Technology is a wide arena, like our outer space in the galaxy. IT outsourcing isn't much different than any other kind of outsourcing. Offshore software development is something that more and more software development companies are looking into. Like anything in business, there are benefits as well as drawbacks to offshore software development. Each company has to determine for themselves whether the benefits outweigh the drawbacks. Anyone who has experience in outsourcing knows that there are advantages as well as disadvantages in offshore software development.
Software outsourcing gathered strength with increasing number of sources available in present IT-edge, requirements delivery in possible least time, less skilled personnel available, discrete communication and inefficient management of various modules within a large enterprise. These corporate players started looking and relying on third party for better management at lesser cost and remain competitive in the global marketplace. These are the few factors that led big companies to outsource their software application development to offshore companies where they find time zone difference from eastern countries most attractive, cheaper human capital, rich resources, and skilled professional and low processes cost. Market analysis shows gradual penetration of investors in Indian market and other developing countries.
Some tips to cut down risks:
- It's not only about saving the bucks
- Hear their Story
- Put Communication on high priority
- Adhere to high standards
- Hear their Story
- Check out their past experience
- Technology Expertise
- Study the Methodology the provider adapts
One should remember that software development methodologies are all milestones in the continuing evolution of software engineering. This evolution is still continuing and there will be more variants in the future. And, depending upon the nature of the software development project, the choice needs to be different. A compatible Process Methodology accelerates the delivery of high quality custom software. An Agile Process Methodology follows a controlled, iterative development and prototyping process.