It is always good to learn from the mistakes and rise from the failures, isn’t it?
So here is a relevant story of the Royal Bank of Scotland, to which you might connect well. The bank’s software observed a massive fiasco in June ’12. The IT company (name undisclosed) responsible for this failure had no thoughts about such failure or had any backup plans. The problem faced by the bank was, its software failed to update, leaving almost millions of users without their account access for money withdrawal. Failure heights: The bank itself failed in carrying out any commercial or non-commercial transactions for their customers. The customers of British bank NatWest and Ireland’s Ulster Bank were also affected by this system failure. There are many stories where an outsourced IT company failed in delivering the best of them. But, that doesn’t mean every outsourcing company will fail. If you be cautious enough in choosing your development partner, you would definitely end up in a better place.
Today, almost 71% of startups and big giants hire remote developers (outsource) for their web development tasks. To our surprise, 81% of them are constantly worried about the mismanagement of their data while they outsource their projects. Well, they should be! With such examples/stories of failures in handling the projects, anyone would constantly be bugged with such worrying thoughts.
But here is a twist. You can sit and relax while the remote developers are doing the job for you, only if you follow the steps mentioned in this blog. In this blog, we have highlighted things that you should know about before you hire your development partner and the mistakes you should avoid while hiring.
First, let’s understand why you should hire a remote web development company for your project?
Outsourcing your project development task allows you to meet your project expansion goals while the other project development task is handled seamlessly. Outsourcing has become a service in itself, with almost 300,000 jobs outsourced out of the US every year.
The market value was around US$92.5 billion in the year 2019. The two primary reasons why businesses, be it small or medium-sized businesses, outsource their projects are:
In order to increase their business efficiency by hiring the right experts and talents;
To gain a competitive advantage at a cost-effective price;
Few other reasons why businesses should outsource their development tasks are:
You can dedicate more time for performing core business tasks;
You can utilize in-house teams more effectively.
It saves a lot of your time spent behind hiring and recruiting a development team;
You get access to the ready-made teams consisting of skilled and experienced developers;
The project gets completed faster and enables you to achieve your project timelines.