According to a 2019 survey by the USPTO, the total GDP from IP-intensive industries amounted to $7.8 trillion. Additionally, in Europe, these industries account for a significant 47% of the total economic output This shows that intellectual property rights (IP) play an extremely important role in the global economy. Especially in the field of software…

According to research conducted by the Blekinge Institute of Technology, the project kick-off meeting is a crucial step in the process of integrating a new software outsourcing partner. This meeting serves to clearly define the project’s objectives, roles, and limitations, ensuring that all involved parties are on the same page. By establishing this alignment early…

Capacity assessment for software developers involves strategically evaluating the team’s ability to adapt to changing technology and customer demands. It goes beyond ensuring there are enough skilled team members in the right places at the right times. This process considers various factors to work effectively. There are many other factors that need to be considered…

In today’s digital landscape, selecting and integrating an appropriate software outsourcing vendor is a critical decision that significantly impacts project outcomes. As per Deloitte, 88% of employers recognize the profound influence of a well-executed onboarding process on employee engagement. Likewise, the onboarding of a professional software outsourcing partner is pivotal in establishing a sustainable and…

In response to the challenges posed by COVID-19, many financial institutions have expedited their technological upgrades to better serve customers during the pandemic. According to Strategyand‘s 2021 survey, the most promising areas for outsourcing in the financial industry include credit cards, payment processing, and consumer loan processing. The willingness of banks to utilize outsourcing services…

After assessing your software development project, the next crucial step is to find a suitable partner for software outsourcing. In the expansive technology market, various IT outsourcing models and options are available. Drawing from extensive experience conversing with clients about their decisions regarding our services, we would like to outline key criteria to assist you…

As you embark on a new software development venture, it’s crucial to establish a comprehensive Business Requirement Document (BRD) to facilitate seamless collaboration with your development team or outsourcing partner. A well-crafted BRD serves as a roadmap, ensuring clarity and alignment on project objectives, scope, timelines, and budget among all stakeholders. Here are nine strategies…

Software development can pose significant challenges for organizations. Despite aiming for timely completion and staying within budget, real-world outcomes often fall short. Studies reveal that, on average, IT projects exceed their budgets by up to 45% and deliver only 56% of the expected value. These statistics underscore the complexity of software development. However, they shouldn’t…