The internet transformed completely the way we do things and interact. Do you want a software solution ? No need to create your own software development department, you can outsource the job!
What is outsourcing ? Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company’s own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure. As such, it can affect a wide range of jobs, ranging from customer support to manufacturing to the back office. Outsourcing was first recognized as a business strategy in 1989 and became an integral part of business economics throughout the 1990s. The practice of outsourcing is subject to considerable controversy in many countries.
A large project can require skills that your staff simply does not possess. On-site outsourcing of the project, where you effectively bring in contractors to operate at your own location, can provide you with the people who possess the skills you need. Meanwhile, your people can work beside them to acquire the new skill set. Example: A company must embark on a replacement/upgrade project of a variety of custom-built equipment. Your engineers don’t have the skills required to design this new and upgraded equipment. Outsourcing this project and requiring the outsourced engineers to work on-site allows your engineers to learn and perfect their own skills.
One of the primary reasons why a business may want to outsource a task is when it requires skilled expertise. To allow you to focus on your core mission in providing a high quality product and service to your customer offshoring the task to people who can perform it better makes sense. Workload increases with additional non-core functions and the quality of your core activities suffers as your business grows. Outsourcing in such scenario to a third party plays an important role by allowing your key resources to focus on primary business tasks.
The most obvious and visible benefit relates to the cost savings that outsourcing brings about. You can get your job done at a lower cost and at better quality as well. Due to the difference in wages between western countries and Asia, the same kind of work that is done over there can be done in India at a fraction of the cost. There is a cost savings of around 60% by outsourcing your work to India. Plus, the quality of the services provided is high thereby ensuring that low-cost does not mean low-quality.
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CodeCoda is an innovative global IT and BPO services, solutions and Advanced Software Development provider, in one of the fastest growing industries worldwide. We were founded by IT Veterans to provide a stable way of working for themselves and being true to their understanding about true customer dedication and technical excellence. Headquartered in Dublin, Ireland and with a production facility in Plovdiv, Bulgaria, CodeCoda provides reliable IT Outsourcing services in a variety of high-tech technologies, ranging from AI to Custom Web Development. We operate on a global scale, and work with Small and Medium size companies up to Fortune 500 enterprises, ranging over a variety of industries, normally on contracts that last longer than a year.
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