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Oursourcing Advantages
Software Outsourcing has long passed the fad or buzzword stage. It is here to stay as an IT trend which has evolved, grown, matured and is living up to and outgrowing its potential. Especially with companies that wish to cut costs while gaining access to world-class software engineers, it is no more an option but a smart decision. One of the strongest factors that attract most of the Fortune 500 companies worldwide to the Outsourcing industry is the significant savings attached to a software Outsourcing project. On an average, companies report 40% to 60% increase in net savings with the help of Offshore IT Outsourcing.
Half of all the fortune 500 companies today target offshore software development in India. The core reason for preferring India, as an offshore development partner, to other competing destinations in offshore IT Outsourcing business is a vast pool of educated human resource combined with world-class quality offerings and ever encouraging Government policies for the IT sectors.
Key benefits of software Outsourcing:
» Cost Efficiency
Labor cost savings may reach up to 90% for routine low-level tasks as compared with in-house
development in North America and Western Europe. Significant reduction of development time and, thus, speed-to-market becomes invaluable advantage in a present-day competitive environment.
» Availability of trained IT staff
Immediate access to a large pool of best industry talents allows overcoming hiring gap for IT professionals in the developed countries
» Flexible manpower utilization
By using Outsourcing model company cuts down its housing, recruiting and training expenses.
» Development risk minimization
Proven development process and quality management system.
» No up-front investments
No up-front investments on the customer's part.
Outsourcing is not just a strategy of cost reduction. It is in fact, a strategic service and essential element of growth.
