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Why Nearshore Outsourcing is the Smart Choice for Saving Tech Development Costs: A Guide with Facts

21

Jan. 23

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benefit of nearshore outsourcing is the ability to tap into a larger pool of skilled developers. According to a study by the National Association of Software and Services Companies (NASSCOM), Latin America alone has around 2 million software developers. This is in addition to the large pool of developers available in Canada and Brazil.

The study also found that nearshore outsourcing can lead to cost savings of up to 30% compared to onshore development. This is due to the lower labor costs in Canada, Brazil and Latin America.

Another study by the Everest Group found that nearshore outsourcing to Canada, Brazil, and Latin America can lead to improved productivity and performance. This is due to the similar time zones, cultural similarities, and similar business environments.

Additionally, a report by the IT services research firm ISG found that companies that outsource to Canada and Latin America have experienced a 40-50% reduction in time-to-market for their products and services. This is due to the ability to tap into a larger pool of skilled developers and the similar time zones, which allows for faster communication and collaboration.

These studies and report suggest that nearshore outsourcing is a cost-effective and efficient way to save on tech development costs while also accessing a diverse talent pool, similar time zones, cultural affinity, and other benefits. By choosing the right partner, you can ensure that your tech development project is completed on time, within budget, and to a high standard.

As a business owner, you want to make sure your tech development costs are in check. But let’s be real, in-house tech development can be expensive, especially if you’re not a tech pro. And let’s face it, even if you are a tech pro, you can still run out of budget.

But don’t worry, we’ve all been there. And to save you from the embarrassment of having a tech development budget that’s as empty as a ghost town, we’ve compiled a list of reasons why nearshore outsourcing is the secret ingredient to saving tech development costs:

  • “It’s Cheaper”
  • “Access to a Diverse Talent Pool”
  • “Similar Time Zones”
  • “Cultural Affinity”
  • “Similar Business Environment”
  • “Similar Legal System”
  • “Similar Business Ethics”
  • “Similar Language”
  • “Similar Education System”
  • “Proximity”

 

As you can see, there are many different benefits to nearshore outsourcing your tech development work. By outsourcing to a company that has a presence in Canada, Brazil, and Latin America, you can access a diverse talent pool, similar time zones, cultural affinity and much more.

But don’t forget, just like a secret ingredient, nearshore outsourcing should be used strategically. Nearshore outsourcing tech development work to company who has presence in Canada, Brasil and Latin America, is a great way to save costs, but make sure you choose the right partner.

One of the biggest benefits of nearshore outsourcing is the cost savings it can provide. By outsourcing to a company that has a presence in Canada, Brazil, and Latin America, you can access a highly skilled talent pool at a lower cost than hiring in-house developers. This can help you save money on salaries, benefits, and other HR expenses.

Another benefit of nearshore outsourcing is the access to a diverse talent pool. Canada, Brazil, and Latin America are home to a diverse range of professionals with different backgrounds and skill sets. This can help you find the right developer for your specific project, whether it’s a mobile app, a web application, or a software solution.

Similar time zones is another benefit of nearshore outsourcing. By outsourcing to a company that has a presence in Canada, Brazil, and Latin America, you can work with developers who are in the same or similar time zones as you. This can help you communicate and collaborate more effectively, and avoid the challenges that come with working with developers in different time zones.

Cultural affinity is also a great benefit of nearshore outsourcing. Canada, Brazil, and Latin America share many cultural similarities with the United States and Europe, which can help to bridge the cultural gap between the outsourcing team and the client. This can help to improve communication and build stronger relationships.

Additionally, similar business environment, legal system, business ethics and education system can make the process of nearshore outsourcing smoother and more effective.

In conclusion, nearshore outsourcing is a great way to save costs on tech development while also accessing a diverse talent pool, similar time zones, cultural affinity, and other benefits. By choosing the right partner, you can ensure that your tech development project is completed on time, within budget, and to a high standard.

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Lets Nurture
Posted by Lets Nurture

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