Industry news

  • 21 Feb 2017 12:00 AM | Anonymous

    Until recently, the concept of organizational flexibility was one of the hottest topics in the world of organizational management. But it's time to delete it from your vocabulary, because the events of recent years - whether it be the crisis in the Euro zone, the emergence of the sharing economy, Brexit or the US elections - have made the word passé. So what’s the buzzword of today? Well, resilience is the new flexibility. This term means the company's ability to anticipate, prepare, and react and adapt to sudden disruptions. In other words - it is the skill of rolling with the punches, of rapid reorganization and continuation. The origin of such blows in today's business environment can be very different, not just from politics or the economy, but also from technology. Currently, every industry is probably anxiously looking for its own Uber, which will come out of nowhere to destroy the market. So how do you ensure the resilience to roll with such punches?

    Competence on demand

    No matter what the industry, your company is - or will be - forced to cross over to the digital side. All branches of the economy are digitizing at a dizzying pace, because so far it is the best way to prepare for the unpredictable. Data analysis, Big Data, machine learning, it all means the tools that can predict threats before it is too late to react to them. Do not delude yourself that you are not involved. Technology is a powerful weapon - the biggest threat, however, is in the hands of the competition. Not every company is prepared for the digital arms race. This is not always deliberate and effective. It requires having the right people, creating a team, and developing the right business model.

    The process of building an effective team is long and complicated. It is worth taking a moment to answer the following questions:

    - is IT my core business?

    - Do I have sufficient knowledge of how the team should help in the development of my business, and how it should function?

    - Do I have the opportunity to find suitable specialists on the labor market for the right price?

    - Can I afford to wait until my team is complete, established and has the requisite project qualifications?

    If the answer to any of these questions is no, you should probably think about IT outsourcing, which can be vividly illustrated as a service to share competences on demand.

    Competence as a Service

    Outsourcing IT services allows a company to acquire knowledge, experience and skills without having to incur the costs associated with recruiting employees, building a team and training them, and can be done exactly at the point at which it becomes necessary. This means that the organization does not have to invest valuable resources and time in activities that are not the primary goal of its activities, and can therefore focus its efforts on what it knows and specializes in. The IT outsourcing service provider acts as a technological security agency that responds quickly to customer needs. The on-demand services model ensures that, in the case of necessary changes to the structure of the company, changing priorities or backing out of certain projects, this process can be carried out quickly, efficiently and painlessly.

    Outsourcing of IT services means:

    - just-in-time competencies – exactly when they are needed rather than as and when an organization manages to create a team with the proper qualifications; the team does not become a financial burden in the intervals between projects or when the project ends.

    - scalability - meaning the ability to adjust the number of specialists and their work to the needs of the company;

    - diversification – depends on the possibilities of one internal team or specific people, the possibility of acquiring competencies from different sources, suppliers, even different regions and countries, which reduces the exposure of the firm to political and economic risk;

    Team leasing, Talent Leasing and Managed services - find what suits you best

    IT outsourcing service providers offer different models which the client is able to adapt according to specific needs:

    Talent Leasing – If your company lacks specific expertise, you can take the opportunity to hire a specialist who can help you implement a project or solve specific problems. This method can also be used to complement your existing team e.g. in case of a sudden vacancy or difficulties in recruiting specialists. Using this model, you can benefit from the expertise of specialists such as programmers, consultants, business analysts, and testers, as well as Technical Team Leaders and Project Managers.

    Team Leasing – in this model you hire an entire team, consisting of specialists who will be indispensable to your project. The service provider helps you to specify a list of competencies that will be required, based on which technologies must be applied, what form of team management will be used, and to what extent the software will be tested. Such a team can be managed directly by the customer or by Project Managers or Project Owners, who are also outsourced specialists.

    Managed Services – is a comprehensive service of business application management in the IT environment, from the implementation of applications, their development and maintenance, to technological support. In practice, this means that all processes related to IT infrastructure and the use of business applications are supported by the service provider. This service thus relies on outsourcing all business operations to a company which specializes in such projects. Without a doubt, such a model requires an appropriate level of confidence in business relationships between cooperating organizations; however it brings great advantages, particularly relieving the burden on companies in terms of particularly technologically complicated areas of the company’s operations.

    Author: JCommerce

    Article from NearshoreIT - Blog

  • 20 Feb 2017 12:00 AM | Anonymous

    Tax the robots, not the response of the Luddites to the technology of the 19th century but probably a more rational approach to the coming wave of RPA and AI. Bill Gates, founder of Microsoft, suggested this weekend that taxing robots that replace human jobs is a good idea. Terry Walby, CEO of thoughtonomy and expert in Automation said “I suspect it's designed to grab headlines and stimulate debate about the macroeconomic and societal impact of what is being called the fourth industrial revolution - robotics and AI. And it's true that policy makers need to consider the impact on everything from labour markets, to educational needs, to legal liability for the actions of autonomous entities, as the velocity of innovation and rate of adoption increases”. However, he believes “If it's a genuine suggestion, it's plain daft”. Tom Reuner of HfS Research noted that “The European Parliament is debating it, Finland has started a trial on "Universal Basic Income". Yet, our industry is largely on the side-lines. We need a debate on the ethics of AI and the retooling of society”.

    Kerry Hallard, CEO of the Global Sourcing Association (GSA), says “We should focus on reinvention and not taxing innovation. Robotics are a positive to the future and will provide new, different jobs that require new skill sets. The short-term focus must be upon retraining displaced workers as part of constant reinvention. We are expecting the topic to be front and centre at our Symposium in June”.

    The advance of robotics is unlikely to be the only evolution to the way we work over the coming years and decades. Longer working lives and the gig-economy are likely to have just as much of a seismic effect. This editor is cautious, taxing innovation is wrong, great ideas must be rewarded, but robotics could lead to a them and us society, manipulated very easily by politicians bent against globalisation and the business elite. We will need tax revenue to act as a safety net for workers left behind and that must come from somewhere. There is no such thing as a free lunch.

  • 15 Feb 2017 12:00 AM | Anonymous

    Inflation in the UK hit highs not seen since 2014 as the weaker pound made an effect on prices. Consumer Prices Index (CPI) reached 1.8% in December according to the Office of National Statistics (ONS). Input prices, the price for fuel and raw materials paid by manufacturers, rose at an annual rate of 20.5% in January. Click here to read more.

  • 15 Feb 2017 12:00 AM | Anonymous

    Wipro Limited, a global IT, consulting and business process services company, announced it is delivering analytics-based insights for specific industries with the Data Discovery Platform, its newest big data analytics-as-a-service solution. Built with IBM BigInsights and IBM dashDB and developed on Bluemix, IBM's cloud platform, the solution accelerates insight-driven decision making through pre-built applications for specific industries, such as banking and financial services, retail, energy, education and manufacturing. Click here to find out more.

  • 15 Feb 2017 12:00 AM | Anonymous

    The employment rate in the UK is at a record 74.6% – the highest employment rate since records began in 1971. Unemployment rate remains at 4.8% which is the lowest rate for 11 years while wages grew by 2.6%. Secretary of State, Damian Green said “With employment at its highest rate since records began, and unemployment at its lowest in over a decade, we remain in a position of strength. With youth unemployment down, women in work at record levels and number of disabled people in work increasing too, we’re delivering on our pledge to build a country that works for everyone.” Click here to read more.

  • 15 Feb 2017 12:00 AM | Anonymous

    Interesting article on the Entrepreneur about outsourcing to emerging markets. Focusing on the Philippines, Vietnam and Rwanda, the article provides an overview of the potential for business process outsourcing and information technology outsourcing in these economies. It is certainly worth a read.

  • 15 Feb 2017 12:00 AM | Anonymous

    everjobs.lk, the fastest growing online career portal in Sri Lanka, has in a new report said that jobs in the Information Technology (IT) sector led the demand for jobs in Sri Lanka in 2016. Put together in a simple-to-read infographic, everjobs.lk’s new release identifies key trends within the job seekers’ sphere in Sri Lanka and reveals the top industries hiring in 2016. Rushabh Sheth, Managing Director for everjobs Sri Lanka, as follows: “Sri Lanka is ranked 12th in the world by IBM for business process outsourcing and is home to BPO units of companies such as Google, J.P. Morgan or Microsoft. Needless to say, IT and system engineers are some of the most in-demand talent in the job market and we see this trend continuing in the future.” Click here to read more.

  • 13 Feb 2017 12:00 AM | Anonymous

    The Co-operative Bank is putting itself up for sale, following its near collapse in 2013. The bank has around four million customers and focuses on ethical standards which it hopes will attract buyers. Potential buyers include TSB who are still completing a separation with Lloyds. It is worth noting that Western Mortgage Services, part of Capita, will continue to provide mortgage administration services and new mortgage application processing for the bank and its clients. Click here to learn more.

  • 13 Feb 2017 12:00 AM | Anonymous

    Interesting little article in the Economist about H-1B visa programme and how it’s curtailment could affect US industry. The Indian IT industry is struggling thanks to Donald Trump’s mercantilist rhetoric, the pain of this appears unlikely to ease. Click here to find out more.

  • 13 Feb 2017 12:00 AM | Anonymous

    Blackstone Group has agreed to the acquisition of insurance broker Aon’s employee benefits outsourcing business. It is expected that the deal will be worth just under $5 billion and gives Blackstone a business that processes work benefits of 15% of the US population. Aon is likely to use the capital to move into growth areas such as cybersecurity. Click here to find out more.

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