The impact of currency fluctuations on outsourcing businesses globally

 

The impact of currency fluctuations on outsourcing businesses globally.

If you have a current offshore team in a different country/currency zone then you may find that the significant cost savings from outsourcing have vanished due to currency fluctuations that occur for reasons like earthquakes, war or oil- something which is outside the core competency of your business corporation. As off shoring companies incur cost in local currencies but gain revenue in American Dollars and Euro (mostly), they pass on these fluctuating costs to their customers but rarely pass along discounts on existing contracts. Sometimes the offshoring contract actually gains from currency fluctuations.The Indian rupee has fluctuated from  43.62 Rupees per USD (04-01-2005) to 48.58 (12-31-2008) to the current value of 44.65.This makes for a volatility component of almost 10 percentage points to the revenue and profit margins of an off shoring vendor. Inflation in India has been growing at 8.5 % and the annual increase in salaries has been around 10-15 % for the past few years. Offshoring vendors have been known to cut back on quality in recruitment when costs have risen historically, and the current attrition rate in Indian ITES is almost 17%.
This raises important questions for companies going for global bids for the offshoring contracts. Should macroeconomic indicators like currency fluctuations, wage-inflation be part of the request for proposal process (RFP). Would vendors be comfortable in disclosing the ratio of salary costs to billing revenue. Should dips in service quality be penalized by customer. Most importantly, while going in for a multi year contract, the projection of fore-casted savings may vary greatly due to extraneous factors.
(this article was originally written for and published by http://www.indiasoftwarebrief.com/ in their daily newsletter and their socail media channel- see http://www.linkedin.com/groups/impact-currency-fluctuations-on-outsourcing-3825591.S.48411960)

 

 

Viva Libre Office

WordPerfect 5.1 for DOS.
Image via Wikipedia

The Document Foundation is happy to announce the release candidate of
LibreOffice 3.3.1. This release candidate is the first in a series of
frequent bugfix releases on top of our LibreOffice 3.3 product. Please
be aware that LibreOffice 3.3.1 RC1 is not yet ready for production
use, you should continue to use LibreOffice for that.

http://listarchives.documentfoundation.org/www/announce/msg00028.html

Following is the list of changes against LibreOffice 3.3:

Key changes at a glance:

* Numerous translation updates
* new mimetype icons for LibreOffice – explained here:
http://luxate.blogspot.com/2011/01/not-even-included-but-already-improved.html
* quite a few crasher fixes

Detailed change log:

* translation updates
* Removed old/unmaintained icon themes
* Fix for https://bugzilla.novell.com/show_bug.cgi?id=664516: Don’t
use a reference or the default formula string will be changed
* Install bash completion for oo* wrappers when enabled
(https://bugzilla.novell.com/show_bug.cgi?id=665402)
* Build fix: get the stlport compat workaround working for gcc 4.6.0
* Build fix: no ddraw.h or ddraw.lib in the June 2010 DirectX SDK,
removed usage
* Windows installer: padded nologobanner.bmp, new size is 102×58
* removed gd – Gaelic, ky – Kirghiz, pap – Papiamento, ti – Tigrinya,
ms – Malay, ps – Pashto, ur – Urdu. UI localization does not exist
in these languages. So it makes no sense to ship packages.
* Build fix: pass thru PYTHON, found by configure. Will be used by
filter/source/config/fragments/makefile.mk.
* Upgraded libwpd (WordPerfect filter) to 0.9.1
* Fixed BrOffice Windows start menu branding
* Removed language code ‘kid’. kid is not Koshin, but key id pseudo
language which is good for debugging UI but should no be included
in the product
* Added ca_XV and ast language/local name and description
* Fixed incorrect page number in page preview mode
(https://bugs.freedesktop.org/show_bug.cgi?id=33155). When the
window is large enough to show several ‘Page X’ strings,
the page number was not properly incremented.
* Fixed incorrect import of cell attributes from Excel
documents. When a cell with non-default formatting attribute starts
with non-first row in a column, the filter would incorrectly apply
the same format to all the cells above it if they didn’t have any
formats.
* Ubuntu: fix for lp#696527 – enable human icon theme in LibreOffice
* Fix for https://bugzilla.redhat.com/show_bug.cgi?id=673819 crash on
changing position of drawing object in header.
* Changed OpenOffice.org to LibreOffice in nsplugin
* Added Occitan dictionary
* Added Ukrainian dictionaries
* Fix window focus for langpack installation on Mac –
https://bugs.freedesktop.org/show_bug.cgi?id=33056
* Added/modified NLPsolver translations from Pootle
* Fix for https://bugzilla.novell.com/show_bug.cgi?id=655763
* Fix for RTF export crasher
(https://bugzilla.novell.com/show_bug.cgi?id=656503)
* Use LibreOffice as product name for EPS Creator header
* Parse svg ‘color’ property (fixes
https://bugs.freedesktop.org/show_bug.cgi?id=33551)
* Use double instead of float in writerfilter import
* Build fix: use PYTHON as passed through by set_soenv.in.
* Fix for https://bugs.freedesktop.org/show_bug.cgi?id=33237 remove
debug line
* Fix for https://bugs.freedesktop.org/show_bug.cgi?id=33237 – fixes
ole object import for writer (docx)
* Fix for https://bugs.freedesktop.org/show_bug.cgi?id=33249
rename OOo -> LibO on Getting Support Page
* Fix ooxml import: handle css::table::BorderLine in addition to
css::table::BorderLine2 That means that table cell properties are
correctly set on import again.
* Fix for https://bugs.freedesktop.org/show_bug.cgi?id=33258
wikihelp: Improve the check for existence of the localized help.
* Fix for https://bugs.freedesktop.org/show_bug.cgi?id=33994 – fixes
several crashes around config UNO API
* Fix for https://bugs.freedesktop.org/show_bug.cgi?id=30879
* Fix for https://bugs.freedesktop.org/show_bug.cgi?id=32872
Implementation names weren’t matching with xcu.
* Fix: don’t pushback and process a corrupt extension
* Fix: wikihelp – do not check for existence of the localized
help. In case we do not have the help installed, it is up to the
online service to decide the fallback in case a language version is
not available.
* Fix README: change su urpmi to sudo urpmi for Mandriva section
* Fix README formatting –
https://bugs.freedesktop.org/show_bug.cgi?id=32741 – using CRLF
instead of LF on WIN platform
* Fix README: word wrap at column 75 for better readability
* Build fix: KDE3 library search order
(https://bugs.freedesktop.org/show_bug.cgi?id=32797). Use LINKFLAGS
instead of STDLIBS.
* Start using technical.dic instead of oracle.dic
(https://bugs.freedesktop.org/show_bug.cgi?id=31798)
* Build fix: add explicit QRegion* for clipRegion to fix compile of
kde backend
* Cleanup: removed obsolete m_bSingleAltPress
* Remove the menu when Left Alt Key was pressed for GTK
* Fix for https://bugs.freedesktop.org/show_bug.cgi?id=33459: use
year of era in long format for zh_TW by default
* Fix wrong collation for Catalan language
* Fix for https://bugs.freedesktop.org/show_bug.cgi?id=31271 wrong
line break with “(”
* Fix for https://bugs.freedesktop.org/show_bug.cgi?id=32561 – crash
when iterating over the database types.
* Default currency for Estonia should be Euro – fixes
https://bugs.freedesktop.org/show_bug.cgi?id=33160
* Avoid a pointless GetHelpText() call in the toolbox. Fixes
https://bugs.freedesktop.org/show_bug.cgi?id=33315. GetHelpText()
can be quite heavy, see
https://bugs.freedesktop.org/show_bug.cgi?id=33088.
* Paint toolbar handle positioned properly
(https://bugs.freedesktop.org/show_bug.cgi?id=32558)
* Build fix: move cxxabi.h after stl headers to workaround gcc 4.6.0
and stlport
* Fix for https://bugs.freedesktop.org/show_bug.cgi?id=33355
manipulate also the C runtime’s environment
* Fix for CTL/Other Default Font #i25247#, #i25561#, #i48064#,
#i92341#
* RTF export crasher
(https://bugzilla.novell.com/show_bug.cgi?id=656503)
* Fixed an infinite loop in RTF exporter
* UI: translations need more space on word count dialog, made space
for it.
* Fix for https://bugzilla.novell.com/show_bug.cgi?id=660816 improve
formfield checkbox binary export (and import)

Again a BIG Thank You!

Again whats Libre Office

What does LibreOffice give you?

Writer is the word processor inside LibreOffice. Use it for everything, from dashing off a quick letter to producing an entire book with tables of contents, embedded illustrations, bibliographies and diagrams. The while-you-type auto-completion, auto-formatting and automatic spelling checking make difficult tasks easy (but are easy to disable if you prefer). Writer is powerful enough to tackle desktop publishing tasks such as creating multi-column newsletters and brochures. The only limit is your imagination.

Calc tames your numbers and helps with difficult decisions when you’re weighing the alternatives. Analyze your data with Calc and then use it to present your final output. Charts and analysis tools help bring transparency to your conclusions. A fully-integrated help system makes easier work of entering complex formulas. Add data from external databases such as SQL or Oracle, then sort and filter them to produce statistical analyses. Use the graphing functions to display large number of 2D and 3D graphics from 13 categories, including line, area, bar, pie, X-Y, and net – with the dozens of variations available, you’re sure to find one that suits your project.

Impress is the fastest and easiest way to create effective multimedia presentations. Stunning animation and sensational special effects help you convince your audience. Create presentations that look even more professional than the standard presentations you commonly see at work. Get your collegues’ and bosses’ attention by creating something a little bit different.

Draw lets you build diagrams and sketches from scratch. A picture is worth a thousand words, so why not try something simple with box and line diagrams? Or else go further and easily build dynamic 3D illustrations and special effects. It’s as simple or as powerful as you want it to be.

Base is the database front-end of the LibreOffice suite. With Base, you can seamlessly integrate your existing database structures into the other components of LibreOffice, or create an interface to use and administer your data as a stand-alone application. You can use imported and linked tables and queries from MySQL, PostgreSQL or Microsoft Access and many other data sources, or design your own with Base, to build powerful front-ends with sophisticated forms, reports and views. Support is built-in or easily addable for a very wide range of database products, notably the standardly-provided HSQL, MySQL, Adabas D, Microsoft Access and PostgreSQL.

Math is a simple equation editor that lets you lay-out and display your mathematical, chemical, electrical or scientific equations quickly in standard written notation. Even the most-complex calculations can be understandable when displayed correctly. E=mc2.

LibreOffice also comes configured with a PDF file creator, meaning you can distribute documents that you’re sure can be opened and read by users of almost any computing device or operating system.

Download LibreOffice now and try it out today.

http://www.libreoffice.org/features/

 

Interview David Katz ,Dataspora /David Katz Consulting

Here is an interview with David Katz ,founder of David Katz Consulting (http://www.davidkatzconsulting.com/) and an analyst at the noted firm http://dataspora.com/. He is a featured speaker at Predictive Analytics World  http://www.predictiveanalyticsworld.com/sanfrancisco/2011/speakers.php#katz)

Ajay-  Describe your background working with analytics . How can we make analytics and science more attractive career options for young students

David- I had an interest in math from an early age, spurred by reading lots of science fiction with mathematicians and scientists in leading roles. I was fortunate to be at Harry and David (Fruit of the Month Club) when they were in the forefront of applying multivariate statistics to the challenge of targeting catalogs and other snail-mail offerings. Later I had the opportunity to expand these techniques to the retail sphere with Williams-Sonoma, who grew their retail business with the support of their catalog mailings. Since they had several catalog titles and product lines, cross-selling presented additional analytic challenges, and with the growth of the internet there was still another channel to consider, with its own dynamics.

After helping to found Abacus Direct Marketing, I became an independent consultant, which provided a lot of variety in applying statistics and data mining in a variety of settings from health care to telecom to credit marketing and education.

Students should be exposed to the many roles that analytics plays in modern life, and to the excitement of finding meaningful and useful patterns in the vast profusion of data that is now available.

Ajay-  Describe your most challenging project in 3 decades of experience in this field.

David- Hard to choose just one, but the educational field has been particularly interesting. Partnering with Olympic Behavior Labs, we’ve developed systems to help identify students who are most at-risk for dropping out of school to help target interventions that could prevent dropout and promote success.

Ajay- What do you think are the top 5 trends in analytics for 2011.

David- Big Data, Privacy concerns, quick response to consumer needs, integration of testing and analysis into business processes, social networking data.

Ajay- Do you think techniques like RFM and LTV are adequately utilized by organization. How can they be propagated further.

David- Organizations vary amazingly in how sophisticated or unsophisticated the are in analytics. A key factor in success as a consultant is to understand where each client is on this continuum and how well that serves their needs.

Ajay- What are the various software you have worked for in this field- and name your favorite per category.

David- I started out using COBOL (that dates me!) then concentrated on SAS for many years. More recently R is my favorite because of its coverage, currency and programming model, and it’s debugging capabilities.

Ajay- Independent consulting can be a strenuous job. What do you do to unwind?

David- Cycling, yoga, meditation, hiking and guitar.

Biography-

David Katz, Senior Analyst, Dataspora, and President, David Katz Consulting.

David Katz has been in the forefront of applying statistical models and database technology to marketing problems since 1980. He holds a Master’s Degree in Mathematics from the University of California, Berkeley. He is one of the founders of Abacus Direct Marketing and was previously the Director of Database Development for Williams-Sonoma.

He is the founder and President of David Katz Consulting, specializing in sophisticated statistical services for a variety of applications, with a special focus on the Direct Marketing Industry. David Katz has an extensive background that includes experience in all aspects of direct marketing from data mining, to strategy, to test design and implementation. In addition, he consults on a variety of data mining and statistical applications from public health to collections analysis. He has partnered with consulting firms such as Ernst and Young, Prediction Impact, and most recently on this project with Dataspora.

For more on David’s Session in Predictive Analytics World, San Fransisco on (http://www.predictiveanalyticsworld.com/sanfrancisco/2011/agenda.php#day2-16a)

Room: Salon 5 & 6
4:45pm – 5:05pm

Track 2: Social Data and Telecom 
Case Study: Major North American Telecom
Social Networking Data for Churn Analysis

A North American Telecom found that it had a window into social contacts – who has been calling whom on its network. This data proved to be predictive of churn. Using SQL, and GAM in R, we explored how to use this data to improve the identification of likely churners. We will present many dimensions of the lessons learned on this engagement.

Speaker: David Katz, Senior Analyst, Dataspora, and President, David Katz Consulting

Exhibit Hours
Monday, March 14th:10:00am to 7:30pm

Tuesday, March 15th:9:45am to 4:30pm

China -United States -The Third Opium War

U.S.troops in China during the Boxer Rebellion...
Image via Wikipedia

A brief glance through http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

shows that while US added 600 billion of debt during the past one year, the Chinese actually reduced their exposure by 50 billion Dollars.

so who has been financing the debt for the US for the past one year- It is Japan- eager to keep its currency down and United Kingdom which has pumped in an extra 300 billion of T Bills.

See the whole table at official link above or at goo.gl/qMugp

—————————————————————————————-

China still remembers the Opium Wars in which the then ruling Anglo Saxon superpower used naval superiority to enforce trade and eventual political dependency. Is China unsure of the United States brotherly nice  intentions? They certainly seem to be putting their money that way.

http://en.wikipedia.org/wiki/Opium_Wars

Britain forced the Chinese government into signing theTreaty of Nanking and the Treaty of Tianjin, also known as the Unequal Treaties, which included provisions for the opening of additional ports to unrestricted foreign trade, for fixed tariffs; for the recognition of both countries as equal in correspondence; and for the cession of Hong Kong to Britain. The British also gained extraterritorial rights. Several countries followed Britain and sought similar agreements with China. Many Chinese found these agreements humiliating and these sentiments contributed to the Taiping Rebellion (1850–1864), the Boxer Rebellion (1899–1901), and the downfall of the Qing Dynasty in 1912, putting an end to dynastic China.

———————————————————————————————-

The Koreans can always be depended on provide the first shot in any conflict- and though Anglo-US-Chinese conflict would be expensive- I guess as long as the cost of outstanding debt with China is less than cost of a brief -techno-war , we would see interesting games in this neighborhood. Note China restricts major trade with United States particularly in software, internet services (like Web Advertising, Facebook, Twitter ) and represents a lucrative market for big pharma (especially in psychiatric drugs) and big tech once it reforms its intellectual property rights. Software would be the opium of the 21st Century- if Chinese resist the Treasury Bills as their poppy flowers. The widespread Western media coverage of school kids murders by pyschopaths is also a trade tactic to encourage flow of more US made medicine in the Chinese market.

It would also help create an economic revival in the United States to exaggerate the Chinese threat (remember Sputnik) and build up its own cyber spending. Any military or cyber humiliation for the ruling party in China can help create a political vacuum for more malleable and agreeable alternatives to emerge.

(to be continued)

 

Best Internet Site of 2009

Here is the best internet site of 2009.
It basically shows how many jobs have been created per dollar spent.
Funded by the debt of American Treasuries………

Here is the best internet site of 2009.
It basically shows how many jobs have been created per dollar spent.
Funded by the debt of American Treasuries
sold to Chinese.

Remember the Chinese Opium Wars.
Well the Chinese are hooked to American Treasuries and they probably need a Warship with Admiral to open their markets and currency. Oui!

Well anyway the website is called http://Recovery.gov