11. Early Outsourcing Highlights 1830s 1830s England’ textile industry grew to the point India could not compete. Most textile work was outsourced to England. 1830s-1850s First wave of outsourcing during the industrial revolution fostered large-scale growth of domestic outsourced services such as insurance services, architecture and engineering services. 1970s-1980s Outsourcing payroll and accounting was fairly common practice for US services companies and India emerged as one of the first international providers of these business services, a predecessor of the 1980’s IT outsourcing entrance. By the late 1980’s international outsourcing, termed offshore outsourcing, had become a viable alternative for many large firm CIO’s to consider. 1830s-1850s 1970s – 1980s Early US History: manufacturing of covered wagon covers and ship sails were outsourced to Scotland, and raw materials from India.
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14. Global Country Outsourcing Index Ranking Criteria* Global Outsourcing Index (GOI) Geopolitical risk Legal risk Cultural risk Economic risk IT infrastructure risk Human capital risk Country IT competency risk Market Opportunity Rating Future Outsourcing Rank Global Outsourcing Rank Global Outsourcing Report : Opportunities, Costs, and Risks of doing business in IT outsourcing by Country. CIO Insight has ranked the top 10 Countries in the global market through weighted criteria on the left. Rankings for 2004 and forecast for 2015 are given.
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16. Future of Global IT Outsourcing According to the Gartner Hype Cycle for IT Outsourcing 2006 Report , the constant market tension between method of delivery, location of delivery and method of purchase creates new IT service opportunities for which organizations can meet changing business requirements. IT Services are a backbone of business operations globally and will remain a significant are of Global Trade. With technology innovations and new applications of technology in the future, the Global outsourcing market is expected to continue to expand. New opportunities emerge on a regular basis for both providers and buyers, however one must be aware that new outsourcing offerings and markets may take years to mature in the Global Market.