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Outsourcing Data Analytics
Companies have been collecting huge volume of business data for several years. The growth of Internet accelerated the data collection trends as businesses started offering their services over World Wide Web. Read more
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Outsourcing Journalism
Journalism work has been outsourced to India for several years and the trend will increase in the current economic conditions. The print media is facing difficult time competing with online news, blogs, etc. The advertisement revenue coming to the print media is reduced year over year due to tough competition from web advertisements. For example Craigslist literally killed the classified advertisements revenue for all the major news papers in US. Similarly sites like monster.com, dice.com, Naukri.com stole the market share for job advertisements from the news papers.
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Indian based Small and Mid-sized BPO companies are in trouble
Due to US and global recession Indian based small and mid sized IT and BPO firms will be in trouble soon. Most of these companies are niche players and they have revenue less than 10 cores. For example only 25% of the companies registered with Software Technology Park (STPI), has revenue more than. 100 core rupees. From overall software export, India gets 70% from top 20 companies and the rest comes from small and mid-sized companies. Forrester Research analyst Sudin Apte says the bottom 30% of the Indian IT and BPO companies will consolidate sooner than later to stay in business. He also predicts that these companies will have significant cash-flow issues for the next quarter and they either need to have strategic partnerships with bigger companies or they will go out of business soon due to cash flow issues. Many other analysts agree that it is tough time for small and mid-sized firms in India and they also think that there is significant interest from other big companies and investors for mergers and acquisitions.
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Indian BPO companies increase hiring in global financial gloom
Indian IT companies reduced their hiring phase due to international financial crisis, but the pure Indian BPO Companies are planning to increase their hiring, hoping that they will get more business from US and other western companies.
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High Rate of H-1B Visa Fraud
Business week published an article about a report from US Citizenship and Immigration Services that finds more than 13% of H-1B visa petitions are fraudulent. Following are some of the violations specified:
Companies specify locations for the visa worker but they never worked on those locations specified in the visa application.
H-1B workers were paid the below the minimum wage for the qualifications specified in the visa application.
Job description specified in the visa application does not match with the job duties of the visa applicant
To read the entire article visit
To read the entire report visit
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Australia based Telstra outsource jobs to Philippines
Australia based Telstra signed outsource agreement with US based TeleTech to outsource several (probably in thousands) call-center jobs. TeleTech has global operations in several countries and it is planning to send those jobs to Philippines. Telstra is planning to cut 12,000 jobs and it already cut 9500 jobs. The company expects cut more jobs in the near future.
Fore more info visit
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UK based HBOS planning to send 2000 IT Jobs to India
HBOS, UK based bank is planning to send 2000 IT jobs to India UK’s The Daily Mirror reported. Recently HBOS executives visited Bangalore, India to find potential outsource partners. HBOS is being bought by Lloyds TSB and it is waiting for the merger.
The company issued following statement “It has been exploring for some time whether to extend use of overseas contracts in the area of software development and applications. But the bank says “no decisions have been taken” and any extension of offshoring will only occur after consultation with unions. Our work in this area is completely unconnected to the proposed acquisition by Lloyds TSB”.
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TCS Wins Technology Innovation Award From WSJ For mKrishi
Indian based TCS said it has won the US publication Wall Street Journal’s global innovation technology award in the wireless technology category for 2008. Wall Street Journal has selected the company’s ‘mKrishi’ service, which offers mobile-based crop advisory service, as the winner of the award, a company release said. The award recognizes companies, individuals and organizations across the world for technological breakthroughs in areas such as medicine, software, internet, wireless and consumer electronics. TCS’ mobile-based crop advisory service, mKrishi, is a novel approach to help rural farmers across the country to have better access to information through a cell phone application. It has been developed to provide personalized information and expert advice to rural farmers in their local language using sensor technology.
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Changing landscape of IT Consulting
Everest Group and Bernstein published a research report that discusses fundamental shift in IT consulting due to current economic conditions, globalization, and offshoring. According to this report, companies are looking for specialized vertical domain expertise in their projects; they also need skills in new technologies, business process reengineering, complex ERP implementation, etc. For the research report these two companies interviewed 15 IT consulting companies including Accenture, Atos Origin, CSC, Cognizant, EDS, Perot Systems, Genpact, HCL, Infotech, Patni, Sapient, Satyam, Softtek, Tata, and Wipro.
For more info about this report visit
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Indian IT companies see opportunities amid global financial crisis
India’s IT and BPO industry generates around $40 billion annually, though the current financial crisis will slow down their growth targets, they hope to see more opportunities in the long run as the western companies want to cut cost by sending work to India. Indian outsource body Nasscom predicts that there might be slow growth for a period of one year for the Indian IT companies. Already the Indian IT companies are slowing their hiring and expansion plans due to credit crunch in the global market and Nasscom reduced the outsource market growth target for the next year.
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