Behind almost every Fortune listed & unicorn effortlessly avoiding tech debts while staying atop the game, there is an offshore software development company. What makes offshore software development THE secret sauce to digital success? Up next!
Exploring the opportunities in the digital space for business growth is not a ‘maybe later’ thing anymore, it’s an immediate necessity. However, to develop a piece of software while ensuring no tech debt piles up in the process, isn’t as easy as it sounds in a sentence. Every contemporary business trying to make a mark in their respective industries, has two probable ways to stay ahead of the competition:
(1) To endlessly expand the in-house development team
Yes, imagine recruiting a couple of developers for each tech expertise that a project may demand!
(2) To let an offshore development company take charge of development
While the in-house team carries on with the high-priority business basics
In-house team expansion lengthens the development cycle as you need to take care of the recruitment first and bear the burden of salaries even after the development needs are over.
Opting for offshore software development you save a significant amount of cost as you only spend on-demand and yet, avail an entire pool of talent that does complete justice to your needs. Brownie points for the insights that go into your project straight from your chosen offshore development company’s years of experience!
Too much information? Breaking them up for you ahead!
Development needs have gone up significantly over the past few years, especially ever since COVID-19 has shaken the socio-economic norms. To keep up with the swiftly evolving ‘growth hacks’, smart businesses like yours, have been in search of a way that’d let them:
Get the best of in-house process efficiency
Deprioritizing the software needs.
That’s exactly how the idea of software development outsourcing emerged.
Offshore software development is a part of that outsource concept, which ideally means outsourcing to a distant geographical location, mainly to make quality code meet development-under-budget. With software development offshore precisely,
You convey the needs to the chosen offshore development company , keep in touch to check progress & test developed modules,
The development partner takes care of end-to-end development & project management while managing every risk that may come up during the process and finally, hand you over a fully functional software within a said timeline
Clearly, with the digital-first approach taking the global business scenario by a storm, now is the best time to give offshore software development services a serious thought !
While there’s no hard and fast rule of how to hire offshore developers, we at BinaryFolks have crafted a tried and tested process for your convenience. Take a look!
[a] Define your development goals in-line with your business needs.
Pro tip : It should be detailed enough for your offshore software development to envision it straight out of your head!
[b] Identify the skills your project needs to bring the best out of the project requirements.
Pro tip: It’s a good idea to look around the tech trends across the current market for starters!
[c] Set a reasonable budget so you don’t get confused by varying pricing quoted by vendors during your research.
Pro tip: Start with an expert consultation!
[d] Shortlist offshore development companies from India & go with the one that fits your bill & expectations.
Pro tip: You can either put budget ahead or quality - weigh the consequences ahead as you make the decision!
While it’s true that the faster you start with the development, the closer you’ll get to its business benefits. But first, let’s go over the factors that will help you choose the ‘right’ offshore development company to bring your dream project to life!
So, the goal is to reap three major benefits from offshore software development:
Now, the expectation gets clearer right?
To find an offshore software development partner that brings the right blend of technical and management skills with fair experience across the end-to-end development cycle - right from consultation, strategizing, execution & testing up till post-launch support.
So, make sure you have in-depth knowledge of the following aspects before you zero down on an offshore development partner!
Read more about : How to hire the best software development company
Also termed as local outsourcing, is an approach where your chosen development company is located in the same country or region. While it implies there’s no language or timezone barrier, there’s no significant cost benefit as well.
Nearshoring refers to hiring a software development company from a comparatively distant location which still shares the same time zone. It imparts no significant cultural difference & very little cost benefits.
Making it to the biggies tech checklist, this concept refers to selecting an offshore software development company located in another country. While there comes time zone & cultural differences, the cost benefits for the expertise availed, are also unmatched.
Offshore software outsourcing is often highlighted for its striking cost benefits but there’s factually, a lot more than that! Let’s dive right into it.
Putting together a development team in-house for a particular project has clear cons. Think about,
What happens when the project is developed?
You either have another development need lined up or none at that given point.
[A] In case of no project requirement,
(i)You still have to bear the salaries, infrastructure & establishment cost associated with the recruited team.
(ii)Doesn’t sound like a wise act, right?
[B] Moving on to another possibility, where there’s another project queued up next. What are the chances that it’ll demand the exact same expertise as the last one did? Ermm..practically, no one knows.
(i)That means, either recruiting more folks based on specific needs (yeah, that makes for a loop of unnecessary future expenses, but still an option),
(ii)Compromising on the development quality by somehow making do with the team’s capabilities.
Now you’ll probably ask,
Why bypass onshore & nearshore opportunities and jump straight to offshore?
Here’s the comprehensive list of benefits that you get all at once, as you opt for software offshore outsourcing & a few goes off the list as you switch to onshore or nearshore.
At BinaryFolks, our core team of custom software developers have been coding wonders for companies of all sizes - from disruptive startups to Fortune 50 enterprises for almost a decade now! Here goes a quick glimpse of our most popular offshore software development services:
Software Product Development
Enterprise Application Development
Security & Privacy Extensions
Web Application Development
SaaS Application Development
Custom Software Development
Migration & System Integration
Looking to hire an offshore software development company?
Here’s what we have to offer!
Offshore software outsourcing has been the talk of the tech industry for quite a while now but here’s a list of trends which are selling like hotcakes in this space currently.
The demand for engineers with expertise in artificial intelligence and machine learning is soaring higher than ever & it's no secret. Why? Because the power of data has swept the current market off its feet with its potential & every smart business is geared to get a good slice of it. However, a recent study indicated the significant gap between the available AI expertise and the demand for it as the AI employment openings came up as about 4x of the present eligible AI talent pool. If onboarding this trend is on your mind, you may want to start from here!
With more & more sensitive data being stored & processed to back business decisions, security is definitely not going out of ‘trend’ (or priority!) in any way. So pay extra attention to cybersecurity to stay on top of business confidentiality while ensuring quality outcomes.
Companies across the globe have been shifting their heads in the clouds & loving it that way! Practically, with the array of benefits that cloud computing brings in, businesses do not have many reasons to not rely on cloud devices while planning to grow.
Offshore software development works the best when communication is kept centralized, concise & updated. Collaborative tools like Trello, Jira etc. cater to that concern, helping two parties located thousands of miles apart communicate seamlessly.
A lot of people may go with the statement that “As long as a software serves the purpose, it’s good enough”,
But the same bunch of people will stress out when such a ‘good enough’ software starts behaving weird because of last-minute adjusted logic, becomes hard-to-debug because of cluttered code or simply, refuses chances of module upscaling in need.
Sounds good, right?
Works even better,
Provided you start with an expert consultation & get started with a custom consultation before directly hiring an offshore software development company !