Emerging Trends in Offshore Software Development
On June 21, 1948, the famous computer scientist Tom Kilburn wrote the world's first piece of software. Even he might not have anticipated that one-day software would be used for all kinds of the business process.
Every business needs robust software for better work management, and that's why IT companies are facing a hefty demand for software development. To meet such immense demands, software companies are hiring other software companies to boost software development and meet the needs of their clients. This process is called 'Offshore Software Development.'
According to recent research, almost 80% of global businesses are preferring offshore software development companies.
Imagine the spike in coming years!
A development company can outsource various resources such as app development, UI/UX design, web app development, and much more.
Besides, to cope with changing market space and user demands, a company should keep pace with the trends of offshore software development that we have discussed in today's post.
Offshore Software Development Trends to Look Forward
The concept of Offshore software development is increasing like fire. By considering all the challenges and the existence of advanced technology which can become handy, we have listed the 11 most crucial trends of offshore software development that you can't afford to miss.
Have a look!
Share Online Resources with Cloud Technology
With cloud computing, organizations can share online resources and lower management efforts. For that reason, more and more companies are emerging to cloud computing for complete efficiency. Cloud computing also ensures a spike in profit and customer satisfaction as this technology makes your business reliable for your customers. Apart from that, the cloud-based application offers you to make your services 24/7 available.
Start Focusing on the Expertise of the Team
Your offshore company could have a team of professionals who thrive in their field. So instead of using your technical team, you can leave the long-term projects on your offshore company's experts. This way, you can save your professionals' skills for crucial projects and internal projects and let the offshore experts handle the rest. Now that's what we call the perfect utilization of resources!
Started on 30th August 2011, Blockchain has spread its roots in the entire world in all these years. Apart from investing in cryptocurrency, one can use Blockchain technology for business handling.
Blockchain has played a vital role for offshore software services as it helps increase the resilience, digital or online transaction speed and reduce the complexity & cost of an organization. Blockchain also helps IT and non-IT companies reduce data duplicity, which protects the company from damaging the brand reputation and its clients from major risks such as poor user experience and repeated calls, emails, ads, etc.
Real-time Monitoring with Virtual Employment
During this pandemic (COVID-19), everything went virtual, from online hiring to working from home. Many great companies used steadfast communication tools such as Skype, Google Meet, Slack, etc., to continue their daily office activities with the employees & regular meetings with their offshore professionals. We expect this virtual employment to become a major piece of our working life because COVID-19 might take an unknown time to completely vanish, plus, the virtual work environment is reliable, quick, interactive, and improves productivity. To make the most out of offshore services through virtual employment, you can use Practical project management tools to monitor the work efficacy of the offshore team.
Use Powerful Collaborative Tools
Collaboration tools can fill the gap between onshore and offshore teams of an organization. These tools will ensure no miscommunication, time is managed properly, and low company expenditure.
Below, we have listed some famous collaborative tools, which you can consider for your business as well:
This tool can play a crucial role in developing software. It allows each team member to plan, track, and release powerful software. Its features include – customized Scrum Boards, Kanban Boards to provide maximum output in less time, Roadmaps to sketch the big picture of your project, and agile reporting.
Trello helps your team to move ahead. It allows you to collaborate with offshore experts, manage dozens of projects, and meet new productivity milestones. One can provide the most productive and unique home working environment to their employees with easy to organize to-do lists, attachments, and conversations.
It is an internal social networking tool that simulates a collaborative environment, but not like other social media platforms such as Facebook or Twitter. One can enhance the engagement and communication across the organization by incorporating Yammer with Microsoft 365. The team members can quickly upload or share files, plan strategy, micro-blogs, and follow-up dynamic communications approach with other teams of the offshore service providers.
Avoid Risks with Data Security
Any organization that hires an offshore software development company is concerned about data security. Outsourcing software services can lower the time & efforts required for developing software for an organization, but it also could become an opening to various data threats. In 2017, DSCI (Data Security Council India) brought data theft and compromise of trade secrets through an offshore software development company in India under the light. The same implements to other offshore companies around the globe. Anyway, it led offshore companies to stress data security and, eventually, data integrity certification.
Today, you can freely hire Offshore Software Development Services that acquire data integrity certification so that you can maintain company secrecy and the data remains safe & sound.
Automation Technology for your Business
Most tech companies prefer to invest in automated technologies to transform their workflow into something which can speak and execute their own choices. Technologies such as AI (Artificial Intelligence), IoT (Internet of Things), and Quantum Computing are storming the world with seamless automation.
Increased Profit from Outsourcing
The potential customers would buy such data, which is constantly increasing. They would invest in cloud computing professionals who have helped many successful companies to extend their business with a computerized approach.
Cutting Edge Skills of the Team
With new technologies and methodologies being introduced in the market, a software company requires cutting-edge technical skills to stay competitive. The demand for extraordinary hard and soft skills such as communication, teamwork, and leadership will continue to rise in the coming years.
Also, it is anticipated that the interest of IT companies would be on offshore company's expertise in the field of ML (Machine Learning), AI, and cybersecurity.
Hence, every developer must acquire deep knowledge and practical efficiency in various technical fields.
AI & Robotics are Ruling Offshore Development Trend
As we discussed earlier that automation would be a major concern for the business, AI & Robotics are not behind in the race as well. The perfect blend of AI and Robotics will cut the cost in half and reduce the dependency on manpower and will boost the performance & productivity of an organization. With AI & Robotics Processes, companies can swiftly provide their services to potential customers and automate various processes such as quick response. Hence, AI & robotics are the present and quick future of both software companies and the offshore industry.
Almost 80% of the world's big-fat companies rely on offshore services. As more and more companies are outsourcing software and other resources, various offshore locations are coming to light.
India and China have become the biggest outsourcing locations. It is estimated that their total expertise is about $105 billion. Besides, recently, the offshore companies of these two countries have faced heavy competition from Central and Eastern Europe. Ukraine, Poland, Belarus, and Romania are also strengthening their foot into the offshore industry. The Philippines is also expected to become the biggest offshore choice in the coming years. Ukraine is also getting under the spotlight with almost 1666,000 software developers.
India has still managed to be the famous center for offshore services because of certain perks such as cost flexibility, lucrative IT Policies, advanced technologies, and exceptional quality work.
In a Nutshell
Outsourcing trends will give a huge boost to IT companies. Evolving software outsourcing will provide more transparency, data safety, and the introduction of automation in many companies. Companies will communicate more efficiently, and developers will said business requirements with their cutting-edge skills. Outsourcing is the mainstream of the industry, and both companies, as well as software developers, must remain mindful of changing offshore software development trends to make sure they have the right success ingredients irrespective of the competition & challenges.