Offshore Outsourcing Growth
ZDNet reports research firm Gartner published a study Monday saying "offshore outsourcing isn't as widespread as people think," with lower-cost locales accounting for less than 3 percent of money spent on global information technology services this year.
Outsourcing Growth Predicted at 5.9%
ComputerWeekly.com reports outsourcing growth is predicted at 5.9% a year. "IT job exports are forecast to increase by a compound annual growth rate of 5.9% between 2002 and the end of 2004, said Frost and Sullivan. The analyst firm looked at the global outsourcing of IT jobs across 14 countries.
International Herald Tribune reports a new report commissioned by a bipartisan congressional commission said 406,000 U.S. jobs would migrate overseas this year, double the conventional wisdom. This trend is expected to continue for several years.
Managing Outsourcing Contracts
Computerworld reports many companies do not review multiyear outsourcing service contracts until they are completed. It is important to regularly review contracts to be sure they are still relevant to your changing business strategies.
10 Facts you should know about outsourcing
News.com reports on the 10 facts you should know about outsourcing. This is a good summary about the issues related to offshore outsourcing and provides some interesting facts and figures.
Offshore IT Outsourcing Growing 20 Percent
InformationWeek reports the worldwide market for offshore IT services will grow to $17 billion in 2008 from $7 billion in 2003, achieving a compound annual growth rate of 20%, according to a study released Monday by market researcher IDC.