| > | | | | challenger in the index of relative economic freedom. |
| | | | As reported by the Heritage Foundation, the change |
| Given the recent political and economic instability in | | | | has been nothing short of amazing. In 2000, Armenia |
| India, where is the world going for outsourcing and | | | | ranked 84th in relative economic freedom. As of late |
| offshoring alternatives? | | | | 2008, Armenia ranked 28th — ahead of |
| A few key players (and some familiar ones) are | | | | European powerhouses Spain (31st) and France (48th) |
| emerging as leaders in the arena. | | | | and just behind Sweden at 27th. |
| Outsourcing: A love / hate relationship for U.S. I.T. | | | | Hong Kong ranked #1 on the list for 2008, with the |
| professionals. Ask the average employee in any I.T. | | | | U.S.A. at #5. |
| organization, and hearing about fear of jobs going to | | | | The appraisal of economic freedom is based on 50 |
| India and China is almost unavoidable. Although many | | | | economic indicators within the following categories: |
| have started the move toward business service | | | | capital flow and foreign investment; financial systems; |
| management (BSM) to address the chaotic labor | | | | monetary, budget, and trade policies; salaries and |
| trends, I.T. labor itself still consumes over one-third of | | | | prices; government interference in the economy; |
| I.T. budgets. This figure is perfectly in line with a | | | | property rights and regulations; and black markets. |
| recently published Gartner report stating that 37% of | | | | Many outsourcing experts are finding a presence in |
| the typical I.T. budget goes directly to personnel | | | | Armenia quite successful for many of their clients and |
| costs. What are you as the CIO going to do to | | | | partners. The cooperation offered by the Armenian |
| manage this frenzied situation? Is outsourcing, or | | | | government to ease immigration and visa restrictions |
| offshoring, the answer? | | | | for executives and other technical employees traveling |
| How can you outsource your operations to a foreign | | | | between Armenia and the United States has been a |
| country and still maintain compliance with best practice | | | | huge advantage to many, and this is compounded by |
| frameworks such as ITIL or MOF? How do you | | | | great satisfaction with the talent pool offered by this |
| maintain Sarbanes-Oxley, PCI, or HIPAA compliance | | | | European country. |
| when utilizing 100% offshore resources with far less | | | | Having a stable presence in Armenia is but one |
| control? | | | | example of alternatives to the current Indian instability. |
| Almost everyone in the I.T. sector has at least one | | | | There are numerous other alternatives as well, and |
| story about various operational tasks being | | | | diversification is going to be the keystone to success |
| offshored to India, and no call-center, network | | | | over the next few years. |
| operations center (NOC), or infrastructure team has | | | | As pointed out by one CEO, ...the logical approach |
| been immune to rumors of jobs going offshore. No | | | | for today’s global economy is to diversify. |
| longer are the cities of Mumbai and Delhi simple | | | | Many of my contacts who previously invested heavily |
| manufacturing hubs and suppliers of raw materials. | | | | in Indian resources are already asking for new |
| The country is home to some of the largest corporate | | | | alternatives, and we believe the best approach is to |
| call centers and development centers in the world. In | | | | simply avoid the old cliché of putting all the eggs |
| late 2005, the Indian outsourcing workforce numbered | | | | in one basket. |
| 350,000 individuals. That total is now estimated at | | | | Singapore has emerged as another destination of |
| well over 800,000, with many new positions going | | | | choice, with an extremely stable economy and |
| unfilled due to the lack of qualified candidates. | | | | government as well as strictly enforced laws on |
| Eleven years ago this month, USA Today published an | | | | intellectual property rights. Perfect English is widely |
| article titled Can political instability be eliminated in | | | | spoken, and the country is considered one of the |
| India? Looking solely at the news of the past six | | | | top-five technical innovators in the world. |
| months, the answer to that question is an obvious NO. | | | | Originally founded as a British trading colony in 1818, |
| The trend toward a twenty-first century India has not | | | | Singapore joined the Malaysian federation for a short |
| fostered the sort of sweeping political change one | | | | two years ending in 1965. Now completely independent, |
| might expect from the world’s most populous | | | | Singapore is undeniably one of the most prosperous, |
| democracy. Moreover, the unwillingness of the Indian | | | | diverse, and cosmopolitan destinations in the world and |
| government to more robustly combat intellectual | | | | has a per capita GDP greater than that of many |
| property theft is the stuff that causes your legal team | | | | leaders in Western Europe. |
| to lose MANY nights of sleep. | | | | |
| Recession has made its way to India as well. The 4 | | | | In 2006, the World Bank rated Singapore as the |
| December 2008 issue of The New York Times ran an | | | | most business-friendly economy in the world. |
| article discussing the wave of outsourcing firms scaling | | | | Immediately behind London, New York, and Tokyo, |
| back their daily operations in India due to the unhealthy | | | | Singapore is the fourth largest foreign exchange |
| global financial climate. As of this week, the Indian | | | | trading hub in the world. |
| rupee is at a record low. | | | | The country is home to three major state |
| | | | | universities: The National University of |
| India makes a strong case as the global back | | | | Singapore, Nanyang Technological |
| office, yet it has failed to produce an environment | | | | University and Singapore Management University, |
| supporting front-office operations such as product | | | | resulting in a literacy rate over 93%. The island nation |
| innovation and corporate strategies. The prevailing | | | | accomplishes it all with a geographic size only three |
| thought of the past 5 years has been that Indian | | | | times that of Washington, DC. |
| outsourcing firms are masterful in the art of efficiency | | | | The Philippines and U.S.A. share not only a very similar |
| and product development measures. What about | | | | legal system but the English language as well. |
| now? | | | | Companies in the legal sector consider this fact |
| On 7 January 2009, Indian stocks took a nosedive in | | | | especially attractive. Once a U.S. colony, the Philippines |
| the wake of announcements by Satyam Computer | | | | has a workforce that is already familiar with many |
| Services that corporate profit summaries had been | | | | legal factors not readily obvious to those in countries |
| inflated for several years. The announcement by | | | | with less of a seasoned relationship with the United |
| Satyam’s chairman and co-founder that he had | | | | States. |
| directly falsified accounting documents on an ongoing | | | | A few facts about the Philippines: |
| basis has thrown the entire Indian outsourcing industry | | | | - Population of 91,000,000 as of 2008 |
| into dramatic turmoil. As a provider of back-office | | | | - 550,000 college graduates per year on Average |
| services for many of the largest banks and healthcare | | | | - Educated labor pool of Over 30,000,000 |
| institutions in the world, the result of the SATYAM | | | | - Entry-level I.T. salaries average $2500$8000 |
| crisis is nothing short of devastating. | | | | USD P.A. |
| | | | | - Top-quality CBD real-estate costs average $17 |
| By Friday, January 9, 2009 news sources were | | | | PSF |
| reporting that interim CEO Ram Mynampati does not | | | | - 95% literacy rate |
| have faith that the firm can continue past the next | | | | - English as a primary language |
| few weeks. Mynampati stated they were working to | | | | One of the topthree law firms in the world relocated |
| find the liquidity to pay current employees, suppliers, | | | | their entire network operations center from Chicago to |
| and creditors. | | | | Fort Bonifacio, Manila, in 2003. That operation has since |
| | | | | grown much larger, also encompassing legal operations |
| In less than a week, the crisis has crossed the Pacific | | | | and software development. |
| Ocean and hit U.S. shores. Auditing giant | | | | From 1997 to 2008, companies such as Citibank, Fluor, |
| PricewaterhouseCoopers is expected to pay a hefty | | | | IBM, Convergys, Telus, HSBC, Dell, JP Morgan, |
| price for the emerging fraud. The auditor has been | | | | Siemens, and Deutsche Bank have all opened major |
| responsible for Satyam financial oversight for over | | | | offshore facilities in the Metro Manila area of the |
| eight years, and Satyam investors are expected to go | | | | Philippines. |
| to court in attempts to recoup losses. According to | | | | More than just a country filled with call centers, the |
| legal sources from within India, most are likely to attack | | | | Philippines is home to dozens of offshore operations |
| PricewaterhouseCoopers directly rather than Satyam. | | | | involving network operations, wireless services, energy, |
| The tragic events of November 2008 in Mumbai | | | | shipping and logistics, legal and medical transcription, |
| clearly show that the concerns go much deeper. Over | | | | finance and accounting, and software development. |
| 200 people were killed in the attacks, and the entire | | | | The country is now recognized by some as the top |
| central business district in Mumbai ground to a halt for | | | | destination of choice in Southeast Asia. In 2006, the |
| several days, resulting in billions of dollars in lost | | | | country generated in excess of $3.0 billion in |
| labor. Within one week of the attacks, five | | | | outsourced operations, and that figure is expected to |
| high-profile Indian cabinet members were forced to | | | | more than double by the end of 2009. The Philippine |
| resign. On 1 December, TIME magazine posed the | | | | government has targeted a global market share of 8 |
| question Will India’s Government Survive the | | | | to 10% in the O&O market by 2011. |
| Mumbai Massacre? | | | | Regardless of where you go, there is no single best |
| Many companies are selecting alternate destinations, | | | | answer to every situation. When looking for that |
| and some trends show an actual migration OUT of | | | | trusted advisor to help you make your next |
| India to other knowledge-rich environments such as | | | | outsourcing, offshoring, development, or infrastructure |
| Singapore, The Philippines, Armenia, Pakistan, and | | | | decision, you need a firm with the knowledge, process, |
| various Latin American countries. Companies | | | | devotion, and proven direction to make it a success. |
| requiring less interaction with the public (for example, a | | | | Only by in-depth knowledge of your core business can |
| software development center) may select destinations | | | | any firm help in an effective O&O engagement. You |
| where English is not the primary language, or in some | | | | need a firm that endeavors to understand and |
| cases, is not a language spoken at all. Companies | | | | optimize how the process will enhance not only the I.T. |
| building public-facing operations such as helpdesks or | | | | department, but all other business units as well. |
| call centers are being forced to reconsider earlier | | | | |
| decisions, and many are moving to more | | | | O&O will continue to gain momentum over the next |
| English-centric countries like Taiwan and the Philippines. | | | | few years, regardless of what happens in the Indian |
| Key players are making a strong case for themselves | | | | subcontinent. The recent events in India and the |
| as these trends develop. In the Western Hemisphere, | | | | surrounding territories are but a small stumbling-block to |
| Costa Rica and Peru have marvelous records of | | | | an ever-evolving global business model. |
| rock-solid software development and high customer | | | | |
| satisfaction ratings. In Europe, Armenia is emerging | | | | Businesses today realize that three very important |
| as a major powerhouse and model of efficiency. In | | | | factors have emerged in the outsourcing and |
| Asia, many are discovering that the almost-perfect | | | | offshoring industry: |
| English spoken in Taiwan and the Philippines combined | | | | - O&O cannot and should not be based on the one |
| with some labor costs equal to or less than those in | | | | size fits all methodology anymore. Diversification |
| India make each a destination of choice. In fact, the | | | | is the key. |
| November 30 edition of The New York Times | | | | - Every situation is different. |
| Magazine featured a four-page article touting the | | | | - Unless you are prepared to invest in learning foreign |
| viability of the Philippines as a premier outsourcing | | | | tax and H/R systems, unfamiliar holidays, unique |
| destination. | | | | infrastructure, governmental regulations, and possibly a |
| While China, Russia, and Korea have fantastic talent | | | | few foreign languages, you NEED a trusted advisor on |
| pools, the labor cost and in some cases difficulty | | | | your side. |
| dealing with local and national governments make them | | | | Companies and their investors who spent the billions of |
| less attractive to some U.S. based companies. | | | | dollars (and thousands of man-hours) building |
| While being one of the lesser-mentioned yet more | | | | outsourced operations based solely in India have found |
| historically colorful European countries, Armenia is a | | | | that trying to separate the technology from the actual |
| virtual strongbox of extraordinary talent. As | | | | business process is not only foolishit is futile. |
| mentioned by the CIA World Factbook, 18% of | | | | Outsourcing and offshoring can provide limitless |
| Armenia’s current population is under the age of | | | | possibilities, but they must be done with precision , care, |
| 15, meaning the talent pool is poised for huge growth. | | | | and proper distribution. |
| Armenia declared independence from the former | | | | Rather than outright withdrawal from offshoring |
| Soviet Union on 21 September, 1991 and is now a | | | | operations, now is the time for diversification. |
| bastion of political stability (a particularly attractive | | | | There is timing in the whole life of the warrior, in his |
| factor for the O&O industry). A healthy GDP | | | | thriving and declining, in his harmony and discord. |
| real-growth rate of 13.7% makes Armenia one of the | | | | Similarly, there is timing in the Way of the merchant, in |
| top producers in the EU. | | | | the rise and fall of capital. All things entail rising and |
| Additionally, Armenia is rapidly becoming a major | | | | falling timing. You must be able to discern this.. |