Be it a website, app or any other form of software, the toughest challenge that most businesses face is to find right talent, hire them and retain them in-house. Startups, especially, have a limited budget and can’t bear the high cost of hiring experienced developers for specific requirements and managing their IT requirements. These are the major reasons why many businesses, regardless of business size, go for offshore software development - A panacea for all software development woes.
Offshore development is synonymous to outsourcing your development project to a company or freelancers located in some foreign country, like India, Ukraine, etc. The best part though is you still control everything from within your organization, that too with reduced costs and more time at your disposal to focus on other core activity of your business. Also, there are many free project management tools available in the tech market, like FindNerd and Trello, to help monitor development process and collaborate with offshore developers for the best outcome.
You may have a great business idea for an app or website, but without access to wide skill-set professionals, it’s very difficult take your idea to fruition. This is one of the major reasons why offshoring has become very popular in countries like US and UK. Software talent in these countries is very expensive and the cost of training and retaining them is also too high. Let’s take one by one the benefits of offshore software development that largely outweigh the benefits of having an in-house development team.
#1 Significant Cost Savings
In Western Europe or North America, the cost of hiring software developers is approximately 90% higher than the cost of hiring offshore developers. It’s no secret that outsourcing your project to a software development company saves 20 to 40% of your total expenditure on your production cost.
You need not to bear the high expense of paying fixed salaries. Outsourcing allows you to hire professionals and pay them based on the task they have performed and the number of hours they have spent on it. By deploying a good project management tool, you can keep complete track of resources that have been assigned and their activities towards the completion of your project.
Another cost advantage of outsourcing is that you free yourself from buying expensive IT infrastructure and set-ups. Thus, you can use your capital for other important business investments.
#2 Improved Focus on Business and Customer Base
Having outsourced your IT requirements to an offshore software development company, you find ample of time to focus on other core areas of your business, like marketing and branding of your business. You can devise new ways to boost your marketing and sales effort so that you have a good user base after your software enters the market. Being able to focus on other core areas of your business, you get a competitive advantage in the technological race.
#3 Hire Talented Professionals You Can’t have In-House
Technology has become very diverse, and so as software development project requirements. And, it’s not only expensive to hire wide skill-set professionals, but finding them and roping them in is the toughest call in the first place. Offshoring comes as rescuer here by paving the way for you to hire nothing less than the best for your software development project.
Most of the offshore software development firms have a large pool of resources and technical expertise readily available to fit even the toughest software development and testing requirements. It’s just one time investment after analyzing your specific requirements and project size. Besides, there is no headache of recruiting, hiring, training, and housing employees for short-term projects.
#4 High Quality
Since your project is being taken care by expert designers and developers who use latest tools and technologies, the quality of the project is always on a par with international standards. If you are not satisfied with something, you can always ask the offshore development company to redo so that it precisely meets end user requirements. By outsourcing your project, you can ensure that your software delivers accurate results and is in line with current market demands.
#5 Infrastructure and Environment
For developers, it’s very essential to have right IT infrastructure and environment to give their best. Most offshore software development companies are serious about their job and have sophisticated infrastructure and favorable business environment. As a result, productivity and efficiency rise by many folds.
#6 Highly Secured
Another advantage is the fact that most offshore software development companies offer high-tech security. They provide complete security to your confidential data and property.
#7 Timely Delivery
Software project requirements are often very complex and may require dozens of people working on different parts. Therefore, it becomes very difficult at times to figure out the accurate number of people you need to hire for timely completion of your software project. Besides, if some of them leaves in between, the team size shrinks, resulting into low productivity and pushing the deadline further. However, same is not the case with outsourcing. A good offshore software development firm provides you the actual number of people your project requires for timely completion.
To ensure timely delivery, you should choose a firm that has a good project management system, like FindNerd, as it helps track resources and keep a check on productivity on day-to-day basis. Besides, you would only pay for the number of people who actually worked on your development project.
Offshore software development has emerged as a very lucrative option for businesses to reduce overhead costs and get a quality product developed, that too on time. There is no need to have an in-house development team when an offshore firm can arrange everything your project needs at economical prices. If you are also looking forward to get a quality product developed through an offshore software development company, let us know in the comment box below or click here.