Animation to revive India?
India's current outsourcing share of the global market for animation and gaming industry is less that 10% as compared to the corresponding share in the IT and business process outsourcing (BPO) industry, which stands at 51%, writes Business Standard.
A study on India's Animation, Broadcasting and Gaming industry by Deloitte hopes that the industry, which derives majority of its revenues from outsourcing, will grab greater share of this increasing outsourcing pie.
Moreover, the study shows, as the economy moves out of tough times, animation houses in India would take the initiative to develop the in-pipeline high budget, high quality movies and animation content
HCL wins $100m BPO deal
HCL Technologies has won a $100 million deal for its BPO unit, says Money Life.
According to the report, the BPO unit of the company was running into losses and the company is trying to 'rejig' the business model and move away from voice-based services. HCL expects to turn the HCL BPO unit profitable in next five to six quarters.
The company had earlier said the BPO business will continue to make losses for the next five quarters.
Bank warned on outsourcing
Australian banking regulator APRA has written an open letter to the financial services industry, urging executives to view cloud computing as a new form of outsourcing or offshoring that requires the regulator's tick of approval, states IT News.
The rise of cloud computing has - as formerly expressed by CSC chief technology officer Bob Hayward - "caught the regulator by surprise".
Earlier this year the regulator stepped in to apply pressure on one wealth management firm that had endeavoured to migrate its CRM system to Salesforce.com, hosted in Singapore.
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