Outsource Product Development – So, do these guys do exactly as what is needed?

August 13, 2013

With the idea of building a new software product, comes a number of questions on building it the right way. One of the major questions that pop up in the minds of a core product development team is about Outsourced Product Development. What is expected out of these outsourced product development companies and how to select the best outsourced product development vendor? Come, let’s have a closer look at this phenomenon.

While we decide to outsource the software product development to an OPD company, we need to keep in mind the key considerations related to market demands such as,

  • Time to Market
  • Scalability and
  • Of course, minimal cost

Achieving the above objectives through outsourced product development requires a keen understanding of the demographics that these OPD companies belong to. Among the universal set of countries that provide Software Development Outsourcing services, India rules the roost with the highest number of OPD vendors. India is flooded with diverse settings of OPD vendors that just could provide anything and everything in software business.

So now it’s time to drill down to the choice of the right city and vendors. Of course, there are many cities competing to be the best in providing OPD services but just few could accomplish that and the best amongst them is Chennai.  Chennai City is renowned as the largest city, housing a large number of outsourced software development providers with multiple clients across the world.

Making the right choice in vendor selection depends upon the business needs of any organization. Let’s dig into detail on the main factors that could be challenging in this Outsourcing business.

  1. Plenty of companies, but are they really experienced enough?
  2. Employee retention and job attrition rate
  3. Domain and Technical expertise
  4. Communication
  5. Project Management

An ideal OPD vendor would

  • Have 15+ years of experience in the outsourcing industry.
  • Have a low job attrition rate and high rate of employee retention.
  • Have sufficient experience in business providers’ domain and technical expectations.
  • Have defined an effective communication methodology.
  • Have an excellent process and project management methodologies.

The above selection criteria are the basis for the time tested and proven strategies in outsourced software development. Companies planning to outsource their software development to OPD vendors should ideally look out for

  • Technology House
  • Staff Augmentation House or
  • An entity which would work at low costs

A heedful consideration of the factors discussed above would help companies looking out for Outsourced Product Development vendors to build the best product that help achieve a company’s long-term goals.

What makes a Software Development Vendor selection effective?

February 18, 2013

Are you in the process of selecting the right vendor for software development outsourcing?

The very fact that you are reading this article shows that you are in need of selecting the right development partner for your business’ software needs. It is difficult to choose the best software development vendor for your company as you find numerous choices. If I am not wrong, you’ve got yourself a business problem, and you are thinking up an online process that will help you to solve your problem. But consider – you are not in the software business. Picking a software vendor does not actually mean that you need to know about the newest technology or the best agile software techniques (above all, this is not your area of expertise). How can you possibly be expected to assess a vendor?

As the first step, you need to understand your needs clearly and list them out against your own means to meet them by yourself. Once you draft your needs, match them with the solutions that you received from various vendors. It becomes crucial to decide whether the solution given by the vendor company is best for you or not? Or your problems / challenges require customized ones that fit into your business needs, or you would like to create your own unique solution and sell it to your customers. Based on the last two possible options, you will have to select a software development vendor with utmost consideration of all factors.

Prior to searching for a software development vendor it is always a better to consider one more time to develop your own solution for your software development challenges. Because you know your business and its needs in a much deeper detail than the vendor might get you understand.

Here are some of the primary considerations while picking a development partner,

1. Experience and proven capability in your domain

The vendor should have worked with similar companies of yours that make them competent to understand your requirements better and come up with a suitable solution.

2. Skill-set and expertise in Software Development

You need to assess and identify the skill sets of the resources of the vendor. This makes you assured of what is being expected from the outsourced assignment.

3. Track of successful project completion

If a particular vendor has failed in one project it does not mean that he will harm your business too. But at the same time if you find a vendor that has always succeeded in their projects, there is nothing like it.

4. Compatible for delegation

When you have decided to outsource your core development tasks, it is vital to check if the vendor is capable of being able to perform your tasks and own them. The best vendor can always be trusted and delegated.

5. Out of the box approach

The right vendor for your business will not only understand and execute your tasks, but they will think out of the box and bring innovative solutions for your business’ challenges.

6. Professional Ethics

Here comes the need for a trusted professional, who will warn you ahead of threats and ping you prior to opportunities. It is the genuine professional ethics that should guide your development partner to be transparent and open for suggestions.

7. Factors beyond the above six

There are many other factors that drive your decision in choosing the right vendor. Give space to your inner thoughts that arise and alarm you while taking crucial decisions for your business. Your choice of the vendor should make no compromise and should boost your confidence towards success.

Hope this article is of some use for you during your crucial decision making process of selecting a software development vendor.

Outsourced Product development | Banking Software vendors


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