In yet another shake-out of the Melbourne banking scene, Australia and New Zealand Banking Group today confirmed it would send around 500 information technology and back office jobs to India by year's end.
The practice of outsourcing will undergo a dramatic transformation over the next ten years, according to Gartner analyst Rolf Jester, who adds that offshore outsourcing will just be one of many adjustments.
IT outsourcing in Australia is set to crack AU$11 billion in 2008, according to Gartner, but Australia's dwindling IT baby boomer generation will cause problems
A conference instructing companies on moving technology work and other jobs overseas drew picketers, in one of the first demonstrations protesting the practice to hit the San Francisco Bay Area.
The Australian Tax Office says it will open its IT outsourcing contracts worth over AU$1 billion to multiple suppliers, ending its 10 year single-supplier arrangement with EDS.
The level of outrage over the outsourcing of software development to India is disproportionate to the effect it is having on the local industry, according to analysis group Gartner.
With IT outsourcing and offshoring on the rise, technology professionals in Australia have been forced to upgrade their skills and turn to industry certification to stay ahead. But are they on the right path?
Sending software development work to lower-cost locations overseas is vital for profits, software company leaders and industry advisers said on Monday.
Offshoring won't cure a company's ills, but used in the right circumstances and with management paying careful attention to the progress, then the risk of failure is relatively low.
The U.S. technology industry's demand for offshore services is apparently beginning to drive up pay rates in India, raising questions about the long-term benefits of outsourcing work to that country.
The Indian outsourcing boom is slowing, with an influx of cut-price competition shrinking margins, lowering bottom lines and raising concerns about an apparently inevitable shakeout, says one research firm.
As demand for Indian IT services grows, finding talent will become increasingly difficult, according to a Tata Consultancy Services executive.
The truth about outsourcing's effect on the American economy is not politically acceptable.
Indian outsourcer Tata Consultancy Services (TCS) has named 14-year-company veteran R Ravishankar as country manager for Australia and New Zealand.
Outsourcing will continue to be the catalyst for growth in the IT sector as it's popularity continues with companies of all sizes, said US research analysis firm Gartner.
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