Technology developments like cloud enablement, software, IT and hence are compounding the risks of outsourcing. It is therefore, vital to recognize inherent risk aspects and deal with them before venturing into an outsourcing plan.
While the concept of outsourcing appeared a few decades ago, and we witnessed a lot of software projects sourcing company in India emerging, we can’t assume that it holds the same meaning today as it did way back then.
If we have to categorize hazards of software project subcontracting in India, we would come up with the following list:
Operational hazard: Frequently, a software projects outsourcing company is situated at various locations geographically. Due to various geo distances and time zones, operational transactions might sometimes be affected.
Confidentiality hazard: Organizations worry about the leakage in confidential data and breach of trust. This is a severe concern. Nonetheless, it is not one that can’t be palliated. To go one step further, information leakage, espionage keeps on happening everywhere. Nonetheless, outsourcing companies have their code of conduct and does not truly benefit them by breaching confidentiality agreements with customers. Sourcing companies should go with referral contacts or if they are going with lesser known companies, they should carry out a comprehensive check on credibility and dependability.
Many companies have their own Centres of Excellence for technologies, different services, and domains, making it simple to apprehend needs, translate the same into project milestones, and ramp up truly fast to meet delivery deadlines.
Teaming with reputed, matured companies make sense as it assists to lessen hazard. The reason is these companies are already upgraded with state-of-the-art technologies and their suggestions can not only assist to lessen costs, but also better performance and effectiveness leading to final user satisfaction.