Outsourcing of software development: the main pitfalls
The demand for IT outsourcing services has reached a sky-high level. According to Grand View Research, the global market in 2019 was estimated at $520.74 billion with an estimated compound annual growth rate of 7.7% over the next seven years. The makes the outsourcing of software development one of the fastest-growing industries. Outsourcing software development has many advantages including cost reduction, improved efficiency, mitigated risk, and enhanced security. To add to this, 78% of businesses have a positive view of outsourcing.
On the other hand, as good as it sounds, choosing the wrong outsource providers may not achieve such good results. It is therefore important to do your homework before making a choice. We’d like to share with you the six main mistakes to avoid when it comes to outsourcing software development, as identified by Vlad Vahromovs, CEO of Intellectsoft:
- Not doing background research;
- Limited discovery;
- Hasty onboarding stage;
- Poor contract management;
- Lack of control over code quality;
- Misaligned collaboration.
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