The Global IT Industry

Table of Contents Introduction IT Services Industry Trends Pressure in outsourcing Growth potential Emerging areas of growth Conclusion Works Cited The global IT industry continues to show growth year after year, with the software market expanding at a whopping 8% per annum. The convergence of hardware, software and services is creating new markets, and we are witnessing a global paradigm shift from hardware to software.Advertising We will write a custom essay sample on The Global IT Industry specifically for you for only $16.05 $11/page Learn More It is anticipated that the IT services industry will expand along with the IT industry. In 2012, the IT services market will likely see a slowdown in demand from traditional IT services such as consulting and system integration, while cloud computing and convergence services should create new demand. Meanwhile, in the outsourcing market, cost reduction and operating efficiency are likely to be emphasized, while demand for business process and application outsourcing should increase (Roy 3). Introduction IT services companies are faced with global economic challenges with growth projections tempered by reticent stances in large developed markets such as North America and Western Europe, while focusing on fast growing economies such as China, India and Latin America. Gartner forecasted a 7.4% growth in overall IT Services spending from $793 million in 2010 to $851.6 billion in 2011. It also predicted increased software support over a multi-year period, between 2010 and 2015, with a compounded annual growth rate (CAGR) of 7.2%, followed by consulting at 5.8%, process management at 5.1%, development and integration at 4.9% and IT management at 4.8%. Over this same timeframe, hardware maintenance and support is expected to grow the slowest with a forecasted CAGR of 3.3% (KPMG, Quarterly Update for the IT Services Industry 1). IT Services Industry Trends Gartner indicated that there is inc reasing usage of specialized cloud based services, provided by a variety of cloud providers, which will increase the ability to aggregate, integrate, govern and customize disparate cloud offerings based on the needs and preferences of their customers. In addition to this, Gartner indicated that the need for governments in developed countries to achieve cost savings owing to budgetary constraints increase has resulted in pushing IT service providers to offshore low cost locations. The quarterly TPI Index displays trends on BPO and IT outsourcing and contract spending by regions and industries. The IT Outsourcing Total Contracting Value (TCV) for the third quarter of 2011 was estimated at $11.3 billion, representing quarter-over-quarter and year-over-year declines of 8.0% each (KPMG, Quarterly Update for the IT Services Industry 2). Pressure in outsourcing Strong pricing pressure is being exerted by buyers on outsourcing and other third-party service providers, though leading provider s are typically able to hold their own and avoid unprofitable deals. Some of the leading global business and IT service providers include: Accenture, Capgemini, Cognizant, CSC and Infosys (KPMG, KPMG Sourcing Advisory 4Q11 Global Pulse Survey 3).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Most of the service providers (61%) indicated that the growth levels in their pipelines for service deals cited a 15% drop in growth over the past quarter of 2011, with only 45% of the providers projecting an increase in the pace of customer demand for business and IT services over the next one to two, which is a drop of 14 percent from last quarter and 29% from 2Q11. Chart 1: service providers: new deal pipeline projections (KPMG) Growth potential BPO has been affected by evolving trends, which include: consolidation of vendors (CRM), slippage in deal size (FA), and shift to alternative services lik e BPU; resulting in lower transaction deal size. As for the ITO, the forecast has been lowered to 2.9% growth in CY12 (earlier 4.1%); however, there are growing evidences of vendor churns on accounts of better ROI, innovation and compelling pricing through off shoring. Gartner projects 16-21% revenue growth in USD terms for Indian IT companies largely driven by volume traction (Roy). The growth of individual companies in off shoring is dependent on a few factors including: the company’s size and market position, which is an important barometer since large IT services providers with leading market positions have an advantage over their competitors in terms of experience, talent pool, project knowhow, funding capabilities and client preferences; stability of the business structure, which requires a captive customer base, therefore, preference is given to IT services firms operating under a group umbrella over stand-alone firms as they enjoy stable sources of revenues; consisten t acquisition of overseas orders; and how well the company is prepared for newly emerging technologies (e.g. IT convergence and cloud computing) (Jeong 3). Emerging areas of growth Global spending on IT services has remained stable in the first half of 2011, whereas global outsourcing is growing faster. According to International Data Corporation (IDC), the spend on IT Services is expected to grow by 4% in 2011, higher than the 2% growth rate witnessed in 2010, while global outsourcing or outsourcing to low†cost destinations such as India, China and Philippines grew by 12% (Avendus 14). Information Systems (IS) outsourcing registered the highest growth rate of 12.3% in 2010, despite the overall spend growing by just 1%, indicating the growing demand for these services (Avendus 15). This growth momentum is expected to continue in FY12 led by higher technology spend globally.Advertising We will write a custom essay sample on The Global IT Industry specifically for you for only $16.05 $11/page Learn More Large Indian IT vendors like Infosys, TCS, Wipro and HCL Tech will benefit the most from this improved demand environment as compared to the smaller IT vendors. However, issues on the supply side like salary hikes and higher attrition will have a negative impact on their profitability in FY12. Conclusion US geography has outperformed lead growth for Indian IT vendors. Improved economic environment in US and better GDP growth will boost IT spending and lead to an improvement in sentiments. Europe has lagged behind in terms of growth but is expected to do well in FY12 as companies become more open towards offshore outsourcing (Taurani 4). Works Cited Avendus. â€Å"IT Services.† India Equity Research Technology (2012): 1-27. Print. Jeong, Dae-ro. IT Services. London: Daewoo Securities, 2012. Print. KPMG. â€Å"KPMG Sourcing Advisory 4Q11 Global Pulse Survey.† Equaterra (2012): 2-33. Print. KPMG. Quarterly Update fo r the IT Services Industry. USA: KPMG, 2011. Print. Roy, Arup. Indian IT Services. Mumbai: Reuters, Thomson Publishers and Bloomberg, 2011. Print.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Taurani, Karan. â€Å"Persistent Growth Momentum.† KSL – IT Sector Update (2011). Print. This essay on The Global IT Industry was written and submitted by user Jaylee Francis to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

The eNotes Blog Seven Poetic Presidents

Seven Poetic Presidents Its voting time! In the spirit of the culmination of the presidential election tomorrow, below is a list that highlights historic presidents more poetic attributes. Ever wondered whose poetry Thomas Jefferson cozied up with? Or which past president favored the eccentric Welsh poet Dylan Thomas? Read on to find out George Washington and Phillis Wheatley He was the first president of the United State, she was the first African-American woman to publish a collection of poetry. In 1776, she sent Washington a poem that praised the generals leadership. In reply he told her that, were she ever in town, he would be happy to see a person so favoured by the Muses. Now here, now there, the roving  Fancy  flies, Till some lovd object strikes her wandring eyes, Whose silken fetters all the senses bind, And soft captivity involves the mind. Thomas Jefferson and Thomas Moore Irish poet Thomas Moore was unimpressed with President Jefferson when he met him in the early 1800s, influenced by his friend, the British Minister to the States. Moore unkindly described Jeffersons home as in a state of uncleanly desolation. But years later, when Jefferson read Moore’s poetry, he exclaimed, Why, this is the little man who satirized me so! Why, he is a poet after all! Moore became one of Jefferson’s favorite poets. I feel like one Who treads alone Some banquet-hall deserted, Whose lights are fled, Whose garlands dead, And all but he departed! John Quincy Adams and Christoph Martin Wieland Turns out sixth president John Quincy Adams fancied himself a bit of a poet. In 1816 he declared, Could I have chosen my own genius and condition, I would have made myself a great poet, though he reconciled that his own poetry was spell bound in the circle of mediocrity. He fared better in translation, attempting to translate one of his favorite poetsWielandfrom German. Adams did abandon the attempt to translate the epic poem Oberon when he came across what he felt was a better translation. As a result it went unpublished until 1940. Abraham Lincoln and Robert Burns Lincoln so admired the poetry of Scotsman Robert Burns, he actually declined making a toast to the poet at a banquet in Burns honor, saying, I cannot frame a toast to Burns. I can say nothing worthy of his generous heart and transcending genius. Thinking of what he has said, I can not say anything which seems worth saying. Lincoln committed many of Burns poems, like the one below, to memory. Ae night the storm the steeples rocked, Poor Labour sweet in sleep was locked, While burns, wi snawy wreeths upchoked, Wild-eddying swirl, Or thro the mining outlet bocked, Down headlong hurl. Harry S. Truman and Alfred, Lord Tennyson Of all of Tennysons poems, one struck a particular cord with President Truman, so much so that he carried a copy of Locksley Hall in his wallet from the time he graduated high school in 1901 onwards. The paper I copied it on kept wearing out, and I kept recopying it. I don’t know how many times, twenty or thirty, I expect, Truman reportedly told the journalist Merle Miller, adding that he had a lot more faith in poets than reporters. An excerpt of that same poem that meant so much to Truman: Love took up the glass of Time, and turnd it in his glowing hands; Every moment, lightly shaken, ran itself in golden sands. Love took up the harp of Life, and smote on all the chords with might; Smote the chord of Self, that, trembling, passd in music out of sight. John F. Kennedy and Robert Frost The words spoken at JFKs inauguration (Ask not what your country can do for you) werent the only infamous lines read out that day. On January 20th, 1961, Robert Frost became the first poet to read at a presidential inauguration. The poet planned on reading out a poem hed written especially for the occasion, Dedication, but as the bright afternoon sun bounced off of the freshly fallen snow surrounding the event, he found he couldnt read his own handwriting at the podium. The 86 year-old then recited The Gift Outright from memory instead. Such as we were we gave ourselves outright (The deed of gift was many deeds of war) To the land vaguely realizing westward, But still unstoried, artless, unenhanced, Such as she was, such as she would become. Jimmy Carter and Dylan Thomas Not only is Carter a fan of Dylan Thomas work, this former president is a great advocate for the Welsh poet. He was the impetus behind the plaque dedicated to Thomas in Westminster Abbeys Poets Corner, as well as  Dylan Thomas Centre, a museum dedicated to the poet, in Swansea, Wales. And you, my father, there on the sad height, Curse, bless, me now with your fierce tears, I pray, Do not go gentle into that good night. Rage, rage against the dying of the light. For five more presidents poetic tendencies, including President Obamas, head over to this  Poetry Foundation  article.

Information security management Essay Example | Topics and Well Written Essays - 3000 words

Information security management - Essay Example The next key element is PLAN. The Plan defines the service level agreements as per business requirements, foundation of contracts, operational level agreements, and policy statements. All these components included in the planning are based on the requirements of the business. After the completion of control and plan, the next key element is to IMPLEMENT all these components. Implementation involves creating knowledge and consciousness along with categorization and listing of assets. Moreover, personnel security and physical security related to theft is implemented. Likewise, implementation element also involves security related to network, applications and computing devices. In addition, configuration and management of access rights and contingency planning of security incident processes is also a part of this element. All of the three elements control, plan and implement lays a foundation of a structure. After the deployment of ISMS structure, the next key element is EVALUATE. The e valuation consists of internal and external auditing of the processes that are implemented in the previous three phases. Moreover, self-assessment is also conducted, along with security incident evaluation. For instance, if there is a breach in security, the security management processes ensure to deal with security incidents. The last key element is MAINTAIN. This phase frequently monitors processes including security management, new threats, vulnerabilities and risks. These elements, do not only monitors these processes, but also improve processes where required , and if there are certain processes that needs to be improved, the ISMS cycle start from the first key element i.e. CONTROL. 1.1 ISMS Scoping A good definition of ISMS is available on www.praxiom.com, defined as â€Å"An information security management system (ISMS) includes all of the policies, procedures, plans, processes, practices, roles, responsibilities, resources, and structures that are used to protect and preser ve information. It includes all of the elements that organizations use to manage and control their information security risks. An ISMS is part of a larger management system†. The goal is to protect the information of the organization itself as well as its customers. The ISO/IEC has established two standards that emphasize of ISMS. The ISO/IEC 17799 is a code for information security management. It is the framework or a system that is based on certain processes, to ensure that organizations achieve their information security management objectives i.e. ISMS. The second standard is ISO/IEC 27001 is associated with several different factors including (, ISO/IEC 27001:2005 - Information technology -- Security techniques -- Information security management systems -- Requirements): Implemented in the organization to originate security requirements and goals Implemented within the organization in such a manner that security risk management bears less cost Implemented within the organi zation for guaranteed deployment of compliance with laws and regulations Implement a process framework within the organization for deployment and management of controls in order to meet particular security objectives Defining new processes