In house vs. Outsourcing: Which is better for you?
Are You Running a Business?
When you are running your business, one of the challenges that you may face is determining whether you should do all the work in-house or you should opt for software development outsourcing. In house vs. outsourcing, which is the best way out? Well, you have to understand what is in for you before you choose one of the two options.
Let us first define the two and see their differences:
Insourcing involves assigning a project or a business process to a department within your company or organization instead of hiring an external company to do the project for you.
Outsourcing, on the other hand, involves hiring an external team to handle your business’ project.
Well, it is really hard to determine which of the two is better than the other because there are various factors to consider. In this regard, we will highlight some of the top factors to consider before you make up your mind.
Factors to consider:
You should consider the following factors as they will guide you to find the better option between the two:
If you are looking at cost as the main factor of consideration, then insourcing shouldn’t be your option as it is more expensive than outsourcing.
It is expensive to have a department of your company set up a new business operation whilst an external team can simply do it using their already-established structures.
- Data protection
Your data is more secure if you opt for an in-house team to handle your new business project. On the other hand, outsourcing could pose a threat to your private data if the information you are handling is too sensitive.
When it comes to the latest technology, IT outsourcing would be much better because the team you are hiring must be having the latest technology in that field; unlike insourcing where you have to invest in the technology, which might be expensive or simply unrealistic to acquire.
- Professionalism and experience
Outsourcing companies have more competent and experienced professionals who you can rely on to deliver a service. If you opt for in house instead of outsourcing, you may not enjoy the benefit of professionalism and experience from a team that has done similar projects over and over.
In house vs. outsourcing is always a tough decision to make. However, with the factors mentioned above, you can now evaluate and see which of the two would work better for you. If you are not handling an extremely sensitive project, then outsourcing seems like the ideal option for you.
If you have any queries or need more information about insourcing vs. outsourcing, kindly contact us and we will help you evaluate the type of your project and determine which of the two works best for you.