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SharedServices and Outsourcing Week (SSOW) is the industry’s leading collaborative event that brings together professionals, leaders, and experts from various industries and backgrounds to share their best practices every year. The week featured prize-winning speakers and Global Business Services giants.
The global services industry’s confidence waned in 2023 after a banner post-pandemic year. Coming off a bumper year in 2022 with double-digit growth driven by pent-up demand after the pandemic, the global services industry entered 2023 with macroeconomic uncertainty clouding the forecast.
These enterprises primarily focus on personalizing customer experience, streamlining supply chains, and emphasizing digital commerce using technologies such as AI/ML, cloud, IoT, and automation. Key priorities also involve fortifying data security, ensuring compliance, and automating manual processes to enhance overall efficiency.
Outsourcing providers have also been impacted by such changes, with 59% 1 of Global Business Services looking to automate their processes with technological advancements like cloud and AI. They can expand their capabilities with IT services encompassing everything from help desk support to software development and cloud migration.
Global Business Services (GBS) organizations have become essential to the enterprise as these sharedservice centers help to optimize costs and build talent strategies for the future. In fact, cost pressure was ranked as the number one business challenge in our annual key issues survey for 2023.
In 2023 alone, over three hundred GCCs were set up in offshore and nearshore locations, and this trend is expected to continue in the near future. Similarly, in 2023, Gloplax and KPMG formed a partnership to better serve their clients in the GCC setup space.
The city has shown admirable growth and resiliency during the past two years, recording one of the country’s highest growth rates for global service delivery. Remarkably, Hyderabad surpassed Bangalore for GCC delivery setups during H1 2023, highlighting its exceptional performance in this sector.
Every enterprise made massive cost adjustments during the pandemic by automating routine tasks, moving to the cloud, and divesting non-core assets. Yes, there will be a downturn in the IT services industry. We forecast 6.7 % growth (organic, constant currency basis) as the base case for the year ending March 2023.
This challenge was highlighted during the 2023 nasscom GCC conclave, where many leaders raised the question of value articulation. A significant number of GCCs today lack a comprehensive approach to measuring the value they generate and struggling to articulate it to their global counterparts.
These are forecasted to be the top digital transformation trends in 2023. Before diving in, let us take a closer look at the government’s digital transformation trends. Before diving in, let us take a closer look at the government’s digital transformation trends.
The Mexican government estimates that the information technology services market amounted to more than 2.15 By the end of 2023, it predicts adding more than 8.85 Robotics and Automation, Software Development , and Biopharmaceuticals. Robotics and Automation, Software Development , and Biopharmaceuticals. billion dollars.
Did you know that global spending on outsourcing is predicted to hit $731 billion this year, 2023, from the $92.5 By delegating non-core business functions to third-party service providers, they can free up their internal resources to focus on revenue-generating activities. billion market worth in 2019? So, what’s driving this growth?
He employs innovation and strategic thinking to empower supply chain growth, utilizing Capgeminis Digital Services for planning, order management, procurement, and automation. With a global background, he excels in digital strategy, sharedservices, process design, and project management.
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