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Thursday, September 16, 2004

Largest outsourcing deal called off via WSJ

J.P. Morgan Ends Accord With IBM. Technology Will Return To Being Done In-House;Pact Had $5 Billion Value.It provided for some technology to be bought as services "on demand," or as they are needed, a concept IBM has heavily promoted as more efficient for companies than buying their own gear and running the operation themselves.Jamie Dimon, the bank's chief operating officer and its designated heir to the corner office, has made clear that he thinks technology infrastructures can convey a competitive advantage and the combined entity shall have sufficient strength to run the IT infrastructure by itself. IBM said that it would continue to support J.P.Morgan in a big way. Clearly, drivers for outsourcing and drivers for business efficiency and competitiveness need to be aligned - dramatic reversals like this goes on to prove that even in big corporates, with changing business environments, outsourcing or far reaching decisions shall be driven by certain amount of shifting perceptions. J.P.Morgan shall be rehiring close to 4000 employees to run its infrastructure!!

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Sadagopan's Weblog on Emerging Technologies, Trends,Thoughts, Ideas & Cyberworld