||Barbara Hall (IDC)
| ||Mark Schrutt (IDC Spokesperson)
IT Offshoring is expected to contribute C$24B to the Canadian economy by 2018, according to the latest figures released today by International Data Corporation (IDC). The Economic Impact of IT Offshoring on Canada: An Executive Viewpoint, the first of its kind, measures the economical impact of IT offshoring on Canadian employment, compensation, productivity and the country's technical innovation and competitiveness in an increasingly global economy.
“There are multiple sides to the IT offshore debate, yet prior to this study, there had been limited research done in this area,” says Mark Schrutt, Research Vice President, Services & Enterprise Applications at IDC Canada. “IDC Canada set out to quantify the economic impact of offshoring on Canada and begin a fact-based discussion that we hope will contribute to organizations’ strategic decision making on outsourcing and offshoring, while assessing the future impacts that it will have on the Canadian IT industry.”
IDC's research on the economic impact of IT offshoring found that:
Offshoring is a very sensitive topic and has only recently received more airplay in the Canadian press and boardrooms across the country. The results of the study set the baseline for future quantifiable, fact-based findings that will further the ongoing discussion of offshoring's place in the Canadian IT industry.
|Mark Schrutt||QUOTE ATTRIBUTABLE TO MARK SCHRUTT AT IDC CANADA|
"IDC’s research found that employment and productivity generated by IT offshoring contributed to the Canadian economy to the tune of C$11 billion by the end of 2013. We further project IT offshoring to add an additional C$13 billion to the Canadian economy in the next five years," says Mark Schrutt, Research Vice-President, Services and Enterprise Applications.
Please contact Mark Schrutt, or alternatively, Ask IDC, to arrange an interview and/or for additional quotes.
ABOUT THE IDC RESEARCH
The Economic Impact of IT Offshoring on Canada, Part 1 (IDC# CA12SSC14) is the first of a two-part series on the economic impact of IT offshoring on Canada. The first part discusses our methodology and the second part discusses IDC Canada's results. To accomplish this, IDC looked at a number of elements that were grouped into three factors, namely, jobs or employment, cost and productivity, and innovation, which includes globalization, higher education, and the Canadian IT industry itself. Offshoring sparks many fears including jobs, immigration, corporate, and social responsibility. While offshoring has been part of the Canadian business landscape for decades in areas such as manufacturing, it wasn't until 2013 that the Temporary Foreign Worker Program (TWFP) brought it to the front pages and made headlines for the 6 o'clock news in Canada.
The Economic Impact of IT Offshoring on Canada, Part 2: Facts, Figures, and Questions to Consider (IDC# CA13SSC14) is designed for analysts, researchers, and industry experts who are looking for quantitative findings and discussion around the economic impact of offshoring. Over the past decade, IDC has identified the increasing usage of offshoring, the benefits users were seeing from offshoring, and the extensive skills gap or capacity challenges Canadian CIOs are working under, but the ultimate economic impact of offshoring on Canada has been unclear.
IDC’s Economic Impact of IT Offshoring on Canada: An Executive Viewpoint (IDC# CA4EMC14) is a summary of IDC's two-part series on the economic impact of IT offshoring on Canada.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1,100 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. For more than 50 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.
Follow us on Twitter: @idccanada
Copyright © 2014 International Data Group. All Rights Reserved.
|This email was sent by: %%Member_Busname%%|
%%Member_Addr%%, %%Member_City%%, %%Member_State%%, %%Member_PostalCode%%, %%Member_Country%%
If you do not wish to receive this update, please respond with the word "Unsubscribe" in front of the original subject line of this email.
If your web or firewall settings prevent you from properly viewing the attached links, please respond with the word "Text Only" in the subject line.
Update Profile We respect your right to privacy - click here to view our policy.