Developing custom software takes time, resources, and expertise. Oftentimes, companies are lacking in at least one of these critical areas, inherently making it difficult for them to develop custom software for themselves. If this is the case, your company may be a good candidate to outsource development. These are the top 5 reasons why you should outsource software development and what to look out for when you decide to take this route.
Why Should You Outsource Custom Software Development?
1. Shortage of Talent
In 2017, there were an estimated 1.3 million software jobs open. In 2020, the U.S. Bureau of Labor Statistics predicts that there will be 1.4 million more software jobs than there will be qualified people to fill them. As you try to build or grow your own in-house software development team, you may find that certain skills are hard to come by. Perhaps you think that you have the right team in place to take on a large development project. Mid-way through, you might find that the team is hitting technical roadblocks, leading to delivery delays and a lower quality product. With a high-quality outsourced software development company, you can rely on a larger and more experienced development team to reduce the risk of downtime.
2. Faster Development Timeline
Concept-to-market speed is critical for tech companies. You want to build innovative new features ahead of your competitors, which turns into a race against time. Instead of taking time to hire new resources to grow an in-house team for peak periods, hiring external resources on-demand can guarantee every phase of a project is delivered within your preferred timeline.
3. Focus on Core Business Goals
Scalable projects in custom software development take a great amount of project management. Deloitte’s Global Outsourcing Survey shows that 57% of respondents said their motivation to outsource was influenced by the fact it “enables focus on core business functions”. By outsourcing the development of your software, it allows you to focus on your business goals, and spend your time implementing business strategies to continue to grow your business. An outsourced company is solely focused on building your software, while you should be focused on managing the business. The marriage between your strategic work combined with the laser focus of an outsourced team allows you to better reach your goals.
4. Leverage Industry Expertise
Reputable outsourcing companies have built hundreds of innovative products. In other words, they know what they are doing! They have seen what works, and have developed processes to ensure they are building quality software in a timely fashion. When you outsource software development to an experienced company, you can expect predictability, speed, and reliability. The software development ecosystem is always changing and can be difficult to keep up with. Tools, frameworks, and processes are always evolving, but enlisting the work of an outsourcing company that stays in touch with industry developments ensures your software is top of its class.
5. Increase ROI and Decrease Overhead Costs
Outsourcing software development can save your company a lot of money, especially if you choose the right team. Developers in the US have a median salary of $94,000. The salary of these developers is only going to increase with increased competition between companies trying to hire the best developers in-house. The cost of hiring a team or adding members to an existing one will often outweigh the cost of hiring specific resources from an outsourcing company, even if you choose a high-quality outsourcing team who can guarantee top-notch front and backend development. The same Deloitte Global Outsourcing Survey shows 59% of respondents claimed they outsource as a “cost-cutting tool” for their company. By outsourcing, you not only avoid the cost of building an in-house team, but also avoid overhead costs that add up, including office space, hardware/software resources, and other operational costs.
Risks of Outsourcing Software Development
There are inherent risks in letting other people play a role in the success of your company. Calculated risks need to be taken in order to achieve your goals, but understanding the risks can help you prepare for how to deal with them or avoid them altogether.
Weak Processes and Lack of Communication
Bad processes will kill a software development project before it ever gets the chance to get off the ground. The speed of technology will derail a project very quickly and run itself into the ground if methods, goals, and benchmarks are not understood and properly communicated at the onset of any project. As much as it is up to the outsourced company to have processes set up, there needs to be a healthy flow of communication for any project to be successful.
Lack of Quality Assurance
The rapid pace of agile development may tempt developers to overlook the need for a thorough quality assurance check. Skipping this step can be dangerous to the quality of your product. An outsourced party may neglect this step or simply not understand the level of scrutiny that is required to satisfy this requirement. That’s why cheaper isn’t always better when it comes to software. Make sure you understand the quality assurance steps that an outsourcing company will take to ensure your product is up to par.
Why Choose Zensoft?
In order to build a high quality, reliable software product, you not only need to bring together skilled developers but also establish proper processes. It is imperative to make sure that developers, quality assurance teams, project managers, designers, and all other parties involved in the software development lifecycle are on the same page. Zensoft has all of those teams to handle every aspect of development, meaning that designers and developers alike are communicating in-house. Zensoft also offers clients complete transparency into the development process with ZenTracker, a proprietary platform that tracks progress throughout the entire development lifecycle and allows you to adjust speed, budgets, and capacity for your project as you go.
If you’re looking for a custom software development partner, Zensoft will work with you through the entire process, and our 100% on-time, on-budget guarantee ensures that your projects meet tight deadlines. Click below to start your project today!