More businesses are beginning to discover the benefits of hiring remote developers. This includes benefits such as lower costs, higher productivity, greater flexibility, and access to a larger talent pool. The COVID-19 pandemic has changed the way many businesses operate, especially in the tech industry. One of the most noticeable trends is the increased hiring of remote developers.
When you select remote development over the other options, you gain the edge with access to technological advancements, cost-efficiency, flexibility, and scalability. It also means more innovative and feature-rich solutions. A high number of businesses have taken advantage of the benefits of outsourcing; this article explains the success stories of a few of them.
The trend to hire remote developers has been growing steadily in recent years as more and more companies seek to access global talent and focus on their core competencies. The shift towards outsourcing software development signifies a strategic move by businesses to leverage external expertise, optimize costs, and drive innovation. This trend is reshaping how companies operate, enabling them to stay competitive and agile in an ever-evolving market.
There are many reasons for this rapidly changing work dynamics. Remote work strategies have been around for a very long time; however, it has become more prevalent in recent times. The global pandemic, COVID-19, had little to do with this. This was a time when many firms realized the benefits of outsourcing their software development requirements.
It is now almost second nature to hire remote developers when in need of developing good software such as a website or mobile application. The main driving force behind this is:
The evolving landscape of outsourcing.
Lower costs and eliminate overhead costs of infrastructure, etc.
Gain access to a larger talent pool.
Having professionals with specialized skills on board.
Implement the latest technologies and diverse perspectives.
Remote work strategies have gained popularity in recent years by hiring remote developers. Hiring remote developers has many benefits for businesses, such as:
Access to a larger and more diverse talent pool.
Tap into a global market of skilled and experienced programmers without being limited by geographical boundaries or visa requirements.
Increase chances of finding developers who have niche or specialized skills.
Cost savings and flexibility.
Helps businesses save money and time.
Avoid expenses related to office space, equipment, travel, relocation, taxes, and other employee benefits.
More flexibility in terms of project duration, scope, and budget, as they can scale up or down their team as needed without having to worry about long-term contracts or commitments.
Higher productivity and quality.
Leverage the latest technologies and tools to enhance their communication, collaboration, and workflow with their clients and teammates.
Augment an in-house software development team.
Focus more on core business activities and benefit from that.
Here are a few statistics that support this:
IT Outsourcing is projected to rise to USD 430.5 Billion by the end of 2023.
Businesses willing to hire remote developers are expected to rise by 70% in 2023.
According to CTOs - 42% benefit from the ease of scale, 39% from time saved, and 33% from an increase in productivity.
According to CEOs & Founders - 38% benefit from access to professionals with special skills, 35% from lower risk, and 35% from a fresh perspective.
According to VP - 48% benefit from lower costs, 41% from access to professionals with special skills, and 34% from access to advanced technologies.
One of the major challenges faced by companies is interacting with remote developers. However, there are multiple channels that help simplify this issue. Here are some of the main companies face:
Communication and cultural barriers: One of the most apparent challenges of outsourcing is the communication and cultural differences between the outsourcing provider and the client. Language barriers, time zone differences, cultural norms, and expectations can all affect the quality and timeliness of the deliverables. To overcome this challenge, it is important to establish clear and frequent communication channels, use common tools and platforms, provide feedback and guidance, and respect and appreciate the diversity of the outsourcing team.
Quality and security issues: Another challenge of outsourcing is ensuring the quality and security of the work done by the outsourcing provider. Quality issues can arise from a lack of expertise, experience, or supervision, while security issues can stem from data breaches, cyberattacks, or unauthorized access. To overcome this challenge, it is important to conduct thorough due diligence on the outsourcing provider, set clear and measurable quality standards and metrics, monitor and evaluate the performance and progress of the outsourcing team, and implement strict security policies and protocols.
Loss of control and visibility: Loss of control and visibility over the outsourced processes or functions. Outsourcing can create a gap between the client and the outsourcing provider, making it challenging to coordinate, collaborate, or intervene when needed. This can lead to delays, errors, misunderstandings, or conflicts. To overcome this challenge, it is important to maintain a close and trusting relationship with the outsourcing provider, define clear roles and responsibilities, establish regular reporting and feedback mechanisms, and involve key stakeholders in the decision-making process.
Legal and regulatory compliance: Outsourcing complies with the legal and regulatory requirements of both the client’s and the outsourcing provider's jurisdictions. Outsourcing can expose the client to various risks, such as intellectual property rights violations, tax liabilities, labor disputes, or contractual disputes. To overcome this challenge, it is important to consult with legal experts, review and negotiate the terms and conditions of the outsourcing contract, ensure alignment with the applicable laws and regulations, and resolve any disputes or issues promptly and amicably.
Some of the other issues include project timeline, language barrier, cultural differences, legal & compliance issues, contractual disputes, security and privacy breaches, and dependency and lock-in. While outsourcing poses risks, businesses can mitigate these challenges with the correct strategy and seeking guidance from professionals.
Acquaint Softtech is the expert when it comes to providing it staff augmentation services. You can achieve peace of mind by outsourcing your software development project to us. We are a well-established software development company with over 10 years of experience.
Hire remote developers from Acquaint Softtech with the expertise you need and gain an upper edge over your competitors.
Acquaint Softtech has helped clients all over the world achieve their goals with the help of a state-of-the-art software solution. We have developed a wide range of solutions using many different types of technologies. Read the two remote work success stories of Superfi Finance and Tryko Technologies. They both benefited by opting to hire remote developers from Acquaint Softtech.
The Project: SuperFi is a platform that has the ideal solution to ensure you do not fall into the debt trap. It has the perfect solution to allow you to manage all your debt in one place proactively. As per several surveys online, the average credit card debt per household in the UK is over 2000 pounds. SuperFi Finance's idea was to help such users better manage their debt. Their solution involved designing an online platform for users to manage their credit cards, use a tool to calculate time to be debt-free, and also be rewarded for timely payment.
SuperFi's Strategy: SuperFi Finance was not sure how to transform its stunning idea into a working solution. However, this is a firm that strongly believes in hiring remote developers. In fact, they had already hired Acquaint Softtech in the past and were happy with the outcome of that project. Thus, they decided against reinventing the wheel and outsourced their requirements to us once again. This was a wise decision as they benefited from it to a great extent. They chose to hire the following team from Acquaint Softtech:
2 MERN developers
2 React Native developers
1 DevOps Engineer
1 Quality Analyst
1 Project Manager
How They Succeeded: We developed their business plan and established the KPI as well as the project roadmap. We developed the MVP, and the full-scale product is in the development stage. The project was successfully launched. SuperFi saved over $60k. They did this by outsourcing their project to Acquaint Softtech, a software development company, instead of developing it in-house. This saved them the cost of investing in the infrastructure and much more. It also means they had a reliable software agency to deliver a quality solution.
Client Testimonial: An executive from SuperFi, a firm in London, United Kingdom, had good things to say about us at the end of the project: "The collaboration resulted in a well-executed MVP that met expectations."
The client believes in outsourcing software development and hired Acquaint Softtech.
SuperFi project helped people with credit card debt and much more.
This was a 1 year project at Acquaint Softtech.
SuperFi hired a team of 4 developers, 1 QA team member, a DevOps engineer, and a project manager.
SuperFi saved over $60k by outsourcing to Acquaint Softtech.
The Project: Tryko Technologies is a well-established business in the Philippines pertaining to the service of Trikes. They have big plans for their firm, which is to take advantage of technology in the form of a mobile app. They aim to simplify the process of using a Trike with the help of a feature-rich and highly appealing mobile app.
Tryko's Strategy: Tryko Technologies was on the lookout for a good outsourcing team after convincing themselves against hiring an in-house team. This was a wise decision since outsourcing is the more cost-effective option. The expert consultants at Acquaint Softtech guided Tryko in the right direction and convinced them to hire a software development company like themselves. We have a large team of professionals with expertise in various technologies and sufficient resources; hence, we offered them a good solution at an affordable rate. We gave them a high-quality solution, one that didn't burn their pockets.
How They Succeeded: Tryko chose to outsource their software development requirements to us, and we did not disappoint them. We provided strong backend support and help with mobile app development. The cost of in-house development is very high; hence, by hiring 14 remote workers from Acquaint Softtech, they benefited by saving close to $300,000.
Client Testimonial: Tryko Technologies initially hired 1 remote developer from Acquaint Softtech. They were so impressed by our work that they went ahead to hire 14 dedicated professionals for the long term.
Tryko Technologies has big plans for its Trike business in the Philippines.
The aim was to develop an on-demand taxi app.
Tryko Technologies chose to outsource their software development requirements to Acquaint Softtech.
They were wise enough not to develop in-house.
Acquaint Softtech convinced them to hire a software development company.
They had the need for 14 dedicated developers.
By outsourcing to Acquaint Softtech they are saving over $300,000.
There is a lot to learn from the remote work success stories in this article. Outsourcing enables businesses to optimize resources, access specialized skills, and foster innovation. It's a strategic tool for staying competitive, agile, and focused on core objectives in an ever-evolving market landscape. Outsourcing offers various benefits that cater to different business needs.
This article provides details of real-life examples of successful remote work such as how SuperFi and Tryko benefited by outsourcing to Acquaint Softtech. We have a highly resourceful team of skilled developers. Hence, your business can also benefit by outsourcing to us.
Do you have a good success story? You can share details about your success here. Here are a few resources to get started on outsourcing your requirements:
I love to make a difference. Thus, I started Acquaint Softtech with the vision of making developers easily accessible and affordable to all. Me and my beloved team have been fulfilling this vision for over 15 years now and will continue to get even bigger and better.
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