The term outsourcing, which came from the phrase outside resourcing, originated no later than 1981.
Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity that is or could be done internally, and sometimes involves transferring employees and assets from one firm to another.
IT outsourcing is the use of external service providers to effectively deliver IT-enabled business process, application service and infrastructure solutions for business outcomes.
Outsourcing, which also includes utility services, software as a service and cloud-enabled outsourcing, helps clients to develop the right sourcing strategies and vision, select the right IT service providers, structure the best possible contracts, and govern deals for sustainable win-win relationships with external providers.
Outsourcing can enable enterprises to reduce costs, accelerate time to market, and take advantage of external expertise, assets and/or intellectual property.
Since the last two decades, companies are evolving around the technology and almost all of them are aware of the benefits of Information technology. Since the last 10 years, we have been experiencing exponential growth in IT. No matter whether it’s a mid-size organization or an enterprise level company, all are aware of the benefits of deploying IT infrastructure into their premise.
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