Offshoring for digital transformation: 6 ways it reshapes businesses
Offshoring. It’s agile. It’s transformative.
And it can revolutionise your business in today’s fourth industrial revolution.
In fact, 93% of organisations have adopted or are ready to adopt a digital-first business strategy to stay competitive. Most utilise offshoring for its cost-effectiveness and access to global talent expertise.
But that’s not all.
In this article, we’ll discuss offshoring for digital transformation and explore six key ways it can propel your business towards success.
- Enjoying greater scalability and flexibility
- Achieving cost optimisation and increased efficiency
- Accessing a global talent pool
- Accelerating round-the-clock operations and faster time to market
- Fostering knowledge transfer and skill development
- Cultivating innovation, creativity, and adaptability
Let’s dive into it!
Greater scalability and flexibility
The two words that best define the offshoring model are scalability and flexibility.
Let’s say you want to build a dedicated team of developers overseas to build and maintain software for your company. You find a reliable offshore partner that hires and onboards talent for you, and you agree to set up a team of five engineers.
After a few months, your business grows. You want to launch new products for your customers and decide to hire six additional engineers.
Thanks to offshoring, a process that your organisation may take half a year to complete can be solved in weeks.
An excellent offshore development company will search for the best tech talent available and provide you with top engineers whenever you need to expand your team.
Cost optimisation and increased efficiency
Value for money.
That’s what you get when you leverage offshoring.
For instance, the average hourly rate of an Indian developer is €28/h, while a US engineer earns up to €65/h.
And it’s not only about money, but quality.
Developers in countries like India or Poland are known for their high commitment and business cultural alignment contrary to their US or Western European counterparts. If you’re a CEO, CTO or tech leader, you’ll know how valuable these attributes are.
When your offshore team is aligned with your organisation’s mission and vision, the results speak for themselves. Despite the geographical distance and time zone differences, offshore developers bring increased efficiency and unparalleled technical expertise.
See Google and Microsoft.
These tech giants have Research and Development Centers (R&D Centers) in Bangalore, India. Each office is home to thousands of engineers who help these enterprises thrive in the digital world and future-proof their businesses.
But you don’t have to be a large corporation to benefit from offshoring. Given the cost-effectiveness of this model, you can start building a team of highly skilled engineers within a budget that suits your needs.
When choosing an offshore developer, consider factors like the offshore partner’s reputation and the developer’s tech expertise, not just their location.
Limitless access to a global talent pool
Do you struggle to find top talent in your region to keep up with the demands of digitalisation?
Don’t worry. You’re not alone. According to Gartner, 64% of executives see the tech talent shortage as their biggest barrier to adopting emerging technologies.
With offshoring, finding the right talent to meet your business goals is easier than ever. There are no limitations to where you can hire elite tech professionals: the world is your talent pool.
In countries like India, where 1.5 million engineers graduate yearly, you can search for skilled developers with high English proficiency and specialised in niche programming languages.
Eastern Europe and Latin America are also up-and-coming tech hubs, with countries like Romania and Colombia producing qualified engineers with experience working with international firms.