Great Outsourcing Data From CIO Insight
CIOInsight, like its sister publication Baseline, does some really nice research. I dare say that some of it beats the stuff coming from some of the analyst firms.
In the 03.2007 issue, they ran a piece titled "Expect the Unexpected" (see: www.cioinsight.com). I will not add any editorial comment to their stats. I will just identify some of the interesting factoids they presented in their research on IT outsourcing.
- 67% of executives say domestic outsourcing costs as much as in-house work. 43% of executives believe offshore outsourcing costs as much as in-house work.
- Half or more of executives say outsourcing projects have been successful regardless of whether they were completed via on-shore or offshore resources
- the percentage of IT budget spent on outsourcing varied from 18-30% depending on company size
- the number of companies planning to outsource continues to rise with 40% expected to do so this year
- simultaneously, in-sourcing is also on the rise
- 68% of survey respondents believe that outsourcing is over-rated as an IT cost-cutting strategy
- 53% of respondents use outsourcing to free up staff time to work on other initiatives
This document is several pages long and warrants a review by anyone selling or exploring the use of outsourcers.
Job well done CIO Insight.
Comments