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Offshore vs. Nearshore vs. Onshore vs. Hybrid Outsourcing Differences When contemplating externalized software development, it's crucial to understand the available paradigms. Nearshore Outsourcing Nearshore outsourcing involves partnering with development teams in neighboring countries or those within similar time zones.
One of the primary advantages of offshore outsourcing is its cost-effectiveness compared to onshore or nearshore models. Access Control: Role-based access and multi-factor authentication regulate who can view or modify sensitive data, ensuring that only authorized personnel can access critical information.
Smartphone users already comprise 68% of Latin America, and the GSMA’s 2018 Mobile Economy report predicts that by as early as 2022, 90% of all Internet connections in the region will be through mobile devices. Even marketing and advertising regulations can be different. Seek Local Partners When Doing Business.
The National Institute of Standards and Technology (NIST) regulates essential aspects in this field. In Europe, information security is regulated by the General Data Protection Regulation (GDPR), which must be adhered to by companies offering IT products. Equifax is obligated to pay $425 million to the affected individuals.
The National Institute of Standards and Technology (NIST) regulates essential aspects in this field. In Europe, information security is regulated by the General Data Protection Regulation (GDPR), which must be adhered to by companies offering IT products. Equifax is obligated to pay $425 million to the affected individuals.
Nearshoring. Nearshoring has resurfaced as a trending term due to the shift of foreign operations from China to Mexico. and China stemming from 2018. It led to portfolio diversification and/or a complete move of operations to Mexico , making nearshoring the more favorable strategy in terms of supply chain security.
Subsequently, on January 25, 2018, Alan Soros voiced his opposition to Bitcoin, again categorizing the currency as a “bubble.” 2017-2018: new challenges – new players The year 2018 bore witness to the monumental event known as the Great Cryptocurrency Crash, during which numerous voices prophesied the downfall of Bitcoin.
In contrast, the regulations may be less stringent or non-existent in other regions. For instance, the European Union has implemented the GDPR (General Data Protection Regulation) , which took effect on May 25, 2018, and serves to regulate the protection of data and the privacy of its citizens.
Earlier in this series, we looked at different outsourcing models—nearshore, offshore, onshore—along with the pros and cons that come with each option. According to the European Commission , all EU trade agreements include high-level IP protections, which align closely with US regulations. Time Difference. Latin America. Azure experts.
Contrary to models like nearshoring or onshoring, offshoring means building a team in a country where you likely have limited knowledge of legal and business-related matters. Some of the best offshore development companies are accredited with official security certifications confirming their compliance with industry regulations (i.e.,
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