How Software Development Outsourcing Helps Businesses In Times Of COVID-19

The world might have seen quite a few pandemics in its long worn history, but the current COVID-19 presents a relatively novel situation that has never been experienced before. While some parts of the business world that involve travel and supply chains have been affected, a different part of the economy that revolves around IT products and services has seen a growing shift towards software development outsourcing with positive outcomes so far. 

According to a recent report released by NTT on the Global Managed services, around 45% of companies across 29 countries say that they will outsource more than insource for the coming 18 months. This is a considerable boost to outsourcing, given its affordable and convenient means of getting software products delivered on time. 

IT outsourcing has emerged to be a great relief for companies looking to cut costs and make the best out of a situation where traveling to work every day and hiring in-house talents have become quite complicated. 

Read on to know more about how software development outsourcing has helped businesses cope in these testing times. 

Why Is Software Development Outsourcing Necessary? 

Affordable Yet Quality Software

The pandemic and the subsequent prolonged lockdowns have pushed companies to take extreme measures like layoffs and suspension of certain services to stay sustainable. The entire supply chain and workforce availability have been disrupted, and many businesses need to implement quick digital solutions to make up for their losses. 

So, companies are in desperate need of better cash flow yet need software solutions, which again demand investment. Hiring in-house talents and setting up the infrastructure required to develop such digital solutions quickly can be a costly affair that companies cannot simply afford to do now. 

Outsourcing helps solve most of these problems in a cost-effective way. It presents a cheaper way to implement the software solutions required by the business. It makes sure that progress is guaranteed with quality software products delivered without the added burden of management of resources and infrastructure. 

That said, some of the best offshore software development destinations you can look upon are Eastern Europe and Latin America. Not only is outsourcing cheap here, but you also get quick access to a wider talent pool.

Get Access To A Wider Talent Pool And Hire Experts Within Your Budget

When you intend to hire an in-house talent, your search will be geographically limited. You can only get access to a narrow pool of candidates residing in proximity to your office or who are willing to relocate. This makes hiring development experts expensive, especially in times like COVID-19 due to the various travel restrictions. 

Choosing to outsource software development removes these limitations and gives you access to a wide talent pool where you can hire experts ready to work within your budget. 

As work from home is becoming the norm across many companies, you can take full advantage of the established remote working infrastructure and reach a bigger talent pool. 

On-Time Delivery And Faster Development

When you hire an offshore software development center to take care of your software development needs, you do not only save the product and labor costs. You also get additional benefits like:

• Faster development and thus, faster time to market
• Saved time and energy on team management, project management as these will be taken care of by the outsourcing company 
• Saved costs on infrastructure setup and maintenance
• Saved time and costs with respect to onboarding, training, and tracking the performance of each resource 

Focus On Business Development

Most businesses need software solutions as part of their primary business strategy but will have several core functionalities that need better focus for continued business development. Leaving the software development to the right outsourcing partner leaves you room to focus on refining your business strategy and focusing on innovation. 

For instance, if all you need is to switch your shop from offline to online, you don't have to spend months trying to develop a website from scratch. You can delegate the relevant software development and maintenance to an outsourcing partner and focus on your inventory and customer experience. 

Hiring in-house teams for each specific software development task can be time-consuming and expensive when you have to consider the various tasks involved like recruitment, onboarding, employee benefits, taxes, and so on. 

With offshore software development, you can set a timeline and get your products implemented and deployed for use within the set timeline. You will not be facing the complexities of managing an in-house team and can get your needs met on time.  This leaves you free to focus on the essential processes for your company’s sustainability and continued growth. 

Wrap Up 

Tough times may not last for long, but they teach you important lessons that will go a long way in helping you stay sustainable and flourishing as a business. You can run a successful business when you make the best out of any situation, and software development outsourcing provides an excellent option to keep your business afloat under a tight budget and demanding IT needs.