However, despite the many benefits, some businesses are still reluctant to outsource to India. Why is this the case?

This blog will explore common problems of outsourcing to India and discover how businesses can overcome these concerns to unlock the potential of this booming outsourcing destination. So, buckle up and get ready to uncover the secrets of outsourcing success!

Helpful Resource: Comparing Software Outsourcing Services: Platforms, Companies, And Freelancers

Problems & Solutions When Outsourcing to India

Some of the most common problems and their solutions when outsourcing to India include the following:

Problem: Lack of trust in the quality of work

One of the biggest challenges when outsourcing to India is a lack of trust in the quality of work. This can be a valid concern, as outsourcing often means handing over critical tasks to an external team with whom you have limited control or visibility. However, this does not mean outsourcing to India is inherently risky or unreliable.

Solution:

• Choose reputable software outsourcing services with a proven track record of delivering high-quality work. Look for vendors with industry certifications, positive customer reviews, and a strong reputation in the market.
• Establish clear communication channels and set quality control measures that align with your business objectives. This could include regular progress reports, periodic quality assessments, and key performance indicators (KPIs) to measure performance.
• Build a culture of trust and accountability. This means being transparent about your expectations, providing constructive feedback, and celebrating successes.
• Invest and hire dedicated software development teams that provide training and upskilling opportunities that align with your business needs.

At ValueCoders, we understand the importance of quality and trust. That’s why we have robust quality control processes, including regular audits, performance metrics, and feedback loops. We also heavily invest in our team’s training and development to ensure they have the skills and expertise to deliver high-quality work. With years of experience in software development and a team of over 450 talented developers, we have the expertise and resources to help businesses overcome their outsourcing challenges and achieve their goals.

We use the most recent technologies to provide our clients cutting-edge solutions, including AI, machine learning, blockchain, and others. React, Angular, Node.js, Python, Ruby on Rails, and other technologies are just a few of the ones our team has previously worked with. So, we have the skills and knowledge necessary to produce outcomes whether you want to construct a web or mobile app, an eCommerce platform, or adopt an AI-powered solution.

Problem: Communication barriers

Another common outsourcing issue that businesses face is communication barriers. With teams often working in different time zones and speaking different languages, miscommunication and misunderstandings may occur, leading to errors, delays, and project failure.

Solution:

• Establish clear communication channels and protocols, including expectations for response times, communication frequency, and preferred communication method.
• Use technology to facilitate communication, such as video conferencing, chat, and screen-sharing tools like Zoom, Slack, or Microsoft Teams.
• Establish a common communication language to ensure all team members can communicate effectively.
• Build cultural awareness and sensitivity into your communication protocols to overcome cultural differences.

At ValueCoders, we recognize the critical role that communication plays in IT outsourcing services. That’s why we have a dedicated team of project managers and communication specialists who work closely with our clients to establish clear communication channels and protocols. We use the most recent communication tools and technologies, such as Slack and Zoom, to facilitate real-time collaboration and ensure all team members are on the same page.

We are conscious of the value of cultural sensitivity and awareness. Our team is adept at managing cultural differences and has extensive experience dealing with customers worldwide. We can assist businesses in overcoming the difficulties of outsourcing and achieving their objectives due to our knowledge and dedication to transparent communication.

Also Read: How To Choose Between Staff Augmentation, Outsourcing, & Dedicated Team

Problem: Time-zone differences

Another significant challenge businesses may face with Indian outsourcing companies is the time zone difference. With India being several hours ahead or behind many other countries, it can be challenging to schedule meetings and ensure that all team members work together effectively. Time zone differences can lead to delays in communication, missed deadlines, and project delays.

Solution:

• Establish precise schedules and timelines that take into account the time zone difference.
• Partner with software consulting services companies that use collaboration tools and technologies like Trello, Asana, and JIRA to manage projects and keep track of progress across different time zones.
• Schedule check-ins and status updates regularly to ensure all team members are up-to-date and working together effectively.
• Partner with a company with developers working in shifts, such as ValueCoders, to ensure you can connect anytime.

At ValueCoders, we understand the importance of time zone differences in outsourcing. That’s why we have multiple locations worldwide, allowing us to provide 24/7 support and ensure that projects stay on track, regardless of the time zone. We use collaboration tools and technologies like Asana, JIRA, and Trello to manage projects and keep track of progress across different time zones. Our project managers and their teams work closely with clients to establish precise schedules and timelines, ensuring that projects are delivered on time and within budget.

By outsourcing to custom software development services companies with a global presence, businesses can benefit from round-the-clock support and faster turnaround times. At ValueCoders, we’re committed to delivering top-notch software solutions that meet our clients’ unique business needs, regardless of their location or time zone.

Problem: Cultural differences

Another outsourcing to India problem that businesses may face is cultural differences. India has a diverse culture, with a different approach to communication, work, and problem-solving than many Western countries. These differences can create misunderstandings, lead to miscommunication, and affect the project’s overall success.

Solution:

• Educate the outsourcing team about the client’s culture and working style.
• Establish clear communication channels and protocols to avoid misunderstandings.
• Encourage regular feedback and check-ins to address any cultural differences that arise.
• Use collaboration tools and technologies like video conferencing, instant messaging, and screen sharing to facilitate communication and understanding.
• Consider outsourcing offshore software development services to a partner with experience working with clients from different cultural backgrounds, like ValueCoders.

Also Read: Offshore Vs Nearshore Outsourcing: A Detailed Comparision

At ValueCoders, we recognize the importance of cultural sensitivity in outsourcing. Our team of experts has experience working with clients from diverse cultural backgrounds, allowing us to understand their unique needs and working styles. We use collaboration tools and technologies like instant messaging, video conferencing, and screen sharing to facilitate communication and understanding between our team and clients.

To overcome cultural differences, we regularly give feedback and check-ins, ensuring that the project continues and that our clients are happy with the results. Businesses may gain from a more efficient outsourcing process and prevent cultural miscommunications by outsourcing to a partner with expertise in working with clients from various cultural backgrounds. At ValueCoders, we’re committed to delivering top-notch software solutions that meet our clients’ unique business needs, regardless of their cultural backgrounds.

Problem: Security concerns

Due to the sensitive nature of shared information, companies may have security issues while outsourcing to India. Concerns about intellectual property theft, data breaches, and other cybersecurity risks could harm the business.

Solution:

• Implement strict security protocols and measures to protect sensitive information.
• Ensure all employees and contractors sign non-disclosure agreements (NDAs) and undergo a comprehensive background check before accessing sensitive information.
• Employ encrypted email, VPNs, and safe file-sharing services as secure communication and collaboration tools.
• To identify and stop security breaches, you should routinely monitor and audit the outsourced team’s access to critical data.
• Consider outsourcing to a partner with a strong security and compliance track record, such as ValueCoders.

ValueCoders takes security and compliance very seriously. We have implemented robust security protocols and measures to protect our clients’ sensitive information, including secure servers, data encryption, and restricted access controls. Our employees and contractors sign NDAs and undergo background checks before accessing confidential data.

We also employ secure file-sharing sites, VPNs, and encrypted email as collaborative tools to exchange information. We routinely audit and monitor our team’s access to critical information to identify and stop any security lapses.

By outsourcing to offshore consultants in India like ValueCoders, who have a strong security and compliance track record, businesses can rest assured that their sensitive information is safe. We understand the importance of protecting our clients’ confidential data and have taken all necessary steps to ensure that we maintain the highest levels of security and compliance.

Problem: Legal issues

When outsourcing to India, businesses may face legal issues such as violation of intellectual property rights, breach of contract, and non-compliance with local laws and regulations. These legal issues can lead to costly litigation and damage the business’s reputation.

Solution: 

• To prevent ambiguity or misunderstanding, make sure that legal professionals thoroughly design and evaluate all contracts and agreements.
• Ensure the outsourcing partner complies with all relevant rules and regulations by performing extensive due diligence on them.
• Add in the contract language that addresses legal concerns and details the remedies that may be used in the event of a violation.
• Use technology and tools for project management to enable real-time project progress tracking and ensure deadlines are fulfilled, lowering the likelihood of disagreements and legal concerns.
• Work with reputable Indian outsourcing companies with a strong track record of legal compliance, such as ValueCoders.

ValueCoders recognizes the significance of legal compliance and makes every effort to abide by all relevant laws and regulations. A team of legal professionals reviews all contracts and agreements to make sure they are straightforward and clear.

We thoroughly investigate each client to ensure they abide by all relevant laws and regulations. Our contracts also contain terms that deal with legal concerns and outline the appropriate remedies for a breach.

Our project management tools and technology enable real-time monitoring of project progress and guarantee that deadlines are fulfilled, lowering the risk of disagreements and legal concerns. Businesses may reduce the risk of legal problems and concentrate on their main business operations by partnering with a reliable outsourcing partner with a proven track record of legal compliance, like ValueCoders.

Benefits of Outsourcing to India

Businesses aiming to simplify processes, save costs, and boost efficiency can profit significantly from outsourcing to India. Some of the main advantages are as follows:

• Cost savings: Indian outsourcing companies can significantly reduce labor costs, as labor is much cheaper in India compared to other countries. According to a study by NASSCOM, outsourcing to India can save businesses up to 80% in operational costs.
• Access to a large talent pool: Engineers, software developers, and data scientists are just a few of India’s highly qualified and educated professionals. Businesses now have access to various skills and knowledge they would not otherwise have.
• Faster time-to-market: Using the knowledge and resources of their outsourcing partner, companies may shorten the time to market. Businesses can keep ahead of the competition and react rapidly to shifting market needs with shorter development cycles.
• Flexibility: Businesses can expand or contract their operations as needed. Businesses that want to enter new markets or those whose workloads fluctuate will find this helpful.
• Cost-effectiveness: The management of non-core company operations can be done affordably by outsourcing to India. Businesses can focus on their core competencies and strategic goals by outsourcing these functions to a reliable and experienced partner like ValueCoders.

As Exploding Topics mentioned, a study shows India is the most attractive country for outsourcing business services. It also had the highest GSLI score in 2021. In fact, they have mentioned that 7 of the top 10 outsourcing countries are in the Asia-Pacific region: India, China, Malaysia, Indonesia, Vietnam, Philippines, and Thailand.

Businesses aiming to streamline their operations and boost their bottom line might profit significantly from using Indian outsourcing companies. Outsourcing to India is a viable and effective choice for companies of all sizes and sectors since it offers cost savings, access to a vast talent pool, flexibility, and quicker time to market.

Also Read: 5+ Reasons Your Company Should Opt For Software Development Outsourcing

Conclusion

Firms may get access to a vast pool of trained labor, a quicker time to market, and better flexibility by cost-effective outsourcing to India. If you are wondering – is outsourcing good or bad – it is a cost-effective option to access the skilled talent pool. Businesses that outsource to India, however, may run into several difficulties.

Fortunately, companies may overcome these difficulties and reap the rewards of outsourcing to India by working with a reputable source like ValueCoders. We have offered affordable and high-quality software development, digital marketing, and IT consulting solutions to clients across the globe,

Partnering with ValueCoders will help your business foster innovation and growth. Thus, don’t allow the difficulties to deter you from outsourcing to India. You may reap the rewards of outsourcing to India if you partner with the right organization.

The post Cracking the Code: Overcoming Challenges in Outsourcing to India appeared first on ValueCoders | Unlocking the Power of Technology: Discover the Latest Insights and Trends.

How about building a state-of-the-art website? Or a mobile app to stay one touch away from your customers?

Seems profitable.

Right?

But, before you decide to build your app, take a look at the programming trends that most programmers and IT outsourcing companies are following in 2022. It will help you get a brief idea about which programming language should be perfect for your project.

This article is continuously updated to help you catch up with the latest programming trends and languages.

11 Top Programming language Trends in 2023

This year, many programming languages have lost their importance and many other platforms have emerged. But that is the general rule in programming, after all. Everything will keep changing, and the best you could do is adapt. So without further ado, let’s start with the list of the 11 top language trends this year:

 1) Python

Python is really gaining all the buzz these days. This language is widely accepted by data scientists and data analysts, it has also become a very useful language for software engineers, software developers, development leads, managers, engineers, system analysts, and web developers under the umbrella of software outsourcing companies.

As per the PYPL Popularity of Programming Language report, Python has a 27.34% market share and is considered to be the most popular language as searched for tutorials on Google. Also, it’s one of the leading languages that set a programming trend in Data Science and Artificial Intelligence.

2) Java

Recently Java has become quite less popular than other programming languages are, as a result, it has come down to 2nd place in the PYPL (Popularity of Programming Language) list of 2023. At the same time, Java still finds its place at the top of the TIOBE index of most popular programming languages of this year.

Java is much faster than before and with fewer lines of code, a feature-rich application can be built. Even the latest version was released back in 2014 still the features are helpful and save costs for businesses.

Read More: 11 Tips For Successful Mobile App Development For Businesses

 3) PHP

PHP has been here for a long time. Some say PHP is dying. However, PHP is alive and well also still in programming language trends. With PHP’s latest version, things are different. In the past, PHP was a simple way to build a few dynamic web pages.

If you needed a bit of variety, you could embed simple code between HTML tags. It was basic enough for web developers to embrace it but slow enough to draw sneers from hard-core programmers.

Now it’s easy to execute PHP code faster than ever by incorporating the Just-in-Time compiler technology like Java. Now, tools like the HipHop Virtual Machine and PHP are delivering speeds that are twice as fast as the old versions. Though it has lost market share by 5.1% in the last 5 years, it’s one of the top languages that IT outsourcing companies prefer to build amazing websites.

Related: 12 Top PHP Frameworks For Startup Web Development

4) JavaScript

According to research from Redmonk,  JavaScript is on the top of the list. And obviously why not!! With the newly released Angular 4, upcoming React fiber, fast-growing Vue.js, feature-packed Node.js, and many other frameworks and libraries, JavaScript is growing really fast and developers of top IT outsourcing Companies are keener to learn this language than ever.

For detailed comparison: Reactjs Vs Vuejs: Which One To Choose?

Moreover, with the help of JavaScript MV*, it is much easier to build complicated apps with fewer lines of code and taking less time. These web apps are easily turned into cross-platform mobile apps with the help of PhoneGap, Xamarin, and other technologies, which in turn will get your work done in one attempt. JavaScript has a fourth place in this list for the reason that it is an old language and is already quite common for web development.

 5) Swift

When it comes to native mobile app development, Swift is the new sensation for iOS. For years, iOS developers were dependent on Objective-C. However, recently Swift has entered the top 10 list of programming languages leaving Objective-C behind and the IT outsourcing companies are adopting it at a rapid pace.

Most mobile app developers confirm that it is much easier than Objective – C. Although Swift isn’t going to replace Objective-C, however, it gains a lot of attention in 2022. With the release of Swift 5 which offers a host of new, developer-friendly features, this new programming language is certainly to stay in the programming trends.

Related: Objective C Vs Swift: What Should A Startup Choose?

 6) R

R is the highly preferred language for a growing number of statisticians, data scientists, data analysts, and other analytical types had been enjoying an incremental rise, moving from 15 to a steady 13 and finally jumping to 12 on Redmonk’s list. Also, every year its popularity has increased constantly. Although the relevance of Python in related fields has overshadowed the former, R still remains one of the top programming trends of 2022.

This is principally attributable to a softening in its GitHub ranking in the new process. Unlike its competitor in the analytical space, Python, which rose three spots along that axis, R fell five spots in GitHub programming languages rankings even as its Stack Overflow ranking rose one place. This minor movement, however, says little about R’s current or future performance; like PHP, the language remains popular in spite of a step back.

7) Ruby on Rails

Ruby on Rails(RoR) is considered to be one of the favorite languages for web developers. Ruby is a funny programming language that makes developers happy at work. Some big brands like Hulu, Airbnb, Basecamp developed their websites with RoR.

Related: Is Ruby on Rails Dead?

Though Ruby has lost its importance a bit, still it is highly preferred by IT outsourcing companies. The latest 5.0 version has many new features and can build web apps faster. As per Redmonk’s list, Ruby has occupied 7th ranking, and it’s in the programming trends as well.

Read More: 7 Reasons To Choose Ruby On Rails For Startup Web Development

 8) Goo

Go also benefited from the new ranking model, jumping four spots in the GitHub portion of our ranking system, which wasn’t enough to keep up with Swift, which leapfrogged it. To some extent, this isn’t a surprise, as Go had neither the built-in draw of iOS mobile app development nor is it generally positioned as a front and back end language as Swift increasingly is.

More to the point, while it might have held static, a ranking of 15 in the list of the top programming language trends is impressive for an infrastructure runtime. Hence, many IT outsourcing companies are focusing on this language, and it has set new programming trends among developers.

9) TypeScript

Of all the top-tier programming trends in languages, none jumped more than TypeScript on GitHub rankings. While it also saw improvement in its Stack Overflow ranks, it was the GitHub improvement that vaulted it nine spots up and into the Top 20. As Angular is playing a vital role in TypeScript, it can be one of the major factors in rising suddenly.

Also in the PYPL Popularity of Programming Language trends report, it has the 15th rank

 10) Kotlin

Kotlin is rising very quickly these days and changing the programming trends. It’s holding 19th position in the PYPL Popularity of Programming Language report.

There are many reasons for this. The major reason is that Kotlin is now an official language for android app development. In fact, Google itself declared that Android app development will be Kotlin-first at its annual developers’ conference, I/O 2019.

While Kotlin comes with Java on multiple fronts, its ability to both leverage the JVM and interoperate and intermingle with Java code is enormously important. Moreover, it offers top-notch tools and has numerous growing supporters. This is why IT outsourcing companies are getting into this language this year.

Also Read: 7 Ways Blockchain Development Is Changing Banking & Finance

11) Scala

Scala, a general-purpose programming language, has been designed to be concise and fulfill the shortcomings of Java mostly. Its source code is intended to be compiled to Java byte code to allow the resultant code to run on a Java VM. Also, as its name suggests (Scala is a portmanteau of scalable and language), Scala is designed to grow as one of the top programming trends along with its rise in demand.

Hence, it has a great demand among IT outsourcing companies who know the shortcomings of Java and use it as a replacement. Scala also acquires 11th place on Redmonk’s list and gets popular every year.

Have a look at the following video before concluding things:

Bottom Line

Now you know which languages are rising among top programming trends, getting attention these days, and which one is good for your next Web development or mobile app development project. ValueCoders is one of the top IT outsourcing companies in India that can help you with digital transformation services. We have expertise in many languages, including the 11 mentioned above.

The post Top Programming Trends To Look For appeared first on ValueCoders | Unlocking the Power of Technology: Discover the Latest Insights and Trends.

Even though there are many other countries that have emerged as major competitors, however, IT outsourcing companies in India are the top ones to work with.

Reason Why India Is The First Choice For Application Development

When we started the research at our custom software development company, ValueCoders to find out why do companies outsource to India and why is India the hub of application development, we found some of the following favoring reasons:

India’s population which is over 1.3 Billion

India is also one of the countries where many people speak English(125 million) compare with other countries in the world. Other than this, India also has the quality of talents which attracts various businesses. Annually, around 3.1 million graduates are added to the workplace.

In 2020, India’s population is over 1369.56 million, and it is estimated that in 2024, India’s population will reach 1443.06 million.

Source: Statista

Cost-Effectiveness & Quality Services

Cost-effectiveness is one of the main advantages that software development companies in India offer. Flexibility in pricing allows businesses the freedom to manage their budgets and provide them with a huge set of benefits. This pricing factor is the main reason why there is a huge gap that exists between personnel costs in India and that of other developed countries.

The app costs depend on the area means from which country, state you are availing the application development service. Each location’s average hourly rate/monthly rate varies, and you can observe the same from the below-mentioned image.

Source: Mobindustry

India provides app development services at a very affordable rate, and this is the main reason why other countries prefer to avail of services from India.

As we all know, quality is an important factor and plays an important role in outsourcing. IT outsourcing companies in India are constantly providing high-quality services throughout the country. This has also enabled India to remain as one of the top outsourcing destinations.

Read More: Why is Outsourcing Product Development Important For Startups

Stable Government Act

India is a democratic country, and it has the most stable government in the world. The IT sector has always been a top priority for the Indian government. Moreover, the Indian government released a bill with the name ‘IT act 2000’. With excellent support by the government, Indians are able to build a high-tech IT park which has the best in class technology and infrastructure.

India’s government does not change the rules frequently; that’s why other countries prefer India to avail of application development services. This is the only reason Why is India The Hub of Application Development.

Technologically Sound

The developers who work in various IT outsourcing companies in India are also technically sound and tech-savvy. They are experts in their fields and possess in-depth knowledge and extend logics while developing various software. This is the reason why Indian developers are more technologically sound.

The Indian app developers have good knowledge of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), IoT, Blockchain, Big Data, and more. Nowadays, various business verticals prefer to adopt modern technologies to develop the app, and that’s why the other countries look for technology-specific developers who build an app at an affordable rate. These all things are possible when you will hire the developers for India.

70% of channel firms chose a new technology area. Looking ahead to 2020, half of the channel companies expect significant gains in emerging tech adoption.

Source: CompTIA

Time Zone Advantage

The time difference between India and other countries has turned out to be an important factor for businesses that are outsourcing to India. In addition, software development companies in India are known for providing the quickest service to the market.

• 570 minutes (9 hours and 30 minutes) India is ahead of the USA.
• 210 minutes (3 hours and 30 minutes) India is ahead of Europe.
• India is 370 minutes (4 hours and 30 minutes) ahead of the United Kingdom. 
• Australia is 370 minutes (4 hours and 30 minutes) ahead of India.

This time difference allows Indian app development companies to offer round the clock services to other countries, and somewhere this help in boosting productivity. Enterprises prefer to avail of the services from those companies who proffer quality solutions and faster delivery; these all benefits Indian companies offer. That is the reason why other countries prefer to outsource application development services from India. 

Professional Attitude & Global Organization Choice

Software development companies in India are known for having a professional attitude to serve their clients according to their business expectations. Therefore, Indian companies boast cutting-edge and state-of-the-art services at cost-effective prices. The services that are mostly outsourced from India:

Global businesses prefer India as their preferred destination when it comes to outsourcing. Various countries like Australia, the USA, UK always prefer India when it comes to IT outsourcing and IT services.

By 2023 there will be 27,7 million software developers around the world.

Source: Daxx

Read More:  The Key Differences Between Outsourcing and Offshoring

Wrapping Up

These pointers sufficiently show how India runs ahead of the curve in outsourcing. Hence, when it comes to outsourcing, India is the first choice for global companies all across, leaving the Philippines in the second position and China in the 3rd.

If you also want to outsource application development services (Web & Mobile application development), simply hire developers from the top-rate application development company (ValueCoders). This will help you in developing multiple features applications.

ValueCoders is one of the excellent IT sector companies that provide apps development services across the world. The organization has delivered 4500+ projects globally and has also served 40+ countries. The developers of this organization are experienced and have good knowledge of handling small to big level projects. 

The post Why is India The Main Hub of App Development? appeared first on ValueCoders | Unlocking the Power of Technology: Discover the Latest Insights and Trends.

Make no mistake, the novel coronavirus is as big as a problem as it gets. But the world will eventually come out of it. At that time, would you want your startup to take its time to freshen up and understand the needs of the market? Or would you want to start preparing a great software product so you’re ready when the market needs it most?

I’m pretty sure your choice would be the latter, but most businesses have their hands tied. They’re unable to operate due to lockdowns, disruption in supply chains, unavailability of staff, and out of myriad problems created by COVID-19. Yet, there are few businesses that are fortunately working as smooth as ever, especially in the software outsourcing sector.

So if a business (maybe yours) is unable to work on an in-house software project due to COVID-19, is it a wise choice to outsource it to an offshore software development company? Why outsourcing is important? What are the benefits of outsourcing a software development project?

Say, if you’re a tech startup in desperate need to capitalize on an opportunity and establish a market presence, then:

1- This isn’t the best time to run your business.

2- Once we’re done with COVID-19, the state of the market at the time will present unprecedented opportunities that startups could capitalize on.

But at the same time, your startup could be competing with 100s of established enterprises looking to capitalize on the same opportunities.

Is there something you could to have an edge over potential competitors in such a scenario? Product Development Outsourcing could be the masterstroke for a competitive advantage in the long-run. Here’s why.

As you may know, there are multiple options available in the market to build functional software products. However, when it comes to startups, there’s a conventional line of thought which says that the benefits of outsourcing are for enterprises only.

But you can certainly outsource product development as a startup and this is important to your business as well, especially in this pandemic situation. 

Benefits of Outsourcing

There are multiple benefits of outsourcing IT and software development services. let’s start with cost.

Cost-cutting

Managing a budget is a big challenge for startups. However, outsourcing helps a lot to do it right.

In fact, according to a research, 87% of US companies outsource product development to save cost. 

Outsourcing provides a global talent pool at a low cost. You hire a backend developer (in-house) at  98000 USD/year and it comes down to 22000 USD/year when you outsource.

The risk is lesser

In the case of new products whose market is yet to be tested, outsourcing plays an important role in mitigating the risks of trying out something new.

Since the outsourced teams work on flexible models the risks are definitely lower.

It’s Faster

Outsourcing the development helps in faster development with the Agile model and helps in tremendously reducing the time to market.

9% PEOPLE GLOBALLY outsource only to fasten their process.

Technical Expertise

You may be new to the market. That’s not an issue until you have technical expertise with you. If you already have that, then it’s good, however, if you don’t- then it is better to outsource.

15% PEOPLE GLOBALLY outsource to access expertise

Free up time and more focus

For startups, investing time into high priority things is very important. One of the greatest benefits of outsourcing is that you free up your time for other important things. This helps a lot.  This image will show you some other reasons why is outsourcing important:

You can also check this list from entrepreneur.com about successful startups that leveraged the benefits of outsourcing successfully.

key steps for your startup to effectively outsource product development

Choose the Right Vendor

Choosing the right vendor for outsourcing application development is a must. An outsourcing company with expertise in the required development skills will surely be helpful. Picking up freelancers is definitely not advisable, as they cannot be relied upon, for taking up product ownership.

One of the important points to consider while selecting a vendor for outsourcing development is the flexibility of hiring models.

This helps the startup choose a hiring plan that will optimize the costs of outsourcing in accordance with the development requirements.

It is also important to evaluate the portfolio of the hiring vendor to understand the level of specialization in different business verticals.

Defining The Scope Of The Project

The second most important step in outsourcing your product development is to define the scope of the project. First, you need to convert the business idea into a business plan and then put down what all you need from a successful product. Defining the technology with which you wish to develop your product is another crucial decision. This also helps in defining the skill levels of the teams you wish to hire.

Once the scope of the project is defined and the vendor for product development has been chosen, the service level agreement with the vendor can be created.

This helps in ensuring that the outsourced teams are working according to the plan of action.

The outsourced teams must be clearly communicated about the expectations and the milestones. This helps in developing mutually beneficial relationships with the outsourcing partner.

Communication

Keeping in touch with the outsourcing partner on a regular basis and reviewing project work in progress on a constant basis is important. This is helpful in improving project productivity levels. Motivating remote teams with incentives and appreciation is helpful in getting better business results.

Overall, a continuous communication helps you to finish tasks smoothly.

Wrapping Up

Looking to outsource your startup project? Here are some key benefits of outsourcing you software development needs to ValueCoders:

1. Flexible hiring models
2. Advanced technical project consultation
3. Agile methodology and timely project delivery

ValueCoders( a leading software development company in India)provides expert agile teams for all kinds of startup site and application development. We have teams across all our departments, all 350 of them working remotely to assist all your software development outsourcing requirements.

We know these times are rough, but our entire team is working through it. And we are doing it for small businesses, startups, and enterprises like yours; so everyone could come out safely this pandemic, together!

The post Why Outsourcing is Important For Startup Product Development? appeared first on ValueCoders | Unlocking the Power of Technology: Discover the Latest Insights and Trends.

The growth of IT outsourcing is not surprising, given how many benefits there are to hiring a company for these services instead of handling them in-house. As per Statista, the revenue in the IT outsourcing segment is predicted to show an annual growth rate (CAGR 2022–2027) of 8.26%, resulting in a market volume of US$587.30bn by 2027.

So, if you hire an IT Outsourcing company for your web and mobile development needs, you can easily get various business benefits in less time.

Image Source

This blog will share the top 10 benefits of hiring IT Outsourcing Companies. Moreover, many software developments and IT outsourcing companies know how to improve business performance. Thus it caters to various business benefits.

Helpful Resource: Top IT Outsourcing Companies and Software Development Firms in India

10 Benefits of Hiring IT Outsourcing Companies

The modern digital world is moving at a breakneck pace. It is unlikely to design the spectrum of any specialized software. Hence, it would be sensible to opt for IT Outsourcing services from reliable and good IT outsourcing companies working in software and Application Development.

Outsourcing services can reduce internal costs and allows firms to focus on their core competencies. Many IT outsourcing companies are already helping businesses on a large scale to gain various advantages if there is a weak economic climate.

Many factors contribute to why you should go for IT outsourcing companies in India and the USA. Some of these factors are given below:

• Free to concentrate on core IT concerns
• Less vertical domain expertise in some specific business tasks
• More efficient output
• Less labor cost
• Availability of extremely knowledgeable offshore software experts

1) Get Higher Expertise

The best IT outsourcing companies provide you with top experts to fulfill your web and Mobile App Development needs. They employ experts who carry specializations in various IT and software domains. Their shared knowledge ensures that your IT outsourcing services always have the latest and most effective technology in the market and are up-to-date on trends and threats in the IT industry.

Therefore, they will have the necessary experience to support IT operations and obtain the best results for your firm.

The IT outsourcing companies will always stand firm among competitors and will always be one step ahead if and only if it puts the right foot forward in choosing the perfect IT Outsourcing Service provider company.

2) Clarify Project Requirements

Once you know your competition, it’s time to make IT outsourcing companies deliver you better results. How? It is due to their effective communication, knowledge sharing, and collaboration that enables them to sort out a specific area of business operations.

True business assistance, project requirements, and efficiency can be understood when the IT outsourcing firm appropriately designs, implements, and maintains effective technology.

The best practices and experiences allow these IT outsourcing companies to deliver productivity improvements successfully.

3) Save Money

Every business wants to save money whenever possible. In fact, the ultimate goal of any business is to make more profit by investing less. Regarding software development, hiring the best IT outsourcing software outsourcing company would be the ultimate solution that can refine the whole business process and save both your time and money.

IT outsourcing company will help create the perfect system model and flowchart that improves the company’s operations, customer service efficiency, and sales performance. Their costs are reduced almost immediately by the following innovative techniques:

• Great operational excellence
• Sales and service optimization
• Reliable optimized sourcing
• The tailored operating model integration

4) Focus On Core Business Tasks

Your organization is of a different domain and may not have any core competency in the IT domain. In that case, IT outsourcing services preferably keep the process independent from the company’s core work.

The IT outsourcing companies can throw good ideas and develop better strategies that the company itself does not overshadow. This will allow you to focus again on important commercial activities without sacrificing quality.

By allowing good and qualified IT Outsourcing Companies to complete software development projects, you can free up your resources to focus on the areas that make it successful and growing. The key here is to trust and ensure you receive project reports and live updates.

5) Scalability & Flexibility

Flexibility is another advantage provided by IT outsourcing companies. It’s all because businesses can scale up and down quickly when changes are needed. Also, remember that you can take on temporary projects when necessary, saving you from having to buy your technology just for the sole purpose.

By selecting the best IT outsourcing companies as your business partner, your customers can benefit from customized solutions according to their needs.

6) Anytime Availability

One of the good things about hiring an IT Outsourcing Company is the continuous monitoring that can help you prevent problems before they can cause damage or prolong server or network downtime.

IT experts can make corrections and updates any time to maintain your business’s productivity. Hence, you would be fine with tight deadlines as outsourced companies will have your back.

For example, if you are busy working on a project and need to release it by tomorrow, these are not problems for an IT outsourcing company. The team will work day in and night out until the job is done. Also, there are no holiday breaks!

7) Latest Trends & Technologies

As you’d expect, experts in these IT outsourcing companies spend most of their time improving previous techniques and learning new skills and strategies. They can bring world-class knowledge and experience to your company if you outsource the IT project.

This includes proven procedures and processes, documentation, and more structured methodologies. You will also be comforted that your provider will constantly update, patch, and replace systems when necessary.

8) Risk Management

Hiring an IT Outsourced Company is a great way to manage your risk if you can’t get any part of your business up and running. If you’re looking to start a new business, outsourcing some or all aspects of your operations can take the pressure off and make it easier for you to run everything else.

Outsourcing companies have experience managing other people’s businesses, so they will know what they are doing when they take over yours. They will be able to find any potential problems that may arise without causing too much disruption to your business.

9) Growth Opportunities

Since outsourced companies are invested in their employees, they’ll provide opportunities for them to work on bigger and more important projects. This will lead to increased opportunities for advancement and higher salaries. As a result, everyone wins!

The company benefits from the service provided by talented individuals, the individual benefits from the opportunity for career progression, and the organization as a whole benefits from skilled people vested in making it successful.

10) Better Retention

The outsourced company is vested in keeping its employees happy, so they’ll stay with them longer. They’ll also build better relationships because there will be more time for them to get to know each other as a team.

For instance, the freelancer may have different skillset or experience than you are looking for, and it takes more time to train them than just contracting an outside company.

Also Read: 5 Common Pitfalls To Avoid While Outsourcing A Custom Software Development Company

Different Types IT Outsourcing Services

IT outsourcing companies provide a variety of services for clients. Some companies offer in-house or on-site support, while others offer remote support and monitoring via the internet. There are different types of IT outsourcing companies; these include:

1. On-Site Support

On-site service providers help you get your business up and running by installing new equipment, networks, or software.

2. Homeshoring/Onshoring

Provides outsourced tasks from a company’s own country rather than an offshore location.

3. Offshoring

The offshore model is when one company hires another company in another country, which is often less expensive than hiring locally. A key difference between offshoring and outsourcing is that offshoring refers to sending work outside one’s home region or nation. The main advantage of offshoring is lower labor costs for businesses.

4. Remote Support & Monitoring Services

Offers remote assistance to troubleshoot technical problems through emails, phone calls, or other electronic means without needing an on-site visit.

5. Professional Outsourcing

A company hires another company to provide services on its behalf for any part of its organization. Professional outsourcing companies generally perform high-level services, such as accounting and legal work.

6: Manufacturing Outsourcing

When a company contracts with another firm to manufacture products on its behalf. The manufacturing partner will assemble and take responsibility for design and production in this case.

7. Research & Development (R&D) Outsourcing

R&D outsourcing partners manage all aspects of research, including developing prototypes and getting patents so that one can use them at any time.

8: Process Outsourcing

It involves assigning entire processes to third parties. For example, process outsourcing could involve managing an entire product development process or handling inventory management.

9. Operational Outsourcing

Employers contract out employees with specific skills or expertise in this type of outsourcing. Employees remain employed by the employer but work under contract for a contractor.

10. Multisourcing

Organizations might use over one outsourcer for similar services in multisourcing arrangements. Using multiple outsourcers allows organizations to leverage and combine each partner’s strengths, benefits, or cost profiles.

Read More: A Guide To The Emerging Software Development Outsourcing Trends

Things To Keep In Mind While Hiring An IT Outsourcing Company

When you outsource your business, you buy services from third-party vendors independent of your business. Before making up your mind while hiring an outsourcing company, make sure you have the following points clear in your head:

• Consider the long-term goals of your business.
• Do you want to do all the work in-house, or would you prefer to outsource some tasks?
• What are your short-term budget constraints?
• Is it better for your business to hire a freelancer, contract worker, or full-time employee?
• Are you looking for an individual with specific skills or a team of experts who can work on multiple projects simultaneously?
• What is the expected output at the end of the engagement, and how will you measure progress throughout the project?
• Does your chosen partner offer guarantees or warranties?
• How much access will you be given to their team, and how will they collaborate with your employees (if any)?

So these points will help you decide whether it’s worth the investment to get an outsourcing company working on your business.

In most cases, if you’re unsure about something mentioned above, then just contact the provider and ask them questions about what they think is best for your business!

Whether to hire outsourced staff or not should be taken lightly — but once you’re satisfied with all aspects mentioned above, go ahead and invest in this solution!

Also Read: Why Offshore Outsourcing Still Remains The Best

IT Services Spending Forecast Worldwide

(IT) companies like ours can offer you significant advantages in terms of flexibility and speed that are impossible when hiring in-house IT staff.

ValueCoders offshore team provides significantly more affordable services than in-house employees without sacrificing the quality of work or experience.

With all these benefits, it’s no wonder more people are turning to outsourced IT solutions for their business needs! For your better understanding, the image below depicts the IT services global spending forecast for 2008–2023.

Image Source

Business Processing Outsourcing (BPO)

Business Processing Outsourcing or BPO, is a system that offloads business operations to a third party. This outsourcing can be done at any stage in the company’s development, from start-up to maturity.

It is not limited to IT services and can also include human resources and customer service departments. BPO can save a business time, money, and resources.

By outsourcing your daily processes to third parties, you can be more effective in your company’s primary activities and focus on strategic growth opportunities that will deliver greater profitability and long-term value to your organization. The greatest benefit of an outsourced business process might be its flexibility.

How To Find the Best IT Outsourcing Company

When looking for an IT outsourcing company, there are many things you need to consider. There are a few questions to ask yourself when determining the best service provider for your needs:

• What is your budget?
• Who will be managing the outsourced team?
• What kind of expertise do you need?
• Do you have any industry-specific requirements?
• How much does quality matter to you?

The outsourcing company should answer these questions and provide a cost estimate upfront. They can give you a ballpark figure to help you better understand the market.

It’s important to get references from past clients to know what to expect when you work with them. Please remember that prices vary greatly among different providers, so compare bids thoroughly before deciding which company to hire.

ValueCoders is one of India’s leading IT companies that cater to businesses from startups to enterprises, product companies to digital agencies, and SMEs to the government.

They provide best-in-class IT outsourcing services while offering full flexibility & control over the project, just like your in-house team.

The Cost Efficiency of IT Outsourcing

The IT infrastructure is a precious business asset that enables any organization to conduct day-to-day activities and stay competitive. You must invest wisely in your IT infrastructure and ensure it’s properly maintained, with high performance and maximum uptime.

While the costs of hiring an in-house team are relatively fixed, outsourcing allows companies to pay only for the services they need. The cost of this strategy is determined by the number of hours needed per month by the service provider and whether the customer desires any other features.

Thus, ValueCoders offers many different options so that customers can find one which suits them best. It offers programmers on a full-time, part-time, or contract basis or demand. Customers can choose offshore and nearshore options where their work will be completed.

Related: Top 20 IT Consulting Companies To Seek For Business Transformation

Bottom Line

In this modern business world, there have been rapid innovations in software platforms. Outsourcing your IT department means you don’t have to worry about hiring and retaining a full-time in-house staff.

Experienced offshore software development companies like ValueCoders can help your business reach its goals without breaking the bank. With more than 18 years of experience, they specialize in cost-effective solutions tailored to your needs.

At ValueCoders (a leading software development company), we have a large and efficient team of IT outsourcing experts who have successfully delivered more than 500 apps across 38+ countries and continue catering to upcoming clients’ needs. You can contact us for your IT projects. Feel free to Contact Us!

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