Posts Tagged ‘Business’

IT job industry back on track

May 22nd, 2013
IT job vacancies are on track to rise back to pre-recession levels, as first quarter data reveals that the volume of permanent vacancies has risen for the fourth year in a row.
Data from CWJobs.co.uk has shown that IT jobs are now only 15 per cent below where they were, pre-recession, in Q1 2008, compared to 41 per cent just three years ago. As Britain’s economic outlook finally shows signs of stabilising, it’s likely businesses are taking on additional staff as they anticipate expanding, or try to trigger growth.
Alongside the industry’s positive performance, maintaining steady growth is SQL, which has remained the most in demand skill over the last five years. In the last year however, new data shows that demand for C# has overtaken C as a desired skill for employees, as employers look beyond the older programming language.
As a continued result of business outsourcing functions and consumer technology development, software houses and consultancies lead the way in industry growth with vacancy rises of over 1.4 per cent last year.
Richard Nott, Website Director, CWJobs, says: ‘As Britain’s economic position stabilises, growth is being seen across most sectors of the IT industry, signalling that it is finally recovering from the recession. The technology industry looks to be at the forefront of Britain’s growth, and if it maintains the same trajectory, could be boosting Britain’s economic position even further.’
Source:http://www.bcs.org/content/conWebDoc/50584

IT job vacancies are on track to rise back to pre-recession levels, as first quarter data reveals that the volume of permanent vacancies has risen for the fourth year in a row.

Data from CWJobs.co.uk has shown that IT jobs are now only 15 per cent below where they were, pre-recession, in Q1 2008, compared to 41 per cent just three years ago. As Britain’s economic outlook finally shows signs of stabilising, it’s likely businesses are taking on additional staff as they anticipate expanding, or try to trigger growth.

Alongside the industry’s positive performance, maintaining steady growth is SQL, which has remained the most in demand skill over the last five years. In the last year however, new data shows that demand for C# has overtaken C as a desired skill for employees, as employers look beyond the older programming language.

As a continued result of business outsourcing functions and consumer technology development, software houses and consultancies lead the way in industry growth with vacancy rises of over 1.4 per cent last year.

Richard Nott, Website Director, CWJobs, says: ‘As Britain’s economic position stabilises, growth is being seen across most sectors of the IT industry, signalling that it is finally recovering from the recession. The technology industry looks to be at the forefront of Britain’s growth, and if it maintains the same trajectory, could be boosting Britain’s economic position even further.’

Source:http://www.bcs.org/content/conWebDoc/50584

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Infinite Appoints New Business Head To Lead Its IT Services Business

May 16th, 2013

IT and mobility solutions provider Infinite Computer Solutions (India) Ltd. said it had appointed Amit Srivastav, as the Business Head (IT Services) of its wholly-owned subsidiary Infinite Computer Solutions Inc. effective May 01, 2013.

In this role, he will be heading the IT Services Business for Infinite’s North American and European markets. He will also be responsible for establishing and heading the Business Marketing function for the company in these markets.

Srivastav comes with strong credentials in the IT and Outsourcing Industry for close to 20 years. Prior to this role, he was heading HCL Technologies Sourcing Advisory and Strategic Alliance functions for its Americas region.

He will be based out of Infinite’s offices in New Jersey, the company said.

At the BSE, Infinite Computer Solutions (India) shares are currently trading at Rs.117.35, up 0.77 percent from the previous close.

Source:http://www.rttnews.com/2119307/infinite-appoints-new-business-head-to-lead-its-it-services-business.aspx?type=bn&utm_source=google&utm_campaign=sitemap

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IT ‘nearshoring’ to pick up in 2013

February 1st, 2013

More western companies will be turning to “nearshoring” as they come under pressure from factors arising from politics and the changing cost-benefit dynamics of labor versus transportation.

According to Brian Prentice, research vice president of Gartner, the trend will be partly driven by the onset of new European Union (EU) initiatives by 2014. These are aimed at driving laws to protect jobs and reduce offshoring by 20 percent through 2016, he pointed out during the Gartner Predicts 2013 conference held here Friday.

In contrast with offshoring, nearshoring is the transfer of business or IT processes to companies in a nearby country, typically with one which shares borders. This is usually due to capitalize on benefits of proximity which include time zones, cultural and linguistic similarities, and political factors.

It also overcomes several constraints of offshoring, such as the differences in local employment laws and practices, and oversight to tackle risks of intellectual property theft and fraud.

There are already signs of this happening with European companies turning to places like Poland and Spain for outsourcing service, said Prentice.

The benefits of offshoring have started to diminish in the face of transportation costs outweighing the savings, the research vice president said. “We’ve already started seeing some companies moving their manufacturing back to America especially now with increased automation,” he added.

“A lot of this also has to do with politics,” Prentice pointed out. He cited how there was increasing pressure for governments to keep jobs at home or nearby, especially with the continuing upward trend in umemployment in the EU with little expectation of any short term recovery.

Establish local footprint

As a result of this trend of nearshoring by European firms, Indian services providers have started to go beyond having sales office near their customers to put up delivery centers, noted Prentice.

He added non-EU organizations must establish a local footprint to avoid being squeezed out, and should consider low cost regions to improve their attractiveness.

Business processes outsourcing players such as Tata Consultancy Services (TCS) and Infosys have been among those expanding to be closer to their customers. Last September, TCS opened its new U.S. facility in Minneapolis in Minnesota.

This will be important especially for many Indian companies as India has yet to secure the data security status by the EU, which will allow it greater market access to the services sector. The obstacle prevents the flow of sensitive data to India under EU data protection laws.

By 2014, IT hiring in major western markets will come predominantly from Asian-headquartered companies enjoying double-digit growth, predicted Prentice.

Low-growth projects and the increasing industrialization of IT in western organizations will limit staffing demand, noted the Gartner executive. This could be a chance for Asian companies with higher growth to take advantage of the opportunity to expand into these markets, by increasing their onshore presence through local IT hiring, he added.

Source:http://www.zdnet.com/it-nearshoring-to-pick-up-in-2013-7000010672/

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IT Has Become a Business Obstacle

January 17th, 2013

IT is in crisis. IT organizations cannot deliver solutions at the speed demanded by changing business conditions, new regulations, and operational innovations. CIOs recognize this: the majority of them say they “can’t implement fast enough to meet business goals”1 – their top obstacle for IT support of the business. This reflects the impatience of CIOs and their business partners with the current level of IT performance.

IT is too slow, too complex, and too far behind in introducing new technologies that can help the business meet its objectives. Business units are responding to IT as an obstacle by relying on their staffs to process information, reducing their need for IT support. The Corporate Executive Board reports2 that “IT employees will account for a smaller percentage of total employees …. and that more IT is being done, formally or informally, within the company but outside [the] IT function.”  Shadow IT in business units bypasses IT, grows at the expense of IT, and provides departmental rather than enterprise solutions.

Business unit shadow IT work adds to the already large number of information silos, conflicting values and definitions of data, and ever-more-complex data manipulation and integration challenges that exist in every business. In other words, shadow IT, including SaaS solutions, adds more and more software and information silos that increase IT complexity.

It does not need to be this way! This article will describe the core problem driving the crisis in IT and explore the nature of the IT crisis and the challenges it presents. Part 2 of this series will describe how IT can overcome the IT crisis and become a business enabler.

The Core Problem

The core problem of the IT crisis is the way IT solutions are built, installed, and modified: application by application, with little regard for simplifying information silos and resolving associated data issues and inconsistent rules. This application by application approach uses methods and tools that are not much evolved from what they were decades ago. Yes, today we have the Internet, mobile devices, smart devices, and new programming languages and IT tools. But the way an IT solution is developed for any technology, old or new, is the same: software architects, engineers, and programmers are tasked to design, build, install, or modify an IT solution or business application.  Unlike much business work, IT tasks have not changed for decades.

Two major challenges, and several supporting factors, must be addressed for IT to cease being an obstacle to the business.  These are:

  • Gathering accurate business requirements. The process of eliciting and documenting requirements of business users for an IT solution is flawed and unreliable. “Most survey participants believe that the business is usually or always out of sync with project requirements (78%)” with 88% of business participants believing this. And “75% of [survey] respondents admit that their projects are either always or usually “doomed right from the start” with 82% of business participants believing this.”3 With survey results like these, is it any surprise that the business is doing more of its IT work outside of IT?
  • The time and resources required to deliver an IT solution or application. IT solutions continue to be hand-crafted in an age when other aspects of business are incorporating automation, standardized designs, and assembly-line manufacturing.

The supporting factors that contribute to these challenges and help make IT an obstacle to the business are:

  • Focus on specific platforms. An IT solution focuses on a specific platform, such as IBM/Linux, HP/Windows, Apple/iOS, or some combination of computing hardware and operating system software. This has resulted in a hodge-podge of mixed technologies that supports a range of IT solutions and fills corporate data centers. The  hodge-podge creates redundancies and inconsistencies in business data and rules that further complicates IT’s ability to deliver IT solutions. The platform focus of IT solutions is a major reason that IT work is manual.
  • Tying an IT solution to a specific platform. An IT solution is limited to the technology for which it is developed – technically, this means the solution is “tightly coupled” to the platform; that is, a change in the underlying platform for the IT solution cannot be made without physically changing the IT solution.  This is true even for software that supports multiple platforms – while much of the software may remain the same, the versions made for different platforms are not interchangeable. Thus, platforms become central to decisions about IT solutions because they may limit the solution options available to meet a business need.

  • Tying the business to a specific platform. Similarly, the business is tightly coupled to the IT solution – a change in the business cannot be made without physically changing the IT solution. This is because the user interface, data, and rules are embedded in the solution and don’t exist separately from it, requiring a physical change to the solution for any change to the UI, data, or rules.
  • Focusing on a platform, not the business itself. IT solutions, or business applications, become the focus of IT – keeping them working, moving data between them, and increasing their capabilities within the constraints of existing solutions take precedence over understanding and improving a business’s operations or processes. A focus on the IT solution and all it entails contributes to problems with gathering business requirements because attention is not fully on the business, its operations, and improving its effectiveness.

This, then, is the IT crisis: the inability of IT to implement business solutions quickly with the resources available.  For IT to stop being an obstacle to the business, IT must rethink and change the way it operates. But first, IT must confront what I call the IT “hodge-podge” – the IT operations resulting from the challenges and factors discussed above.

The IT Hodge-Podge

Consider the operational and technical complexity IT deals with today – a wide variety of applications that duplicate functions, data, and business rules, written in a variety of programming languages that employ a range of transaction and data management technologies to integrate application operations and information.

I call this accumulated complexity the IT hodge-podge. A driving factor in this complexity is the way that technology evolves when new technologies get incorporated into business processes and business operations. New technology coexists with legacy technologies already in place. Consider this technical framework representing the range of solutions, applications, technologies, and more that IT supports and uses to support business processes and operations:

CIO Magazine calls this accumulated complexity Moore’s Flaw, recognizing that accommodating technology change is not simple and does not occur at the rate of change described by Moore’s Law, popularly interpreted as a doubling of technical capability (processing power, data storage density, transistors per integrated circuit, and so forth) every 18-24 months. For IT, “Keeping up with this flood tide [of technology] quickly becomes too difficult (and costly) for anyone to manage.“5

As an example, consider a recent technology change confronting IT: mobile devices. The paradigm a user of mobile devices operates by is: “Present the data I need when I need it, no matter where I am, where the data is, or what application I’m using.” This includes, as an example, the seamless integration between apps on the mobile device, such as linking directly into a map, phone, or browser application. Like it or not, the mobile experience is setting user expectations that contrast with the often frustrating experience users get from existing IT solutions.

This frustration is a consequence of the past 50 years of IT in business: a focus on applications, a focus that has driven IT away from enterprise data governance and information management. We now live in a world where one can ask, “Why can’t IT make my business applications as easy to use as those on my smartphone or tablet?”

Smartphones, social media applications, and more are transforming the way we live our lives. Yet in business we are stuck in the remnants of our past, as short as that past might be, and its legacy of numerous fragmented business applications and data. This cannot go on if we are to transform IT and make IT into an organization that enables the business.

Changes IT Must Make

IT cannot continue down the never-ending path of increasing and ever-changing technical complexity. “Business today requires rapid responses to changing business needs” according to Bruce Moore, Global Managing Principal of Business Consulting, RCG Global Services. “These rapid responses require quick assessment of the impact of change on the business and the systems that support it. Unfortunately, business processes are not well documented and existing documentation’s alignment with the business and its systems leaves much to be desired.”

Fundamental changes are required to transform IT:

  • Business solutions need to be defined in purely business terms – these include business legal entities, goals, organization units, functions, processes, process actions, use cases, data, rules, user interface, and other aspects of business operations that define a business structure and its operations. Bringing these components of a business solution together make it into a business design.
  • The business design must include management and manual actions – not only operational actions supported by or performed through automation. The representation of the business is visual for easy understanding. “Having a visual representation of a business operation,” according to Moore, “makes it clear, easy to understand, and easy to maintain when changes occur. The representation is the documentation.”
  • Each aspect of a defined business operation must be unique and non-redundant– this applies software engineering principles such as a single point of truth (SPOT) for data and “don’t repeat yourself” (DRY) for rules.  It also provides an objective foundation for governance of business data and rules.
  • The business design must be validated for completeness and consistency – this means the business design includes a detailed specification of the inputs, outputs, and operation of an IT solution. The detailed business design must be able to be validated as a consistent and complete specification for building the IT solution.

Each of these elements must be presented in business terms and specify a component of the business solution independent of the technology platform, DBMS, and programming language on which the solution will be implemented.  Technical implementation choices must be decoupled from the business design. Such an approach to delivering IT solutions will eliminate the IT crisis and remove IT as an obstacle to implementing business and operational changes.

There is a new technology that eliminates problems with eliciting business requirements by using computer-aided software to capture complete and consistent business requirements in business terms that can be validated for completeness and consistency. Complete and consistent specifications can then be used to computer-generate and deliver a custom IT solution instantly.

Think of this as instantaneous electronic outsourcing that reduces the time from a specification to a usable application from months to minutes. This technology builds on BIprinciples such as clarity of data definitions to avoid semantic confusion, consistent application of business rules, governance and oversight, and more, and is available from InfoNovus Technologies ( www.infonovus.com ).

Focusing so completely on the business, how it operates, the data it uses, the business rules, the user interface, and so forth, rather than existing applications and platforms, will be a major change for IT professionals. The biggest change, however, will be this: delivering a business design is all that IT will need to do to deliver an IT solution.

A New Paradigm for IT

Achieving a transformation is not simply a matter of performing the work of delivering IT solutions differently.  It is focusing on business operations completely and using technology to perform technical tasks.  IT can focus on business design rather than software development.

A business design that is complete and consistent is equivalent to an IT solution. Using technology, a well-defined business design can be used to generate business application software  and eliminate the time and effort required for application architects, software engineers, or programmers to deliver the solution.  In other words, it is possible to have IT solutions delivered instantly! This means a business design is congruent with its application software when this is enforced by technology. Another way to think of this is that the documentation, when implemented by technology, is the software.

The business design does not tightly couple the IT solution to the business it supports. However, while the IT solution does remain coupled to the underlying technology platforms it uses, this coupling is not problematic because the application software can be computer generated instantly. Therefore, a change in underlying technology can be performed easily by regenerating the application for the new platform, without significant manpower, time, or cost. This means programming is disposable and easily redone rather than maintained. Maintaining a business design keeps IT involved with the business rather than with programs, technology platforms, databases, and so forth.

To succeed with this new paradigm requires technology that allows IT to capture business designs, validate them for completeness and consistency, and generate complete applications, including database schema, application software, and management and governance. New technology can replace the common IT tools used to support management and control of infrastructure, databases, applications, and application work products produced by architects, engineers, and programmers.

The time it to begin this transformation to a paradigm of business design is now. Part 2 of this article will describe how IT can transform itself, overcome the IT crisis, and become a business enabler.

Source:http://www.b-eye-network.com/view/16787
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Infosys scouting for chief to head BPO business

January 11th, 2013

Software services major Infosys today said the company has started the process of finding a new chief executive for its BPO business in view of Swami Swaminathan’s approaching retirement in July.

“We have retirement policy at the top echelons. Swami will be retiring somewhere in July. So we have to find the next CEO. We have started our process in this regard,” Infosys BPO Head V Balakrishnan told reporters here.

When asked as to who would replace Swami, Balakrishnan said, “Once the company decides on the issue, we will let you (media) know.”

Swaminathan, who has over 30 years of experience in multiple roles including general management, finance and accounting, assumed charge as the CEO and Managing Director of Infosys BPO in January 2010. Before that, he was senior VP and head of global delivery and horizontal practices.

Change in leadership roles at Infosys is a common practice. The company had moved B G Srinivas and Ashok Vemuri to other verticals in February last year. Srinivas was shifted from the manufacturing and engineering business to head the company’s financial services and insurance vertical, while Vemuri shouldered Srinivas’ responsibility.

The then Chief Financial Officer V Balakrishnan stepped down from the post to take up responsibility of leading BPO and India business space at the time of July-September quarter results.

Also Rajiv Bansal, Vice-President (Finance), assumed charge as the new CFO from November last.

Over the last two years, the IT firm has been undergoing a management transformation, with founder chairman N R Narayana Murthy retiring in August 2011. Some top executives like T V Mohandas Pai, too, moved out in the same year.

Source:http://economictimes.indiatimes.com/tech/ites/infosys-scouting-for-chief-to-head-bpo-business/articleshow/17983608.cms

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‘Outsourcing Strengthens Your Business’ Claim Le Tigre Enterprises

December 4th, 2012

Some businesses can be reluctant when thinking of outsourcing certain departments to another company, but Le Tigre Enterprises has found that those who do outsource are now reaping the rewards. By outsourcing their sales and marketing departments to companies such as Le Tigre Enterprises in Cork many businesses have found that their costs have been dramatically reduced, they are able to grow faster, can reach more areas, and have increased profits. For many businesses the costs of training and hiring a strong in-house sales team are very high, and a lot of time and effort has to be dedicated to getting the sales and marketing department up and running. It can be a long and arduous process for many businesses, and the difficulty in finding good quality people that are able to relocate to office headquarters can be a large set-back to the quality of the department. A simple solution to this problem for many businesses is to outsource their sales and marketing departments to companies such as Le Tigre Enterprises.images

By outsourcing their sales and marketing to Le Tigre Enterprises businesses are able to dramatically reduce their overhead costs, save a lot of time and effort, and as a result are able to focus on other important aspects of growing their business. Outsourcing is also a way to reach areas that are not normally accessible from the main office. By outsourcing their sales and marketing businesses can rapidly expand their customer base and gain access to customers from all over the country and from places they wouldn’t normally be able to reach. Ronan O’Connor, Managing Director of Le Tigre Enterprises, says “At Le Tigre Enterprises we specialise in high quality face to face customer acquisitions and retention. What this means is we go out and get our clients new customers, whatever way they ask us to do it. We provide a superior service, and we treat our clients brand like it’s our own. When looking for an outsourcing company the most important consideration is finding someone who will represent your brand well. It’s an important decision to make and will have a big impact on the overall success of the campaign.”

The main concern that business owners have when considering outsourcing is the quality of the service provided. Choosing the right company to represent their brand is very important, because outsourcing means that another company has the businesses brand in their hands. Le Tigre Enterprises believes that the best outsourcing companies are well presented, have a high level of customer service, and follow a structure and system that has proven results. The advantage of outsourcing is that businesses gain access to the strength and knowledge of the best experts in their industry. Outsourcing the sales and marketing department also means that the business has another company dedicated to representing their brand well and increasing their customer base. This combined with the advantages of reduced costs, faster growth, and increased profits is the reason why many businesses are now including outsourcing in their business model. Le Tigre Enterprises believes that having another company dedicated to increasing your sales and getting more customers is the best way to strengthen your business.

Le Tigre Enterprise Ltd are hired by businesses who wish to improve efficiency through outsourcing specialists in sales. If you are looking to grow rapidly while ensuring your brand is represented professionally, Le Tigre Enterprise Ltd could be the right service for you.

Source:http://world.einnews.com/247pr/317983

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NI leaders on business mission to China

November 12th, 2012

While visiting Shanghai and Hong Kong, Peter Robinson and Martin McGuinness will be promoting trade, investment and tourism.

The politicians will also be building on existing university links as well as encouraging research partnerships in China.

Enterprise Minister Arlene Foster, of the DUP, and Agriculture Minister Michelle O’Neill, of Sinn Féin, are also taking part in the trip.

First Minister Peter Robinson said: “After hosting the visit of Chinese State Councillor, Madame Liu Yandong earlier this year we want to further develop relationships with China and build on existing trade, investment, tourism and university links to grow our economy.

“Northern Ireland has a lot to offer the Chinese market with world-class universities, a highly educated workforce and high performing businesses,” the DUP leader added.

“Our growing reputation in global markets for quality products and services, combined with a skilled and flexible talent pool is attracting global names in financial services, IT, Legal Services and outsourcing.

“Our indigenous industries from engineering, food, IT, life sciences, construction, transport, aerospace and renewable energy share a commitment with the Executive to create wealth through developing overseas trade and partnerships.”

Deputy First Minister Martin McGuinness said: “We are visiting China at a time when our businesses are enjoying unprecedented success in international markets and competing globally in innovation and creativity across a range of sectors.

“Our local companies in the life sciences, technology, construction machinery and food sectors are already actively selling their products in China.

“We want to build on those strong connections as well as showcasing our tourism offering to the Chinese market,” the Sinn Féin minister concluded.

Source:http://www.u.tv/News/NI-leaders-on-business-mission-to-China/fc9aef14-539d-4470-a538-ed19bb0ceb43

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