Attendees to Discuss their Experiences and Share Best Practices for Portfolio Management and Offshore Outsourcing in China and India
E5 Systems, Inc., a US-based application outsourcing company with wholly-owned software manufacturing centers in the United States, China and India, announced today, that on Tuesday, November 4th, it is hosting an intimate roundtable for CIOs, IT executives and other industry leaders to discuss research trends and best practices around application management and offshore outsourcing.
The research, entitled "CIO Application Management and Outsourcing Report," was conducted with the goal of helping companies understand the processes of categorizing and managing its application portfolio to make strategic decisions on the right types of applications to be outsourced offshore, insourced, consolidated or retired, onshore and offshore teams, places to outsource to, and the associated cost and value. The report outlines best practices that will aid businesses to optimize their current systems and reallocate resources to better serve the systems that support their core business.
Leading the discussion will be Gordon Brooks, President and CEO of E5 Systems, who explained that "businesses are more and more often tasked with doing three things at once - continuing to develop new, strategic applications while maintaining their current applications and cutting costs on top of it. Our research helps to shed some light on what CIOs and IT executives are facing, and the steps many have taken to alleviate these challenges."
For the past eight months, E5 Systems has conducted surveys and met with more than 50 CIOs about issues surrounding application management and outsourcing. The types of industries represented include financial, healthcare, retail, publishing, entertainment, computer and manufacturing, among others. Based on annual revenues, participating companies range from Global 2000 to Fortune 10 businesses. The participants' annual IT budget median is approximately $150 million.
"IT executives are constantly tasked with investing in strategic initiatives while identifying ways to cut costs," added John McGregor, CIO of Sweetheart Cup, who will speak at the event, sharing his experiences and perspectives on these issues. "By identifying which applications are vital to an organization and need to remain in-house, and which should be outsourced, IT executives can effectively manage their portfolio and reallocate resources to more strategic business needs."
Event Information
The event will be taking place at the Tower Club in Vienna, VA, on Tuesday, November 4th from 5:00 - 8:00 p.m., with a cocktail reception to follow. All attendees will receive a complimentary Application Management Outsourcing Report that highlights key findings from the research, as well as best practices, offshore strategies and future application management trends. If you are interested in attending the event, contact Joanna Bolles at jbolles@e5systems.com.
Findings
Some key sample findings of the research include:
The research, entitled "CIO Application Management and Outsourcing Report," was conducted with the goal of helping companies understand the processes of categorizing and managing its application portfolio to make strategic decisions on the right types of applications to be outsourced offshore, insourced, consolidated or retired, onshore and offshore teams, places to outsource to, and the associated cost and value. The report outlines best practices that will aid businesses to optimize their current systems and reallocate resources to better serve the systems that support their core business.
Leading the discussion will be Gordon Brooks, President and CEO of E5 Systems, who explained that "businesses are more and more often tasked with doing three things at once - continuing to develop new, strategic applications while maintaining their current applications and cutting costs on top of it. Our research helps to shed some light on what CIOs and IT executives are facing, and the steps many have taken to alleviate these challenges."
For the past eight months, E5 Systems has conducted surveys and met with more than 50 CIOs about issues surrounding application management and outsourcing. The types of industries represented include financial, healthcare, retail, publishing, entertainment, computer and manufacturing, among others. Based on annual revenues, participating companies range from Global 2000 to Fortune 10 businesses. The participants' annual IT budget median is approximately $150 million.
"IT executives are constantly tasked with investing in strategic initiatives while identifying ways to cut costs," added John McGregor, CIO of Sweetheart Cup, who will speak at the event, sharing his experiences and perspectives on these issues. "By identifying which applications are vital to an organization and need to remain in-house, and which should be outsourced, IT executives can effectively manage their portfolio and reallocate resources to more strategic business needs."
Event Information
The event will be taking place at the Tower Club in Vienna, VA, on Tuesday, November 4th from 5:00 - 8:00 p.m., with a cocktail reception to follow. All attendees will receive a complimentary Application Management Outsourcing Report that highlights key findings from the research, as well as best practices, offshore strategies and future application management trends. If you are interested in attending the event, contact Joanna Bolles at jbolles@e5systems.com.
Findings
Some key sample findings of the research include:
- Flexibility/agility was the number one CIO requirement for sustaining a long-term application management relationship.
- 67% of respondents could not define application management spending areas compared to the overall annual IT budget. In most cases, percentages were provided for existing systems versus hard dollar amounts for new application development.
- 48% are seeking sustainable lower cost alternative sourcing countries.
- 85% say that they will source application management offshore within the next five years.
All CIOs have either outsourced applications (mainly new development) in the past or are considering outsourcing. - 72% of respondents believe that application management should be integrated during the strategy phase; however, only 22% of respondents actually have acted on this belief-and those who did have only done so on certain application development.
- 63% of companies primarily outsource in India but are seeking alternative sourcing countries.
- Respondents reported the lowest scores on pure offshore firms' communication skills, business skills and project management capabilities.
About E5 Systems
E5 Systems is a US-based application outsourcing company focused on strategically aligning the who, what and where of application management to meet customers' business needs. With wholly-owned software manufacturing centers in the United States, China and India, E5 Systems helps companies maximize the value and mitigate the risks of global application outsourcing. For more information, please visit us on the World Wide Web at E5 Systems, Inc. or contact us at 781-768-5556.
PR Newswire
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