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The global information technology and business process outsourcing market is approaching $500 billion and is growing rapidly.
The global information technology and business process outsourcing market is approaching $500 billion and is growing rapidly. In today’s global economy, investments in outsourcing and offshoring initiatives have never been higher, or more critical to organizational success. To help companies address today’s significant outsourcing and offshoring risks and maximize the value of their outsourcing and offshoring strategy, Deloitte has published a new whitepaper titled, “The Risk Intelligent Approach to Outsourcing and Offshoring.”
Corporations are facing dramatically increasing risks as they rely more than ever on other parties and/or offshore entities for a growing number of business and information technology processes. The paper, the eighth in the Deloitte Risk Intelligence series, identifies several trends that have increased outsourcing and offshoring risks:
• Companies rely on other parties and/or offshore entities not just for specific projects and back-office functions but more often for core business processes.
• Increased competition for global talent has contributed to shortages of qualified talent.
• Regulatory developments have increased exposure to liability for malfeasance or misfeasance; in some cases, senior management and the board can be held accountable for non-compliance associated with operations of organizations hired to serve the interests of the company.
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