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IT outsourcing is using outside vendors to create, maintain, or reengineer IT architectures and systems.
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- The Human Element Of IT Outsourcing
- Strategic Intent for IT Outsourcing
- Outsourcing IT - Is it the Best Option for your Organization?
- Outsource or do the job yourself?
- Offshore IT Outsourcing
- IT Services Outsourcing When You Don't Know Everything
- IT Security Functions aboard the Outsourcing Bandwagon
- IT outsourcing to India saves 60% costs
- IT outsourcing benefits US economy
- IT Outsourcing: Maturity Phase
- Healthcare IT Outsourcing - India Gears up to the Challenge
- Cost Effectiveness of IT Outsourcing
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- IT Outsourcing
- Mobile Application Development
- Quality Assurance Outsourcing
- Software Outsourcing
- Offshore Outsourcing
- Software Outsourcing Benefits
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IT outsourcing benefits US economy
Alternative to common opinion that information technology jobs are reduced and transferred overseas in U.S., the trend of IT outsourcing benefits the US economy: it increases the number of jobs, improves actual wages for US employees, and pushes the US economy to reach the higher level of performance. In general, global outsourcing continues to be a net positive for American employees and American economy on the whole.
Outsourcing and India: Complete Coverage
Reducing the costs related to IT, software products and services, opening more offshore markets for US competition, the worldwide outsourcing sharpens country’s competitive edge at internal and foreign markets. As an outcome: more and more new jobs for Americans, higher salaries and more rapid growth of economy.
According to studies conducted by global research companies, worldwide sourcing of IT services and software created additional 257,042 net new US jobs in 2005, but this number is predicted to grow to 337,625 by 2010. Characterized by low inflation and high output, worldwide outsourcing also increased US hourly rates by $0.06 in 2005. Moreover, US gross domestic product was added $68.7 billion from global outsourcing.
Expenses for global outsourcing of computer software and services will increase at a compound annual rate of 20 per cent, from approximately $15.2 billion in 2005 to $38.2 billion in 2010.
The cost efficiency of IT outsourcing of computer software and services will save total $8.7 billion in 2005 to $20.4 billion in 2010, greater part of these amounts will be reinvested in the US. Global outsourcing added $5.1 billion to US exports in 2005 and is predicted to increase to $9.7 billion by 2010. The advantages of free trade will sky-rocket the US economy.
Utilization of offshore resources generates additional jobs, increases efficiency, and decreases costs. The challenge is to aid the transition of remote employees to other productive activities.
According to the research held, new barriers to worldwide sourcing will negatively affect US manpower and companies. If one ceases all global software outsourcing activities completely, this phenomenon would slow the US economy and reduce the real number of new jobs for American workers.