It outsourcing news

Here are some recent news articles and updates on IT outsourcing:

Trends and Insights

  1. Cloud-based IT outsourcing on the rise: A recent report by ResearchAndMarkets.com predicts that the global cloud-based IT outsourcing market will grow at a CAGR of 14.5% from 2020 to 2025. (Source: IT Business Edge)
  2. Artificial intelligence (AI) and machine learning (ML) driving IT outsourcing: A survey by ISG found that 70% of companies are using AI and ML to drive IT outsourcing decisions, with 60% of respondents citing improved efficiency as a key benefit. (Source: IT Europa)
  3. Nearshoring and offshoring: A new era of IT outsourcing: A report by KPMG found that nearshoring (outsourcing to countries close to the client's location) and offshoring (outsourcing to countries with lower labor costs) are becoming increasingly popular, driven by the need for cost savings and access to skilled talent. (Source: Computerworld)

Company News and Deals

  1. Accenture acquires German IT consulting firm: Accenture has acquired German IT consulting firm, SALT Solutions, to expand its capabilities in the digital transformation space. (Source: Business Wire)
  2. IBM to acquire cloud-based IT services company: IBM has agreed to acquire cloud-based IT services company, Apigee, to enhance its cloud-based services offerings. (Source: CNET)
  3. TCS to acquire US-based IT consulting firm: Tata Consultancy Services (TCS) has agreed to acquire US-based IT consulting firm, BridgePoint Group, to expand its presence in the US market. (Source: Business Standard)

Challenges and Concerns

  1. Cybersecurity risks in IT outsourcing: A report by ISG found that 60% of companies are concerned about cybersecurity risks when outsourcing IT services, with 40% citing data breaches as a major concern. (Source: IT Europa)
  2. Communication breakdowns in IT outsourcing: A survey by KPMG found that 70% of companies experience communication breakdowns when outsourcing IT services, leading to delays and cost overruns. (Source: Computerworld)
  3. Cultural differences in IT outsourcing: A report by ResearchAndMarkets.com found that cultural differences can be a major challenge in IT outsourcing, with 60% of companies citing language barriers and 40% citing differences in work culture. (Source: IT Business Edge)

These are just a few examples of the latest news and trends in IT outsourcing. If you have any specific questions or topics you'd like to discuss, feel free to ask!