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Overview: The software industry has sharply declined in the markets over the last three years.
Overview: The software industry has sharply declined in the markets over the last three years. Software development companies departments saw a severe drop in their revenues and corporate IT budgets were reduced drastically. At the same time, the user base grew and the requirements for more software infrastructure and applications increased. These opposite trends forced executives to look for cost effective solutions: build more for less money.
Offshore development used to be viewed as little more than a tactic for reducing the costs of software development. However, things started to change drastically in the early 2000s as companies, pressed by an imminent recession, began outsourcing more strategically significant functions such as software design, architecture, prototyping and of course: code development. Now, offshore development is regarded as a critical management tool essential to improving IT’s ROI. CIOs and CTOs sent clear directives to begin the process of integrating their companies with offshore personnel to be able to scale and compete in today’s industry.
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