India remains the favourite back-office of the world thanks to its "first-mover advantage" and deep skill base, as per global management consulting firm AT Kearney's ranking of the best outsourcing destinations
Almost one-third of Internet users in the European Union caught a computer virus last year, while three percent lost money through online crime, EU data showed.
India's IT exports to Japan are still small at around $1 billion or 2% of total IT exports. The Indian outsourcing industry will not be impacted to a large extent, but business to individual companies, especially small and medium firms with Japan exposure, could be affected.
India continues to be the dominant player in the global outsourcing sector. However, its future will depend on how the challenges related to continued competitiveness are tackled.
The notion that jobs from America are being outsourced to India is "vastly exaggerated", a top Obama administration official has said, adding Indo-US trade and economic relationship is a two-way process and not heavily tilted towards any one.
Revenues from the information technology and business process outsourcing industry will reach USD 71.7 billion for 2011 and account for 5.8 per cent of the country's GDP, the firm said in its Technology, Media and Telecommunications Predictions for India in 2011.
Information Technology (IT) companies and BPOs are witnessing large-scale attrition of talented employees, making retention of critical manpower resources a key challenge going forward, according to an industry expert
Buoyed by steady recovery in demand for technology services, the Indian IT-BPO sector is estimated to have grown 19 per cent in 2010-11 to USD 76 billion in revenues, software industry body Nasscom said.
For sales honchos at India's top technology firms, it's a long summer chasing outsourcing contracts worth over $20 billion that are set to expire in the next two years.
Software Development professionals of the Rajiv Gandhi Information Technology Park in Hinjewadi took to the streets,These professionals, who are generally busy creating cutting edge software solutions for businesses spread all across the globe, were unperturbed by the monsoon showers as they stood holding umbrellas and banners in their hands asking for better infrastructure, better traffic management, enhanced power supply and security for Hinjewadi the growth of Hinjewadi can be well-planned and structured if a dedicated and competent authority is created by the government to develop a holistic strategy for Hinjewadi and Pune as an IT hub. HIA is looking for completion of a fire station in Phase III, development
Inspired and aided by India, the Ghanaian government is taking measures to make information technology (IT) a key driver of its economy and transform the country into the IT hub of West Africa. Ghana provided the infrastructure to house the computer hardware, software and other communication equipment, while India supplied the initial instructors, who helped in drawing up the curriculum.
Top outsourcing customers, are raising concerns over the increasing number of new engineering graduates employed by Indian and foreign tech firms in IT projects.The average age of new joiners is 22 years. During the year ended March this year, India's $60-billion outsourcing sector hired some 1,92,208 fresh graduates. This year's target is about 2,21,039. Experts say the challenge is to impart knowledge of the business and not only technology. "The ability to make new people productive early in their career is one challenge ... Software development and BPO services are increasingly dependent on knowing the business.
