Report written by Miguel Sepulveda.
Calculating exactly how much it will cost to localize your digital content can be complicated and complex, as there’s no quick and dirty formula for estimating localization costs with any degree of precision. Quite to the contrary, creating an accurate localization budget requires an in-depth, detailed analysis of the materials to be localized, since there are so many factors that can affect the cost of localization that must be taken into account.
A business forecast can be a vital tool for localization budget planning and value creation, guiding actions by providing inputs needed to execute operational initiatives.
Not all forecasts are built alike. However, we find that a great forecast has seven distinct attributes. In this article, we explain what factors should be taken into account when forecasting localization needs and creating your localization budget.
How will you show the value of your work to executives or clients if all the innovation you have to offer for your localization program is related to cutting costs?
At Nimdzi, we have a team of professional experts that will help you identify the different areas and variables that you need to consider to ensure that you are on the right path to enable international growth. Shall we talk?
This report is the first in an ongoing Business Confidence Study series that Nimdzi is kicking off to keep a pulse on the industry.
Digital marketing agency Dataduck specializes in advertising campaigns for a unique range of products. Their clients are primarily from fintech, so stock trading and cryptocurrency are services and products these folks know all about.
Now that markets are down, some have been looking at web3 projects with incredulity, believing it was all just hype and that there’s no need to care about any of it anymore. That would be very wrong. Yes, we are indeed experiencing a crypto winter, and myriad projects promoting blockchain, crypto, or NFTs are long gone.
It is a given nowadays that when organizations expand internationally or consolidate their existing global presence, they need to invest in localization. This does not simply mean linguistic resources but also technological investments that contribute to translation productivity among other efficiencies.