Still looking for ’09 Predictions?

Well, what could be a clearer confirmation of outsourcing trends than a mega deal signed just before the end of the year? Infosys just signed a multi-million dollar, five-year outsourcing deal with pharmaceutical giant AstraZeneca. A brief article in InformationAge says “The deal will be seen as both an endorsement of the Indian IT industry’s viability in a downturn and a confirmation of the UK IT sector’s worst fears. The deal forms part of an operational transformation initiative that will begin in the UK, and that will see the Indian IT outsourcer provide application management services for many of AstraZeneca’s key business departments.” Well said “UK IT sector’s worst fears”… Outsourcing is here to stay; it will continue increase its market share and compete with domestic IT providers exacerbating the problems brought in onto IT sector by the economic downturn.

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