By Tarun George
How often do you think of the province of British Columbia, Canada, as a destination of choice for the ICT industry? Especially when compared to Silicon Valley to the south, the likely answer is: Not much. But all the indicators are pointing to BC’s emergence as a tech and design hotspot, albeit facing stiff competition from other North American locations, all vying to attract investment and big name companies.
Members of the third annual Nearshore Americas Power 50 Ranking – announced here today – demonstrate the real character of this emerging, chaotic and scrappy young industry. The ranking, which is the result of a five-month nomination and review process, strives to bring to light the spark and inspiration that powers the Nearshore business community. The list is remarkable for several reasons.
New York, NY (PRWEB) March 07, 2013
For four years in a row, the U.S. has declined in global competitiveness rankings. The decline is part of a larger problem that many U.S. business leaders are increasingly worried about: If Washington can’t work out its problems how can I as a business leader find innovative human capital and technology solutions to make my business more competitive?
This is one of the central questions being addressed at the 2013 Nearshore Nexus executive conference, where business leaders come together to assess how to improve efficiency, accelerate technical innovation and gear their businesses to be globally ready. The Nexus conference is designed to generate business-specific knowledge and dialogue about the opportunities, risks and advantages of developing strategic relationship in Latin America and the Caribbean.
Keynoting Nearshore Nexus is well-regarded New York Times columnist Joe Nocera, who will deliver …
Nearshore Nexus – the premiere conference for the exploding world of Latin America and Caribbean IT innovation and accelerating business process services – is returning to the New York City area on April 24 and we’re extending a special offer for IT, procurement and sourcing decision-makers to join us!
Nexus is calling on outsourcing ‘buyers’ (corporate or small business executives in IT, finance, procurement, or sourcing) to participate in this very special, very exclusive conference. We are offering a 25% ‘early bird’ discount for buyer executives. Go here to request an access code invitation to Nexus, and we’ll process your request. (Buyer executives can come from any nation in the Americas, or from any other part of the world, for that matter.)
Going on its third year of operation, Nexus is specifically designed to harvest the best ideas and brightest opportunities …
By Luke Bujarski
Canada’s financial services sector has been getting a lot of attention these days, particularly as America’s banks struggle to rebuild their brands after the mortgage crisis and subsequent recession. Toronto in particular has come out on top as North America’s second largest financial services hub, outpacing Chicago in employment growth. Nearshore Americas dug up some key data points and spoke with Brad Duguid, Ontario’s Minister of Economic Development and Innovation, to see what’s under the hood of Toronto’s successes (and challenges) in the industry.
BY STAFF REPORT
US technology giant IBM has a struck deal with a Canadian business consortium to set up a global delivery center in Halifax generating about 500 new jobs for local community.
The delivery center is expected to provide application development and support services to manage and transform IT systems for local government departments, businesses and universities.
Reports say it is the first IBM center of its kind in Canada.
The decision to set up the delivery center follows IBM’s agreement with the Government of Nova Scotia and a business consortium called Nova Scotia Business, Inc.
The ten-year contract will see IBM provide its SAP application management services to Nova Scotia’s Core Competency Centre (CCC) and Health Administrative Services Program (HASP).
Interestingly, IBM has agreed to take on board all 74 government employees who are currently managing these services.
“These employees will have an opportunity to grow and expand their highly valued skills within Nova …
The Nearshore Americas team is proud to announce our panel of judges for the 2013 edition of the Power 50 Awards.
The Power 50 – the prestigious annual review of the most influential executives in outsourcing in the Americas – is expected to feature many new names and faces, reflecting the wide and deep expansion of Latin America-centric outsourcing.
By Clay Browne
Low population growth coupled with an aging workforce and relatively few young people pursuing a technical education has led to a boom in IT offshoring from Canadian firms. IDC Canada reports that over 50 percent of Canadian companies they surveyed this year were outsourcing at least 10 percent of their IT infrastructure-related tasks, up from 45 percent of companies in 2011 and less than 25 percent a decade ago.
CGI Group’s acquisition of Logica for $2.6 billion suddenly thrusts the company to a more prominent role among multinational consultants doing business in Latin America. The one edge CGI appears to bring to the table are solutions focused on improving the efficiency of tax collection – a notorious problem that widely afflicts governments in the region.
Source: Financial Post
Canadian companies are now 30% less dependent on exports south of the border than they were a decade ago, and if Canada’s economy wants to avoid a U.S. recession the best bet is to keep that trend going, according to a new report from CIBC World Markets.
Canadian exports to the United States have slipped to pre-NAFTA levels, with emerging markets picking up the lion’s share of the slack.
“You’re a Canadian company stuck with capacity that used to go to the U.S., but you still have to do something with it. The key message for Canadian CEOs is this is now a necessity, not just a nice-to-have,” Benjamin Tal, deputy chief economist with CIBC World Markets, said Monday. “In the past diversifying into emerging markets was a bonus but now it’s a matter of survival.”
This is key, as it also suggests that Canadian corporate balance sheets …