Technology is increasingly influencing multiple aspects of our lives. With the new age of automation and smart-phones becoming an integral part of our lives, technological innovations have simplified and optimized multiple tasks.
From finance, agriculture to healthcare, there is a software to optimize minimal to mammoth tasks, you name it. This has led to a surge of SAAS companies in the market, looking to develop software that can help take their organization to the next level. From start-ups to multinational companies, it is the age of IT.
The Need for Dedicated Software Developers
The increasing demand for SAAS, in turn, translates to more demand for skilled software developers to help innovators and entrepreneurs execute their ideas. Organizations that indulge in developing software as a product or a service are often in need of hiring a dedicated developer to help them execute the vision of the software they’re willing to push into the market.
However, hiring a dedicated developer for software development comes at a huge cost, especially if developed countries are hiring from mega tech-hubs such as the Silicon Valley. The average salary of a developer from the Silicon Valley would amount somewhere between $100k which may be way out of budget for certain start-ups and organizations.
However, as the demand for software development becomes a rising trend, countries around the world have started churning out highly skilled just as talented software engineers who can indeed execute these projects for clients. There may be times when an in-house team is insufficient or not effective enough to create a product that meets your goals. In these kinds of scenarios, you may be required to create an offshore software development team and outsource your product development process.
But, Why You Need To Hire a Dedicated Developer?
Here are a few cases where there you may need to hire a dedicated developer team for product development:
1. An in-house team may prove to be out of budget
Sourcing local talent and building a dedicated in-house team for creating your product may at times be way out of budget. You can expand the skill-set of your existing team, but it is time and money that you might not possess. Apart from this, the money invested in building your resource may also prove to be an investment in vain if the in-house team demands a higher salary for developed skill-set. In such cases, offshore software development is a good option. You need not hire a dedicated developer team for in-house product development and rather outsource the execution to an offshore software development company or service. This will prove to be easy on the pocket option.
2. There is a requirement for a specific skill-set
There may be a scenario where certain aspects of your software may require a specific kind of developer. In cases where your in-house team is not equipped with the kind of language or skill-set, you require developing parts of your project, hiring a dedicated developer as an in-house addition to your team full-time may cost you more time and will delay product development. You may not even require the developer as a permanent addition to the team at times where the task is only limited to product development for short-term basis. In such cases, it is better to outsource the task to an offshore software development team. You can hand over the aspects of product development where you may lack skilled developers within your team. This helps you save up on time and money and also provides a window of opportunity for your existing team to perfect other aspects of your product.
3. Software development is to be executed on a small-term project basis
You may be involved with an organization that does not actively focus on software development or offers software as a product or a service. There may be requirements of building certain software for your company on a small term basis for a specific project, for e.g. you may require team management software for an upcoming in-house corporate event your company may be hosting. In such situations hiring an entire in-house software development team only for a short term is a time-consuming idea that requires an investment that may not be worth it. In such a scenario, it is best to outsource your software development and hire a dedicated developer team offshore to complete the task for you. This also gives an opportunity to your existing in-house team to focus on the main tasks related to the project that may hold higher importance.
4. There is a time crunch in regards to the product launch
This is a scenario where organizations may need to develop a product with a shorter lead time. The difference between ideation and the time by which the product is to be launched may turn out to be insufficient for your in-house team to complete the product development. In such a case of a time crunch, handing over the software development to offshore software Development Company with a larger team of dedicated software developers is a better option. This is true especially in cases where you may not even have the required skill-set within the in-house team. It may take up a lot of time and money to hire a dedicated developer for the same. It is resources and time you don’t have. Hence, offshore software development may prove to be a better and faster option in such cases.
5. A varied and vast team of developers is required for the execution
You may have a great idea of software you wish to launch in the market. Your product idea may be unique yet complex which would require a wider talent pool with differently skilled software engineers. Finding these varied developers and building a vast team of developers each with their specific skill set may turn out to be tedious. You can outsource the initial product development to an offshore software development company rather than hire a dedicated developer for each task. You can create an in-house team later to manage your product and oversee the development and progress of the same. This is an easier and more efficient solution in case of products that require multiple skilled developers. Outsourcing provides a more cost-effective, wider talent pool for you to choose from in regard to your product development.
Thus there are a lot of scenarios where outsourcing software development may seem to be a more convenient option rather than building an entire in-house team from scratch. You can either hire an offshore software development company or hire a dedicated developer and outsource your project to them. Either way, it is best to do your research before you choose the company or the developer that you may be willing to hire. Make optimum use of the internet and all the resources at your disposal i.e. social media groups, word of mouth as well as all the references you can get before you make the decision as to which developer or company you may be hiring.
Okay! But Will Outsourcing Prove Beneficial For Product Development?
Outsourcing your product development to a service or a dedicated developer may prove to be beneficial in a lot of ways if done correctly. Here are a few benefits you may gain from taking that route:
1. Time Saver
As mentioned above, shorter lead times may lead to time crunch and at times delay in a product launch. Hiring an offshore team, rather, hiring the right offshore team will ensure that your deadlines are met and your product is delivered on time. It also helps you save time on sourcing multiple developers for specific aspects of front-end and back-end development of your product. The time spent in coordination and development track is also less as compared to building and developing an in-house team from scratch. These are already skilled software developer(s) with whom you need not coordinate individually on a daily basis. Thus the decision to hire a dedicated developer or an offshore software development team to outsource your product may actually be in your benefit.
A lot of time, effort and monetary resources are required in building an entire in-house team from scratch and adding on to their skill-set. Apart from the monthly payments which in turn are higher in a lot of developed countries, you may also be required to provide incentives and invest in their skill development to meet your product goals. This may at times prove to be an out of budget option for you which may push you over the budget for product development. In such a scenario it is best to hire a dedicated developer externally or outsource the software development to an affordable offshore software development company. The option proves to be an affordable one in such cases.
One of the major pros of outsourcing your software development process is the expertise that the offshore software development team brings to the table. As mentioned before, it is best to research your options before you hire a dedicated developer team offshore or opt for an offshore software development service. Once you find a company with experience and expertise that meets your product vision, the skill-set of the developers can really work to your advantage. You can execute your product vision and meet your development goals in time within your budget along with leveraging the expertise of the offshore team in the kind of software development you’re looking for. For e.g., if you’re looking to build a financial software, you can hire offshore teams that have been working in the fintech software niche specifically. This can truly work to your advantage, delivering a product that meets the market standards.
4. Easy management
It is at times easier to manage the process of software development when outsourced to an offshore software development team. You need not coordinate with the entire team individually. The software development process is carried out as a whole by the developer or the team that you outsource your project to. Hence, you only need to coordinate with the decided upon authority or the team lead based on deadlines given for the project. You can gain daily or frequent progress reports from such companies which can then give you an idea of how effective and productive is the software development process that is in progress. This really simplifies the management in regard to product development. You can also leverage a range of team management tech tools for the same and simplify the process further.
5. Wider skill-set
Looking to expand your team by outsourcing your product development and making the decision to hire a dedicated developer or an offshore software management service really expands the talent pool that you get to choose your team from. As mentioned above, countries around the world have been churning out top-notch software developers with varied skill-sets. Once you’re aware of your product requirements, hiring a dedicated offshore software development team gives you the opportunity to leverage this wider skill-set from across the world.
Thus when executed correctly, offshore software development can turn out to be quite productive and efficient.
However, there are two sides to every coin. Similarly, along with benefits, there are certain limitations to offshore software development. Once you hire a dedicated developer or an entire offshore development team, you may face certain issues at times such as a lack of face-to-face communication. It may not be possible to travel frequently to the location where your offshore team is based. This may also lead to ambiguity in terms of how far along your product development process is in progress. Hence, you may be required to track the entire process quite frequently and take daily or weekly progress reports from the said offshore team.
This is where research also plays an important role. You shall be investing quite a sufficient amount of time and resources even in case of outsourcing your product development. Therefore, it is absolutely essential that you pick the right kind of company or a dedicated developer based on your requirements, one who meets all your needs in terms of skill-set and work ethic. Only then can you meet your product goals and execute your ideas in a way that brings you maximum Return on Investment (ROI).