Downtrends of Information Technology

The global IT markets’ slowdown is ramping up the competition to a maximum extent and proving that some of the IT majors have began working on cost plus minimum margin models. The cut throat competition prevailing in global IT and ITES markets is providing ample opportunity for small and developing countries to host the dozens of office establishments in their deep interiors. In fact the global markets are thoroughly restructuring their working style by extracting the majority of the work from the fewer and most talented but cost effective employees. One of the covered but known truths is that newly hosting countries of IT majors are still importing the learned brains from developed or developing countries by paying the premium packages.

Some of the Asian tourist destinations including Malaysia, Thailand, and Singapore are hosting major IT players’ off shore locations and competing for offshore and outsourced projects along with other developed or developing countries. Some of the experts also opine that the IT or ITES downtrend has also provided ample opportunity to many islands to shape them selves as the future IT hubs. As a result of the global IT downtrend, some of the business processing and knowledge processing outsourcing providers are entering into innovative offerings including strategic cost cutting planning’s through data or cost analytics services. This will also reveal the story behind the screen that in spite of huge losses occurring to IT majors is being turned into huge revenues of other tiny players. The best way to describe the situation is “create a specific service that seem to be attracting to your customer and can fetch huge revenues to you”