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December 11, 2006

UK Outsourcing Model Needs Change

Experts in the UK are now trying to encourage local firms to look beyond traditional outsourcing models and embrace new ideas. Nowadays, a growing number of companies are turning to outsourcing in areas such as analytical support, market analysis and financial modeling, sectors that do not have a traditional link with outsourcing. Ihotdesk.com reports:

Neeraj Bhargava, the group chief executive officer at WNS Global Services, told a meeting of leading executives that knowledge-based outsourcing revenues are set to grow to $5 billion within four years, well up from the current figure of $1.2 billion. "Outsourcing offers specialized industry and functional expertise, predictable cost and risk management and increased efficiencies," Mr. Bhargava remarked.

Read more: UK outsourcing model to see shift

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