What are the forecasts for outsourcing? Data from IDC and Meta Group shows that 60% of midsize companies outsource their HR functions, including related IT systems. The Forrester Research consulting firm has predicted that, in the next 15 years, 3.3 million U.S. service industry jobs and $136 billion in wages will move offshore to countries such as India, Russia, China, and the Philippines. Don’t miss the boat.

What kinds of projects are usually outsourced? In theory, it’s possible to outsource any IT project, even database administration. In practice, businesses usually prefer to keep network and database administration in house and to outsource such projects that would allow them to concentrate on their core activities. This is true for outsourcing both to domestic and offshore vendors.

Why outsource IT projects? IT outsourcing is a most effective way to stretch your budget. If you need to have state-of-the-art IT solutions worked out and innovations implemented with less losses, outsourcing may be the only way out. Cutting your costs and upgrading the quality of the services you offer will allow you to concentrate on your core activities and expand the competitive capacity of your business.