The Hindu Business Line : `More domain-specific work being outsourced'

US companies are sourcing industry and domain specific applications more than ever before, according to a recent survey conducted by Wipro Technologies.

The survey, administered at Wipro's Strategym Conference, held recently in New York, included data from over 80 senior management executives. The results were notable, proving that more than 40 per cent of the respondents were actively sourcing industry-specific domain solutions and another 42 per cent were piloting/researching the same with active interest, said a Wipro press release.

Specific domain/industry centric solutions that were being sourced included those in the areas of customer services (CRM, Business Intelligence); operational excellence (ERP, Supply Chain, etc.) and specialised industry solutions (RFID, Risk Management Solution, etc.)

"The findings confirm that global sourcing has now become mainstream. There is a clear indication that global organisations are actively outsourcing industry-centric business applications/processes that can sustain innovation and competitive advantage," said Mr Sudip Banerjee, President of Enterprise Solutions at Wipro.

Global sourcing is becoming vital for organisations across the world since it enhances value creation and increases competitiveness. The topic was explored in detail with over 80 senior management executives from the US end-user organisations, practitioner CXOs, industry experts and noted academicians.