1. Cost-efficiency
Delivering high-quality projects without exceeding budget is one of the most prominent challenges software developing companies face. Hiring offshore development services can reduce the development cost by as much as 60%.
Setting up an ODC in a developing country like India helps businesses.
It is a major tech destination and ranks among the top 10 countries for offshore IT projects. It offers a massive talent pool across technologies. It has a lower cost of living, which results in lower labor and infrastructure costs. It has favorable government policies toward the IT sector.
2. Specialized Skills
Tech demand plays a critical role in the digital economy of a nation.
A nation with an affinity towards certain technologies is bound to have a higher supply of tech experts in these technologies and vice-a-versa. This creates an imbalance in the distribution of resources across the globe.
An offshore development center helps balance the market by providing technology specialists that may not be available or are limited in your local geography.
3. Tech Backup
While building a software product, enterprises hire specialists and uniquely skilled resources to create quality solutions. Losing a resource like this could adversely affect the timeline and quality of the solution.
An Offshore Development Centre aids in creating resource backups for your in-house teams. These backups are maintained at a much lower cost of ownership and can take over the responsibility of the project, ensuring zero downtime. This enhances your organization’s resilience and thereby helps mitigate risks.
4. Extended hours of work coverage
A dedicated offshore team working across borders operating in a different time zone ensures that your project development continues even in your off-hours.
Your quality team can easily review the work completed this way with a feedback mechanism in place. This way, companies ensure zero lag or delay in the project. Thereby fast-tracking the overall project development lifecycle.
5. Business extension
Offshore development centers are a great way to expand your business presence and offerings overseas.
An ODC helps you create:
a physical business presence in an offshore market with minimal cost commitment allows localizing of your products and solutions to tap the potential customer base in new markets helps create brand affinity amongst the local businesses6. Focus on core competencies
With an offshore development center in place; businesses can delegate their IT operations to the offshore team and focus resources and time on building their core competencies.