Some economists are recommending that U.S.-based companies that have sent work overseas bring it back to the U.S. They advocate for "on-shoring" or "backshoring" - not as a protectionist trade policy-but as a strategic move designed to conserve a market (namely, U.S. consumers.)
One would think cash-strapped companies would find a heavenly match on foreign soils with plentiful, cheap labor. But that would be the romantic notion and not necessarily the reality. "Companies often 'plan for the wedding, but not for the marriage,''' says Dalip Raheja, chief executive officer and president of the Mpower Group. Now that offshore outsourcing is roughly a decade old, it's time to evaluate lessons learned and tally the real costs before renewing any vows.
IT and business both understand the need to protect regulated customer and business data -- so long as they're in business, analysts say. Here's a look at how some folding businesses are falling short protecting data and the possible liabilities for the IT group and CIO.