The COVID-19 outbreak has scared many business leaders. The need to be creative to overcome the challenges is now more apparent than ever. The best solution may lie in outsourcing software development.
But first, what is outsourcing?
Outsourcing services have been the talk of the town and are very famous for the development of businesses, especially since 2000 to the present. Technology has advanced at a very fast speed, and businesses are more competitive than ever. Outsourcing is the service of providing software development to the company of a client via a third party. To put it simply, when a company hires a software development company to do a project rather than doing it in-house, that is known as outsourcing.
Statistics say that in 2019, the overall market for outsourcing was $92.5 billion, and software outsourcing was among the leading industries in it. It is expected that by 2024, the market will grow up to $98 billion. One successful example of software development outsourcing is Whatsapp. It was founded in 2009 but was later entrusted to some teams in Europe. It was actually a software development outsourcing project. Facebook bought it. It exploded so much in fame, that it almost won against mobile SMS service.
There are many development companies that provide these services to provide you the best solutions. One such company is fortyseven, which has expertise in many fields and offers a wide range of services, including software outsourcing. The fortyseven software professionals are no less competitive and skilled than your in-house teams. If you have been considering outsourcing for your business, then you can find out more about it by reaching out to the CMO of fortyseven, Hanna Shnaider, herself.
Outsourcing models
One can think of outsourcing as the development of their strategic partnership. Many companies outsource their non-critical functions such as customer services, software development and financial services. These functions do not make a company unique or give it a strategic advantage. Outsourcing is crucial if a company wants to stay competitive. Innovation and speed are the top priorities for most businesses. To achieve that, they need to keep up with modern technology so that they can deliver high-quality products and services faster and lead the curve. The following are the three outsourcing models:
- Staff augmentation: Includes hiring external employees to work with the client based on what the client wants.
- Project-based model: The whole responsibility of the project is with the outsourcing company.
- Dedicated team: The company providing outsourcing services collaborates with the client to make high-quality products.
A key solution
How can outsourcing help businesses to adapt to the changing landscape of the market in this epidemic? Businesses now need to incorporate custom software development in order to keep their teams on track so that they can still see operational success in these challenging times. Your in-house team may take more time in handling the matters, which would further limit their ability to deal with the effects of COVID-19. Outsourcing custom software development saves time and provides easy access to technology. This way, you can also save money by not having to hire and train software developers.
A custom software development agency would know exactly what to do. Now, huge chunks of employees of most businesses are restricted to working from home. To communicate continuously as a team and achieve targets without fail, technology is needed. So, businesses can’t leave custom software in less competent hands. They require custom products, and fast. Outsourcing is the most appropriate solution for this. Custom software development companies will use the latest technologies and the best resources to provide you solutions that will keep your business going.
Successful business operation
Schools are closed and businesses have reduced contact to practice social distancing. Everyone has turned to technology to make sure that things run as they usually do. One such technology is Zoom. Many now hold meetings and virtual conferences on Zoom. Besides ensuring business with social distancing, technology can also encourage innovation, which is necessary for every business.
Continuity plans
Businesses now must go over their continuity plans. It is imperative to ensure that the business operation is not heavily impacted as many employees now work remotely except for the ones in essential services. Companies can better manage the workload by outsourcing some of it in exchange for technology and data. Outsourcing allows businesses to have a fast inflow of data. They can benefit from this and make efforts to provide better services to clients and also maintain employees.
New strategies
Businesses need new strategies to cope with these times. Cutting costs is one of the best strategies. Outsourcing software development is a very cost-effective strategy; it will not affect your employees much either. It doesn’t take much to hire help from a custom software developer for a limited time than hiring a full-time team whom you’ll have to pay a constant salary. The in-house team will also require technological tools and resources, for which you’ll have to invest a lot too. When you decide to go for outsourcing, using resources and delivering will not be your responsibility. You may think that the upfront cost is big if the scope and magnitude of your project are big. But it will definitely prove cost-effective in the long run.
Conclusion
Outsourcing software development has many benefits. These challenging times especially call for such services. In software development, time is everything, and with outsourcing that is what you are buying. Failing software development can be prevented by hiring professionals that have specialized expertise in the field. Hiring a new in-house team can be time-consuming and costly. Now more than ever, you need high-quality services, and fast. And outsourcing will provide you with that. The outsourcing companies will give you input on your projects. Whether you want custom software development, mobile app development or web development, outsourcing will always prove beneficial. It’s not just cheaper, but also it perfectly resonates with the intention of making things remote, which is what this epidemic is asking for.
