030: 11%

IT Managers generally go by the names of CIOs (Chief Information Officers), CTOs (Chief Technology Officers), IT Directors, and IT Security Managers. While their responsibilities may vary from firm to firm, they often supervise an IT staff and assist corporations in navigating the ever-changing maze that is contemporary technology. IT Managers provide both short and long-term perspectives for the company’s IT requirements and goals, despite the fact that most IT managers have the technical skills to carry out the responsibilities of the employees they supervise.

2. Computer Research Scientist

Median annual salary: $131,490

Job outlook through 2030: 22%

This role has the fewest new positions, but that is because it is a challenging sector to access. Computer Research Scientists are at the cutting edge of technological innovation and are one of the best-paying jobs in technology. The position typically requires a Ph.D., since they invent and design new technology and find new uses for the existing technology. Some computer operations are extremely complicated and need the use of sophisticated algorithms, Computer Research Scientists strive to enhance and simplify current algorithms in order to maximize the computer system efficiency.

3. Machine Learning Engineer

Median annual salary: $122,154

Job outlook through 2030: N/A

The ML Engineer focuses on researching, building, and designing self-running AI systems to automate predictive models – through the use of heuristics. It is a coding job that is always growing and evolving. Besides, to work as an ML Engineer, a master’s degree in computer science, statistics, applied mathematics, or related subjects is needed.

4. Software Developer

Median annual salary: $110,140

Job outlook through 2030: 22%

Software developers create, design, and implement computer programs. Some create new mobile or desktop applications, while others build core operating systems. In any case, software engineers analyze user needs, develop programs, test new software, and enhance it. The current demand for these types of programs, which so many businesses require, raises the professional value of software developers significantly.

5. Data Scientist

Median annual salary: $108,660

Job outlook through 2030: 2.4%

Organizations gather an increasing amount of data every day, making it the most valuable asset, which is why having data science professionals on staff is vital. A Data Scientist is a high-ranking professional with the expertise and interest to produce big data discoveries. According to Burtch Works 2021 research, level-3 data scientist managers can earn up to $250,000 USD, and the study shows that the majority of these professionals hold a master’s degree or a Ph. D. in engineering, math/statistics, or computer science.

6. Tech Sales Engineer

Median annual salary: $103,710

Job outlook through 2030: 8%

Tech sales is an excellent way to begin a career in technology without learning how to code. Plus, skilled engineers are in high demand. Tech sales workers receive competitive pay, commission, and simple education alternatives, often with career assurances.

The majority of Tech Sales Engineers have a degree in business, science, or technology. They must also be technologically savvy in order to present ideas, explain products, and answer questions.

7. Information Security Analyst

Median annual salary: $102,600

Job outlook through 2030: 33% (faster growth than the average)

Cybersecurity needs a new approach. Entrepreneurs cannot afford to take cybersecurity for granted as the world becomes more digitally connected and there are threats everywhere. By the end of 2021, ransomware assaults cost organizations an incredible $6 trillion, and more than 22 billion records were breached. These intrusions highlight the critical need for Information Security Analysts. The common need is a bachelor’s degree in computer science or programming, while some organizations prefer an MBA in Information Systems.

8. Computer System Analyst

Median annual salary: $99,270

Job outlook through 2030: 7%

Computer System Analysts develop and assess computer systems for businesses and upgrade them to make them more efficient, and the majority of them are employed by IT consulting firms. Computer System Analysts top the lists of the finest IT careers because of their high job satisfaction and competitive salary, principally in the areas of cloud computing, mobile technologies, and healthcare (IoMT). Typically, candidates must have a bachelor’s degree in any computer-related subject.

9. Network and Systems Administrator

Median annual salary: $80,600

Job outlook through 2030: 5%

Even though this position has the lowest growth rate don’t let that trick you, organizations need network and system management. Network and Computer System Administrators are in high demand in almost every business in the country today. Every firm makes use of systems and networks and needs to handle its day-to-day tech operations, which include installing and maintaining intranets, etc.

Candidates for the role hold degrees in information and computer science, computer engineering, and electrical engineering.

10. Web Developer

Median annual salary: $77,200

Job outlook through 2030: 13%

Web developers create and manage websites and apps by utilizing programming languages, frameworks, and design skills. They ensure all text, graphics, video, and other components are properly rendered on the website. This is one of the few careers available that do not require a bachelor’s degree.

The bottom line is that technology is one of the most rapidly developing and in-demand sectors that is going to be generating thousands of jobs. Over the next ten years, there will be 667,000 additional jobs in computer and information sciences, according to the BLS. Use this list to estimate the salary potential, educational requirements, and employment chances for your chosen tech profession in 2023 and beyond.