Software development is an important activity for any company to become a successful leader in its domain.
The success of any product depends to many factors, the most critical are the release of robust product on the right time and after release the availability of software maintenance sharp team that can fearlessly do the calibration as per market standards.
What are the benefits of outsourcing the software development project ?
Faster time to market: In today’s market scenarios, release a product on right time and become number one in competition is not possible without expert team members. Businesses in house teams are always busy with product managers discussions, they are overloaded by many tasks and always face priority challenges. For implementation they need right set of software development partners that can behave as extended arm and help to release the product in market at right time. All big companies follow this strategies and utilized the experienced software development team from their software outsourcing partners.
Reduce cost for software development: Big in house team always comes with heavy price, apart from base salary, their perks, meetings, trainings, leaves encashment, incentives, infrastructure, tax management, support for their HR and admin staff members increase the price. As per recent study to manage one team member the overall price is 2.6 times more than base salary. A good decision maker can bring more talent with less price by utilizing the outsource software development partner.
Domain knowledge resources: To bring right talent on board consumed 60 days to 90 days of time. It is long journey start from releasing a job advert till joining the candidates, sometimes after sending many cycles of this journey there is no show from the right talent. The outsource software development companies have domain knowledge experienced resources available on their team and can bring the right talent on board from day 1.
Flexibility and scalability: After successful project release and getting response from the market many times there are requirement to add new features and update the existing one as per the end users responses. Sometime these new features were not part of the original plan, to overcome this increased workload the product owners need to hire more people and trained them with the help of existing in house team members. This is time consuming and not going to help with the pace of market demands. This increased workload can be transferred to outsourced software development partner. They are flexible enough to implement the new requirements.
Maintenance and support: The outsourced software development company is capable enough to provide maintenance and support for the released product. It helps to reduce huge burden from the in house team. Sometime they offer the deal of maintenance with base software development project. This is a big win for product owners as they can easily maintain the product in market and provide long term support.
Always focus on core business: The outsource companies are the extended arms and they are the first layer to deal with your software development to maintenance to support activities. You are free to take care of your core business and plan your new products and other marker researches. This is the real benefit of software outsourcing partners.
