Groove Technology

AUGUST 15, 2024

Outsourcing IT support reduces costs and provides ongoing support from tech experts. This approach not only reduces costs but also frees up internal resources to focus on innovation and new development projects, rather than routine maintenance tasks.

Offshoring 100

Offshoring Software Nearshoring Outsourcing 100

IBM Services

SEPTEMBER 18, 2023

Today, we are seeing significant digital disruption in the business of trade and supply chain financing that is largely influenced by global events and geopolitics, changing regulations, compliance and control requirements, advancements in technology and innovation, and access to capital.

Finance 87

Finance Banking Regulations Advisory 87

IBM Services

APRIL 11, 2024

Moreover, the OECD places legally enforceable AI regulations and standards in a separate category from the initiatives mentioned earlier, in which it lists an additional 337 initiatives. They identify international coordination and safety regulation as critical to preventing risks related to an “AI race.”

Government 77

Government Regulations Accounting Cybersecurity 77

IBM Services

NOVEMBER 30, 2023

Cybersecurity is everyone’s business—as it should be, given the staggering surge in cyberattacks. IBM’s 2023 Cost of a Data Breach report reveals that the average cost of a data breach in India has increased to an all-time high of INR 179 million in 2023, which is approximately a 28% increase since 2020.

Cybersecurity 70

Cybersecurity Regulations Sourcing Streamline Operations 70

Groove Technology

FEBRUARY 9, 2023

This creates both opportunities and challenges for retailers, who must find ways to leverage data to provide more personalized and seamless experiences while ensuring compliance with privacy regulations and addressing cybersecurity concerns.

Retail 130

Retail Sales Sourcing Cybersecurity 130

Groove Technology

JUNE 15, 2023

Case Study 3: Enterprise Z Enhances Operational Efficiency Enterprise Z, a large multinational corporation, aimed to optimize their operational efficiency and reduce costs. By outsourcing development tasks to a remote team, Enterprise Z achieved substantial cost savings without compromising quality.

E-Commerce 130

E-Commerce Flexibility Collaborations Healthcare 130

NoonDalton

DECEMBER 9, 2024

These technologies are no longer limited to reducing costs or handling repetitive tasks. RPA allows companies to reduce costs, eliminate human error, and free up employees to focus on strategic initiatives. They are driving innovation, improving service delivery, and providing critical insights for decision-making.

BPO 52

BPO Outsourcing Robotics Process Automation Cybersecurity 52

Groove Technology

SEPTEMBER 26, 2024

This model is particularly popular among companies looking to reduce costs while dramatically accessing a vast talent pool. This model prioritizes ease of communication and cultural alignment over cost savings. Additionally, it allows for a 24/7 development cycle, potentially accelerating project timelines.

Software 130

Software Outsourcing Offshoring Nearshoring 130

IBM Services

JANUARY 19, 2024

Whether your industry faces challenges from geopolitical strife, fallout from a global pandemic or rising aggression in the cybersecurity space, the threat vector for modern enterprises is undeniably powerful. Reducing costs: According to IBM’s recent Cost of Data Breach Report , the average cost of a data breach in 2023 was USD 4.45

Cybersecurity 97

Cybersecurity Outsourcing Out-Tasking Reduced Costs 97

Groove Technology

SEPTEMBER 26, 2024

Offshore software development involves partnering with development teams located in different countries, often with the dual objectives of reducing costs and accessing a diverse talent pool. One of the primary advantages of offshore outsourcing is its cost-effectiveness compared to onshore or nearshore models.

Offshoring 130

Offshoring Software Outsourcing Right-Sizing 130

Designveloper

OCTOBER 1, 2021

Besides, they can obtain more flexibility of public clouds when scaling up or down less regulated computing projects, whereas meeting industry standards of keeping some confidential data on-premises. . Security measures on hybrid cloud platforms are consider superior to those of private and public clouds.

Administrative 96

Administrative Out-Tasking Finance Cybersecurity 96

WebCreek

AUGUST 16, 2022

With the switch to cloud computing the oil and gas industry has benefitted from more efficient monitoring and quality assurance practices, reduced costs on data storage, more secure cybersecurity mechanisms, and new innovations to aid the development of the industry. Reduced Costs. Data Storage.

Nearshoring 59

Nearshoring Reduced Costs Cybersecurity Collaborations 59

Perficient Digital Transformation

DECEMBER 22, 2023

This mitigates the risk of customer service representatives providing incorrect information and ensures compliance with regulatory disclosures, ultimately enhancing the overall customer experience while reducing costs. Contact our experts today if you are interested in learning more about up-and-coming news in financial services.

Banking 52

Banking Risk Management Risk Management Cybersecurity 52

IBM Services

JANUARY 11, 2024

Last year, companies around the world spent close to USD 219 billion on cybersecurity and security solutions, a 12% increase from the previous year according to the International Data Corporation (IDC) (link resides outside ibm.com.) million—a 15% increase over the last 3 years.

Right-Sizing 100

Right-Sizing Regulations Software Cybersecurity 100

Groove Technology

SEPTEMBER 27, 2024

Advantages: High-quality output EU membership benefits Cultural alignment with Western business practices Challenges: Higher costs compared to Eastern European neighbors IT talent shortage Strict labor regulations Poland's outsourcing sector is particularly strong in areas like fintech, gaming, and enterprise software development.

Software 130

Software Outsourcing Nearshoring Offshoring 130

Intugo

JANUARY 23, 2024

They understand your sector’s challenges, regulations, and best practices, ensuring more efficient and compliant service delivery. Ensure the outsourcing company adheres to international data protection regulations, maintains strict security protocols, and undergoes regular security audits.

Outsourcing 59

Outsourcing Nearshoring Call Center Flexibility 59

IBM Services

FEBRUARY 6, 2024

Cybersecurity and cyber recovery are types of disaster recovery (DR) practices that focus on attempts to steal, expose, alter, disable or destroy critical data. Reduced costs from unplanned events: Cyber and disaster recovery can be expensive, with critical assets like employees, data and infrastructure being threatened.

Right-Sizing 94

Right-Sizing Software Cybersecurity Reduced Costs 94

Infosys Consulting

FEBRUARY 15, 2024

The cloud provides a secure and scalable environment for fabless firms to automate processes, apply advanced tools, and adopt a collaborative approach to reduce costs as well as turnaround times for bespoke chipsets. Step 4: continuous monitoring to optimize performance, rationalize costs and ensure alignment with objectives.

Design 52

Design Co-Sourcing Collaborations Analytics 52

NoonDalton

DECEMBER 21, 2022

A Clutch study indicated that in addition to lower costs, 24% of small firms look for international outsourcing services to increase their job productivity, with another 18% adopting it for professional advice. Better cybersecurity safeguards and more capacity are now required to stay up with Industry 4.0 Reduced Costs.

Global Outsourcing 52

Global Outsourcing Outsourcing Offshoring Business Process Outsourcing 52

NoonDalton

SEPTEMBER 9, 2024

As financial regulations grow more complex, managed services offer an efficient way for banks and financial institutions to maintain compliance while reducing operational costs. In either case, working with an external provider can be an effective way to reduce costs, access specialized skills, and free up internal resources.

Managed Services 52

Managed Services Outsourcing Management Service 52

Planergy Software

JANUARY 12, 2023

Supplier tiering also helps reduce costs by eliminating inefficient or unnecessary processes in the supply chain. Companies should aim to form relationships with suppliers that uphold ethical standards and regulations to avoid becoming complicit in any wrongdoing by association. What Are Supplier Tiers? Tier 1 Suppliers.

Supply Chain Management 52

Supply Chain Management Regulations Manufacturing Finance 52

3Pillar Global

MAY 15, 2023

The last generation of cybersecurity solutions was designed for a world in which regulations were minimal, and the costs associated with a security breach were relatively small. Potential goals might include: Deliver a better customer experience Gain a better understanding of your audience’s needs, behaviors, pain points, etc.

Cybersecurity 52

Cybersecurity Out-Tasking Software Analytics 52

Perficient Digital Transformation

MARCH 19, 2024

Related: AI in Healthcare: Care Delivery Use Cases Healthcare Trend #2: Cybersecurity In Healthcare While security has always been top of mind for HCO’s, recent data breaches highlight cyber hacking’s significant threat to the healthcare sector.

Healthcare 52

Healthcare Insurance Cybersecurity Collaborations 52

Capgemini

SEPTEMBER 11, 2024

Economies of Scale : Operating across multiple markets can lead to economies of scale in manufacturing and R&D, reducing cost s per unit and increasing overall efficiency. In other words, semiconductor companies (a.k.a Semicoms) create customized hardware tailored to specific industry solutions.

Manufacturing 52

Manufacturing Software Design Healthcare 52

Vilmate

APRIL 27, 2022

From cybersecurity to customer care, AI appliances manage to enhance financial operating systems both from developers’ and consumers’ points of view. The implementation of AI and ML in fintech may reduce a huge amount of manual work. Source: Statista. So what exactly can ML and AI applications in the financial industry improve?

Banking 52

Banking Finance Risk Management Risk Management 52

Obobo

MARCH 19, 2023

– Risk management: VCM helps identify and mitigate risks associated with vendor contracts, such as cybersecurity threats, data breaches, or financial instability. – Cost optimization: By effectively managing vendor contracts, businesses can identify cost savings and negotiate better terms with vendors.

Management 40

Management Reduced Costs Automation Accounting 40

31 West

JULY 26, 2022

This article will aim to get you through the top 6 IT challenges faced by healthcare industry: Cybersecurity. Cost Crisis. Cybersecurity. In addition to compromising confidential patient information, you also have to face a hefty penalty if you’re found to have violated the many compliant standards regulating the industry.

Healthcare 130

Healthcare Cybersecurity Administrative Out-Tasking 130

IBM Services

FEBRUARY 16, 2023

Along with these challenges, the ongoing drive to reduce costs, improve efficiency and productivity, drive better decision-making and reduce risk will continue to drive pharma investment in cloud, AI/ML, analytics and automation in 2023 despite higher interest rates.

Pharmaceuticals 40

Pharmaceuticals Research Reduced Costs Manufacturing 40

IBM Services

NOVEMBER 13, 2023

Security vulnerabilities: Due to outdated security measures and lack of updates, legacy applications are more susceptible to cybersecurity threats. High maintenance costs: The need for ongoing maintenance and support for legacy applications can result in escalating costs over time.

Software 100

Software Automation Efficiency Inventory Management 100

Premier BPO

MARCH 13, 2025

Moreover, financial compliance demands are increasing, with complex SEC, IRS, and global regulations requiring greater financial oversight. Outsourcing eliminates these overheads, reducing labor costs by 20%-50% while freeing up capital for growth-focused initiatives.

Finance 130

Finance Accounting Outsourcing Co-Sourcing 130

Everest Group

FEBRUARY 25, 2025

Unexpected operational costs Many GCCs start with aggressive cost-saving targets, but later face unanticipated expenses: real estate, compliance, cybersecurity, and operational inefficiencies. Hidden costs (or underestimated costs) can also erode cost advantages within 35 years.

Government 130

Government Offshoring Right-Sizing Labor Costs 130

Groove Technology

DECEMBER 16, 2024

Strong experience in providing solutions for highly regulated sectors like finance and healthcare, ensuring compliance and security. Expertise across cloud computing, digital transformation, cybersecurity, and enterprise software solutions.

Software 100

Software Outsourcing E-Commerce Right-Sizing 100

Intugo

MARCH 13, 2025

Intugo Healthcare BPO Services help expand these teams with: Secure patient data management and cybersecurity solutions. Compliance solutions that ensure security, and adherence to regulations. Implementation and maintenance of remote healthcare systems. Development of hospital management software.

Healthcare 52

Healthcare BPO Nearshoring Service 52

Perficient Digital Transformation

MARCH 17, 2025

New rules focused on data privacy , cybersecurity, and sustainability are being implemented to ensure stability and consumer protection. These changes require significant adjustments in risk management, compliance frameworks, and operational protocols, leading to higher compliance costs and operational expenses.

Service 52

Service Finance Analytics Banking 52

Groove Technology

MARCH 14, 2025

This prevents over-provisioning in database management, reducing costs while ensuring applications run smoothly. Businesses only pay for what they use, enabling cost-effective scaling. Compliance is crucial, particularly in regulated sectors like healthcare and finance.

E-Commerce 100

E-Commerce Automation Labor Costs Collaborations 100

Perficient Digital Transformation

NOVEMBER 1, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

Regulations 52

Regulations Service Cybersecurity Banking 52

IBM Services

FEBRUARY 9, 2024

According to a recent IBM survey of over 1,000 employees at enterprise-scale companies , the top three factors driving AI adoption were advances in AI tools that make them more accessible, the need to reduce costs and automate key processes and the increasing amount of AI embedded into standard off-the-shelf business applications.

Right-Sizing 102

Right-Sizing Out-Tasking Sourcing Research 102