Argentina: Outsource great quality software for an even better price
High quality for a low cost is a paradox that exists in business and has done so for a long time. This idea rings true in the society we find ourselves a part of in 2021, yet the answer is not as elusive as it once was. However, within this area of demand there is certainly a high level of competition, as each alternative vies against the others to present its own case on the global stage. One such option is outsourcing, which is the notion of your business using external manufacturing or workforce facilities overseas that operate at a lower running cost than you would find in the country of your corporation’s headquarters, saving you money and widening profit margins. Latin America is becoming a hub for outsourcing in the globalising world as tariffs and political ties have begun to inhibit the success of traditional hotspots and are leaving gaps for new opportunities to appear elsewhere.
You may wonder why we are focusing today on Latin America. The answer is actually quite simple, technology. One of the most rapidly developing sectors is software, and innovation is rife within the region. Highly talented individuals and teams operating within developing nations coming to the forefront of the industry creates an environment in which foreign businesses are able to thrive, growing their operations while making use of some of the best workers in the software sector. If we are to look even deeper, we come across Argentina, a nation full of promise for software outsourcing, which should come as no surprise given the advancement seen in the technology industry from e-commerce to blockchain.
Argentina has a population of almost 45 million people, and by 2025 the number of internet users is expected to reach 35.2 million, topping 78%, a 7% increase from 2019 alone, demonstrating the rapidly developing connectivity in the region and making the prospect for digital growth a really intriguing trend to keep an eye on. Couple this idea with the plethora of other advantages and Argentina really becomes a top choice for foreign business, and today we will hopefully find out if it could be the best next move for your own corporation.
Time zone and communication
The first factor that separates Argentina from other countries in the region and the world as a whole is the extremely high level of English proficiency, meaning companies operating in Europe and the United States are able to communicate efficiently and clearly the desired operations and business functions required from the outsourced workforce in Argentina. A specific statistic that may help reinforce this point is that 60% of workers in Argentina who operate within the IT sphere work for US-based companies, demonstrating the extent of the potential existing within Argentina for outsourcing of software.
It is also important to look at the time difference between these regions in conjunction with this, where, for example, New York is only 1 hour ahead of Argentina and either 3 or four hours behind London depending on the time of year. This makes the Latin American country extremely attractive for foreign business as any issues or requests can be made without delay and maintain the level of productivity that would be found if all of the workers were based in the same office space.