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Welcome to the April issue of Offshore Insights!
Globalization of services has brought on the second wave of business
transformation two decades after manufacturing outsourcing did the same for
product development. As the market matured, companies began looking beyond
India to increase their global competitiveness. Having multiple offshore
delivery centers offers distinct advantages, apart from the cost savings that
made offshoring a business reality. As companies look at their global
portfolio, they decide on offshore, nearshore or onshore destinations. What are
the advantages of each location?
We are tracking the offshore outsourcing space to give you updated news, views
and trends to add value to your offshore outsourcing decisions. In January we
discussed the nearshore option for the USA, this month, we examine the
nearshore option for Europe.
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| Offshore Sourcing Articles
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The European Nearshore Opportunity: Eastern Europe  |
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By neoIT
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Cost, cultural compatibility, service quality, multi-lingual
skills, time zone compatibility and EU accession in April 2004 has created a
lot of interest in Central and Eastern Europe (CEE) a preferred nearshore
destination for Western Europe.
Outsourcing of IT/BPO has evolved as a strong business model and continues to
grow in double digits in western Europe. The need to remain cost-competitive,
focus on core competencies has prompted firms to look at emerging
offshore/nearshore locations as a part of their global sourcing strategy.
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| Industry Research and Case Studies |
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| Special Events |
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SIG
Conference
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May 4 - 7, 2004
Houston, TX
Atul Vashistha, neoIT CEO, will jointly
present with a global client organization on
Leveraging Offshore to Create a Shared Services Model,
on Wednesday May 5, 2004.
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Outsourcing and Globalization: Good or Evil?
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May 5, 2004
San Jose, CA
Debashish Sinha, neoIT Managing Director,
will participate in a panel discussion on
Outsourcing and Globalization: Good or Evil,
on Wednesday May 5, 2004.
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TiECon 2004
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May 14 - 15, 2004
Santa Clara, CA
Atul Vashistha, neoIT CEO, will moderate a
panel on
Going Global: Leveraging Global Talent
(India, China etc).
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World Bank Technology Conference
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May 18 - 19, 2004
Washington, D.C.
Atul Vashistha, neoIT CEO, will moderate a
panel discussion on
Offshore Services - New Opportunities
on Tuesday May 18, 2004.
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WorldatWork 49th Annual Conference & Exhibition
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May 23 - 26, 2004
Boston, MA
Atul Vashistha, neoIT CEO, will participate
in a panel discussion on
HR's Role in
the Offshoring Revolution, on May 25, 2004.
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The Fourth Software Outsourcing Summit
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June 9 - 11, 2004
St. Petersburg, Russia
Eugene Kublanov, neoIT Vice-President
(Corporate Development), will speak on
Russia
as an Offshore Destination for U.S. Clients. A Prospective From a Leading Consultancy Firm,
on June 10, 2004.
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Business4Site Technology Summit
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June 15 - 17, 2004
Los Angeles, CA
Debashish Sinha, neoIT Managing Director,
will present on
Roadmap to Multi-Sourcing: The Right Source for Every
Function, on June 15, between 4 pm & 5 pm. on June 10, 2004.
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The Conference Board's 2004 HR Outsourcing Conference
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September 28 - 29, 2004
Chicago, IL
Atul Vashistha, neoIT CEO, will present on
Global Sourcing: Does It Match Your Strategy,
on Wednesday September 29, 2004 between 10 am & 11 am.
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2004 Computer and Internet Law Section of the Oregon State Bar Annual CLE
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October 7, 2004
Portland, Oregon, USA
Eugene Kublanov, neoIT Vice-President
(Corporate Development), will present on
International Panel: Software Outsourcing Abroad; China Market Access,
on Thursday October 7, 2004 between 2 pm & 2.45 pm.
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| Offshore Knowledge Center |
Visit
Offshore Knowledge Center to learn more about global and offshore
outsourcing. Examine best practices on the full lifecycle of offshoring from
assessment and due diligence to transition, on-going management and analysis.
You will find reports written by respected industry analysts, offshore articles
from around the Web, and other important resources, such as newsletters and
presentations.
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What’s new in the OKC
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neoIT in the News |
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The Outsourcing Dilemma
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Inc.com Magazine
April, 2004
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"Don't even think about offshoring if you can't cut costs by at
least 20%; in fact, you should be saving about 40%. Otherwise, you will be
spending too much energy trying to manage the process," says neoIT CEO Atul
Vashistha.
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The Let-Someone-Else-Do-It Strategy
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BusinessWeek
April, 2004
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"The most common problem in offshoring is lower savings -- often
50% lower, and salaries in places like India and the Philippines are growing by
10% to 15% a year," says neoIT CEO Atul Vashistha.
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Mid-Sized BPO Firms Likely Acquisition Targets
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Financial Express
April, 2004
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Clients are looking at acquiring mid- to small-sized BPO
companies in India, and building their offshore voice capability, says neoIT
Managing Partner Avinash Vashistha.
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Offshore Outsourcing Myths Exposed
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Offshore Update
April, 2004
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“A company doing business with a firm 13 time zones away, will
have to spend a lot of money on travel and other things and these costs will
eat away at the cost savings realized through outsourcing,” says Eugene
Kublanov, Vice-President, Corporate Development, neoIT.
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IBM Acquires Indian BPO Company
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Top Consultant
April, 2004
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"Close to half a dozen mid-size global IT companies are
evaluating mid-sized BPO companies in India for acquisitions," says neoIT.
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Wage Inflation Unlikely to End India’s Offshore Dominance
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Computerworld
April, 2004
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Salary levels of Indian programmers are expected to double by
the year 2010, based on a 13% compound annual growth rate, says neoIT Corporate
Development Vice-President Eugene Kublanov.
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All Things Considered |
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NPR
April, 2004
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Outsourcing is creating a whole new industry in the US. neoIT
CEO Atul Vashistha speaks to Laura Syndell, on globalization and the American
economy.
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Into Thin Air
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Fast Company
April, 2004
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"This is the next iteration of the global economy," says Atul
Vashistha, CEO of neoIT, an offshore advisory firm. "The story is what would
happen to these companies if they did not go offshore."
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Opinion Poll |
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What influences your decision to
offshore your IT and business processes?
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Resources |
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SBPOA
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The Shared Services and Business Process Outsourcing Association
(SBPOA) is a membership organization for executives, managers, consultants,
administrators, and educators, with a professional interest in gaining a better
understanding of what it takes to setup and lead best-in-class Shared Services
or successful BPO activities.
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Your Space
(Readers write-in) |
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neoIT derives knowledge from market intelligence. Your opinions and views
matter to us.
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If you feel you have something interesting or important to tell us, please
write
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to
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Note: Articles will be edited for content and length.
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