Why We Love This A.T Kearney Report (And You Should, Too..!)
The global scale of outsourcing – the borderless access to human talent that businesses all over the world (and especially the west) – is the best thing that ever happened so far. A few countries have, over the years, proven to be the bedrock for offering services for the rest of the world.
For a business, it’s almost always about two things: more profits with simultaneous cost cutting. Together, it leads for another one of those things that businesses can have a competitive edge over.
While there are segments of population that are not comfortable with offshoring and with the rise of “no sharing” as the new trend, offshoring isn’t going away.
The relative low cost of real estate, labor, a highly developed educational sector, a massive number of English speaking workforce have long stood by as an extremely attractive alternative to on-site hiring.
According to an A.T Kearney Report, a few countries such India, China, Malaysia, Brazil and Philippines have proven to be the best destinations in the world for outsourcing.
India takes the lead by topping the list at 6.9, followed by China and Malaysia. The A.T Kearney Index measures these rankings with over 38 factors in assessment to determine the strongest underlying prowess to deliver services across Information technology(IT), Business Process Outsourcing(BPO), Voice Services, and many others.
Technology, outsourcing, and businesses have long been using the “back-office arbitrage”. All of this, however, is only the beginning. The A.T Kearney Global Services Location Index also claims in its report titled A Wealth of Choices: From Anywhere On Earth to No Location At All that this is only the beginning.
Many other countries, apart from India, are transitioning into the service economy: notable entrants include China, Malaysia, Sri Lanka, and Bangladesh. Even Latin American countries such as Mexico, Chile, and Costa Rica have been surfacing as value-added contenders.
We wrote about how Numbers Don’t Lie and why India is the hottest destination for IT and software development.
India was home to about 27% of new development centers in the year 2014 alone. The country’s share in global outsourcing is at a whopping 55%, with India’s global share growing 1.2X times in the last 5 years.
Clearly, India dominates.
The good news? We are well entrenched in the value chain to connect businesses in the Scandinavian region to our development center in India.
We dropped anchor here, a long time ago.
We help businesses in the Scandinavian countries outsource software development to India, help businesses scale up, deliver, and win more business.
We are the knights that help clients put software development on steroids.
Really, a lot of good happens on the other side of the globe and all we need is to crane our necks up and look about a little.
Want to learn a little more about how all this magic happens? What goes behind the scenes?
Go on and read our e-books:
My 5 Best Outsourcing Hacks