Offshoring is a terminology that has been around since the 1970s; however, it gained widespread popularity as time moved forward. This is because offshoring gained strategic importance, especially in the case of tech startups. Following are some of the most prominent benefits offered by offshore in IT:
- Access to a broader talent pool
- Faster go-to-market
- Flexibility to extend the runway
- Round-the clock operations
What is offshoring?
Offshoring may require setting up additional offices in another country, hiring an offshore software development company, or simply hiring an expert at a foreign location. It is usually done with the intention of building a highly specialized & dedicated team. The term offshoring may be classified into three broad categories – outsourcing, ODCs/GDCs, and freelancing. Now, let us dive deep into each of these models to help you choose the one that suits you the best.
Outsourcing refers to a company availing … Read the rest