JustSolve – Hidden Costs of Low-Cost Software Development: What IT Leaders Need to Know
In the current global economic climate and another recession looming, leaders are under pressure to reduce costs while dealing with increased technical complexity, and a scarcity of skills.
In the pursuit of reducing software development costs, IT leaders often turn to offshore vendors, attracted by the promise of lower hourly rates. However, the real challenge lies in balancing cost with quality—a task that requires careful consideration of more than just the price tag.
While offshoring can offer significant savings, it also introduces risks that can undermine the very goals it aims to achieve, ultimately resulting in project failure or significant overruns in time and budget.
Understanding the Risks
Many offshore vendors maintain low prices by employing entry-level developers with limited skills and experience.
While this strategy keeps costs down, it often leads to a range of quality issues:
- Bugs
- Longer delivery times
- Technical debt
- Performance issues
- Security vulnerabilities
The lack of specialisation among these vendors means that companies receive the same basic skill set, regardless of the project’s complexity or the intricacies of their technology stack.
While the lowest price can be tempting in the short term, hidden risks can negatively impact business and cost much more in the long run.
Cost-effective quality software delivery is the goal, and it is crucial that IT leaders consider more than the rate card when looking for ways to reduce costs and understand the Total Cost of Engagement (TCE).
Why Choose JustSolve:
JustSolve focuses on quality software development with a faster time-to-market, better user experiences, and higher productivity, all of which lower the Total Cost of Engagement (TCE).
As a leading software development company with extensive experience in accelerated software development, JustSolve can ensure high-quality outcomes while ensuring a 20% saving compared to other outsourcing models, regardless of the technologies used.
JustSolve empowers businesses through digital innovation and offers the following products, which include:
- Hyperautomation
- Innovation and Design
- Product Development
- Data Analytics and AI
- Automation (OutSystems, Mendix, DataRobot, Microsoft)
- Talent Solutions
- Staff Augmentation
- Talent Management
- Training
JustSolve will guide and advise you on how to accelerate your software development success.
Book a risk-free consultation with JustSolve to transform complex digital challenges into strategic advantages.
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