Offshore outsourcing is the practice of contracting with an external organization to perform some business functions in a country other than the one where the product or service will be sold or consumed. It can be distinguished from off shoring, in which the functions are performed in a foreign country by a foreign subsidiary of the company concerned.
Today, there are various functions such as software development, software maintenance, product development, remote infrastructure management, payroll processing, and document conversion, research, etc. that are being offshore outsourced to a variety of low cost countries such as India, Philippines, Czech Republic, Russia and South Africa.
There are so many companies, which have emerged as successful users of offshore outsourcing services.
When comes to Offshore software development, India is always plays a cost effective and best quality service provider. Although it needs to be careful that each had their own lessons on this journey and that their boats sailed through rough waters before reaching their respective destinations!
So everybody needs to be take care of Risk, Rewards, Challenges and Opportunities in offshore outsourcing.
Thursday, May 24, 2007
Monday, May 14, 2007
Offshore Software Development
This term has different meanings in different context, and when it comes to a country, means a jurisdiction that offers financial secrecy laws in an effort to attract investment from outside its borders. When referring to a financial institution, "offshore" refers to a financial institution that primarily offers its services to persons domiciled outside the jurisdiction of the country in which the financial institution is organized. When referring to offshore software development it refers to India.
The world is discovering the fact that India is a super power when it comes to offshore software development for IT solutions. Swept by the current of the latest trend "IT outsourcing to India", You can find many fortune 500 companies like Microsoft, Oracle, Citibank, Morgan Stanley, Wal-Mart, AT&T, General Electric, Reebok, General Motors, Sony, Boeing, Coca-cola, Pepsi, Swissair, United Airlines, Philips, IBM, Lucas and British Aerospace beneficiaries.
According to a report published by Frost & Sullivan, the Research and Development (R&D) outsourcing market for information technology in India is estimated to grow to $9.1 billion by 2010 from $1.3 billion in 2003-a Compounded annual growth rate of 32 percent.
Software development done offshore is unique of this new web-era. Many Companies outsource their software product development to offshore Development centers. Software development teams share a common mission – to Develop quality software that is to be delivered on time and within budget, which adds to the reputation of the software development firms offshore.
The world is discovering the fact that India is a super power when it comes to offshore software development for IT solutions. Swept by the current of the latest trend "IT outsourcing to India", You can find many fortune 500 companies like Microsoft, Oracle, Citibank, Morgan Stanley, Wal-Mart, AT&T, General Electric, Reebok, General Motors, Sony, Boeing, Coca-cola, Pepsi, Swissair, United Airlines, Philips, IBM, Lucas and British Aerospace beneficiaries.
According to a report published by Frost & Sullivan, the Research and Development (R&D) outsourcing market for information technology in India is estimated to grow to $9.1 billion by 2010 from $1.3 billion in 2003-a Compounded annual growth rate of 32 percent.
Software development done offshore is unique of this new web-era. Many Companies outsource their software product development to offshore Development centers. Software development teams share a common mission – to Develop quality software that is to be delivered on time and within budget, which adds to the reputation of the software development firms offshore.