CLOSE

'Outsourcing for Success' Business Breakfast

Late in Q4 of 2012, BMIT organised a business breakfast at the Hilton Portomaso in collaboration with GO Business. The event included a panel discussion and centred upon one premise - an outlook onto the world of successful outsourcing.

While outsourcing is often perceived mainly as a cost cutting strategy, this is often a mistaken attitude to adopt. In fact, in today’s hugely interconnected world, outsourcing should be focused upon giving your company a competitive edge using the advantages which outsourcing brings about.

2013 may very well be a watershed year for outsourcing. Increasingly over the past few years, outsourcing has been recognised as a key tool in obtaining better knowledge management and enhancement as well as better cost planning.

Essentially, the central argument for outsourcing follows the logic of the automotive and energy industries. While we all use both cars and electricity, none of us build our own cars or power stations, and this with good reason;

  • the costs are prohibitive
  • the maintenance is economically unfeasible
  • and highly specialised areas such as cars and energy are best left to the specialists.

Additionally, by outsourcing, a company is allowing itself the capability to rapidly react to changes in the business without incurring huge delays or monetary losses.

The panel featured Alan Alden (Kyte Consultants), Dr Tonio Fenech (FFF Legal), Markus Golder (GO plc), Ivan Refalo (Playmobil) and Christian Sammut (BMIT) and their discussion during the breakfast meeting was animated and included various moments of brilliant insight.

In the end, seven key take-aways with regards to outsourcing were identified, including:

  • having clear goals set
  • ensuring a ‘dream team’ is in place
  • careful timing
  • considerations to scalability
  • finding the right partner for the job at hand
  • a singular vision
  • and the importance of clearly internal communication.

All the opinions and especially these 7 key insights which were shared during the panel discussion were later expanded into a document which is freely available from BMIT’s website. Get a FREE copy now.

read next

Is your data safe enough?

Dale Schembri - April 11, 2019

In Verizon’s 2018 breach investigation report, over 65% of network intrusions were a result of hacking or social engineering attacks. So what can businesses do to protect against hackers’ attempts at accessing their data? When it comes to best-practices for online security, two-factor authentication (2FA) and multi-factor authentication (MFA) are always brought to the fold. […]

Read More

Cybersecurity risks within the financial sector

Dale Schembri - March 15, 2019

The financial services industry is undoubtedly going through a major shift, driven by the fintech wave of new products, operators and ways of doing business.  Accounting for shifts in technology, laws & regulations and global realities can be quite a daunting and time-intensive task. Taking a step back and reflecting on your long-term challenges and […]

Read More

Watch: Christian Sammut's interview at ICE 2019

Dale Schembri - March 6, 2019

Christian Sammut, BMIT's CEO discusses BMIT's recent announcements related to the €10m investment in a Tier 3 data centre, the strategic partnership with Microsoft and the recently-launched Backup-as-a-Service Solution. Watch the full interview below:

Read More
twitterfacebookbarslinkedinangle-downphone-handsetmap-markercrosschevron-leftchevron-rightcross-circle