Offshore IT Solutions: A Cost-Efficient Choice for Software Projects
In today’s digital world, software development is at the forefront of business solutions. In order for businesses to remain competitive, they have to make sure that they have the software that they need to be able to run their business smoothly. However, the cost of software development is huge, and it can be really hard for startups and medium sized businesses to be able to bare that cost.
This article breaks down the real cost of software development, allowing for understanding how this works ad why offshore IT solutions are indeed a great idea.
Understanding the True Cost of Software Development
The cost of software development is more than just the salaries of developers. It includes the costs of human resources needed, tools and technology stack, development time, operational overheads and even the costs of different updates and regular maintenance. All of this summed up adds to a huge amount, and most businesses largely struggle when it comes to bearing this cost. Say even if you are trying to make a mid-sized app, it ends up costing you several hundred thousand dollars.
Why Is Offshore IT Outsourcing a Good Idea?
This brings us to the real question: why is offshore IT outsourcing the best option? Several companies all over the world are now opting for offshore IT outsourcing, due to the huge costs that it helps save. Offshore companies that handle IT related work are situated in many different parts of the world, mostly India, Philippines and Poland, where the cost of living is low, and a talented workforce is available at a relatively lower cost.
Here are a few of the major advantages that offshore IT solutions have:
·     Lower Labor Costs
Offshore IT outsourcing allows companies to gain huge cost savings due to lower costs that have to be paid to them. They can hire labor at only a fraction of the cost that they would have to incur if they chose to use in house labor. This leads to the being able to save up on a lot.
·     Access to a Global Talent Pool
Offshore partners usually have a great pool of talent who knows exactly how they have to work. They are proficient in several different technologies, allowing for companies to be able to achieve what they want to in the best way possible.
·     Round the Clock Availability
Businesses nowadays are going above and beyond. 76% of customer care teams provide support outside of regular work hours, per Hiver’s 2021 benchmark report. Approximately 35% of them offer round-the-clock customer service. What benefit does offshore outsourcing offer, though? The majority of outsourcing businesses are open twenty-four hours a day, seven days a week.
·     Scalability and Flexibility
Offshore IT solutions also allow for companies to scale very quickly. This means that even if you have an urgent requirement for something, these companies have help you achieve exactly that in the given timeframe that you have, largely due to the flexible setup that they offer.
·     No Infrastructure Costs
Workstations, equipment, and office space are usually provided by offshore vendors to their teams, saving you money on operating expenses.
How to Choose the Right Offshore Partner
So how can you choose the right offshore partner for yourself? Here are a few tips that can be super helpful for you in doing so.
·      Check Technical Expertise: First and foremost, you need to check the expertise that they have. In doing so, you can ask for their portfolios and even for a small trial project to help out get a good idea.
·      Cultural Fit: Since you have to work with them on several different things, you should also check if you have a sound cultural compatibility. Try to go for a team that speaks your language and has values similar to yours.
·      Time Zone Compatibility: If your time zone matches too, then working together becomes a whole lot easier, making things much simpler for you to do.
·      Data Security: Try to always ensure that your partner follows industry standards for security and compliance in the best way so that there are no bottlenecks in the workflow later on.Â
Conclusion
You don’t have to spend a lot of money developing specialized software. You may reduce expenses and increase productivity with the correct strategy, and offshore IT solutions provide just that.
At TPLEX, we can help you with all types of cost effective IT outsourcing for small businesses. You can get in touch with us and we will help you every step of the way!
