Internet and computers have become so closely knit to our lives that it is hard to believe life without them. It has given rise to trend of doing most of the things online. This further resulted in exponential increase in demand for new software applications. Building software applications required highly skilled professionals which are scare on certain region or can be quite costly, so building efficient and crowd-puller applications can be an uphill task.
The technological advancement also helped to shrink today’s world to a global village. So we can overcome the challenges by outsourcing our development related tasks to offshore team. Some of the benefits of outsourcing are:
- Cost: Outsourcing a project to offshore team can help in saving around 30-45% of cost as one only need to pay for services per project. Also you need not pay for expenses in advertising job postings, hiring and induction, paid vacations, medical benefits etc. It is one of the biggest advantage of outsourcing. It is prominent factor in making a decision regarding outsourcing.
- Time zone benefits: If you are in US and your offshore team is in India, then virtually you are working 24*7. Any major releases/updates can be implemented during night hours of US, thus minimizing impact of downtime on business.
- Specialized services: Once you have carefully chosen your offshore team, you have a pool of dedicated experts from different geographical locations. It fills gaps in existing organisation. For example, you need a software application written in a particular new technology(like backbonejs, knockoutjs etc) for which economical developers are not easily available. It is beneficial to outsource rather than wasting resources in searching, employing new resource and paying him medical benefits, paid vacation etc
- Focus on core processes: While the offshore team is taking care of the development part of your software application, you can efficiently focus on high level tasks such as improving processes, requirement gathering, reputation with client through effective communication, project management.