New Beginning for US Oil & Gas Sector and the Role of Global Sourcing

As one of the most capital-intensive industries in the world, the oil and gas sector requires continuous investments to maintain and grow reserves in the face of accelerating depletion rates from the world’s known oil fields. Oil and gas companies that fail to renew their resources on a continuous basis suffer from a diminishing market value and possible obsolescence if their reserves run dry.

Platform BPO and its Impact on Outsourcing

Platform BPO is also known as Business Platform as a Service (BPaaS) or Business Process as a Utility (BPU) and is essentially an end-to-end process management service hosted on cloud. Platform BPO provides an alternative to legacy outsourcing that has been coming under pressure in the current volatile economic scenario due to its inflexible contracting structure, lack of innovation and want of business value addition. Platform BPO can be viewed as a union of Software as a Service and Infrastructure as a Services for an entire Business Process.

The Next Frontier of Global Sourcing

Managed Engineering Services are an exciting new offshore outsourcing opportunity, especially for India. Based on current demand patterns, the market is expected to grow better than 40 percent over the next five years. However, increasing resource constraints need to be addressed quickly through privately funded education and training programs to ensure the promise of this growing segment is kept.