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Financial meltdown: A positive impact on outsourcing?
Reading Phil Fersht over at "The Outsourcing blog" was like a whiff of rose scented oxygen. Phil presents a radically different view of how the current financial crisis would affect the outsourcing industry.
"Over 55% of financial intuitions expect to increase their expenditure on ITO and BPO services within the next six months."
He goes on to indicate (in order) the following areas of new investment :
"Over 55% of financial intuitions expect to increase their expenditure on ITO and BPO services within the next six months."
He goes on to indicate (in order) the following areas of new investment :
-Applications outsourcing,
-Finance & Accounting BPO,
-IT Infrastructure Outsourcing,
-Banking BPO services,
-IT Staff augmentation projects,
-HR Outsourcing projects.
I am personally skeptical that the market will grow in the short to medium term. But I have never wished harder that I was 'wronger'. :-) More power to Phil and his tribe!
These views are interesting. What do you think?
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