Nowadays, most startups, as well as established enterprises, are looking forward to finding the best solutions to their development needs. And working with an offshore team looks like a wise decision.
So, Why not Outsource?
There are a number of outsourcing facts and statistics that show this business strategy is worth implementing. So, without further ado, let’s discuss;
Benefits of Offshoring or Hiring an Offshore Team:
The main advantage of an offshore model is cost-effectiveness. It allows you to finalize various projects at reasonable and cheaper rates. This, in the end, manages to maximize profits. Apart from the monthly savings on operational overheads, it helps you to save big on setup cost and capital expenditure.
No need to worry about personal space, HR team and other laborious tasks. Pay as long as your project assignment is under development. Isn’t that hassle-free?
Do you know?
According to KPMG, approximately 84.2% of the outsourcing deals are made from the USA annually. With 5% of the shares, the UK comes second. In both the countries, the cost of living is higher, therefore, developers native to these countries cost higher ($100 – $150/hour).
Whereas in a country like India, China, the Philippines or other similar countries, the cost of living is not higher in comparison to the USA and the UK. Consequently, Indian developers and developers from other countries charge ($10 – $40/hour). That’s a huge difference.
2. Flexibility & Scalability:
Many startups & small companies do not monitor or follow every step involved in the development process closely. There are two reasons behind it:
- Lack of Skills
- Lack of objective targets
Failing to measure the success of products, can be disastrous for a small business. In such a situation, such companies prefer to hire developers and leave project management responsibilities to your offshore partner.
Once you have finalized an offshore team, you will get a chance to select developers, designers, and a team leader. Furthermore, you can add or remove any of the programmer or designer at any moment for valid reasons.
This flexibility will give an organization total freedom to make their development process more transparent and hassle-free.
3. Quality of Service:
If your in-house team is missing the can-do attitude, it’s better to outsource. Not just the attitude but experience working with different industry verticals will certainly put your offshore team one step ahead of your in-house team.
On top of that, if you are working with a dedicated team for your project, you can stay rest assured about the quality. Because your team will be dedicatedly working towards achieving the one single goal, rather than working on multiple projects.
Plus, an external team will reach out to new insights or brainstorm you with the suggestions. And maybe these ideas will help to improve the overall development of your product by letting you leverage innovation & creativity at each stage of the development cycle.
4. Time Zone Differences:
The difference in time can be a boon or a bane, depending on how you look at it.
We know that there is a time zone advantage between India, the USA, and Europe. By outsourcing to India, companies are utilizing the time zone difference to their advantage & providing 24*7*365 days support/services.
And, if you are worried about the issues that may arise at the end of your business day, outsourcing can help you resolve the issues even before your next business day will begin. Isn’t that a relief?
5. More Focus on Your Core Business Activities:
Working with an offshore development team allows you to focus more on your core business functions. You need not worry about managing the complex and time-consuming process of website or mobile app development.
When you associate yourself with a dedicated offshore development center, you will get a team of developers, designers, and a project manager. So, your offshore developers will be responsible to deliver you the quality software.
All you have to do is coordinate with the project manager. This will help your company to focus on core practices without the additional stress of running and managing the development of your product.
Therefore, with less burden and extra focus, your in-house team can leverage their strengths and work towards the augmentation of your business.
6. Shared Responsibility:
You can not underestimate the risk factors involved in the development of software. Both parties agree on the terms and conditions, and the impact and risk management is shared among them while outsourcing.
Outsourcing moderates risk exposure as your service provider will share the responsibility with your company. It provides support on overall risk management as it helps you adapt to changing market conditions.
This ‘sharing’ not only leverages the delivery of services across business units but also represents a ‘sharing’ of accountabilities and responsibilities between the shared services organization and its customers.
It is useful to understand how risks may emerge and how they can be mitigated with adequate preparation.
Detailed scope of work, detailing assumptions, entry and exit criteria, as well as acceptance test documents can help mitigate risks.
7. Cultural Advantage:
Every organization has a different culture and different aspects of working. When you hire an offshore team, you will get introduced to a new way of doing a thing or you can peek into different cultures of working. Sometimes, it may turn around as a benefit for your company.
Outsourcing to India is the best example of Maximizing Cultural Compatibility.
India is greatly immersed in Western culture, from entertainment and politics to business and tech. Moreover, India was colonized by UK, Netherlands, and France in the past, and continue to embody some of their values and cultures until the present.
This greatly places them during a strategic position wherever they will relate and understand to several nations, while still embodying their own principles like hard work and perseverance, as well as warmth and friendliness.
So cultural compatibility should be one of the important things to consider when choosing who to give this valuable job. Never underestimate the importance of cultural compatibility, as the result can be the key to elevate your business to the next level.
Recommended Read: Why should You Elect India for Mobile App Technology
8. Excellent Resources:
Technology is evolving every day, and maintaining with the growing economy will be rewarding. By outsourcing your software development, you’ll get access to new ways for getting things done, and meet innovative people with strong and numerous technology experience.
Therefore, access to the best technology, manpower, and equipment is possible while working with an offshore development center.
This will help them to finish the project successfully and hence the issues are clarified and an excellent strategy is executed.
Outsourcing is also an excellent way of testing out the available resources that will help your company to make any huge commitment. Ultimately, your company will realize that your outsourcing partner gives you the added value in the long run.
In this era of technology, there is a boom in the demand of offshore development model. Hence, it is now easier to manage offshore operations from across the globe.
In the end what matters is the experience, skills, communication, and dedication. Before you make a final decision, do your homework regarding what kind of team can prove to be a perfect option for your project.
Therefore, if you are looking for a way to kickstart your projects without any hassles, just go for it.
In case you have any query or project to discuss, drop your requirements at firstname.lastname@example.org & our team will get in touch with you shortly!