Offshore Software Development
The value of saving time can be traced from the cultural inferences of Daylight Saving, which is to make the most of daylight time. Many businesses are inclined to save time and money. Opportunity cost analysis and margin analysis are the key tools used by businesses today to choose the best alternative in a given situation and what gives them additional benefits at lesser cost is the key. Offshore software development is one such trump card for businesses to leverage on, to be on the winning side.
What is Offshore Software Development?
It is similar to outsourcing, but outsourcing to countries with different time zones is what is called offshore outsourcing. Companies outsource/delegate a lot of their technical work to other parts of the world due to availability of skilled labor force, lower cost of labor, technological expertise, quick turn around time and so on. ‘More outputs with lesser inputs’ is the driving force for a lot of businesses to delegate their work to offshore Software Development companies in other parts of the world.
What Technology Jobs are being delegated?
Some of the technological or all of the technological jobs of a company are delegated to an Offshore Software Development company depending upon the requirement. The jobs could range from a modest coding to custom developments involving niche skill sets to perform the job. It could be for developing a software and maintenance or either of them or it could be for testing services. It could be for development of website and their maintenance. With increased use of mobile apps, a lot of offshoring is now done for developing Mobile applications, developing e-commerce and web applications too are in the rise.
Advantages of Offshore Software Development
There are numerous benefits in opting for an offshore development company:
The cost of hiring and empowering an in-house team for software development is substantial. By offshoring the technological jobs, companies can reduce fixed costs substantially. The cost involved in hardware and software for the development is also reduced. Hence, it is a cost -effective option that companies can benefit from.
Focus on the business strategy
The management can spend their valuable time on strategic planning and implementation to achieve the desired business outcomes, while the offshore software development company can handle all their technology-related projects. They provide the benefit of time to the company.
Access to expertise & niche skills
The talent market may not be always favorable to the business. The availability of a skilled labor force is not assured round the clock. The best alternative would be to go in for offshoring the job. Companies can have access to expertise, niche skill sets and tech talent pool. It’s a ‘plug and play’ feature that businesses can utilize to their advantage.
‘Buy and sell’ gives better time-to-market than ‘Make and sell’. It’s as simple as it sounds. By buying the professional services from the offshore software development company, rather than spending time on hiring and developing teams to work on products/services certainly gives a strategic edge over the competitors with faster time-to- market.
These are some of the major advantages that businesses consider while deciding to opt for the same. The decision assures them a better SWOT position compared to its competitors.
How does an Offshore Software development company support and sync in achieving the desired outcome, operating in another part of the world?
These days, businesses prefer a lot of face-to-face and personal interactions with all their stakeholders to bridge their communication gaps and set the expectations right. But when it comes to interacting
with people who are miles away, it is a challenging task to communicate the requirement and receive the output as required.
An Offshore Software development company offers professional services by setting up clear processes
and protocols to deliver results. This is how they do it:
- The offshore company deputes project specific lead/Project manager who ensures smooth communication and delivery of the project on time
- Engage interactive communication platforms to conduct frequent meetings, discussions to ensure things are on the right tract. Skype, Zoom, Microsoft teams comes handy to serve this purpose
- Use software development tracking tools to monitor plan, track, prioritize and deliver the output required by the client/ custom model
- They are trustworthy, professional and maintain confidentiality of the project
The opportunities for businesses to achieve their targets by collaborating with an offshore software
development company are numerous. Get in touch with KMTEQ today and get your work done as expected within your budget and timeframe.