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Is Outsourcing the Answer in an Economic Downturn? Outsourcing Support for Open Source Scripting Languages Perl, Python and Tcl in the Finance Sector

by on Jan 30, 2010

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It’s no surprise that outsourcing is on the rise, especially in the finance sector that was ...

It’s no surprise that outsourcing is on the rise, especially in the finance sector that was
hit so hard by last year’s economic meltdown. Financial organizations are tightening their belts by sending more work outside company walls. In the last quarter of 2008,
the combined value of outsourcing contracts in the finance sector reached a whopping
$3.6 billion.1 The lion’s share of those contracts went to IT projects, according to
Information Age. Analyst firm IDC predicts that banks will continue to trim IT costs in
2009 by outsourcing more IT.2

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Is Outsourcing the Answer in an Economic Downturn? Outsourcing Support for Open Source Scripting Languages Perl, Python and Tcl in the Finance Sector Is Outsourcing the Answer in an Economic Downturn? Outsourcing Support for Open Source Scripting Languages Perl, Python and Tcl in the Finance Sector Document Transcript