As the New Year is welcomed in, you will no doubt be wondering what the future is holding in store for the economy and your business. You may even be wondering if this year is the right time to consider venturing into outsourcing part of your business or a new project you have planned.
Outsourcing has come a long way in the past decade and a lot of us are marvelling at how much it has revolutionized the way we work. There are several things that we can anticipate about this industry in terms of changes, improvements and growth in 2012.
On top of the list is cloud computing. It has been said that cloud computing is steadily gaining popularity and a lot of people and companies are venturing into this space. It is predicted that this year, cloud computing will reach the pinnacle of its growth - or at the very least, the start of it. Applications will be developed to support this new industry as business owners begin to invest in it. In particular, the private cloud is expected to progress in 2012. The industries that are predicted to benefit most from this include finance, retail and manufacturing. This growth is not limited to businesses and enterprises alone. Individual consumers are also predicted to take advantage of this new application.
The next prediction involves IT spending. In 2011, businesses were very cautious about their spending. The same is expected to be true for this coming year. With the continuing economic turmoil in Europe, companies will likely continue to be ‘penny pinching’ with their spending. This is not to say that they will not be investing at all. It is just that it will be approached with more caution and strategy than ever before. So for service providers, expect some serious negotiations to happen. In particular, the spending may be concentrated on centralizing functions and vendors to minimize costs and risks.
On a brighter side, emerging economies are something positive that we can expect in the outsourcing industry. It will give clients more choices for quality service as developing countries start expanding their specializations and concentrating on deepening their expertise. The strength of their economies due to the financial contributions from the outsourcing industry will encourage respective governments to support the industry to even greater extents. This support will lead to better service, greater investments and higher quality output from service providers. Competition will be fierce, however, as providers compete to get the attention of clients who have limited IT budgets.
These predictions have emerged from the state of global economy and industry when 2011 ended. As we face 2012, we arm ourselves to protect against the negative predictions and continue to be hopeful for a progressive year for the outsourcing industry.
For further information please contact:
Bruce Mills
Joint CEO & Director
3W IT Consulting | IT Contracting
Free Call: 1300 857 773
P: +61 7 3897 3009 | F: +61 7 3102 6280 | E: bruce.mills@3w.com.au | W: www.3w.com.au
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