Verizon shareholders, it is time to see savings. First step is done by Verizon by selling Yahoo;it is the right way to give breathing power to ailing business. Remove corruption by removing termites sitting at high posts.
- Outsource major IT operations to manged services.Good customer service is the foundation of any company. Outsourcing it to companies overseas allows a company to offer 24 hours availability. It will include on-demand model and control the cost substantially. T mobile(Sprint) and AT&T having its major IT work done by a managed company from more than 15 years and very successful.
When projects are outsourced, companies can give away the liability and risk associated with the task.
- Outsourcing can also improve the efficiency of business operations. If your business is more efficient it can only increase in its function. This opens the door to bigger expansion and new ideas.
- The down side to growth is the need for more things need to be done. Outsourcing to someone and allowing them to handle your back-office operations and administrative work prevents a company from investing time and energy that is needed for more important functions.
- Lower cost is one of the primary reason businesses decide to outsource. It allows the business to get the work done for a fraction of the price. It also allows a business to skip costs such as health insurance and vacation pay. Many people choose offshore outsourcing because they receive quality at a much lower price. It has been researched and on average, a company can save about 60% in operational costs with an outsourced individual.
- Move US folks from high pay areas(EastCoast, WestCoast-NY,NJ,CA...) to low pay areas of TX and FL.AT&T recently had done it and got tremendous success with it.
- When you are hiring for a business it can be a challenge to find good people with skilled expertise to do the work at a reasonable rate. Outsourcing allows companies to be free from the hassle of in house hiring while getting an expert in the field.
- There can be some challenges to the time zone difference but in the long run it has a great benefit. Even when a business is closed the work is still getting done and productivity is always moving forward. Of course it goes without saying this increase a company’s revenue if you are managing it in the right way.
Verizon India if not managed services should be made as the major hub of IT.