All About Offshore Software Development

Benefits of Offshore Software Development

Reduced Development Costs

According to Deloitte Global Outsourcing Survey 2020, around 70% of companies are driven by cost savings to choose offshoring. Due to the lower cost of living in countries like India, high-quality talent can be obtained at significantly lower costs compared to the western market. Offshore Software Development partners have competitive SLAs and pricing models that can cost less by as much as 3 times.

Faster Time-to-market

In a typical software development lifecycle, the company will need to start by hiring resources for the job before actually undertaking development. In the case of offshoring, the time and effort spent on recruiting resources are completely eliminated. The software development partners already have established teams and a network of competent resources who can start work at short notice or even immediately. This results in faster time-to-market and enables companies to maintain their competitive edge.

Access to Larger Talent Pool

Software Development partners have access to a wide pool of talent. This provides clients an opportunity to utilize resources having expertise in a variety of technical domains. It becomes easier to quickly access talent without the need for an internal hiring process for every development expertise the client might need.

Improved Scalability

The needs of an organization can change depending on market dynamics, customers, new technologies, strategies, etc. Offshoring enables you to scale up or scale down easily and only hire the resources you need. This not only reduces the time and effort required for hiring but also makes development cost-efficient, as you only pay for the resources you utilize. Scalability takes care of your current and future software development needs.

Focus on Core Business Areas

Technology is always evolving and in-house software development can be difficult if you need to learn new IT skills for different developmental activities. Offshore software development takes away the hassle of programming and enables internal resources to focus on core business activities. The cost, time and efforts can now be dedicated to marketing, creating superior customer experiences and developing strategies for new products or services.

Challenges of Offshore Software Development

Offshoring comes with a set of challenges that should be navigated carefully to make the most of your offshore development investments.

Difference in Time Zone

As development partners are located in a different countries, there is usually a large time gap between the in-house and development teams. This can result in a delay in development or communication if not addressed promptly. Many organizations have overlapping working hours and dedicated meetings and communication channels to overcome this issue.

Cultural Differences

Communication challenges can arise due to cultural differences between different countries. This can result in a gap in understanding and a significant loss of time and resources. It is essential to choose a development partner that understands the cultural nuances and has a team that has good communication skills.

Security

Data is an asset for any company and needs to be guarded. The absence of proper security mechanisms and agreements between the client and the vendor can make sensitive company information vulnerable to security threats and data leaks. Companies should ensure that their offshore software development partners comply with privacy policies, security regulations and encryption, etc. as per the standards of the client and the client’s home country.

Choosing the right Offshore Software Development Partner

Offshore development service providers are mushrooming in countries like India, which is why it becomes critical to evaluate and choose the right partner for your requirements.

• Companies should always verify that the vendor is genuine and has relevant experience and promised resources. Information on previous projects, references and testimonials, and rankings from specialist websites are a good source of ensuring the credibility of a vendor.
• It is essential to lay out a clear roadmap of activities, communication plans, channels and expectations when contracts are being finalized. This removes any ambiguity and ensures a smooth development process.
• The software development partner should have the required capabilities to ensure the security of your data. They must have strong governance and compliances in place.

OpenTeQ provides Offshore Software Development services for various client requirements. From mobile and web app development to UI/UX design and QA services, our pool of high-quality and experienced resources caters to clients’ developmental needs. Our well-defined SLAs and competitive pricing models ensure that you make the most of your investment.