How T&M, changed the world..!

West call it T&M ( Time & Material ), East call it Outsourcing, call it whatever name you like it. It doesn't make any difference, what is more important it changed the world for Both East & West. East gave West, the economical way to get their Tech build and managed well. And West gave East, just hold your smart phone, what ever it costed you, the apps you got in is worth millions of dollars and East enjoy it for almost free of cost.

For that matter, even where I am writing this article, Linkedin hardly charging me anything, not only giving me the tech infra to craft it, but also the audience for it. And the picture I used is not even costed me a penny, thanks to Ai generator, a simple prompt got this T&M picture for software world.

Now, the How it changed the world. is west enjoying cost effective ways of doing things, and East enjoying almost free Tech, is that we call the changed world. in some what sense we can say. But the real essence for us as human race, How well and How fast we humans can grow our productivity curve. In the end only thing matter is the Productivity curve, how any economy is performing, what's it's GDP, how well it's growing, all of these comes secondary. what actually matters how steep we are making our Productivity curve as collectively, is what making us as human race better in long run.

Till the industrial revolution, we hardly had the ways to have T&M. Tech revolution not only changed things, it acted as a creature, and also made it's way how to become bigger & bigger in size.

Now, the billion dollar question, if everything is almost free, where the money is coming. it's SaaS, almost all tech industry is consolidating to SaaS model, where we pay monthly for using it's Company's offering as Tech-Product, whether it's in form of Consuming content, or using prime for priority delivery, or what not..! Currently it's 195 Billion dollar, and it will become around 500 Billion in next 4 years, more than doubling it's size.

Like Adam Smith explained well, in "The Wealth of Nations", if any entrepreneur does division of Labour well, it gets the best best productivity with efficiency and at best cost. Just think, how good it could be, being a SaaS-Product owner, if you could only focus on your business challenge and tech is being taken care by your extended team, your T&M partner.

T&M has changed the world in many ways, think how it can change your world...!