Research and Analysis fundamentally involves innovative ideas which are adopted by a company or the government to provide new and better products and services. It provides an edge to companies against their competitors and gain recognition in the industry. Although Research and Analysis involves high cost and risks.

With the current epidemic prevailing globally, the world economy as a whole is going through a major recession. Consequently, budget constraint has become a major issue today. Therefore, outsourcing software development is the most economical choice for a company. However, before we move further we must gain a better understanding of what outsourcing software development means.

1. Study the feasibility of the idea

In this step we will study, evaluate, and discuss the chances of your business idea becoming successful. It will also include a thorough assessment of the commercial viability and the market.