Technology is advancing at an ever-increasing rate. Software which was once impeccable is being replaced by new technologies. In the competitive world, keeping pace with technology is a herculean task. While for corporate giants to start on a new technology is a cake walk, startups are limited in their capabilities. Startups or small firms due to the paucity of time, cash and resources experience a setback. In the case, two options arise for them:
- Hire new team, grow in number, adding to the expenses. The scenario worsens with increased complexity.
- Outsource to a reliable, trustworthy firm and leave work to experts.
Development in software, electronics etc is expanding in intricacy and design. It takes no less than experts to get ahead in the race. Many companies escape the complexity and choose to outsource product development.