5 Key Benefits of Offshore Development
By DBOS | May 10, 2021
While the COVID-19 pandemic has caused so much disruption to the workplace, it has come with a silver lining — offshore outsourcing, a concept that more and more companies are beginning to take up.
According to Statista, the outsourcing market was worth $92.5 billion in 2019 and the trend is expected to continue in an upward trajectory.
Of all the outsourcing sectors, the IT sector has adopted outsourcing the quickest and this is because outsourcing offshore software development offers many benefits, which include improved productivity and cost-effectiveness.
Let us take a look at how doing this will impact your business.
Offshore Development Reduce Total Cost of Delivery
Developing software in-house will require heavy spending not just for hiring, but training, and housing staff. If a company’s budget for software development is restricted, a great way to bring down overall costs is by outsourcing it to offshore teams.
While choosing to outsource to offshore development centres, companies can hire offshore teams based on many criteria, such as project requirements, cost, and engagement models.
Some outsourcing services have people who are highly experienced in emerging technologies that are capable of delivering high-quality services for global companies within the budget of the company.
By doing this, companies are able to avoid spending on infrastructure since offshore teams are responsible for providing their own hardware and networks.
A highly professional offshore company that offers software development services should understand a client’s requirements and should respond to their needs accordingly. Through this route, entrepreneurs can be sure that they will receive the best operational support all the way.
Outsourcing companies comprised of experienced professionals that know the market scenario very well, which is perfect for organisations looking to save time, money, and effort.
When you chose offshore development outsourcing, you get access to a team of professional experts that follow the highest development standards. In all, offshoring has emerged as the perfect solution for companies who want to provide the best quality and reduce delivery costs at the same time.
Outsourcing Companies are Experts in Various Technologies
Oftentimes, complex skill sets or knowledge are required for a specific project that the employees in a company may not have. It becomes difficult to set up in-house software development teams in such cases.
However, when businesses turn to offshore companies for assistance, they are able to gain a competitive edge. Companies can partner with an overseas outsourcing company that has a great track record and technological experience to build exceptional solutions without the need of mastering those technologies themselves.
This model ensures your organisation has a well-trained human resource readily available thus taking out the need to hire and train your own team.
Work with a Focused Strategy
There will be times when your in-house teams will be overloaded with projects. By offshoring, the burden on IT is reduced as certain functions that would have taken their time and effort is reallocated.
Due to this, business personnel can direct their focus to key business functions without compromising on quality and delivery timelines. This also lets business personnel focus on customers and other crucial aspects like marketing, branding, and efficiency.
Access to a Global Talent Pool
The Coronavirus pandemic era has proven clearly that remote working is a viable substitute for on-site work for many businesses. Even with a large group of in-house talent, major companies and even start-ups have adopted outsourcing strategies because this opens them up to a larger pool of talents from every corner of the world.
While hiring the right talent from different locations can facilitate smooth business operations and boost productivity, it is, however, crucial to keep in mind that cultural diversity gaps could pose a threat to the completion and delivery of projects. You should ensure transparent communication and determine reasonable expectations at the initial stage of hiring offshore developers.
Related article: 3 Things to do Before Hiring a Software Outsourcing Partner
The COVID-19 pandemic has created a great opportunity for businesses to build professional software development teams through offshore outsourcing at a level never done before.
Any serious business that values productivity in the workplace would seek offshore software development services because it is associated with low operation costs, access to a pool of large skillsets and having work done on time by an experienced development team.
As the adoption numbers keep going up exacerbated by the pandemic, firms will continue to find better ways to build a team of expert web or app developers overseas now and into the future.