According to Statista, the global outsourcing market will surpass $400 billion in the next four years.

In comparison, two years ago in 2019, the outsourcing market was not even worth $100 billion.

In this article, we will focus on the IT industry and will include all aspects of offshore development, proposing ways to connect and establish relationships with your potential development partners.There are two terms associated with hiring software specialists: outsourcing and offshore software development, which are often used interchangeably, and hence assumed to imply the same thing.

So, what’s the difference?Sometimes, you don’t need to go far to outsource.

For instance, in a situation where you need to hire Java developers for a specific goal, you can do so by just visiting the office right around the corner—or in the same building you work in—and find experts for the job.

Your country of choice presumably boasts a high level of IT expertise and a large pool of highly skilled professionals.

Many businesses had experienced a screeching halt in their growth as a result of the Covid-19 pandemic, some had significant financial losses, and some closed their operations.

It is safe to say that all organizations received damage, and we are still not fully aware of the extent of it for the global economy.

Businesses are forced to work remotely and outsource their jobs to survive.

According to the Capital Counselor, the IT industry is a leader in outsourcing, having over the 50% of the market.Technavio predicts that in the next 4 years the IT outsourcing market will grow at a 5% rate and will reach almost $500B.

What collaboration model will help you achieve your goals?

This article will provide answers to these questions and more, but let’s start with the basics.Key software development team roles include:The Project Manager (PM) is in charge of planning and execution, overseeing all processes, delegating tasks among team members, and communicating with the client.Business Analysts (BA) are responsible for setting goals, analyzing and documenting core processes, and making sure that everything is aimed at achieving business goals.

Modern technologies are one of the key factors that help businesses in different industries find themselves at the top position.

In this case, you may find interesting this article on implementing a Cloud infrastructure for organizations in 2021.

Feel free to leave your feedback at SPD Group blog!IntroductionWith technological advancements, the rising power of computing capabilities, and the availability of broadband internet, Cloud computing can help businesses improve their internal processes, get better results and, ultimately, increase the bottom line.

The roots of this concept can be traced to 60 years ago, when the earliest prediction was made:“Computing may someday be organized as a public utility, just as the telephone system is a public utility”— Professor John McCarthyIt took a very long time for this concept to become popular, but in 2006, when Amazon re-introduced Amazon Web Services (AWS) and presented Elastic Compute Cloud, Cloud Computing really took off.

Now, over 90% of enterprises use Cloud service models, and according to the study by Fact and Factors Research, the global Cloud Computing Market has already exceeded the USD 300 billion mark!

What does this mean for businesses in 2021?

Even in the 2010s quite a lot of American retail website users suffered from online transaction frauds until the two-step verification came into power while shopping online.However, credit card frauds are still a challenge for money transaction platform owners or small to global retail services and hundreds of online frauds keep popping up daily as long as unauthorized card transactions hit the record amount of 16.7 million victims in 2017 (as reported by Javelin Strategy & Research).

Additionally, according to the Federal Trade Commission (FTC), the number of credit card fraud claims in 2017 overcame the previous year’s number of frauds by 40%.

) Among these Fraud Detection and Prevention techniques, predictive Machine Learning models are the one that belongs to smart Internet security solutions.

After the patterns are discovered, there is a Pattern Recognition phase which can detect classes, clusters, and patterns of suspicious behavior.

For example, the Neural Networks approach helps to automatically identify characteristics found in fraud, which is the most effective if you have a lot of transaction samples.

Whenever a user requests a transaction, it is being processed for some time and depending on the level of predicted fraud probability there are 3 kinds of possible outputs:If the probability is less than 10%, the transaction is allowed;If the probability is between 10% and 80%, additional authentication factor (one time SMS code, Fingerprint, Secret Question) should be applied;If the probability is more than 80%, the transaction is frozen, so it should be processed manually.

It can be a key factor in the success of your entire project.

This article is aimed to help you do just that!

Introduction to the Product Development ProcessEvery great product we know was once just an idea.

Sometimes, the initial idea seemed unrealistic, but the development team made it a reality.

Among the most important factors of the product’s success are a well-organized development process and proper marketing activities.

In this article, we will focus on the IT industry and try to offer you some advice on how to set up a new product development process or improve the existing one, maximizing the effectiveness of your teams.What is a product development process?In software development, it is a combination of steps, tools, methodologies, and management techniques aimed at setting up effective teamwork.