What are the top outsourcing success factors?
Completely new challenges are surfacing. CIOs are being forced to consider Big Data, Analytics, Cloud, Virtualization, and Social and Mobile technologies to deliver business value.
Customers are changing. Gen X is being replaced by an information hungry, mobile Gen Y. With rapid change, demand for flexibility and the urgency of real-time needs, organizations are increasing their reliance on outsourcing.
It is also clear that outsourcing, which was once a way of augmenting low-cost staff and saving costs, is now a way of finding talent, deploying technology, meeting customer needs, working with partners to increase business velocity and lower operational costs.
For those who have come late to the outsourcing party, this is a wonderful opportunity to understand the forces of globalization and embrace the phenomenon for efficiency and growth. Here are seven success factors to keep in mind.
About the Author: Ben Trowbridge is an accomplished Outsourcing Advisor with extensive experience in outsourcing and managed services. As a former EY Partner and CEO of Alsbridge, he built successful practices in Transformational Outsourcing, BPO, IT Outsourcing, and Cybersecurity Managed Services. Throughout his career, Ben has advised a broad range of clients on outsourcing and global business services strategy and transactions. As the current CEO of the Outsourcing Center, he provides valuable insights and guidance to buyers and managed services executives. Contact him at [email protected].