Offshore Software Development: A Complete Guide for CEOs

1. OFFSHORE SOFTWARE DEVELOPMENT: A COMPLETE GUIDE FOR CEOS Offshore software development is when a fast-growing company decides to expand its business to another country and lands up opening a new office and hiring a team of experts in different areas. They are also permanent employees just a matter of fact that they’re based elsewhere.

2. Offshore software development is when a fast-growing company decides to expand its business to another country and lands up opening a new office and hiring a team of experts in different areas. They are also permanent employees just a matter of fact that they’re based elsewhere. Offshore software development is synonymous, and in fact means, outsourcing. The word ‘offshore’ simply implies that you’re sending your complete business setup to operate remotely, by other people. Talking about ensuring the best quality software at the shortest time, technological or cost reasons in terms of offshoring a range of software development tasks – from requirement gathering to simple coding to custom software development, testing the software, software support and maintenance, everything is covered up. Any Offshore software development company can outsource their tasks to a third-party software agency or developer(s). Outsourcing can be done in different ways: Assigning the complete project to an agency or individual developer Delegating only certain parts/features to a third party agency Hiring a dedicated team of developers.

3. BENEFITS OF OFFSHORE SOFTWARE DEVELOPMENT The determination to build software in-house or to hire an offshore development partner or agency can be quite risky and tricky. However, considering the benefits it offers, offshoring software development is the best way to expand your business. Let’s go through each benefit one by one: BUSINESS GROWTH: Business extension and diversification are the priorities of an emerging business. Entrepreneurs usually struggle to devote their in-house resources to each area of their business. It leads employees to become overwhelmed by the quantity of work and due to which quality can be compromised at times. Offshore software development gives companies of all sizes access opportunities to hire the best people offshore and fulfill their hardware and software requirements. Setting up an Offshore software development is one step towards the key to scale your business. Earning some free time allows you to grip your strengths and core operations and pave a path towards sustained business growth.

4. REDUCED COST Before discussing the cost it is important that you understand the charging process. Most of the software development companies provide salaries based on hours the employees have work. Countries other than those of Northern America and Western Europe charge less in hourly rates due to lower cost of living Also, competition dictates that many companies include extra services, e.g. support. Normally charging 9 hours a day is mandatory for all employees. Also, by offshoring your software development and setting up a new workplace, you don’t have to invest in IT infrastructure, rather you can lease a place and start your company. Professionals from other countries usually demand lower pay for their work in comparison to your in-house employees as there is a huge currency difference and they have distinct living standards.

5. HIRE TALENTED AND SKILLED WORKERS Through offshore development, you can get an opportunity to hire a vast pool of talented and knowledgeable software engineers with hands-on experience in developing software applications of international standards and quality. Also, since these professionals have experience on working for different international custom software development projects for other clients, they understand the challenges involved and they submit their deliverables timely. Focus more on the Software development services provided by them to drain the maximum output. FASTER TIME-TO-MARKET: With a dedicated team for each project, you can be sure to have specialist people working around-the clock-to deliver quality software. Not only are the deliverables achieved robustly, but you can also ensure your product reaches the market sooner. Additionally, an external marketing team can offer new insights to enhance your business processes, letting you leverage innovation and creativity at each stage of the software lifecycle.

6. INVESTING TIME TO FOCUS ON CORE BUSINESS ACTIVITIES: Through Offshore software development you can set up small teams that enable you to focus more on your core business strategy and planning instead of worrying about the challenges of managing the complex process of software development. IDEAL PRACTICES FOR OFFSHORE SOFTWARE DEVELOPMENT If you’re looking to offshore some of your software development, then here are some best practices to help you reach your goals:

7. CHOOSING THE RIGHT PARTNER AND FOLLOWING AN APPROPRIATE PROJECT MANAGEMENT STRATEGY: Choosing a right partner is one of the milestones for achieving successful offshore software development. Explore all available options and rate the services provided by them. Be careful in selecting a partner, always prefer agencies who understand your business needs, plus have prior experience in your industry, and employ a pool of skilled workers. A proper documentation is essential between the development team and the client so as to maintain transparency as it confirms mutual understanding of both the parties clearly stating the expectations. EFFICIENT COMMUNICATION WITH THE OFFSHORE TEAM: The success of any company depends upon how efficient the team is in exchanging ideas and implementing the same. Thus, when offshoring a major chunk of your software development, it’s a part of best practice that the onshore and offshore teams get properly connected to one another discussing their daily updates and progress. Arrange for daily status meetings, preferably through videoconferencing, so that every concern is addressed in a timely and efficient manner. Apart from frequent communication, a project manager can be assigned who manages the entire team and keeps the project on track. A strong partnership with offshore developers is key to a successful result.

8. USE APPROPRIATE SOFTWARE DEVELOPMENT TRACKING TOOLS: While offshoring software development, it is important to understand, plan, track, and release quality software to meet the needs of your business requirements. Provide your team with all the latest software required to attain the desired outcome. For example, they might need ETL Tools for development, SQL for testing, Tableau/SSRS/Power BI for generation of reports. Moreover there are certain software development tracking tools like Jira which enables you to plan tasks efficiently and distribute them evenly across teams in order to prioritize work. As more and more companies are indulging in the benefits of outsourcing services the following are some emerging offshore software development trends to look at the present year of 2019. New Offshore Locations Cloud-Computing Technology Automation to gain a competitive edge Intensified Data Security Unrestricted Use of Collaborative Tools BlockChain Technology

9. WRAP UP Distinctly speaking about better growth and expansion of your business, offshore software development is an ideal plan provided you set your goals and targets straight and understand the risks involved. Carefully defining your project, choosing the best offshore development partner, hiring a pool of skilled people and making use of proper documentation/mails to keep work transparent, communication easy, and the project coordinated are some of the ideal points that one must keep in mind. Frequent communication and collaboration between the onshore and offshore team is vital for meeting the project goals. Resource

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