Offshore in industry refers to activities at sea, involving expensive production processes and job relocation practices like offshoring in the software industry.
Offshore in industry refers to activities conducted at sea rather than on land. For example, offshore oil drilling involves extracting oil and gas from beneath the ocean floor using specialized rigs and equipment.
Offshore production is known to be more expensive than land-based production due to the challenges associated with operating in marine environments, such as the need to prevent pollution, spills, and withstand natural disasters like hurricanes.
Offshoring, on the other hand, involves sending jobs from one country to another usually to reduce costs, with a common practice in the software industry being outsourcing project work to countries like India, Singapore, Russia, and China.
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