My Recommendations

When organizations grow and saturate their energy levels on areas of product development, it is essential they use their expertise in innovation and cost control. While innovation can be taken care of in-house, cutting costs can be achieved through software outsourcing services. Especially in the field of IT and IT services, outsourcing is the new buzz word.

Organizations providing such services, usually combine areas of offshore product development, User-Interface Engineering and QA test automation. The aim is to improve throughput and final product efficiency. The emphasis is more on usability and adaptability and Test Automation tools are built on these basis. Without compromising on time and quality, offshore software development enables organizations to optimally manage their resources and look high on the market segment too.

Outsourced Product Development is a comparatively upcoming field in the software industry. Software companies are saving millions of dollars by outsourcing their product development or at least a part of it. The tight competition demands the software companies to produce qualitative products faster and cheaper as compared to their competitors.

In any company a technical management team can visualize the product based on their customers need. But it requires a skillful engineering effort for the product to be realized into a successful, profitable one. The cost of building up a strong development team is quite high. Outsourced Product Development is just a money saving substitute for in-house development.

Outsourced Product Development companies help in accelerating new product development while keeping the cost of engineering low. Many ISVs (Independent Software Vendors)/ software product development organizations and start-ups adopt the smartest outsourced product development strategy. Company’s valuable resources are directed towards the more vital activities of product innovation, product management, differentiation, CRM, marketing & distribution.

The growth rate of the Outsourced Product Development is expected to outsmart that of traditional IT services and already companies are making their presence felt in this sector. This segment is also expected to fuel the next boom for technology professionals seeking challenging roles. From close to a hundred thousand professionals, this segment is expected to offer a million jobs in the near future.

While it’s a well known fact that outsourcing is good for business, offshore software development is an icing on the cake providing more advantages. Today most of the offshore software developing companies are business conglomerates with a capacity to deliver services beyond expectations. India is a perfect example which showcases how offshore software development can be a driving factor for an economy boom. Factors like low development cost, high skilled man power, and competitive billing has triggered the great IT boom in India. There’s a great demand from all over the globe to outsource their work to India.

Gone are the days when outsourcing to India means fixing a few y2k bugs. The software outsourcing industry in India has matured over the years from the low end bug fixes and testing to bigger pieces of the pie like entire product line maintenance. More and more software firms are realizing the importance of getting Indian engineers involved from the product design phase, leading to complete development or at least completely independent modules being done out of India. Outsourcing firms are moving onto the consulting bandwagon and are positioning themselves as high end consulting companies - from outsourcing key component to complete product development. Today the buzz is about Outsourced Product Development than offshore software developing.