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From time immemorial, Outsourcing has proved to be a successful way for many global tech giants. 10 to 15 years ago, IT outsourcing was one of the best ways to churn out extra costs savings for a company. This could be achieved by contracting jobs & software projects to low income countries and is still followed, although nowadays for different reasons. Back than the competition was also less, and companies enjoyed the freedom to hire employees from offshore countries for getting their job done at a low cost.

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As technology today is evolving faster than anything else, it is not always feasible for all organizations to keep pace with it or adopt it. As the technology progresses it also becomes vulnerable to risks associated with breach of confidential data. Cybersecurity today has become the earnest concern for businesses.

Recently, the increase in frequency of data hacking and breach has forced the technology governing bodies in various countries to take some serious measures on curbing cyber threats.

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Outsourcing is the most popular and globally accepted option for software companies and many other sector companies today to get development done. It is certainly due to its benefits that organizations are outsourcing software development to offshore/nearshore or sometimes onshore locations.

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Recently it Outsourcing created a lot of buzz after Intel decided to consolidate their outsourcing to a single contractor only i.e. Infosys India. According to reports, several Tech giants have had job cuts or layoffs due to shifting of job roles towards the Cloud, automation by Artificial Intelligence, tool based analytics etc.

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Software development and modern IT technology are two processes that go together. One is the cause for the changes in later. Indeed technology is changing so fast that it is difficult to say what will be the next upgrade for existing ones. Every company whether small, mid-sized or multi-national- (MNC) want to leverage benefit from technology to stay ahead of others and remain competitive in increasingly volatile markets.

This growing demand of leveraging technology by companies creates scope for customized solutions for them by building on various technologies like Artificial intelligence, Machine Learning, Automation, Analytics etc.

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