Software development is often one of the most important and revenue-generating operations within businesses. The ability of a business to develop programs and applications cost-effectively dictates how fast they can scale and how efficient their internal processes can be. Although most businesses recognize the importance of software development, it’s too costly for most businesses to hire competent developers for their business. Outsourcing software development to third party companies gives business the chances and access to highly skilled developers in a cost-effective manner.
What is IT outsourcing for software development?
IT outsourcing for software development is the process of outsourcing software development to nearshore and offshore IT teams. These development companies have dozens if not hundreds of skilled IT staff that can help you navigate your projects and help create custom software for your business. From design to implementation, an outsourced IT team can consult with you and help you navigate the entire development process for any product you are creating.
Outsourced teams can help work with you based on your specific needs and budget. In fact, many outsourced teams use a fixed cost and fixed budget approach to your project. You can help explain what your expectations and budget is for a given project and the outsourced team will work with those parameters to deliver your project.
Benefits of outsourcing software development:
Outsourcing is a great strategy for companies that are short staffed or who are looking to get extra assistance on a project. Some of the main benefits of outsourcing software development include:
Access to talent: Talent is generally the largest issue for companies having difficulty with software development. Depending on the type of project you’re embarking on, you need developers and other technical staff with a particular skill set immediately. Trying to recruit and hire staff can take months and tens of thousands of dollars. With outsourcing, you can gain access to these skilled workers immediately and make progress on your project.
Agility: Software teams globally optimize their workflow for agility and reducing time to market. With an outsourced development team, your business can experiment often and move fast by building MVPs and prototypes quicker. You can also use your outsourced team to handle a portion or all of a certain project. The added flexibility and agility provided by an outsourced development team allows your business to move rapidly and pivot quickly when needed.
Cost: Developers based in the U.S. can command extremely high rates as staff or contractors for your business. Many developers opt to work for large corporations like Amazon and Microsoft instead of small to mid-sized businesses. With an outsourced IT team, you can gain access to skilled developers and teams at a fraction of hiring a full-time developer. This cost savings allows you to reinvest back into your project and business and scale your operations.
To learn more about how you can leverage outsourced development teams for your business, talk to an expert here.