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Talent crunch in U.S. fetches works for Indian IT
By siliconindia
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Thursday, 06 November 2008, 16:47 IST |
4 Comments
Bangalore: The Indian IT is now experiencing a fully positive effect of talent crunch in developed countries like the U.S. coupled with an increased demand for IT services, as it is leading to an increase in the outsourcing of work to locations like India, says a joint study by Everest Research institute, an outsourcing analysis and advisory firm and Bernstein Research, the investment research resource.
The study points out lessened economic sensitivity and central roles for globalization and offshoring as a paradigm shift happened in the sector. IT Consulting companies like Accenture, Cognizant, EDS, Perot Systems, HCL, L&T Infotech, Patni, Satyam, Satyam, TCS and Wipro are some of the 15 companies participated in the study.
The growing sophistication of offshore IT firms is another reason for the current trend.
However, there were reports some months ago that the economic pressures in the UK and U.S. have been increasing the rate at which companies are offshoring their IT services, most notably to India.
Research firm Gartner in April this year reported, "Organizations are refocusing on IT cost reduction and taking steps to accelerate the use of offshore labor. Buyers of IT services will shift from cost containment goals to a greater focus on cost reduction and productivity increases in their sourcing decisions." The report predicted that India would continue to be the most-sophisticated country option to source offshore IT services in the near term.
