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Outsourcing has emerged as an effective solution, helping businesses save significantly on costs through access to cheap human resources, reducing operatingcosts and increasing work efficiency. According to a study by Deloitte, companies can save up to 60% of operatingcosts through outsourcing.
Example: A financial services firm can set a goal to reduce IT operationalcosts by 25% within the first year post-migration and establish KPIs to measure cost savings, system uptime, and user satisfaction. Implement policies for costcontrol, such as rightsizing and auto-scaling.
Maximize cost savings and efficiency with this guide on strategic offshoring or outsourcing for small businesses and big players alike. Offshoring means moving specific tasks or services to another country to take advantage of cheaper labor and a larger pool of skilled workers. What is Offshoring?
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