COVID-19 pandemic has brought massive challenges that threaten business across the globe. Software outsourcing has clearly become a vital tool for businesses. They are using it to protect their supply chains, employees, customers, and financial results.
The major impact of COVID-19 has led to a rapid increase in the global demand for IT services and products. This includes outsourced software development as the pandemic engulfs big economies like the US. In this article, we look at 10 ways software outsourcing services are helping businesses negate the impact of COVID-19.
1. Lower Costs
Most businesses outsource to cut the cost of hiring and running THEIR operations. Cutting operational costs is a smart move that can help organizations grow and maintain a competitive edge in the market.
According to studies, software outsourcing helps reduce development costs by about 70 percent. This is when it is compared to hiring and relying only on your in-house team of IT experts. Additionally, outsourcing software development also offers an effective way for small businesses and startups to get their name and product in the market.
2. Enables your business to work with a managed team
When it comes to hiring an in-house team, you need to consider including managers. These managers supervise the operations of other members handling projects. But, with software outsourcing, you do not need to hire managers. This is because outsourcing companies take care of this challenge. They set the right environment and mechanism. This helps ensure that the outsourced professionals work as required.
Fortunately, the parent business is able to maintain its control over the project. You can also ask the outsourcing company to arrange for the remote employees to work in partnership with the in-house team. In this case, the in-house management offers guidance on what needs to be done in the project. But, the outsourcing company retains the responsibility to conduct daily compliance routines.
3. Get Professional Services
Software outsourcing companies have the capacity to prepare a team of highly skilled professionals with no time. Thus, businesses are able to get professional services from a team of talented IT experts in various fields.
With software outsourcing, you are likely to get the smartest and best IT and tech experts at lower costs. This allows businesses to perform and implement their projects professionally. The approach is even more useful during the COVID-19 situation. But, it is always advisable to interview the outsourcing partner thoroughly. This ensures that they have the right expertise, resources, and capacity to provide a reliable team.
4. Allows business spend less time on support
Software development is a complex process that does not end with completing the development stages. This is because there are emerging issues that still need the attention of IT experts. These include downtimes and bugs. This is because they require continuous maintenance, support, and software updating.
The best thing about outsourcing is that the third-party company will help maintain the developed product. This allows you more time to handle administrative tasks in your business.
5. Access to a wider pool of talent
With the rapid increase in talented IT professionals, finding talented IT experts in one locality is quite a challenge. Thus, in case of understaffing of IT experts required to handle a certain software project, software outsourcing could be your best bet.
Outsourcing will allow your business to hire dedicated professionals from across the globe. It also saves the business money and time spent in hiring a new team locally.
6. Saves businesses time
As a business owner, adopting software outsourcing helps you get your time back. This allows you to focus on core functions in the running of your business. Remember, performing administrative, marketing tasks, and software development could be overwhelming. With outsourcing software development, you can focus on marketing. You can also concentrate on establishing ways to help you maintain the lead in the market.
7. Gives business access to latest solutions and technology
Software outsourcing allows businesses to gain access to the latest solutions and technology. This is because the approach involves working with talented individuals in the field of IT and technology. Besides, most software outsourcing companies apply the latest technology in carrying out software projects.
With the exposure, it is highly likely for a business to work with a team that is conversant with the latest technologies. These include frameworks, language, and development tools. Thus, a business will not have to spend time and money on training. This is because the outsourced team already has the necessary skills.
8. Incubate with minimal risk
With outsourcing, small businesses can leverage the benefits of incubating without fear of huge losses. These businesses can incubate without the fear of the cost of relocating the team. Additionally, the outsourced team will provide support and review your business even if you do not have a functional in-house team yet.
9. Flexibility and speed
When it comes to any outsourced work, speed and flexibility are important. But, each business or startup is unique. Software outsourcing companies know this well. Thus, they offer different options in their approach. The right outsourcing partner will advise you to hire separate teams for different projects to save time. Besides, they will also tell you to consider a dedicated team if you want to outsource for a long-term project.
10. Allows business to work with experienced developers
Most outsourcing companies invest in acquiring experienced developers. This ensures that they provide a team that can complete a project within the shortest time possible. Working with experienced developers also allows businesses access to more knowledge and solutions. Such developers can make great recommendations that may be useful in transforming the business. They can also propose ideas on what will suit your business model perfectly.
Software outsourcing is rapidly growing as the global demand for IT experts continues to increase. Software outsourcing services are playing a key role in helping businesses navigate through the tough COVID-19 situation. But, it is important to define the need for hiring your team before you decide to outsource.