Offshore Software Development: The Benefits and Pitfalls of Virtual Teams
In today’s competitive business environment, small- and medium-sized businesses are often edged out by their larger counterparts. Until now, large multinational corporations enjoyed the advantage of having affordable resources spread out across the globe. Their use of offshore software development meant that they could get the custom software they needed at a fraction of the cost of utilizing in house employees. Times have changed, though, and now businesses of every size can regain the competitive edge by outsourcing software development.
As many executives can attest, however, shepherding projects through to completion using virtual teams can have both advantages and disadvantages. Here is an overview of both:
Benefits of Virtual Software Development Teams
There are several direct benefits of virtual teams. Because they are global in nature, you can take advantage of high degrees of expertise while paying much less than the prevailing wage. Since all parties come together for a single purpose, utilizing an offshore software development company also leads to shorter...
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