Over the last four decades, outsourcing has morphed as business models evolved, technology advanced and competition for resources and expertise expanded.
In its infancy, outsourcing gained market traction in the data center (information technology outsourcing or ITO) focusing on IT cost savings and staff augmentation. This was largely in response to rapid IT infrastructure changes and staff shortages. Organizations were enabled to quickly adopt new technologies and expand business automation and integration capabilities.
During the 1990s, through the Y2K and dot-com frenzies, outsourcing provided resources to meet aggressive organizational plans. At the same time, expanding technology capabilities linked onshore and offshore resources virtually and created networked organizations.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.