Archive for April 2007
Outsourcing Industry reaches the maturity curve
There are subtle signs when an industry stops being at the periphery of business and starts moving into its core. This is the time when an industry becomes noticed and talked about frequently in the media and general business circles. For the past couple of years, the outsourcing industry has been sending out such feelers, which indicate its increasing maturity, thus fueling its rate of adoption and increasing its importance among the corporate managers.
One such feeler came in the form of an article yesterday, titled “Boutique Outsourcing Advisory Firms Come of Age”. Quoting the article here would be easier than re-phrasing it to convey its gist -
“Given the pressures to make their outsourcing strategies work, organizations have increasingly turned to this band of advisory firms that specialize in outsourcing for information about service providers and their global delivery capability.”
“More than a third of the outsourcing contracts have been handled under the guidance of these firms. Forty-seven percent of such deals are being executed under the guidance of sourcing advisers”
Will keeo you posted as and when further such signals emerge from the market.
$10m spent on ODesk – An outsourcing marketplace
ODesk.com, an outsourcing marketplace provider (www.odesk.com), announced yesterday that till date, contracts/projects cummulatively worth $10 million have been executed via the ODesk infrastructure. ODesk was recently featured in the RedHerring 100 Finalists list and positions itself as an on -demand global workforce provider.
I have personally believed in the value provided by upstarts like ODesk. Alhthough marketplaces like E-Lance and Rent-a-Coder have existed for a longer duration, companies like ODesk go beyond the aspect of a market place and try to provide tools that enable its clients to function effectively in that marketplace. Although I am skeptical about its scalability in terms of, what project sizes can it handle, I am sure it will satisfy small and individual projects (Psst… I heard somewhere that the Technorati website was built by outsourcing it to someone via ODesk – I am not completely sure when & where I heard this information though!)
