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Offshore Development: A Guide To Maximizing Productivity While Keeping Costs Low
Transparent communication and setting up expectations should be taken care of during the initial stages of hiring offshore developers or teams.
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Owing to the COVID-19 pandemic, more and more companies are open to exploring the concept of outsourcing. According to Statista, the worldwide outsourcing market was worth $92.5 billion as of 2019. Of all the sectors that outsource, the IT sector adopts outsourcing more quickly. Software development has been outsourced since the 1980s. The offshoring statistics released by Fortunly indicate that 64% of offshore IT outsourcing is for software application development. The number indicates the suite of benefits outsourcing software application development comes with. Particularly, offshoring—moving a company’s processes, such as software development to another country—has profound benefits.
Lower Overall Delivery Costs
Developing software in-house brings along with it the additional costs of hiring, training, and housing staff. If a company has a restricted budget for software development, outsourcing it to offshore teams is an option to bring down the overall delivery costs. While opting for outsourcing to offshore development centres, companies can hire offshore teams based on the project requirements, engagement models, and cost. Companies like Vuram, have people experienced in various emerging technologies who can deliver top-notch service for global enterprises within the company’s budget. Since offshore teams use their own hardware and networks, companies need not spend on infrastructure.
A highly professional offshore software development company will understand the requirements of the client at every stage and will accordingly fulfil their needs. Via this route, entrepreneurs can be assured of receiving exceptional operational support every step of the way. The experienced professionals of an outsourcing company are well-aware of the market scenario, which is why they are best suited to help save your time, money, and efforts. When you opt for offshore outsourcing, you conveniently get a team of highly qualified experts that follow the highest development standards. Overall, offshoring emerges as the best option for companies that do not want to compromise on quality and reduce delivery costs.
Outsourcing Companies are Experts in Various Technologies
Often a specific project may demand certain complex skill sets or know-how that a company’s employees may not possess or that are not readily available. In such cases, software development cannot be feasibly developed in-house. By turning to offshore companies for assistance, businesses can visibly gain a competitive edge. Companies can partner with an overseas outsourcing company that has an exemplary track record and prior experience on the technology and build cutting-edge solutions without having to master and hone those technologies themselves. With this model, well-trained technical human resources are readily available thus eliminating the need to hire and train them.
Work with a Focused Strategy
Sometimes in-house teams can be overloaded with projects. Offshoring reduces the burden on IT firms by reallocating certain functions that would otherwise take up their time and attention. As a result, business personnel can stay relevant and focus on the key business functions and also need not compromise on the quality and timely delivery of projects; these factors can significantly reduce the time-to-market and act as a crucial advantage for any modern company. Business personnel will also be able to focus on customers and on other vital parameters such as marketing, branding, agility, and efficiency.
Collaborate with a Global Talent Pool
The pandemic has clearly proven how remote working is a highly viable option as compared to onsite working for many businesses. Keeping this in view, it can be safely said that onshore or near-shore resourcing for many software development companies have very little to negligible incentives when it comes to delivery of projects. Despite the abundance of in-house talent, the outsourcing strategies have been adopted by major companies and even start-ups because they open up a wider talent pool; companies can hire talents from around the world. Hiring the right talent, irrespective of the location will ensure smooth business operations and improve productivity. However, it is important to remember that gaps due to cultural diversity should not pose a threat to the project delivery. Transparent communication and setting up expectations should be taken care of during the initial stages of hiring offshore developers or teams.
The current crisis presents a lucrative opportunity for building and hiring offshore software development services. While leveraging it to restructure your business and save money, companies must also focus on picking the right offshore team that can help accomplish the business goals.
Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.