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Welcome to the November 2005 issue of Offshore Insights! We are tracking
the offshore outsourcing space to give you updated news, views and trends to
add value to your offshore outsourcing decisions.
For an Industry that is reeling under increasing operating costs, decreasing
margins and reduced time to market constraints, the pace of exploration of
avenues to decrease costs is not adequate. Although the Insurance industry has
been leveraging services globalization better than some industries, it still
lags behind the Financial Services, Banking and the Telecommunication
industries.
This month’s white paper ‘Globalization in the Insurance Industry’ provides
information on key trends and challenges for the insurance industry today and
some good practices and recommendations on getting started with the whole
process of Services Globalization.
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| Offshore Outsourcing Articles
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| Industry Research and Case Studies |
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| Offshore Outsourcing Events |
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Aviation Outlook Summit 2006 
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December 5 - 6, 2005
The Westin, Kuala Lumpur
Avinash Vashistha,
neoIT Founder and Managing partner, will participate in a Thought Leaders Forum:
Outsourcing and Retail Innovators - Adapting Innovative Retail Strategies for
Market Leadership.
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Asset Management Industry Outsourcing Forum
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December 8, 2005
New York, NY
Pavan Chahal, neoIT Managing Director, will
moderate the panel Thought Leaders Forum: Role of Information Technology in the
Success of Outsourcing in the Asset Management Industry.
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2006
Global Services Conference*
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February 2, 2006
New York, NY
Atul Vashistha, neoIT CEO and Conference
Chair, and
Charlie Cortese, Managing Director at Lehman
Brothers, will discuss the 5 W's of Services Globalization Strategy: What,
Where, When, Why and Who.
Pavan Chahal, neoIT Managing Director,
together with
Dave Bass, Manager Applications Development,
Time, will delve into the Practical Aspects an Organization should consider
during the Sourcing Process.
Tarun Mehta, neoIT Managing Director, will
discuss Governance and Relationship Management in Offshoring.
*neoIT is the Content Partner for this event
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The 2006 Outsourcing World Summit
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February 20 - 22, 2006
Orlando, Florida
Atul Vashistha, neoIT CEO, will present the
keynote for the Offshore Outsourcing track titled Beyond Offshoring: The
Emergence of Services Globalization.
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| Offshore Knowledge Center |
Visit the
Offshore Knowledge Center to learn more about global and offshore
outsourcing. Examine best practices on the full lifecycle of off shoring from
assessment and due diligence to transition, on-going management and analysis.
You will find reports written by respected industry analysts, 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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Opinion Poll |
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Offshore Outsourcing in Financial Services – Is it expected to rise
significantly?
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neoIT in the News |
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India: Desperately Seeking Talent
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BusinessWeek,
November 2005
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Outsourcing consultancy neoIT keeps junior execs happy by
offering them the opportunity to work with customers who are top global
players.
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Filipinos Challenge India
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Business Standard,
November 2005
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Philippines is taking aggressive strides to catch up with India
as the desired destination in BPO offshoring. According to a study by neoIT, an
offshore advisory and management firm, Philippines is preparing eight other
Filipino cities besides Manila to foster this growth in the country.
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Beyond Software India Eyes Microchips
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Reuters,
October 2005
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Avinash Vashistha, managing director of independent outsourcing
consultancy NeoIT said it would take India a long time to compete with Taiwan,
but added that the presence of Indian fabrication can drive demand for design
services related to it. "The intent is not to compete...this is an enabler," he
said.
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New Challenges Dog Outsourcing Customers
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Computerworld,
October 2005
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Burnout is another problem. Managers who oversee offshore
outsourcing deals often wake up before dawn to connect with members of the
offshore team before they've concluded their workday. A few hours later, the
manager goes into the office and then puts in a full workday, noted Tarun
Mehta, a managing director at NeoIT Inc., a San Ramon, Calif.-based
consultancy. "That might work for a week or two weeks but after six months, the
project begins to slip."
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Resources |
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Malaysia:
RUSSIA: RUSSOFT
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RUSSOFT is an association of the leading companies in the field
of Software Development from Russia and Bielorus. Currently RUSSOFT consists of
more than 50 companies with 6000 highly qualified software developers who are
experienced across a broad range of applications and technical platforms.
RUSSOFT companies have provided services to small and intermediate sized
companies as well as many of the Fortune 500 companies...
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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. If you feel you have something interesting or important to tell
us, please
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write to
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Note: Articles will be edited for content and length.
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