IT Outsourcing News
From Reliable Sources

IT outsourcing news is an essential part of the reading materials of a CEO, CFO, CIO, CTO or Director of IT, whether the economic times are good or bad, but especially when they're uncertain.

There are a few reliable sources with the latest news and trends about IT outsourcing. The basics stay pretty much the same, but you can always find new ideas, say, for doing an IT outsourcing business plan.

If you're interested in change management or business continuity for example, you're sure to find something new on these topics at the following websites dealing with outsourcing news.

Sourcingmag.com

For the latest IT outsourcing news, Sourcingmag.com is pretty hard to beat. Here are examples from some recent reports.

• As quoted in Sourcingmag.com/news 40% of IT Directors plan to increase their use of outsourcing in the coming 18 months as compared to 22% who are contemplating any cutbacks in outsourcing. Many firms are focusing on efficiency and cutting costs and strongly believe this can be achieved through IT outsourcing.
• In the Financial Services industry, 48% are planning to increase their spending in this area because maintaining "service delivery" is extremely important to them.
• Managed IT outsourcing deals continue to rise. In 2008, the total contract value was $17 billion, up from $12 billion in 2007. The trend for 2009 indicated this will continue.
  • The biggest benefit of managed it outsourcing enables companies to free up capital and human resources so they can focus on their core competencies.
  • The other big benefit is companies seem to be getting a 30% savings on over all IT expenses while giving them access to world-class technology and streamlining business practices.

ComputerWeekly.com

ComputerWeekly.com is another reliable source of IT outsourcing news. Here are some recent examples.

• Forrester Research predicts the trend will continue to be a stream of large it project outsourcing deals despite the global recession. For a company who has never outsourced before, they can generate a 20-30% savings over a standard 5 year contract.
  • Providing the contract is properly executed and staffed.
  • Takes into account the challenges of managing change (an important issue covered later in our website).
  • Properly managing the transition of assets and third party contracts.

InformationWeek.com

If you're considering outsourcing to India there are some interesting IT outsourcing news reports by InformationWeek that may be of interest to you. Without going into the details, here are some highlights:

• With the demand for US businesses to cut costs, Tata Consultancy Services became the first Indian service provider to book $1 billion in revenue in a single financial quarter.
• Another Indian service provider Infosys also posted big gains; however, the company warned that the downside other Indian companies are facing is rising labor costs as more companies compete for their young technical experts.

NetworkWorld.com

If your primary interest in IT outsourcing news is network related, visit this NetworkWorld.com website as it has a number of interesting articles such as:

• Outsourcing as a growth tool.
• Deployment options put (Call Center functionality) within reach.
• Security is important, should it be outsourced?
• How to win at offshore outsourcing, start slow and deliberate.

If you have any questions at all about IT project outsourcing, please don't hesitate to Contact Us.

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