Every growing business today needs software for the simple reason that it streamlines business operations and facilitates more user engagement. Skype, Opera, and WhatsApp are some of the most popular product companies that have successfully outsourced their product development to the right software development company in India or abroad.
For software development, a business needs to find the right software development company in India or worldwide that caters to its exact business requirements and also develops a product that embodies business values.
A business approaches a software development company in India or the US or goes for outsourcing as it lacks the proficiency or the know-how to build such advanced technology or products. For this reason, it contracts out IT-related tasks or parts of the task to a third-party vendor it deems appropriate and aligned with its business goals.
Outsourcing product development has extensive benefits. In fact, according to a GlobeNewswire statement, the outsourcing market will be worth $425.19 billion by 2026.
Moreover, 57% of organizations have stated that outsourcing allows them to prioritize their core business operations and contract out the less crucial tasks. Through outsourcing, a business leverages industry experience, domain expertise, and in addition, economies of scale that the third-party vendor could offer. It further saves them the hassle and costs to recruit and retain.
The entire process of outsourced product development has to be a collaboration between the business and the custom software development company in India or overseas, wherein the former essentially need to regularly communicate with the latter about process details, progress, and timelines. The latter on the other hand should be able to nurture the collaboration by delivering milestones in a timely manner and achieving the quality standards promised, showcasing its experience and domain expertise through the medium of the product.
For a fruitful partnership, a business first needs to be clear about its requirements. It needs to choose among various types of outsourcing, check for the experience and credentials of potential vendors, and be aware of its non-functional needs such as future scaling plans, product security requirements, etc.
A business should identify and define its project requirements before finding the right development partner. A few points to identify and check are as follows:
There are three types of outsourcing for a business can choose from. The types are as follows:
A business should always factor in how long and diverse experience a software development company in India or elsewhere has in the industry. Furthermore, it should also check the domain expertise and exposure of the potential third-party vendor.
A business could refer to the potential vendor’s use cases, portfolio, and testimonials on the website, awards and credentials, reviews and ratings on online review websites, and team backgrounds and affiliations, etc., to examine its work in the field.
Clutch, LinkedIn, CIO Review, Ambition Box, Glassdoor, Google Review, and Quora are some of the websites that offer reviews and ratings of multiple companies across different industries.
Moreover, a custom software development company in India or the US must be capable of embodying the mission and vision of the solution in the end product and should be employing effective product sale strategies like SPIN, etc., as a product needs a robust sale strategy along with a strong design and development techniques to be successful.
Also Read: Need For Custom Software Development
A business should be aware of its non-functional requirements and choose a vendor who meets those needs. Some of these requirements are:
A business should examine the workflows and processes of the third-party vendor. Poor communication between parties involved in outsourcing product development will result in miscommunication, misinterpretation, and delay in meeting timelines and the project.
It is hence important to ensure that a custom software development company employs agile methodologies and uses Slack to communicate well.
This is because of the simple reason that agile methodologies allow developers and clients to collaborate and work alongside the whole time, sharing constant feedback and inputs. A software development company proficient in agile methodologies would be able to better comprehend business goals and needs, collaborating in real-time and offering transparency through the process.
We at BigOhTech, are adept at agile methodologies. We are transparent and value customer/client feedback at every significant step of the product development process.
Slack too facilitates continuous communication. It is a popular electronic communication tool that facilitates regular meetings, calls, and communication between the third-party vendor and the business. It allows development teams to be in regular constant with the client for input and feedback.
Make sure that you choose a vendor that provides after-development support and maintenance services. Your software partner should be able to assist you on short notice or in emergency situations as well.
Big Oh tech provides around-the-clock support and maintenance services to keep your software up and running all the time.
While these are some specific factors that a business should ask and look for in a software development company, there are some other basic questions that a business should ask the potential vendor. For instance, a business should check the potential vendor’s knowledge and working ease with emerging technologies. Furthermore, it should understand the work ethics and principles of the potential vendor to avoid future conflicts.
Keeping all the above tips in mind, our readers would be able to find a reliable software development partner in the US or India and move an inch closer to realizing its business goals. Read through these tips in detail to make a well-informed decision. Moreover, if you are looking for a software development company for your own product development then you have landed on the right page.
We at BigOhTech provide all that what’s required for a fruitful partnership for outsourcing product development. We innovate as per business needs; we provide transparency through regular communication and we make an impact on business and the users at large through our reliable and scalable tech solutions.
Book a consultation today!
Also Read: Benefits Of Custom Software Development For Startups
A software company may offer a wide range of services from product consultation, discovery, and design to product development, deployment, and maintenance. It can further assist with staff augmentation and dedicated developers and in building emerging technologies like AR/VR, AI/ML, Blockchain, etc.
A business could evaluate a software development company’s experience and portfolio by looking at their use cases, testimonials, awards, and credentials on the website.
Security of the project and business data could be ensured by hiring a software development company with rigid and bulletproof data protection and confidentiality policies and provisions. Furthermore, prepare an NDA that further safeguards your business ideas and data.
Client and product owners are critical to the project’s success.
Managing a remote development team can be difficult due to time zone and communication differences.
You can plan Sprint ceremonies such as Backlog Grooming, Sprint Grooming, Sprint Kick off, Sprint Review, Sprint Retrospective, and write user stories with objectives and personas so that the technical team is not only clear on technical tasks but also on business objectives.
It is also recommended to set up a communication tool, such as Slack or a Teams group, to respond to real-time concerns/questions for improved velocity.
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