Leveraging technology for off-shoring and offshore outsourcing
For the last few years it has been a trend of confluence of the many technological forces at a different global level for the big enterprises. This is for achieving the result where the firm have the chance of saving the cost by offshore outsourcing for a new business products and services in the market. In this leveraging technology edge the internet based services are in demand to the customers. Internet based services also help the firm to reach to the global level without setting up the offices there. For internet based services there is no need of having the infrastructure and other requirement. It also has the lower production cost as well as the lower labour cost. The internet based businesses have the rapid impact to the business activities and to the customers.
For this setup of internet or online business it is mandatory to outsource another firm to work the project to make it fast and to reduce the technology cost. The previous analysis on the internet marketing shows that the profit of the company can be increased by the 30 percent and also the brand of the firm.By leveraging the low cost Internet-enabled global information and communications infrastructure, information-centric services are outsourced to be performed in countries at a comparative advantage in respect of labor costs.
The above statistics shows that from the last 5 years the increasement in outsourcing is near by 50 percent as compared to the year 2005. It can be explained that in Information Technology services outsourcing is much higher and rapid than any other sector. Now days this outsourcing is becoming the essential requirement for the firms who are not working in IT or technology sectors. A very basic question about the outsourcing stands from the value enhancing as will this outsourcing increase the value of the organization in terms of the brand or not. If a firm undertakes other firm’s services and enhance the services by use of technology, business strategies or business planning for the particular services then the firm who is enhancing the business will be branded much then for the firm is doing the service. This outsourcing will result in the profitability of the firm’s operations in that sector.