Building a tech startup from scratch is a journey filled with challenges, more so with rising costs, tighter competitions, and dynamically evolving Top-Notch software technologies. That is why it is not surprising that many corporations and startups alike turn to offshore software development in order to support their goals.
Did you know that Global IT outsourcing is expected to be worth a staggering $413.7 billion in market revenue? This depicts an evolving demand for offshore software developers as startups try to mitigate costs while getting the most of this popular form of collaboration.
With that being said, look out for the following signs if you are not sure if your company is ready for offshoring or not.
1. Increased Expenses
There is always an increase in expenses in the absence of qualified software resources, expenses to hire professionals, and expenses to train, to name a few. There probably be significant differences in the salaries paid overseas with offshore development, even when working with the same level of qualified professionals. It can be true mainly in those countries that are recognized for their software development centers.
2. Not Able to Focus on Core Business
Having to deal with your in-house software development team imposes a substantial burden on your organization along with the increased operational costs in case your primary business is not the development of software. You have to reach a cost-benefit trade-off in such situations, and consider methods in which you can attain an advantage from offshoring a part of your services.
3. Diminished Quality and Innovation
Innovation and quality are the two major concerns for any company. Probably it is time to get highly qualified professionals on board that follow the appropriate standards in software development if you see yourself not being able to offer quality products. You have to do these things if you strive to develop a team of your own with the same level of quality: either hunt for extremely expensive resources or invest a hefty amount in training. It probably is some time for young professionals to have that maturity that is required for project management, let alone a new product release.
4. Ambiguity in Scheduling Resources
Without a doubt, scheduling resources is one of the toughest tasks of assembling a good development team. Identifying what needs to be done on a priority basis, which resource is responsible for what task, and determining the time frame in which particular tasks should be completed is not as easy as it sounds. Thanks to offshore development as it plays a pivotal role to solve this problem. You can get access to the appropriate resources whenever you need them instead of having to hire your own programmers and developers.
5. Late Sittings To Meet Deadlines
Immediate resolution and identification of issues are critical when there are only a few resources and deadlines to meet. You can greatly benefit from a few extra hours ahead or behind your local time with an offshore software development team. Work beyond their normal hours to meet crucial milestones. Your offshore team can implement changes to deliver an efficient solution to the client on time.
6. High Levels of Resource Attrition
A high level of attrition is not easy to handle. Substituting key resources in the team, and re-allocating tasks always results in work delays. Thankfully, an offshore company provides a resource replacement immediately with a similar skill set to ensure that the project does not falter.
7. Poor Work Quality
The challenges can be innumerable while working with an in-house development team that is not so adept at software development, which ultimately results in high quality of work around-the-clock difficult. One non-negligible advantage of heading towards offshore software development is you get a chance to work with the industry’s experts.
8. Unmotivated Employees
There is a high possibility that your business does not require the same set of resources all the time. Resources might be under-worked or over-worked during different phases and periods of software development, which normally results in unmotivated employees. By offshoring, you can have extra resources working during particular peak periods, or switch positions and roles to a more operative level during other times.
9. Lack of Collaboration
Assembling a team from scratch for a new software project requires time, and of course money. Since an offshore software product development team already has experience working together, it helps to save money and time. The team can readily jump right into the development of your software as it is already familiar with collaborating together.
10. Delayed Time To Market
Last but certainly not least, if you experience a delayed time-to-market with most of your products, here’s a red signal for you, indicating that it’s high time for you to consider offshoring as the development team. With the right development process and tools in place, and by discluding unnecessary steps in the process, the offshore team can get started quickly, and finish your project immediately.
Choose What is Best For Your Business
Unquestionably, offshore web development has proven to be extremely profitable for several companies across the globe. We are living in a connected work driven by the onset of new digital capabilities, having a highly experienced and devoted team that works to their full potential is everything that is required to meet all your goals.
Thankfully, globalization lets companies make the choice to outsource to achieve a competitive edge. Although cost saving is a significant driver for offshore software development, the specialization, and expertise that you attain permits you to focus on your company’s main goals and core areas.
You can always choose to onshore, nearshore, or right shore your services if offshoring is not of any interest, or use hybrid services if you want to, alas! There are various options. So go ahead, pick an appropriate model, outsource a part or all of your web development products, and get quality products at reduced costs.
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