Articles | April 23, 2020
Software Development Services at the Halfway Point of 2020
Various new technologies are already enhancing software development services. And while that goes on, the new coronavirus pandemic is proving to be a great impediment to company operations, at least, up to this moment in 2020.
We are almost at the halfway point of 2020. Towards the end of last year, various technology trends were forecasted to impact business, including services in software development. Some of these tech trends are hyper-automation, multi-experience, democratization, human augmentation, edge computing, and distributed cloud.
Up until this point in 2020, as a CEO, CTO, project manager, or tech leader, you’ve probably realized first-hand how the technologies, as mentioned above, have impacted the software development process in your company.
The Impact of the Coronavirus on Software Development Services
As businesses continue to adopt various technology trends in 2020, a new issue, the coronavirus is changing operational dynamics in ways that have never been imagined. Among others, this pandemic has impacted software development services in the following ways:
- Raised interests on custom software development: For vendors to avoid the possibility of an economic fallout amid the coronavirus pandemic, there is a need to increase interest rates on custom software development.
- Software for remote collaboration: IT outsourcing service providers and hiring businesses have been forced to embrace various solutions to ensure remote cooperation, especially in light of the curfews, quarantines, and lockdowns enforced by governments. Some useful tools in this regard include Slack, Skype, Zoom, Trello, Asana, and InVision.
- Cloud solutions: In light of the coronavirus, businesses are turning to cloud solutions to reap the benefits of on-demand resources such as storage and computing power.
- Machine learning-based solutions: Software development services providers are embracing machine learning and automation. This way, they can accommodate existing workflows, foster scalability, and make future operational predictions in light of this pandemic.
Key Benefits of Software Development Outsourcing
Outsourcing providers have, in recent years, created a wide range of IT services, going on to show why they beat in-house teams. Often, it’s cheaper, faster, and easier to outsource software development. Here are some concrete benefits of outsourcing software development, especially in this COVID-19 outbreak that you probably should consider:
- Software development companies keep pace with the latest trends in tech. To stay competitive, software outsourcing providers keep updating themselves on the newest trends, innovations, and techs.
- Software outsourcing companies bring years of experience to the table. Software development vendors come with ample experience, which means they don’t require training as new in-house recruits would.
- Outsourcing vendors have ready remote employees and teams who make their best to complete the project within your timeline.
- Custom development companies possess in-demand competencies and skills of DevOps specialists, machine learning engineers, Big Data developers, Cloud engineers, cybersecurity engineers, etc.
- Outsourcing software adds value to a company by increasing productivity, lowering staffing costs, and giving you time to concentrate on core business areas.
Software Market Going Forward in Light of COVID-19
Undoubtedly, many companies are considering shelving software development investments as part of cost-saving in this time of economic recession. But B2B software investment is set to continue happening even with the outbreak as the demand for remote collaboration, security, CRM systems, and cloud storage solutions grows.
The effects of COVID-19 can be felt in every industry. In software development, there has been increased interest in particular services, with many businesses spending more on software solutions to adapt to the changing environment. Outsourcing these software needs stands as one of the most viable solutions to dealing with current challenges in the business environment.
Read also: The best practices in IT nearshoring