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How is the senior management of offshore headquartered service providers preparing for the future? While there are several versions of the predicted future, everyone agrees that this is a watershed moment in the evolution of the IT outsourcing and offshoring industry. The overall mood is somber at best in most places.
Insart Website: [link] Company Size: 51-200 employees Founding Year: 2008 Insart specializes in Java development for financial and trading systems. Consider these practices: Establish Java coding standards and best practices Implement regular code reviews and pair programming sessions Utilize automated testing frameworks for Java (e.g.,
Based on the data above, 2008 had a 42% attrition since not everyone considered the BPO industry as a permanent career before. . The rate slowly went down until in 2014 when most BPO companies lay off most of their employees due to automation. Although these services are much more expensive compared to offshore outsourcing.
To meet these demands, they’ve sought to leverage a combination of offshoring capabilities, process re-engineering, and new technologies. To mutualize costs, the widespread market adoption of standards and automation best practices will be necessary. Banks must look to central industry players such as market utilities and FMIs.
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