Originally published by Angela Scott-Briggs on TechBullion, November 25, 2020
Businesses are increasingly realizing the advantages of outsourcing software development. This is evident from the rapid increase in the number of companies seeing outsourcing services and the growth in destinations and companies offering software development outsourcing services.
The allure of outsourcing software development lies in its low operational costs strategy while leveraging professional software development services, access to top talents, and extensive expertise and experience in the industry.
As such, Saigon Technology will enlist the top ten benefits of outsourcing software development services to bring to your businesses.
Top Ten Benefits of Outsourcing Software Development
Many studies have proven that agile methodologies for software development are more effective in achieving product value and quality. Agile methodologies allow for continuous iteration of the product by incorporating feedback from stakeholders, particularly the end-users, increased collaboration, and continuous testing. Consequently, software products developed using these methodologies meet the highest quality threshold and address all unique business needs.
Hiring in-house software development is costly, particularly for small and medium-sized enterprises that strive to minimize costs. Outsourcing makes it easier for businesses to access the top talents and services without incurring the costs associated with hiring, training, and housing in-house software development teams. Furthermore, businesses eliminate the need to invest in equipment and other tools required for successful software development.
In addition to saving costs, outsourcing is also helpful in saving time for businesses. A short time-to-market is very important in today’s business landscape, where there are narrow windows for capitalizing on emerging opportunities. This calls for faster development and deployment of software products. Unlike setting up in-house teams that subject businesses to long hiring and training processes, outsourcing software development eliminates these processes, thus investing more time in executing the project. Additionally, access to top talent means the development will be executed faster and with higher precision.
Most software development projects are short-term, and thus it is impractical to hire an in-house developer for such. However, outsourcing software development gives you the flexibility of hiring developers on a need’s basis. Once the project is complete, you have no obligation to keep them around unless you need support services or have another project you want to execute.
Future-proof Your Business
Today, there has been an upsurge in utilizing disruptive technologies such as AI, Machine Learning, Blockchain, IoT, and 5G, among others. Outsourcing provides the easiest pathway to leveraging these technologies to future-proof your business.
Most businesses lack or have limited internal expertise, experience, and knowledge of developing impactful software solutions on time. Outsourcing development grants you access to experts with extensive industry experience, allowing them to apply their knowledge and expertise in solving your business needs. You wouldn’t get access to such expert services at an affordable cost with in-house developers.
Focus on Your Core Business
Handling projects in-house often makes businesses run the risk of diverting their time and resources in executing the project rather while losing sight of their core business. Outsourcing software development allows businesses to channel their time and resources towards executing their core business as the offshore developers handle the development.
Software outsourcing is not exclusive to large enterprises. Small businesses and established enterprises alike can rely on outsourcing services to address their software needs. Small and medium-sized enterprises benefit from reducing human resource costs while established enterprises benefit from better personnel distribution. The bottom line is that irrespective of your business’s size or area of expertise, you can still leverage the numerous benefits of outsourcing software development.
Reach A Broader Market
A business’s potency is defined by its ability to expand to new markets and expand its revenue base. Achieving this requires applying industry knowledge from a global perspective. Outsourcing companies work with clients across industries in various parts of the world. This gives them a reliable understating of the global market trends, and this knowledge can be applied through software development. Outsourcing allows you to work with talented developers who can propel your business to the next level by bringing a global perspective in designing and executing your software product.
Trusted Support Services
As highlighted earlier, outsourcing is now a norm for most businesses. More businesses are outsourcing IT support services, giving them more room to focus on their core business. Outsourcing software development translates to easy access to real-time support and maintenance for your software. Additionally, you get to enjoy timely upgrades, advanced cybersecurity features, and migration support.
Overall, outsourcing helps you access trusted and professional support and maintenance services, often at a cheaper cost compared to hiring local IT support.
The overall awakening in the industry on the benefits of outsourcing only means the industry is set to grow. This also means that businesses will have endless options for outsourcing partners to choose from. Hopefully, this post has provided you with a decent understanding of some of the benefits of outsourcing to help you take that important step towards elevating your business to the next level.