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Offshore software development has become increasingly popular in the digital era, offering businesses the opportunity to access a global talent pool while reducing costs. However, one crucial aspect that needs careful consideration is the selection of the right country for your offshore software development project.
A 2023 study by Deloitte found that 81% of executives cited clear project requirements as critical for outsourcing success. What's the difference between outsourcing and offshoring? While often used interchangeably, outsourcing and offshoring have distinct meanings. How do I manage time zone differences with an offshore team?
For that purpose, offshoring is a better solution. In comparing staff augmentation vs offshore development , the latter wins regarding long-term growth. For example, Preqin, a UK FinTech that had previously outsourced before contacting us to offshore software development and expand their engineering capacity.
But are there hidden costs in outsourcing? The lead-in to 2023 is shaping up to be a turbulent time for many organizations due to a variety of factors, including the COVID-19 pandemic’s global effects, the conflict in Ukraine, and economic constraints brought on by growing inflation. What are they and how can you mitigate them?
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