India is known for its cost advantage and the largest pool of IT talent, If you consider outsourcing software development projects to India, you should not focus solely on India’s edge in software development.
Talent Landscape - India Story,Nature of Premium Quality Talent,Impact of Growth on Talent,Dynamics of Today's Workforce,Honing Versus Using Talent,Matching Individual and Organizational Needs Through Active
HR Participation,
LIVE PROJECT ON JOB DESCRIPTION AND JOB ENGAGEMENT OF EMPLOYEES IN IT INDUSTRY.NISHIGANDHA BATWAL
The project was aimed to understand the IT sector. We choose Datamatics Global Services Limited to understand the JD and Job Engagement process at Datamatics Global Services Limited.
Talent Landscape - India Story,Nature of Premium Quality Talent,Impact of Growth on Talent,Dynamics of Today's Workforce,Honing Versus Using Talent,Matching Individual and Organizational Needs Through Active
HR Participation,
LIVE PROJECT ON JOB DESCRIPTION AND JOB ENGAGEMENT OF EMPLOYEES IN IT INDUSTRY.NISHIGANDHA BATWAL
The project was aimed to understand the IT sector. We choose Datamatics Global Services Limited to understand the JD and Job Engagement process at Datamatics Global Services Limited.
The 10 most admired outsourcing companiesMerry D'souza
In the issue of “The 10 Most Admired Outsourcing Companies”, We have listed; Ascent Consulting Services employs a matrix of technology, domain expertise, streamlined business workflow, and highly skilled people to create tangible, measurable, performance improvements throughout the client’s organization
A point of view on Indian IT - Its extraordinary growth & factors that led to it, its current state & future challenges. Specifically, the case of captives in India & 3rd party technology providers (IPPs) are discussed.
This playbook outlines the primary messages we focus on when we talk about iSPIRT, both in general and when we’re speaking to a specific audience. It contains the language and phrasing we use to share these messages. You can clip text directly from this playbook, but you don’t have to use the exact words. The messaging is a springboard to help you get started – the ideas behind the headlines and web copy you’ll create for various uses.
When writing copy, you’ll convey the same ideas, but will tailor the exact words and tone to each audience and situation. In addition to the messaging, you’ll want to weave in proof points - case studies, data, and testimonials that help to underscore the validity of the message.
This playbook will help us stay consistent and on-message so that people will begin to recognize us, trust us, and share our story with others.
Indian Mid-market SaaS companies: Forging a new path to disruptionProductNation/iSPIRT
SaaS has changed the competitive dynamics for Indian enterprise software product firms, putting them on a level playing field with their western counterparts. It has opened up new market segments, notably the small and medium sized enterprise market, whose requirements are different from those of large global 2000 businesses. These customers demand products that are less complex, plug-and-play and come at a lower price tag. This has pushed product companies catering to this segment towards a light-touch, virtually enabled model, dramatically reducing the need for close customer engagement, large field sales force, and elaborate implementation – all of which traditionally put Indian companies at a disadvantage.
Leveraging this wave, a new generation of Indian software product firms such as FreshDesk, Fusion Charts, KissFlow, WebEngage, RecruiterBox and others have started to emerge. This has created an important disruptive force in the mid-sized enterprise market. What is also interesting is that, in their pursuit for a light-touch model, these companies have evolved a unique strategy to define the product, market/sell the product and engage with customers. This iSPIRT report discusses the three core tenets of their strategy - Digital immersion, Desk marketing/selling and Cloud-based customer engagement.
Unleashing the Growth Potential of Telecomm - The telecomm industry is taking a leap into new ways of defining and delivering its offerings. - The 10 Most Prominent Telecom Solution Providers of 2019
iSPIRT Product Industry Monitor(PIM) Feb 2014 - a first-of-its-kind report an...ProductNation/iSPIRT
India has the potential to build a USD 100 bn software product industry by 2025 with resolute and purposeful action by industry and government.
• Over 50% of software product companies are completely self-funded or ‘bootstrapped’.
• Lot of senior talent from MNCs is starting software product companies – close to 40% of founders come from an MNC.
• Indian software product startups are experiencing ‘talent starvation’ at the entry level.
• 78% of Indian software product startups defy the universal logic of having founders with diverse skills, and instead have homogenous founding partners.
• The three most common product sectors that companies work in are Enterprise, SaaS and Consumer.
Offshore software development outsourcing industries comparison: Vietnam, India, Philippines, Poland.
In-depth research by Saigon Technology, a top software outsourcing companies in Vietnam.
The 10 most admired outsourcing companiesMerry D'souza
In the issue of “The 10 Most Admired Outsourcing Companies”, We have listed; Ascent Consulting Services employs a matrix of technology, domain expertise, streamlined business workflow, and highly skilled people to create tangible, measurable, performance improvements throughout the client’s organization
A point of view on Indian IT - Its extraordinary growth & factors that led to it, its current state & future challenges. Specifically, the case of captives in India & 3rd party technology providers (IPPs) are discussed.
This playbook outlines the primary messages we focus on when we talk about iSPIRT, both in general and when we’re speaking to a specific audience. It contains the language and phrasing we use to share these messages. You can clip text directly from this playbook, but you don’t have to use the exact words. The messaging is a springboard to help you get started – the ideas behind the headlines and web copy you’ll create for various uses.
When writing copy, you’ll convey the same ideas, but will tailor the exact words and tone to each audience and situation. In addition to the messaging, you’ll want to weave in proof points - case studies, data, and testimonials that help to underscore the validity of the message.
This playbook will help us stay consistent and on-message so that people will begin to recognize us, trust us, and share our story with others.
Indian Mid-market SaaS companies: Forging a new path to disruptionProductNation/iSPIRT
SaaS has changed the competitive dynamics for Indian enterprise software product firms, putting them on a level playing field with their western counterparts. It has opened up new market segments, notably the small and medium sized enterprise market, whose requirements are different from those of large global 2000 businesses. These customers demand products that are less complex, plug-and-play and come at a lower price tag. This has pushed product companies catering to this segment towards a light-touch, virtually enabled model, dramatically reducing the need for close customer engagement, large field sales force, and elaborate implementation – all of which traditionally put Indian companies at a disadvantage.
Leveraging this wave, a new generation of Indian software product firms such as FreshDesk, Fusion Charts, KissFlow, WebEngage, RecruiterBox and others have started to emerge. This has created an important disruptive force in the mid-sized enterprise market. What is also interesting is that, in their pursuit for a light-touch model, these companies have evolved a unique strategy to define the product, market/sell the product and engage with customers. This iSPIRT report discusses the three core tenets of their strategy - Digital immersion, Desk marketing/selling and Cloud-based customer engagement.
Unleashing the Growth Potential of Telecomm - The telecomm industry is taking a leap into new ways of defining and delivering its offerings. - The 10 Most Prominent Telecom Solution Providers of 2019
iSPIRT Product Industry Monitor(PIM) Feb 2014 - a first-of-its-kind report an...ProductNation/iSPIRT
India has the potential to build a USD 100 bn software product industry by 2025 with resolute and purposeful action by industry and government.
• Over 50% of software product companies are completely self-funded or ‘bootstrapped’.
• Lot of senior talent from MNCs is starting software product companies – close to 40% of founders come from an MNC.
• Indian software product startups are experiencing ‘talent starvation’ at the entry level.
• 78% of Indian software product startups defy the universal logic of having founders with diverse skills, and instead have homogenous founding partners.
• The three most common product sectors that companies work in are Enterprise, SaaS and Consumer.
Offshore software development outsourcing industries comparison: Vietnam, India, Philippines, Poland.
In-depth research by Saigon Technology, a top software outsourcing companies in Vietnam.
India has abundant talent, and this talent is always searching for the right opportunities to get exposure. Hiring the right Indian developers improves the efficiency of business processes, eventually maximizing the revenue with minimum investment.
Not to forget, 80% of European and US businesses prefer India as their first choice to outsource software development.
Outsourcing to India: Everything You Need to KnowWeblineIndia
With a low-cost workforce and a large skill pool, India is the most sought-after outsourcing location. WeblineIndia is at your service to assist you with its outsourcing services. https://www.weblineindia.com/blog/outsourcing-to-india/
8 Reasons Why IT Outsourcing in India is the Best Decision.pdfYour Team in India
The main reason why companies Outsource to India is cost-effectiveness. Outsourcing in India can significantly reduce labor and operational costs while maintaining high-quality services and access to a skilled and educated workforce.
Let’s dive deep into the post to learn about the eight benefits of IT outsourcing in India for businesses of all sizes across industries.
In the post-pandemic era, the business world underwent a significant transformation. One which has stood out the most is the pace at which companies are ramping up their efforts to leverage the new technologies. Today, building agile, resilient, and flexible business models is the key priority. But due to the economic downturn caused by the Covid-19 global lockdown, quick scaling of teams at local geographies has become a challenge. Thus companies globally are turning to India- a destination that offers a large talent pool of highly-skilled software developers across technologies. In addition to being one of the biggest IT talent pools globally, it offers resources across emerging technologies, making it a one-stop shop for all your development needs.
Introduction:
The blog commences by highlighting the increasing trend of outsourcing in the software development industry and the significance of choosing the right outsourcing destination. It sets the stage for a comprehensive comparison between India, Latin America, and Europe.
India: The IT Outsourcing Hub:
The first section delves into India's longstanding reputation as a global IT outsourcing powerhouse. It discusses the country's vast pool of skilled IT professionals, cost-effectiveness, and robust infrastructure. Additionally, the blog examines potential challenges such as time zone differences and cultural nuances that businesses may encounter when outsourcing to India.
Latin America: The Emerging Contender:
The focus then shifts to Latin America, an increasingly popular outsourcing destination. The blog analyzes the region's growing tech talent, cultural proximity to North America, and the advantages of overlapping time zones. It also explores the challenges, such as language barriers and varying economic stability, that organizations may face when outsourcing to Latin America.
Europe: Balancing Quality and Proximity:
The third section evaluates outsourcing to Europe, emphasizing the region's emphasis on quality, innovation, and proximity to many Western countries. The blog highlights the advantages of working within similar time zones and the cultural compatibility with European clients. Challenges, including higher labor costs, are also addressed to provide a balanced perspective.
Conclusion:
The blog concludes with a summary of key takeaways and considerations for businesses seeking to outsource their software development projects. It emphasizes the importance of aligning outsourcing decisions with organizational goals and project requirements, ensuring a successful and mutually beneficial partnership.
By offering a comprehensive examination of outsourcing options in India, Latin America, and Europe, this blog equips readers with the knowledge needed to make informed choices that align with their business objectives in the ever-evolving realm of global software development.
Navigating the Indian Software Development Landscape A Comprehensive Guide.pdfJamesParker406701
In this blog, we'll delve into the various aspects of the Indian software development landscape, from its key players to the latest trends shaping the industry.
Benefits of Software IT Outsourcing in IndiaNexSoftsys
With many positive factor to develop happening in the IT sector and communication in India. Software IT outsourcing development at India has mostly sought after and boosting with cost efficient.
Top Reasons to Hire Indian Software Developers for IT Outsourcing.pdfMichael Coplin
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Hire Programmers in India: Your Essential Guide to Success in Tech RecruitmentBeacon Coders
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Software Outsourcing & IT Outsourcing Company – NexSoftSysNexSoftsys
In this presentation software IT outsourcing, benefits, why needs, advantages etc… Today most of company are constantly on the looking software outsourcing firm that can help in developing new concept of software services in deliver on time with cost efficient and proper manner.
The SaaS Business Model: All Information For SaaS-based company ISHIR
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Top 20 fantastic Software ideas in 2021 to nurture startup dreamsISHIR
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30 Best App Ideas for the Startups + Bonus Ideas 2021ISHIR
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10 Cybersecurity Questions You Should Always be Asking Your IT VendorISHIR
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Why Design is the Most Important Factor in a Mobile App Development?ISHIR
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Will Flutter be the future of Cross-Platform Mobile App Development?ISHIR
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What is Web Application Penetration Testing? All you need to knowISHIR
With the increase in web applications, the way of doing business has changed along with the way of sharing and accessing data. This has invited malicious attackers to intrude into the system and gain leverage. Therefore, Web Application Pen testing has become important to defend the application and network. This guide will give you a brief idea about penetration testing, its phases, and tools.
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Top 10 things to keep in mind while developing a Mobile AppISHIR
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Link to video recording: https://bnctechforum.ca/sessions/selling-digital-books-in-2024-insights-from-industry-leaders/
Presented by BookNet Canada on May 28, 2024, with support from the Department of Canadian Heritage.
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And...
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- Grid simulation tools, such as power flows, security analyses (with or without remedial actions) and sensitivity analyses;
The framework is mostly written in Java, with a Python binding so that Python developers can access PowSyBl functionalities as well.
What you will learn during the webinar:
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Why india still has an edge in software development outsourcing in 2022, despite skill market disruption
1. Why India Still Has An Edge In Software Development
Outsourcing In 2022, Despite Skill Market Disruption
The pandemic affected the whole world, straining several people in the working class. Fortunately, IT talent could work
remotely and not just locally. In recent years, organizations worldwide have been turning to Indian IT outsourcing firms for
their tech needs.
Though India is known for its cost advantage and the largest pool of IT talent, it still suffers from post-pandemic shocks to
this day.
4.3 million people resigned from their jobs in August 2021 alone, according to the Bureau of Labor Statistics, an increase of
242,000 from the previous month. In September 2021, the number reached 4.4 million.
Current Skill Disruptions In The Labor Market
If you consider outsourcing software development projects to India, you should not focus solely on India’s edge in
software development.
Outsourcing is not without challenges or risks. Therefore, it becomes prudent for a prospective software development
outsourcer to mitigate the risks by identifying the challenges.
Location is no longer a bar: More remote opportunities for IT talent
In the pre-pandemic era, Indian IT talent typically was restricted to various IT hubs in major cities and the March-2020
national lockdown opened new horizons for IT resources. Initial few months went into adjusting to this work-from-home
culture for companies as well as employees, but this became a boom for employees later on as they had access to all IT
companies not only in India but globally who allowed work from home as new normal indefinitely and they start hiring
people from any part of the country. The IT talent leveraged this phenomenon to their advantage. It led to great
resignations and most of this IT talent held at least 3 offers, still exploring a higher offer till the last date of notice in the
current company, leading to doubling and tripling of the IT resource cost in India.
Attrition Rate
The attrition rate in India is not something to overlook. A high attrition rate isn’t new in the outsourcing industry in
India, primarily due to the long working hours, monotonous jobs, low perceived value, and low-efficiency levels.
Attrition rates are pretty high in some IT service providers, reaching 30%. At Tata Consultancy Services (TCS), the
country’s largest IT company, attrition was 11.9%, up from 8.6% in the April-June quarter.
2. Infosys, headquartered in Bengaluru, voluntarily attrition on the last twelve months trailing (LTM) basis was at 20.1% in
the September quarter, compared to 13.9% in the preceding quarter.
This may cause some drawbacks in software development at TCS and Infosys and most likely every company that faces
similar challenges.
Yet, despite all of the above about outsourcing’s attrition rate, the benefits outweigh the slight downsides. For instance,
India’s skilled labor pool will make it easier to replace staff.
Additionally, maintaining your outsourced workers is still very possible. To properly address such arising hurdles in
outsourcing havens like India require a sound management system.
Cultural Differences
Perhaps the most challenging aspect of adapting to the Indian work culture is its distinct nature compared to Western
cultures.
Cultural differences can hamper communication. Although English speakers worldwide use the same language, there are
vast differences in pronunciation, vocabulary, etc.
Hence, researching and visiting India’s destination country must be done before outsourcing. When outsourcing your
software development project, you should be mindful of the city.
Outsourcing your software development project requires you to know who you are hiring. It starts with choosing the right
offshore team.
Outsourcing Software Development To India
Remains A Great Choice. Here’s Why
Many of the top software development outsourcing companies are based in India. This communicates the
extent to which India still thrives amidst the ongoing skill market disruptions.
There are many reasons why businesses prefer India besides the cost advantages they receive by outsourcing software
development to India.
Riding the wave of technological advancements is certainly possible through collaborating with Indian tech experts.
The reasons to outsource software development to India are several. Below are some factors accounting for
why India is preferred over other countries.
Cost-effectiveness
Let’s quickly get this out of the way, as this is one of the most common reasons for outsourcing software development to
India. Your organization will reap better profits if it outsources peculiar aspects of its business. Despite the great
resignation syndrome and exponential increase in salaries, the IT talent in India is still relatively much cheaper than in
other parts of the world, including other top outsourcing nations.
The costs associated with developing in-house applications include hiring procedures, licensing fees, software architecture
consulting, training, and development are considerably high. However, outsourcing software development to India can
eliminate certain costs.
The Indian IT industry boasts expertise and advanced infrastructure. Also, India’s low average salary lets you take
advantage of this expertise at a cost-effective rate.
India provides you with access to highly talented software developers at a low cost. The cost of outsourcing is simpler to
control as well. Additionally, since offshore providers already have an established infrastructure, the startup costs are
drastically reduced.
An IT service manager in India, for example, can expect to receive 1,500 USD per month on average. If you were to hire the
same manager in China, it could cost you 3,400 USD per month and 5,000 USD per month in Canada.
An Incredibly Large Talent Pool
In terms of outsourcing destinations in India, it has the highest concentration of diverse, employable talents, including
people with skills in cloud, analytics, social media, and mobility. Having such an ideal variety of talent makes India a
perfect outsourcing destination.
3. An IT service manager in India, for example, can expect to receive 1,500 USD per month on average. If you were to hire the
same manager in China, it could cost you 3,400 USD per month and 5,000 USD per month in Canada.
An Incredibly Large Talent Pool
In terms of outsourcing destinations in India, it has the highest concentration of diverse, employable talents, including
people with skills in cloud, analytics, social media, and mobility. Having such an ideal variety of talent makes India a
perfect outsourcing destination.
According to analysts, the rise in attrition rates can be attributed to buoyant job markets for techies with specialized skills
and a shift in employee perspective and work dynamics.
Access To The Latest Technologies
Developing countries offer cheap labor, so many companies outsource to them. In the meantime, these countries face a
challenge when they don’t have the technology to facilitate their work or task.
An instance of this is when geographical limitations prevent them from finding the right experts. A new product,
application, or software requires many new-age technologies.
Over 3.1 million young people graduate from top IT colleges each year in India, so there’s no shortage of technology
enthusiasts. Experts are available in almost every technology and development framework to create an innovative
product.
Whether it’s blockchain, AI, VR, data science, or machine learning, the latest technology always impresses.
The English Language Advantage
You would be in for a nightmare if you outsourced to a country that didn’t understand English, the most commonly used
language. A large proportion of India’s population speaks and understands English, which is a great advantage.
English has become so common in India that it is debatable whether it is the first or second language. However, the fact
remains that English is the first language for many people in India, especially those from the southern regions of the
country. With 100 million English-speaking citizens, India ranks second after the United States.
For almost two centuries, India has had a deep connection to the English as a former British colony. India has developed
the English language to the point where they read, speak, and understand it, at least and the English-speaking world.
Understanding the English language improves communication between the outsourcers and Indian software development
teams, ensuring a smooth workflow.
A Higher Level Of Quality
Outsourcing may improve the quality of the software product. In software development, a hasty decision can lead to
mistakes. An internal team may not wholly dedicate themselves to a new project, affecting the quality of the product. In
this case, they will not handle the development or testing appropriately.
In India, the partner maintains a dedicated team that manages both development and testing much more effectively, thus
enabling the creation of a product of superb quality.
A critical factor in reducing costs is hiring more team members than outsourcing the organization internally. You can
improve workflows and accomplish related tasks more effectively with the right resources.
Bottom Line
If you have read this far, there is no denying India is a haven for businesses looking for software development services. You
can derive several immediate and long-term benefits after outsourcing software development to India, including lower
costs, flexibility, and greater productivity.
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