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Outsourcing of IT has gone through a fill transformation in the last twenty years due to technology, business and global influence.  As firms seek to drive down their costs, and as the very notion of offshore development becomes imbued with new shades of meaning, several dynamic forces are redefining the geography of offshore development and application development. This article explores these trends, which are remote work, development within artificial intelligence and automation, changes in regulation, and upswing in cybersecurity, besides presenting future scenarios of the industry. Key Trends in Offshore Development 1. Remote Work Revolution The COVID-19 led to immunization of the working force and corporations on remote working and the new norm came to be.  This means that offshore development teams are now more dispersed than ever, and that businesses are offered access to talents, which may be restricted by location.  A Forbes report reveals that the number of firm...

This article undertakes an analysis of successful strategies that can be implemented in current operational environments to achieve competitive advantage and lower costs.  Although, one method that has become popular in the past few years is hiring offshore developers, sourcing global talent and moving to remote work are gateways to the company's new growth opportunities. However, the choice to engage offshore engineers or establish a dedicated remote development team necessitates a rigorous cost-benefit analysis.  Here, we examine the major points one can focus on when analyzing the advantages and disadvantages of this approach. The elements influencing the cost of hiring offshore developers When it comes to hiring offshore developers or establishing a dedicated remote dev team, several pricing factors may arise.  Here are the pricing factors that can make your business decisions easy: Compensation and benefits : Offshore developers typically expect lower wages than deve...