Upcoming Trends of Software Development to Facilitate Business Growth
In the world of software development, offshore services was introduced in the late 1990s. The approach created much upheaval across the business community. The majority of investors thought it to be absurd and impractical. But time proved they were wrong in their prediction. Nowadays, the term offshore software development is not as fresh and interesting as it used to be even few years earlier.
Offshore software development : Then and Now
In the past, offshore development only aimed at cutting down operating cost for large-scale business organisations. At present, it is considered as a smart investment to improve operational quality. Moreover, it introduces easily scalable and highly flexible services to the market.
This drastic paradigm shift obviously has not occured overnight. There’re innumerable reasons behind it, including the following:
- Higher revenue generation
- Lower operational and labour cost
- Allows businesses to focus on their core competency
The entire offshore industry exemplifies pure innovation. It not only offers pure cost reduction like that in the past but also guarantees handsome returns on investment.
In this circumstance, businesses are looking for offshore talents and this trend is more prominent in the IT industry than elsewhere. As per statistics we’ve in hand, the global offshoring and outsourcing market in 2017 totalled to US$ 88.9 billion, which is huge.
Now it’s time to look toward the future. In the following paragrphs let’s try to speculate some major offshoring trends in near future.
Upcoming trends in offshore industry
Newer offshore destinations
India enjoys the status of the #1 offshoring destinations on earth. Nearly 80% of the world’s largest companies have their offshore operations running in India. Even many latin American and other Asian countries are preferred offshore destinations for global businesses. But India is a more preferred destination for the global business community. This is because of certain factors, including the following:
- High-quality service
- Business-friendly IT policies
- Flexible pricing
- Easy avilability of cutting-edge technology
Greater emphasis on data security
Data security has been a major concern over the years for businesses that recruit offshore development teams. Many companies consider outsourcing as being exposed to data theft and compromising on their sensitive business information. In this circumstance, the Data Security Council of India (DSCI) organised an Annual Information Security Summit in December 2017 to address the growing security issues. As a result, businesses in India are less concerned about data security. With data integrity certifications and other developments, it is correct to say data security is fast evolving to address the needs of the time.
Cloud computing is very popular in the recent times and the majority of businesses use this technology in some capacity or the other. Apart from that an increasing number of businesses are trying to implement solutions based on this technology to improve their service quality. Studies reveal organisations that invest in cloud computing, experience a much higher revenue growth than their competitors.
- Cloud computing helps businesses achieve greater customer satisfaction, which in turn contributes to higher profit margins.
- It helps businesses maintain an average uptime of 99.9%.
- It enables businesses to provide service 24/7.
- Could-based applications can be launched anywhere, any time.
- Cloud offers flexible facilities catering to unique needs and circumstances of users.
- It offers automated updates, enhanced security measures and better collaboration.
Considering all these facts, it seems obvious that cloud computing is going to be the leading outsourcing trend in near future. It will enable offshore developers focus on improving productivity.
Increased usage of collaborative tools
Collaborative tools aim to aid individuals to support one another in reaching a common objective. These days, collaborative tools act as bridge between onshore and offshore teams of a corporate organisation. When you invest on collaborative tools, chances of miscommunication become more marginal along with improving prospect of better time management and even cost-cutting. Some of the popular – rather indispensible collaborative tools - include the following:
- Trello - It is a collaborative project management and storage tool with an intuitive user interface.
- Yammer - It is an enterprise social network resembling a collaborative environment. Team members use it as a platform to upload files and micro-blogs. It also allows followup on discussions with team members spread across the globe.
- JIRA - It is a software solution meant specially for offshore teams that shoulder the responsibility of software development. It makes easier for developers to perform certain tasks like modifying and customising scrum boards, tracking bugs, and to check project status.
Rising demand for cutting-edge skills
The IT sector is ever-evolving and thus, IT workers are expected to master newer, cutting-edge skill sets. Skilled IT workers will be in high demand, compelling organisations to recruit offshore development teams. Apart from hard skills, IT professionals must master soft skills like communication, teamwork and leadership to stay in demand.
Blockchain is one of the most cutting-edge trends in technology. It is widely used by some of the major industries including healthcare, telecom, media, banking and finance. It offers lot of benefits ranging from improved resilience, reduced cost and complexity to lesser chances of data duplication. Businesses have already uncovered innumerable reasons to adopt Blockchain. IT professionals with Blockchain expertise are obviously going to be in high demand for recruitment. This overall development automatically brings the focus back on offshore developers possessing Blockchain expertise to work on projects that are based on Blockchain principles.
These are some of the most likely trends in the IT industry. History confirms IT trends keep changing almost at regular intervals. Till date no IT trend – however popular – has lasted more than 3 to 4 years. Offshore IT companies, specially those in India, have arrived in the picture at the later stages when a reigning trend is about to get replaced by a new one. However, with the emergence of SMAC (abbreviation for social, mobile, analytics and cloud) since 2014, the offshore Indian IT companies have managed to move to the forefront of innovative IT field.
In this context, it is relevant to mention about Induji Technologies – an outstanding offshore software development company in India. The company was established in 2016 to cater to IT outsourcing services across the globe. Core domain expertise blended with innovative approach and creative ideas has enabled Induji to deliver smartly tailored solutions to meet unique needs of businesses. Induji Technologies cater to businesses of all sizes, ranging from startups to established brands, cutting across industrial domains.
You are guaranteed to get realistic, feasible, comprehensive and easy-to-implement solutions carefully tailored to suit your business needs from this reliable software development company based in India.