The use of offshore development teams began back in the late eighties. The companies that use them today have seen tremendous success. The ones that have not switched over need to catch up with the times.
Professionals from around the world all agree that new startups need to take the time to find an offshore development team to help them gain traction, and to ensure that they make a profit quickly.
Fortunly has found that 54 percent of all companies use offshore teams, and out of those 78 percent of them feel that it has had a positive impact on them.
It goes to show that companies are finding benefits from development teams that can be halfway across the world. You can chat with any company that has experience with offshore help, but when it comes down to it there are eight basics benefits found.
1. Streamlines Business
Having a dedicated team offshore will increase your ability to grow by offering you the information that you need to succeed. The type of software you will need, the equipment, robotics if needed, are all things with which they can help. The team will also work with you and help you get the most out of your marketing and engagement strategies.
2. Reduced Costs
The price of having an offshore development team can reduce your costs by a decent amount. Obviously, there is no set total that you can save, and there is no guarantee that you will save money if you do not pick the correct team to work with. When the offshore team is matched to your business perfectly you can expect to save 10 to 15 percent.
3. Pool of Great Talent
Using offshore teams allow you to pick the best of the best from around the world to work with. Sometimes when you hire from the local talent pool you do not get the caliber of work that you expect. A person across the ocean may be a specialist in the area that you are currently lacking. You do not have to pick the best employment candidate and hope for the best.
4. Newest Technology
Once again, if you rely on local companies and employees to keep you ahead of the competition you may find yourself falling short. Access to the newest innovative technology can make the difference between a profitable year, or one full of losses. If you want to manage offshore development team all you need to do is fire up the laptop and use an application to meet with them. You can then get a visual idea of what they are doing for you, and what they can do for you in the future.
5. No Cap
A normal company is limited on the size of the projects that they can take because of their staff, equipment, or their ability to work out the details. With an offshore team you can go as big as you want. The team will keep you ahead of the curve in every way.
6. New Projects
If you are constantly having to manage substantial amounts of employees you will find it hard to branch your company into different directions. The team that is not in your area can relieve a large amount of pressure and workload.
7. Full-Time Employees
You will no longer need large amounts of employees on staff to complete a project. Since you have a dedicated team offshore working hard for you most of your full-time employees can be cut back in hours, or even sent off to look for a new job.
8. Time To Focus
You will find that you have more time to spend on the important tasks that you have had to put off. Time spent at home will also increase because your company will be well cared for.
Having an offshore development team has so many positive effects on a company that it is a little strange that only a little over half of the businesses take advantage of it. You can decrease your costs, increase your output, optimize your expenses, and secure any innovative technology and talent that can give you the upper hand on your competition.