THE WHATIS.COM WORD-OF-THE-DAY September 12, 2003 offshore outsourcing
________________ SPONSORED BY: Microsoft The Quick Guide to Windows Server 2003. Get the latest information on installation, new features and training. Click here! http://WhatIs.com/r/0,,18205,00.htm?microsoft ________________ TODAY'S WORD: offshore outsourcing See our complete definition with hyperlinks at http://searchcio.techtarget.com/sDefinition/0,,sid19_gci924479,00.html Offshore outsourcing, a type of business process outsourcing (BPO), is the exporting of IT-related work from the United States and other developed countries to areas of the world where there is both political stability and lower labor costs or tax savings. Outsourcing is an arrangement in which one company provides services for another company that could also be or usually have been provided in-house. Offshore simply means "any country other than your own." The Internet and high-speed Internet connections make it possible for outsourcing to be carried out anywhere in the world, a business trend economists call globalization. In general, domestic companies interested in offshore outsourcing are not only trying to save money in order to be more price-competitive against each other, but also to enable them to compete with businesses in other countries. Critics of offshore outsourcing worry that if too much IT-related work is farmed out to other countries, home-grown IT talent will "dry up." They point out that once a company begins outsourcing overseas, they will find it difficult to reverse the trend and justify paying more in salaries, taxes, and job benefits for the same work they used to outsource. Proponents maintain that the judicious use of offshore outsourcing will help make all IT workers become more productive and allow companies to develop more agile and responsive business models, which in turn, will raise salaries for domestic workers in all countries. According to the IT research and analysis firm Gartner, by the year 2004 more than 40% of IT-related businesses will either be investigating the possibility of offshore outsourcing or will have already shipped some IT-related work overseas. ______________________ RELATED TERMS: outsourcing http://searchcio.techtarget.com/sDefinition/0,,sid19_gci212731,00.html globalization http://searchcio.techtarget.com/sDefinition/0,,sid19_gci925944,00.html _____________________ SELECTED LINKS: SearchCIO.com has a collection of annotated Web links about offshore outsourcing. http://searchcio.techtarget.com/bestWebLinks/0,289521,sid19_tax293939,00.html Ed Parry interviews Gartner representatives about the "irreversible megatrend" of offshore outsourcing. http://searchcio.techtarget.com/qna/0,289202,sid19_gci913695,00.html SearchCIO.com has a Featured Topic called "Top outsourcing advice." http://searchcio.techtarget.com/featuredTopic/0,290042,sid19_gci918260,00.html ______________________ TODAY'S TECH NEWS: TURNAROUND TIME ON NEW RPC WORM COULD BE SHORT Security experts said previous flaws in Windows Remote Procedure Call could facilitate creation of a new worm exploiting additional flaws in RPC revealed on Wednesday. http://searchsecurity.techtarget.com/originalContent/0,289142,sid14_gci927358,00.html ORACLE WON'T UP ANTE FOR PEOPLESOFT Oracle Corp. Executive Vice President Charles Phillips told reporters at OracleWorld that Oracle is unwavering in its determination to acquire PeopleSoft and its coveted customers, but the company won't raise its bid. http://searchcrm.techtarget.com/originalContent/0,289142,sid11_gci927320,00.html SD 2003: MICROSOFT ANNOUNCES FILE-BASED STORAGE OS Windows Storage Server 2003 made waves at the Storage Decisions conference Wednesday, and every name in the industry was on board with new hardware and software support. http://searchstorage.techtarget.com/originalContent/0,289142,sid5_gci927372,00.html >> Catch up on all the latest IT news at http://searchtechtarget.techtarget.com/ _____________________ Quiz #42 | E-business trends and technologies Take our latest quiz to test your knowledge about e-business vocabulary. >> Click to take the quiz http://whatis.techtarget.com/definition/0,,sid9_gci926124,00.html ______________________ Secret Word-of-the-Day | What is IT? HINT: These are a digital circuit's elementary building blocks: AND, OR, XOR, NOT, NAND, NOR, and XNOR. >> See if you're right! http://searchoracle.techtarget.com/gDefinition/0,294236,sid41_gci213512,00.html ______________________ September IT Horoscopes | Horoscopes for geeks Having a bad week? Maybe it's in the stars! See what the future holds for the month of September. ;-) http://whatis.techtarget.com/definition/0,,sid9_gci919205,00.html ______________________________ RECENT ADDITIONS AND UPDATES [1] Monte Carlo method http://whatis.techtarget.com/definition/0,,sid9_gci922393,00.html [2] Direct Outward Dialing http://searchnetworking.techtarget.com/sDefinition/0,,sid7_gci922158,00.html [3] Cygwin http://searchenterpriselinux.techtarget.com/sDefinition/0,,sid39_gci922130,00.html [4] DIME http://searchwebservices.techtarget.com/sDefinition/0,,sid26_gci921975,00.html [5] jumper http://whatis.techtarget.com/definition/0,,sid9_gci212430,00.html ____________________________________________________________________ ::::::::::::::::::: WHATIS.COM CONTACTS ::::::::::::::::::: LOWELL THING, Site Editor ([EMAIL PROTECTED]) MARGARET ROUSE, Associate Editor ([EMAIL PROTECTED]) IVY WIGMORE, Assistant Editor ([EMAIL PROTECTED]) ::::::::::::::::::::: ABOUT THIS NEWSLETTER :::::::::::::::::::::: This newsletter is published by TechTarget, the most targeted IT media. http://www.techtarget.com Copyright 2003 TechTarget. 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