At last Thursday’s small program, “Onshore vs. Offshore Software Development: Making an Informed Decision”, we heard the pros and cons of using onshore and offshore software/IT companies from two industry experts. Onshore outsourcing refers to when a company receives some of its business operations from smaller companies within one’s own country. On the other hand, offshore outsourcing refers to when a company finds solutions to some of the aspects of its business through cheap and talented manpower outside one’s own country.
A few key takeaways from our speakers Rahul Asanikar, co-founder and Head Operations at Benchmark IT Solutions, and Kevin Jones, Founder and President of Ectobox:
- Regardless of onshore or offshore, all custom software vendors should create a road map for your project, follow software industry guidelines, and communicate regularly and give periodic reviews
- When deciding between onshore or offshore IT solutions, it is critical to define what you need in terms of both product and project
- If you can overcome some of the challenges (time zone, language, culture) of offshore outsourcing, you could improve your bottom line by cutting costs up to 70%
Have you had experience with onshore or offshore IT solutions? Share you story in the comments section.