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By outsourcing offshore development, companies can reduce these costs, as they are paying only for the services rendered by the development team. Lower LaborCosts: Outsourcing to regions with lower laborcosts (e.g., Make sure these expectations are clearly communicated upfront.
By partnering with offshore development teams, companies can significantly reducelaborcosts without compromising quality. A study by Deloitte revealed that 59% of businesses cited cost-cutting as a primary reason for outsourcing.
Advantages of Outsourcing Software Development Outsourcing software development offers several compelling benefits for businesses of all sizes: Cost-effectiveness: Outsourcing can significantly reduce companies' development costs. Schedule regular video conferences during mutually convenient times.
Since conference attendance and networking events are likely to be significantly reduced in 2021 as long as there are COVID-19 health risks, AI-driven sales support and lead nurturing are a must-have. According to a global AI survey, 44% of executives in companies that use AI have realized cost reductions. .
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