| 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 attracts
most of the Fortune 500 companies worldwide to the outsourcing
industry is the significant savings attached to an 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.
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