India’s Next Outsourcing Wave – US Financial Companies ???
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To modernize after its crisis, the U.S. financial industry needs help from IT outsourcers in India more than ever, according to sources in the Indian IT industry.
It’s understandable that many in the U.S. are angry that workers lose jobs to offshore programmers.
To modernize after its crisis, the U.S. financial industry needs help from IT outsourcers in India more than ever, according to sources in the Indian IT industry.
It’s understandable that many in the U.S. are angry that workers lose jobs to offshore programmers.
To modernize after its crisis, the U.S. financial industry needs help from IT outsourcers in India more than ever, according to sources in the Indian IT industry.
It’s understandable that many in the U.S. are angry that workers lose jobs to offshore programmers.
Despite the unpopularity of outsourcing in the wake of the financial meltdown, several of those sources are convinced that “Third Wave” Indian IT players— [br]
those outsourcing specialists that U.S. companies can rely on as strategic partners for high-end work—can help prevent future disasters.
One of these is Sudhakar Ram is chairman and managing director of Mastek, a Mumbai-based IT solutions company, who received CNBC Asia’s India Business Leader Award in 2007 for excellence in leadership.
In this column for Bloomsberg Business Week, Ram makes the following argument:
There is no doubt that legacy platforms need to be modernized. [br]
The best and perhaps only way for this to happen effectively and efficiently is through a strong combination of onsite U.S. and offshore Indian resources.
The point is not whether these programs are executed by a U.S. company with an Indian development base, or vice-versa.
Without access to a global pool of talent, these programs cannot be executed successfully.
There are three reasons global teams and global collaboration are necessary to meet the modernization needs of the U.S. financial sector …
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