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We are in the midst of global economic downturn.Since businesses are cutting costs and no. of employees what impact do you think it’s going to have on outsourcing industry (specifically marketing and procurement outsourcing)?

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IT services suppliers will continue to build out their low-cost sourcing networks across multiple regions in 2009 in order to improve their cost base amid challenging market conditions.

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The global sub prime crisis will force financial institution to offshore more work to cut cost.

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Firms should look beyond cutting costs to get the best out of IT outsourcing, according to an expert.

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Given the current global financial crisis, we are already seeing companies cut down on IT spending. Most industry observers believe we will see another round of IT cost-cutting in the first quarter of 2009.

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Many organizations that choosing to move IT projects to lower-cost destinations are daunted by the task of determining which destination would best feet to host their operations.

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The worldwide market downturn will impact the growth and margins of IT companies for the first two-three quarters of 2009 before picking up and ending the year on a stronger note as clients seek to cut costs and generate more revenues.

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http://www.vsubhash.com/writeups/santa_outsources2india.asp

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Hedge Funds’ IT spending will drop by 20.5 percent touching a low of USD 1.35 billion by the end of 2009, says a recent Celent report.

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New edition of Programming League started on the 5th January 2009. It is an opportunity to verify algorithmical skills of the best programmers at Silesian University of Technology.

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