IT is one of the fastest growing sectors of the Russian economy with 25 per cent annual growth and the Ministry of Information Technologies and Communications claims the country's offshore outsourcing market will be worth $2bn by 2007.
But the worldwide study of 400 IT directors by analyst Datamonitor found those banking firms which have already used offshore outsourcing are planning to increase the scope of it and extend it to more complex and core financial services processes.
Egypt is making a pitch to be the next offshore outsourcing hot-spot, claiming that its foreign language skills and low labour costs put the country in a strong position to compete with India and eastern Europe.
More IT jobs are available in the US today than at the height of the dot-com boom despite the impact of offshore outsourcing, according to a new study. The wide-ranging research by US IT industry body the Association for Computing Machinery (ACM...
Automation of tasks has had more impact on IT job losses than offshore outsourcing to low-cost locations such as India, according to a study be the Organisation for Economic Co-operation and Development (OECD).
Demand for offshore outsourcing services among UK and European companies is set to increase by 50 per cent per year over the next two years, according to Gartner. Globally the analyst predicts the number of organisations doing offshore outsourcing...