How To Approach Software Development: To Outsource Or Not To Outsource?
Outsourcing has been all the rage in the tech industry ever since the pandemic hit and it still continues to titillate people with its promise to provide a myriad of business benefits.
Many enterprises who looked to reap its benefits immediately hopped on board and took to outsourcing their software development projects.
But as always, there were, are and will be sceptics who doubt the model’s credibility and efficiency.
In today’s blog, we’ve covered the pros and cons of outsourcing and whether it is the way to go for your software development needs.
Let’s dive right into it!
What is outsourcing?
Outsourcing refers to the process of delegating your developmental chores to an external agency skilled in it. Outsourcing is garnering fame, trust and audiences rapidly with the IT outsourcing industry projected to grow by $98 billion by 2024 itself.
Pros:
- Cost-effective: Outsourcing your IT development is the most cost-effective alternative to building a great product. Outsourcing can save you up to 40% more than in-house development which is a lot if you decide to allocate these saved funds to further market research and user persona studies.
- Access To A Global Talent Pool: With outsourcing, you can hire the best of the best to work on your projects at a minimal cost. As there are no geographical limitations, the external agency hires its developers from a wide talent pool and pre-vets them so that you don’t have to do the hard work.
Cons:
- Trust Issues: Even though this can no longer be deemed as a prevalent issue, it still is a predicament faced by many companies when they turn to outsourcing. This issue is not really a problem of the external agency as much as it is of the company looking to outsource. If you want to outsource your IT development without facing any trust issues, you will have to do your fair share of research by deep diving into vendor profiles.
- Communication Barrier: Some people who have worked in a consolidated, on-site office space many times find it difficult to communicate let alone work with a remote team. The dedicated remote outsourcing teams today are pros at mastering seamless communication with the client company and so this should not be an issue any longer.
Conclusion:
All in all, outsourcing is a great way to give your software development a head start and take your business activities to the next level. The above-mentioned cons are subject to multiple factors and if you as a leader take the charge, these cons won’t ever crop up. Therefore, we can safely conclude that you should wholeheartedly build your agile software development team by turning to outsourcing.
