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The Relationship Between Technology And Social Development

The Relationship Between Technology And Social Development

          
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About the Book

. Is outsourcing influencing in an economic downturn to finance sector in the short term? Is the finance sector's renewed change for outsourcing just a temporary cost-cutting measure? Will today's economic climate initiate long term financial and productivity gains? Whether what are benefits and disadvantages of outsourcing finance sector IT. I shall demonstrate why outsourcing open source software support and maintenance can be a good choice to start. Firstly when company plans to budget cuts expenditures, IT outsourcing is often the first choice. For example in 2003 year, Zurich Financial services' sprawling IT department consisted of more than 7,500 employees. After posting a record loss of 3.4 billion the year before, Zurich decided to cut down on in those staff and outsource nearly half of its IT work. Outsourcing has successfully cut costs by 45 percent and cut the number of in house IT staff by 60 percent. Here are some of the benefits that companies enjoy when they outsource information technology functions to competent, reliable vendors.In fact, it can be too expensive to maintain, company's own information technology, especially during a recession. Fortunately, many IT functions can be easily and efficiently outsourced, positively impacting individual company's bottom line. Employee costs are much higher than just salary and benefits, keeping employees happy, productive and busy takes time, effort and money. Although, many IT staffs will be dismissed, it will increase the unemployment ratio in societies. But, moving an IT service out of house means financial organizations don't have to worry about technology refresh costs in the future. It also cuts down on human resources requirements, specialist IT service provides which can provide the newest technologies and deliver quality service more than company itself in house information provides are the most effective to develop and implement and upgrade their clients' software or the launch on a new platform, due to the expert's time is wasted on day-to-day duties for whose other IT outsourcing demand clients.


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Product Details
  • ISBN-13: 9798721003219
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Height: 280 mm
  • No of Pages: 106
  • Series Title: Social Science
  • Weight: 267 gr
  • ISBN-10: 8721003211
  • Publisher Date: 12 Mar 2021
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 6 mm
  • Width: 216 mm


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