article thumbnail

Why You Should Choose The Philippines For Your IT Outsourcing

Groove Technology

In the 2017-2018 school year alone, state universities and colleges produced 77,747 IT graduates. Effective Cost One of the main factors contributing to the growth of IT outsourcing in the Philippines is the lower cost of labor.

article thumbnail

IT Companies in Quandry as Clients Turn against COLA | In the News

Everest Group

Prateek Gupta , Practice Director, Everest Group, says there was a decline in contracts with the COLA clause between 2018 and 2020 because of buyers’ pressure back then. Operating costs for providers were largely stable during this period, which enabled providers to give in to pressure from buyers.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Outsourcing Case Studies Businesses Can Learn From

NoonDalton

As a result, they employed Russian software developers to reduce operational costs while obtaining highly experienced workers. . They operated in Israel, Ukraine and the US, with 22 employees. Oktopost hired software developers through Daxx in 2018, which helped them extend their roadmap and scale their business.

article thumbnail

Unleashing IT Industry Growth Potential with Asset-Based Business Models | Blog

Everest Group

Finding stability amid uncertainty With IT revenue and operating margins already down (approximately 14% decline in operating profit per employee since 2018), larger macroeconomic and geopolitical disruptions will continue to impact the IT services industry as the sector interconnects ever more closely with enterprise operations.

article thumbnail

IBM and Microsoft partnership accelerates sustainable cloud modernization

IBM Services

According to the IT Sustainability Beyond the Data Center report from the IBM Institute for Business Value, some estimates suggest that there has been a 43% absolute increase in the power capacity demand by data center operators between 2018 and 2021, and that the global data center market will grow by more than 30% between 2021 and 2027.

article thumbnail

5 Signs Your Company Could Benefit from Automation

Metasource

has been decreasing since 2018 – yikes. It has dropped by 5% between 2018 and 2022, which is the steepest recorded drop in 28 years. High Costs Between inflation and the great debate over whether or not the U.S. is nearing recession, reducing costs is top of mind for organizations.

article thumbnail

Top Offshore Software Development Companies in 2024: Best Picks for Your Projects

Groove Technology

TECHVIFY TECHVIFY, a Vietnam-based company founded in 2018, has quickly established itself as a rising star in offshore development services. Small and medium-sized enterprises can leverage offshore talent to access specialized skills and scale their operations cost-effectively. Absolutely.