Lee Kuan Yew, the first prime minister of Singapore said, “If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business”.
Offshore
outsourcing is a geographic activity. In the nations that are
developed, products and services are expensive because the human
resources required to produce and distribute them are costly. Meanwhile,
the developing part of the world offers a large pool of inexpensive and
skilled labor. The growing number of start-ups, the quest for
specialized skills, the necessity to harness innovative technologies
like AI, Machine Learning,
Big data Analytics, etc. has forced businesses to leverage the benefits
of hiring an Offshore software development company. And, mind you,
offshoring returns the favor. With years of experience under their
belts, demanding skill-set one looks for and the cost that one can never
expect in their region, it pays back. Read full blog here - Ways to give you more control when hiring an Offshore Team
