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Will wearables continue to trend?

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Most people would expect that wearable tech items are showy and flashy. However, do notice that as wearable tech gadgets have gained much popularity over time, the coolest looking wearable tech devices look just like ordinary devices (e.g. watches, glasses, or accessories). 

According to Gartner, this trend will continue wherein tech wearables won’t really be noticed by people. They will be very subtle– invisible if you way. 

In the company’s report for 2015, it is forecasted that a total of 30% of the smart wearable devices won’t even be visible to the eyes by the time 2018 rolls around. As stated earlier, they will become somewhat invisible already. 

Steady growth

Wearable has already gotten into this latest trend and is now stepping into the same path. 

In fact, it looks like a small watch that has a bluetooth device in it and also a few sensors as well. They purposely made it that size in order to not attract too much attention since this is what the market seems to want from the wearable tech devices. 

According to the research director of the company Gartner, Annette Zimmermann, there are many interesting developments that have been in the pipeline already. The devices are already in the prototype stage and they are all seen to be almost invisible to the eye making them able to blend in very well with the surroundings of the user which makes it very subtle. 

In fact, there are currently smart contact lenses that are being developed at the moment, something that is rather unique for a wearable tech device. Smart jewellery are also in development along with many other smart accessories. Gartner is aiming to make these accessories have built in communication alerts and emergency alarms that are run by sensors which are good for overall security purposes. 

Gartner also predicts that there will be 25 million displays were sold off in 2018 when software issues are already dealt with. With the presence also of smart glasses, Gartner believes that their two new developments will create the perfect blend among these products. 

Gartner is also hoping for partnerships with other developers of smart tech accessories such as Google which is the company behind Google Glasses or even VR technology producers like Oculus Rift and Gear VR. Partnerships with other companies that would have tech glasses like Google and Intel will definitely be good for the new developments that Gartner would have as of now. 

In fact, Gartner has already jokingly said that they will soon have a device that looks like a really tiny earpiece or a pair of glasses that can actually check emails. No one knows exactly how that will work out, but it looks like Gartner has a lot of future plans when it comes to this line of products. Tech enthusiasts will just have to wait and see what is going to happen in the future.

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The Top-rated & Best DVD Ripper of 2021: Copy All your Discs Easily and Quickly

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What exactly is a DVD ripper? 

Brief Introduction:

A DVD ripper, as its name is depicting its main purpose that it’s basically computer software. It has the capability of converting DVD or any other Blu-Ray into some different file formats that are mostly used in everyday life, primarily in the mp4 or ISO format because these are high in demand and most compatible file formats for all hardware devices.

dvd

These DVD rippers are used to transfer videos on Digital Video Discs or simply DVDs to take back up or edit the DVD content into several other formats. It is also playing a vital role while converting a DVD video format to help them play back on different types of mobile devices and media players. With the help of DVD rippers, you can convert DVD to MP4 or any other file format.

A DVD ripping software can help to download the detailed information and data automatically from the given music database like the artist, album, movie, songs, etc. One of the amazing features that can’t be neglected is its ability to stream DVDs format to other available online video formats.

Best Video Converter – WinX DVD Ripper:

After getting an understanding of DVD rippers, let’s dive deep into the features of one of the best, top-rated, and most advanced authenticity and secure DVD rippers known as one of the free computer programs called “WinX DVD Ripper.”

Whenever you started looking for the best of all DVD ripper of all time, you will definitely see the name of “WinX DVD Ripper,” and it has become a buzzword amongst its competitors due to its advanced functionality, speed factor, versatility, and many more rich features that makes it’s a most special one.

Deep-Dive into the WinX DVD Ripper’s Fancy and Enriched Features along with benefits

  • Free DVD Ripper: most of the DVD rippers that you will online cost you more, anywhere from 50 dollars to 100 dollars or sometimes more than this. But, the most feature-rich and highly-rated ripper is the WinX DVD ripper that is completely free.
  • Liable Freeware: WinX DVD Ripper is a program that is legitimately freeware; it means they will never demand that you purchase add-ons, donate, pay for additional fees of features, stop using it after long days of no use, etc. You can enjoy this tool without watermarks at any time.
  • DVD to MP4 and Other Supporting Formats: WinX DVD Ripper is the best free DVD ripping software for transferring DVD to other digital formats while using various formats like MKV, AVI, MP4, MOV, AVC, WMV, MPEG, HEVC, H.264, etc. If you intend to have a ripped DVD to MP4 without compromising quality, you need to choose the WinX DVD ripper.
  • Video Edit: you can customize or edit your video by adding text, images, subtitles to a DVD video. You can set different properties of a video like rotate, saturation, and brightness. Editing tools are adding another superiority of cropping, trimming, speeding up/down, zooming in/out, and you can preview the source and output video too. Feels like video-editing software?
  • Acceptable DVDs: WinX is, fortunately, accepting all DVDs, including 99-title DVDs, old DVDs, TV series DVDs, region DVDs, homemade DVDs, non-standard DVDs, new release DVDs, etc. Despite these, WinX DVD Ripper gives you more power to customize output content in any way that you like. Furthermore, it can perfectly clone your entire DVD contents to DVD folders and ISO images.
  • Output Devices: it is supporting iPad, Xbox, iPad, PlayStation, and more devices.
  • Lightning-fast Speed: that time had gone when DVDs were ripped one after the other; it’s a waste of time! If you ever think about the fastest DVD ripper software, then 47X faster is considered the faster one with multiple core tech and unique level-3 hardware acceleration properties.
  • Advanced Settings: space-saving or utilization and quality are its core features. E.g., support of the high-quality engine, 80 percent space-saving after ripping the file of H.264 to 700MB instead of 8GB.

How to Backup DVD with WinX DVD Ripper

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Step 1. Download WinX DVD Ripper on your computer. Then click “DVD Disc” button located at the top left corner to load the DVD.

Step 2. Choose an output profile. Hit “Browse” to define which destination folder you want to save the DVD video to.

Step 3. Click “RUN” to begin ripping and saving copy-protected DVD movie to computer right now.

You can upgrade your free edition to another amazing mix-match called the WinX DVD Ripper Platinum program and Get WinX DVD Ripper Advanced Version with Special Offer now.

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How iPaaS Can Be Used

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Innovations are constantly being made to software applications that are improving how companies of any size can boost their workflow. By intertwining all business processes, a database can become an undeniable asset to change strategy now and benefit a company in the long run.

With an integration platform-as-a-service or iPaaS, companies can build data integration between their cloud service and on-premises applications. Let’s take a deeper look at what services like iPaaS have to offer.

What’s an iPaaS?

When looking into the developments of cloud integration and automation, there are great benefits in systems like iPaaS. iPaaS inherits the characteristics of the cloud. This allows for data sources to be properly translated in real-time, all with a simple internet connection. iPaaS provides a library of connectors that allow your applications to intermingle with one another, as well as with some for specific apps like Salesforce and some with a communication protocol. These connectors effectively work to make a central system through application integration.

An iPaaS moves data between applications, helping to transform any dataset for a specific function. iPaaS maps out data flow to both your source and target apps. This type of cloud application software not only creates a stronger workflow and balance between different environments but also monitors and manages those integrations. An iPaaS provides a web-based solution to not only solve problems but keep a level of transparency from the top down in any industry.

Using iPaaS

An iPaaS has emerged as a vital integration tool throughout this digital transformation. It can help users to exchange data between each dataset provided to a system, enhancing customer and employee experience. This also lays out the facts from artificial intelligence in plain sight, allowing for these new applications to properly migrate data from legacy systems. These cloud-based systems come with more transparency and easier access. This will bring in data from personal information from vendors to third-party providers for a more well-rounded data management system.

These iPaaS solutions help to replicate data on a regular basis for analytics and archiving. With regulated templates in these datasets, there’s greater accuracy and an ability to make important decisions on business processes in real-time. This can be formulated through multiple data sources within a warehouse, or raw data within a data lake. An iPaaS can also integrate external data from sensors into your business processes for the deployment of new strategies or products at a greater rate than you may have dealt with in years past. This middleware makes it easy to integrate smart devices to connect to networks outside of a corporate firewall.

How can iPaaS benefit your business?

iPaaS can become an undeniable asset as an integration solution. This allows businesses to be able to rely on automation to help their data management team better focus on higher-value activities. Validated connectors that are already integrated with application-specific APIs, or Application Program Interfaces. This also allows for businesses to use an iPaaS provider, and grow their companies with integration capabilities that become more vast. This greater usage rate will help to reduce the stressors on a company’s IT department while changing integrations rapidly.

 

iPaaS, through the right service provider, can modernize your industry while avoiding significant data loss. This software breaks down barriers between data silos, integrating them together at a high speed and efficiency. It also business users to properly funnel data sources to be able to use their iPaaS offerings to the best solutions for a company’s future. This not only helps people work smarter but also more efficiently than ever before. This assures greater data integrity for vital decisions for years to come.

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How Has Technology Influenced E-Commerce

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How Has Technology Influenced E Commerce

2021 has been a year of immense growth for e-commerce. The dire need for making certain things available to customers online during the pandemic has caused a rapid increase in creating solutions, which involve the heavy use of technology and innovation. Here is how technology has helped the e-commerce industry in recent years.

Mobile Phones

Mobile phones have had a great impact on the e commerce industry. With so much technological advancement, no one has the time to open their computers, go online and make a purchase. Even if you have the best online store people would rather choose convenience and buy from a store that has a mobile-friendly user interface as they can shop online when they do not have access to their laptops or computers. Mobile phones have become a necessity in our life instead of a luxury. Social media is also more accessible on mobile phone. It has also become easier for businesses to market to customers to social media.

E-Wallet

E-wallet is a good technological advancement that has given a boost to the e-commerce industry. E-wallet is a quick mode for transaction of money and allows customers to send and receive through electronic gadgets and devices. This is a quick and convenient option as compared to other forms of payment, which is the reason for its wide spread use in the US. The procedure is simple and easy, so you do not have to fret about learning a new system.

Subscription Services

E-commerce subscription services are a recent advancement that have gained popularity very quickly.  E-commerce companies offer these services to send you stuff on a weekly or monthly basis once you pay a subscription fee. Subscription services are of three types: replenishment, curation, and access. The advantage of these subscription services is that customers can try out new products instead of sticking to one. This makes it extremely attractive for customers.

Customization

With increase in technology, product customization has become easier. This is a great attraction for customers. E-commerce makes it easier for customers to customize a product according to their needs. More involvement of customers in the creation process leads to higher engagement and customer loyalty plus it becomes the driving force for innovative ideas.

Personalized Product Suggestions

With technological advancement, it has become easier to keep up with what your customer likes, dislikes, and purchases. A company can note this easily and make personalized suggestions to generate more sales. This is a win-win situation for both a company and customers. A customer does not have to go through extensive research to get what they want and a company does not have to put excessive effort to understand each customers need. The technological system has advanced enough that it can save customer details on what they have bought in the past, and what is a part of their wish list, so that they can make recommendations to customers for the future.

Virtual Reality

There were days when things like online furniture shopping could not have been imagined. However, gone are those days now. Virtual reality has allowed customers to see how certain furniture is going to look in their room. Similarly, other products like home lighting, hair care products, glasses all have made their way to the e-commerce market by allowing customers to try out and see if a certain thing complements before they finally buy it.

Better Customer Service

Customer service is an essential part of a business. With technological enhancement many e-commerce companies use cognitive supply chain management. This means that supply chains are more intelligent, predictive, and self-learning. This consequently leads to a better customer service.

Shopping While You Game

With promotional contests, giveaways, and loyalty programs shopping has turned into a game, which makes it more interesting. This has become possible because technology has allowed us to collect and manage data without the need of human interference. This also becomes motivating for customers to try new products. For example, buying a certain item may earn you points, which you can collectively redeem for something else in the future.

Voice Search

Technology has become so convenient that we can now replace typing out a certain query with a mere voice command. With Siri and Alexa, we can now just use our voices to search, browse and buy products from a website. Voice assistants are an enhanced feature that you can also use to operate your smart devices like a Smart Home Thermostat.

Final Thoughts

Technology has no doubt influenced the e-commerce industry quickly and positively. However, we should still always be careful while purchasing online as cyber security is a real issue. We should not take these advancements for granted and always make responsible use of the internet.

 

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Top 10 Tips For Beginners And Veterans – Escape From Tarkov

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Top 10 Tips For Beginners And Veterans - Escape From Tarkov

New at the legendary Escape from Tarkov? Or have you been playing it for quite a while now? In either case, a little help never hurts.

You might be unfamiliar with specific tactics that could enhance your game and make you better. But what are those? To know more about these ways to ace your game, visit Battlelog. Escape from Tarkov hack from their team is the best way to master the game. Plus, we also have these 10 tips and tricks for EFT below that you can check out!

1.  Master Maps One-by-One

Being a trader of all crafts and master of none never benefited anyone. And if you do that with Escape from Tarkov, you’ll never improve your skill. As a beginner, try not to divert your attention to various maps unless you’ve mastered one or two.

When you start playing EFT, begin by trying maps like Customs and Interchange. These maps aren’t too tricky and familiarize you well with the game. Once you’ve mastered them, move on to improving your fighting skills. But remember, learning maps one by one is the best way to become an expert.

2.  Pro-tip: Practice Offline

You’re an EFT pro, but that doesn’t mean you don’t need practicing occasionally. In fact, the more you practice, the better you’ll become. But practicing in the online mode isn’t a wise option. Because you will keep losing health and spend your money unnecessarily.

So to practice, switch to offline mode. It’s the best way to learn how to fight Scavs well, how the maps work, and where extraction points are located. Keep polishing up your skills in the offline mode.

3.  Insurance Works in EFT too

Insurance isn’t just for your car and home anymore. In EFT, you can insure your weapons and belongings. This doesn’t mean that if the enemy loots you, you’ll get compensation for them. But it’s still advantageous because it often lets you have your weapons even after you die.

If you’re an experienced player, insuring your weapons is even better. If the enemy who loots it from you later dies, you can claim your weapons back. This way, you don’t lose those precious guns and rifles after a challenging game.

4.  Be Careful After Killing

You might be tempted to loot an enemy as soon as he dies. Even experienced players often do it. But this isn’t always a wise move.

When you kill someone, there might be some other enemy lurking around. And in your fit to loot the dead, you might not even pay attention to the enemy who’s hiding nearby. So after you kill, wait for a little to see if anyone surfaces or makes a sound. If you feel like the territory is safe, proceed to loot and move on.

5.  Be a SCAV friend when playing as a SCAV

Escape from Tarkov often lets you play as a SCAV. When you do, you don’t have weapons of your own. But you also don’t carry any liabilities. So even if you die in the game, you won’t lose essential weapons.

But here’s something every pro player knows that a beginner should too. As a SCAV, you shouldn’t attack other SCAVs. But why? Isn’t that foolish? Well, not really. In fact, doing that will attract negative attention to you and make the game difficult.

6.  Complete Quests – Lots of Them

Completing quests in a shooting game might sound lame to you. But it is an excellent way to gain experience and some other perks.

In Escape from Tarkov, you can complete various quests to get rewards and gear. Of course, some quests don’t reward you as much, and the items they grant aren’t helpful. But you can always trade them or sell them to stock up on weapons. Use the Flea Market for trading such goods.

7.  Go to Dorms

This tip isn’t really for beginners. But for experienced players, it makes the game thrilling and more rewarding.

Dorms are a dangerous location because they often contain the best loot in EFT. They are also home to the SCAV boss, and many players frequent this place looking for loots. But when you’re feeling up to it, raid a dorm to get the best loot possible.

8.  Switch between passive and aggressive style

This rule works for any combat game, but for EFT, it does wonders. As a player, you should have enough instincts to know when to play passively and go aggressive.

As a rule of thumb, be as passive as possible unless you’re faced with an opponent. Move around sneakily and make as little sound as possible. But once you’re in a fight, don’t shy away from landing a few hard blows of your own.

9.  Have a CMS Kit

In Escape from Tarkov, it will be too difficult to win if your limbs are dead or wounded. You have to reach an extraction point without your feet working properly. But recently, the makers added a surgical kit called the CMS to the game.

With the CMS kit, you can get your limbs healed quickly. It is a significant investment, and whenever you plan to go for combat, keep this one handy.

10.Know Your Sounds

EFT has an excellent sound mechanism. You can hear your enemies, and they can listen to you. In fact, everything from aiming a gun to moving makes a sound. So you have to be highly conscious.

While trying to ambush or kill someone, aim at them from as far as possible. This way, there’s little chance of them hearing you. Similarly, move stealthily to make fewer sounds. And no matter what, pay attention to enemy sounds too.

Conclusion

Whether you’re an expert veteran or a newbie at the game, you will benefit aplenty from these 10 EFT tips. Comment down below which one helped you the most in your game.

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Work Breakdown Structure and Outsourcing

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Every outsourcing project should create and make a WBS available to all its outsourcing staff. What is a WBS and how can it help you manage your outsourcing project? All projects consist of small tasks and quality control procedures. A Work Breakdown Structure (WBS) breaks down all the tasks that must be performed on the project and estimates timing and resources for each task as well as the order the tasks should be done in. It pays to have a clear and effective WBS in all your outsourcing projects.

An effective Work Breakdown Structure starts with high level activities (these may be your milestones) and breaks these activities down into lower and lower levels until you’ve covered every conceivable step in the process. Before you ever begin work on a project, also confirm with your outsource staff that they understand the overview and the individual components of your WBS and give them the opportunity to ask questions. It is never helpful to assume that they have it all under control. It is preferable that if any questions or problems arise they do so before the project has even started.

An example of a WBS is if one of your milestones is submission of the first draft of chapter one of a book someone is ghostwriting for you. You would then break that down into its smaller steps, like research, outlining, and writing. These steps would then, in turn, be broken down into even smaller steps, like types of research, verification of facts, and so on.

For each low-level task, estimate time needed for completion, start and end dates, human resources required, and in what order each task should be completed. Obviously, facts can’t be verified until the research is done but you get the gist.

If you have the knowledge and background to begin a WBS during the planning stages for your project, please do so. Regardless of whether or not you’ve already started the WBS, work with your provider to nail down the details and finalize the breakdown.

A well thought out Work Breakdown Structure is of immense help to any project, small or large. It enables your freelance staff to work with confidence and it enables you to know that your outsourcers can carry out the work competently. A good Work breakdown Structure will also minimize hiccups, saving time, money and energy.

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Potential Cost Savings Associated With Legal Outsourcing

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“How much can I save?” “What is the cost of legal work done offshore?” “Please give me a quote for 100 hours per month for legal work done in India.” “What is your hourly rate?” “How much do you charge for ______?” These are the questions and requests directed my way at the beginning of conversation when someone contacts me about sending certain legal tasks offshore for completion.

Regularly I advise potential clients that the first question to be asked, either of a lawyer or someone potentially assisting in the outsourcing of a legal project, is not “how much?” Instead, at the outset, determination should be made whether those who would work on the project have the skills, training and experience to complete the assignment(s) in a quality fashion. This necessarily involves a clear delineation of the proposed undertaking and the expectations of the outsourcer. Further, what are the assurances of confidentiality? Can the time deadline for completion be met? What about conflicts of interest? These questions should be asked of every U.S. lawyer whose services might be retained. Likewise, they should be asked of every person or entity involved in outsourcing legal assignments. It should be noted that offshore lawyers are not licensed in the U.S. and do not provide “legal services” or advice. Foreign attorneys, working offshore, complete assignments under the supervision and review of qualified U.S. attorneys in generally the same manner as paralegals, summer law clerks or junior associates in the U.S. Indeed, the Code of Professional Conduct requires such supervision.

Cost savings achievable from outsourcing, however, seems to be the burning issue of the day. Large law firms, in particular, are looking for ways of cutting costs to maintain profitability or to even survive in challenging economic times. Dan DiPietro, client head of Law Firm Group of the Citi Private Bank, offered Storm Warnings (American Lawyer, Dec 2007) in observing “for the first time since 2001, expense growth actually outpaced that of revenue from January through June, depressing profit margins.” Sounding an ominous note, DiPietro observed that the biggest expense increases were in associate salaries and in occupancy and technology costs. His warning proved prophetic, as a number of old-line law firms closed their doors in 2008 including Heller Ehrman, Thelen LLP, and Thacher, Proffitt & Wood. Other large law firms are reducing staff and lawyers, including de-equitizing partners. Corporate clients are cutting the number of outside firms they engage, while pushing them to become more efficient. It is becoming increasingly apparent that difficult decisions are on the horizon for many law firms and their clients. Law firms want to retain their rainmakers, secure the best legal talent available and keep their profits per partner high. Clients want their overall costs for outside counsel reduced. How will these issues be addressed, particularly in a difficult economic climate? Outsourcing is one way of potentially confronting the challenges. Thus, the question, how much can I save?

Assuming the proper initial inquires have been made and adequately addressed, what are the cost savings reasonably attainable by an outsourcing U.S. law firm and its clients? Answering that question necessarily involves a comparative analysis of revenue and expenses. Suppose a large U.S. law firm wishes to consider outsourcing work that might otherwise be performed by one U.S. associate working exclusively for one of the law firm’s corporate clients. The junior associate bills 2000 hours annually at the lawyer’s hourly billable rate of $200.00, for a total annual cost to the corporate client (and income to the law firm) of $400,000. The law firm’s expenses chargeable against the income produced by its associate include the lawyer’s base salary ($160,000) and bonus (say $20,000) plus the associate’s share of overhead expenses for occupancy, support staff, benefits, marketing, recruitment, technology and other expenses. In its 2006 survey, Altman Weil, the well-regarded legal consulting firm, estimated average annual law firm expense per lawyer at $161,893. (Doubtless those expenses have increased since 2006, but, for the purposes of conservatism, we will use Altman’s 2006 number in our example.) Altman’s breakdown included promotion ($7,136), reference ($4,655), equipment ($9,299), occupancy ($25,879), staff ($55,147), paralegal ($17,911) and “other”($41,866). In the Altman survey, “other” includes malpractice insurance premiums and settlements, payments to former partners, recruiting costs, and other expenses not shown separately. Adding the associate’s share of expenses ($161,893) to the associate’s total earnings ($180,000) it is apparent that it costs the law firm a total of $341,893 to produce $400,000 in associate income. Let’s call it a $60,000 law firm profit attributable to the associate’s efforts. Put in other terms, it costs the law firm $171 per billable hour of the associate’s time to produce $60,000 of profit.

Now, assume the same 2000 hours were produced offshore at a cost of, say, $75 per hour instead of $171 per hour. (Higher end outsourced work such as legal research or writing might cost in the range of $75.00 per hour, while other kinds of work such as document review would likely be less. For purposes of our analysis, we estimate the overall offshore costs toward the higher end.) The actual cost to the law firm for 2000 offshore hours at $75 per hour would be $150,000 instead of $341,892. Further, the law firm’s client could be billed, say $240,000, for this work instead of $400,000. (Recent bar association ethics advisory opinions allow for a reasonable supervisory fee by the law firm, providing the client is advised of the off shoring and the Code of Professional Conduct, particularly Rule 1.5, is followed). The client would happily achieve a savings of 40%, while the law firm’s profit would also likely increase. Moreover, the law firm would require fewer associates at the ever-escalating salary structure (now starting at $160,000 base) for lawyers from top tier law schools. Because of overall lower costs and a fewer number of new associate hires, the firm would be able to more effectively compete for a reduced number of premier U.S. attorneys it decides to hire. Over time, partner equity and distributions would be shared with a fewer number of individuals. Thus, an outsourcing program for selected legal assignments, carefully implemented and supervised, can potentially result in greater client satisfaction and retention as well as enhanced law firm profitability.

In 2007 Mayer Brown, a 1500 lawyer Chicago based law firm, purged 45 equity partners. While denying any sort of crisis, James Holzhauer, chairman of the firm, commented on the move: “It’s necessary to manage a law firm like you manage any kind of big business and make sure you have the right staffing going forward.” Outsourcing, seen by some law firms as the enemy of law firm profits, may in fact be the opposite. Without doubt, even if some law firms are reluctant to change the traditional ways, their clients are not. In August of 2007 Bloomberg.com observed that “clients are pushing firms like Jones Day and Kirkland & Ellis to send basic legal tasks to India.” It is significant that this “push” came well before the global financial collapse of the last quarter of 2008. Regarding law firms, Holzhauer cautioned in March of 2007: “This (law business) is to a certain extent a fragile business. Our greatest asset is our people. If you’re not economically strong so that you can retain your best people and attract other strong people from elsewhere, a fragile business can have problems.”

Corporate clients are on a mission to reduce legal costs. Some of those clients would prefer to supervise the outsourced work in house, while others apparently are content with their chosen outside U.S. counsel overseeing the offshore work. Irrespective, legal outsourcing is on the table for consideration of cost control. “How much can I save?” is a question being asked by those who, a few short years ago, never imagined entertaining the concept of legal assignments being completed offshore.

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ICT Outsourcing Definitions and Types

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ICT outsourcing can be said as one of the current trends for companies around the world to do their business processes. It is estimated that ICT outsourcing starts in the early 1990s where Kodak uses external partner to handle its ICT resources. As Kodak does not have the expertise in ICT, they hire another company to help them handle the ICT resources. This phenomenon occurs because companies would like to concentrate their core business functions among other benefits. After merely 20 years, outsourcing is now needed by a lot of companies mostly at customer support and also back-office processes and this affects Malaysia as well. Currently, Malaysia is known as a main outsourcing hub for the world, where it is currently ranked third globally behind China and India in the outsourcing industry. This shows how significant outsourcing is to developing countries in Asia.

Outsourcing Definition

Outsourcing is defined as a concept of contracting out part of the organization’s business process to a third party that has the specific skills and services. The third party must have the skills needed by the organization so that the outcome of the outsourced job is as expected. Outsourcing can also be explained as the movement of one or many business functions of a company including its assets to an outside service provider who gives a defined service for an agreed duration of time and payment on a written agreement.

From these two definitions, we can see that outsourcing can be defined with the following characteristics:

1. A company transferring one or many business process to a third party.

2. A third party has the skills and services required for the business process.

3. Has an agreement or contract between the two parties on the price and expected outcome.

Types of Outsourcing

Outsourcing can be separated into two types, namely total outsourcing and selective outsourcing.

The first one is total outsourcing, where the IT budget being used to pay the external vendors is approximately 80% or more than the total. For outsourcing activities that only took less than 80% from the total IT budget, it will be called as selective outsourcing. It is named as ‘selective’ because the company will select only one or several IT functions to be outsourced to a third party.

Aside from these two main outsourcing types, there are also other types of outsourcing that are usually the sub-division from these two main types like insourcing and transitional outsourcing.

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Medical Transcription Outsourcing – The Great Advantages

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If you haven’t started outsourcing your medical transcription work, it may be time you start considering this option. This process includes taken information that is dictated and putting it into a text format so the information can be put into records for patients. You’ll actually find that there are many advantages to going with medical transcription outsourcing. Here is a look at a few of these advantages that your medical facility will appreciate.

One of the main advantages to going with medical transcription outsourcing is the time that you will save. There are many types of reports that must be done in clinics and hospitals, such as consultation notes, discharge summaries, physical reports, lab reports, and more. Having to take care of these files on your own can take a lot of time. Instead of doing this in-house, you can simply send files to a transcription company and once they are transcribed they can be sent back via the web. Outsourcing gives medical facilities the ability to focus more on core activities that are important, such as patient care.

High end security is yet another of the benefits of going with medical transcription. When you send these files to the company, they are sent securely on the web. Then they are transcribed into a format like HTML, ASCII forma, MS Word, or other formats. Then the files are going to be returned through a process that is password protected so only those who are authorized are able to access these files.

When you choose a company to take care of this for you, you can be assured that the transcriptionists working on your projects are highly skilled in the profession and they have a good understanding of the rules for producing these records. Transcriptionists that understand the terminology helps to ensure that your reports are done error free.

Of course, the cost is definitely a big advantage that you’ll enjoy when you go with medical transcription outsourcing. There are many companies that provide you with low cost outsourcing, which can save your medical facility a lot of money. Instead of trying to take care of transcription within your facility, hiring the work out can save money and ensure you get your records completed as quickly as possible.

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How to Succeed With Business Process Outsourcing (BPO)?

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As outsourcing becomes an indispensable part of corporate business strategy, especially during economic downturns, BPO (Business Process Outsourcing) has emerged as an important driver of IT Enabled Services. In very recent years, it has progressed from being considered for limited peripheral activities to encompassing very critical business activities that contribute to strategic advantage.

Though traditionally cost reduction has been the key driver for all outsourcing activities, other drivers such as speed of development, flexibility, expert skills and political maneuvering are equally important, if not more.

To succeed with Business Process Outsourcing (BPO), you must first research and determine if outsourcing should be pursued at all – an initial understanding of the expected size and nature of the deal is a must at this stage. This phase is known as the Assess phase as the involved parties try and establish senior stakeholder expectations at this stage. At the end of this phase, stakeholders should have clarity on the expected benefits, costs and risks of the potential engagement.

Next comes the Prepare phase which encompasses the vendor selection process. More often than not, organisations roll out RFPs (Request for Proposal) documents to find the right outsourcing partner. Fundamental elements of all other phases are defined and agreed upon in this Phase.

Evaluate phase is the third stage of the outsourcing lifecycle and it focuses on structured and thorough evaluation of the proposals received from vendors. At the end of this phase, you should be able to negotiate with selected vendors.

This phase paves the way for the Commit phase which is essentially the pre-contract stage. The Commit phase is by far the most resource intensive and commercially crucial phase as the deal design is finalized and the transition plan is developed in this phase.

Next comes phase 5 which is the Transition and Transform phase. In this phase, a robust transition plan is implemented. In addition, a reporting mechanism is also brought in place at this stage of the outsourcing lifecycle.

The Optimise phase, which comes next, focuses on managing the vendor relationship efficiently, tracking the vendor fees against the original proposal and monitoring contractual obligations. In principal, this phase is an ongoing one until the contract is renewed, renegotiated or exited.

When implemented properly, outsourcing contracts are likely to bestow immense benefits on organisations. No wonder that BPO is seen as a disruptive force that has huge impact on the cost-structure of nearly any industry and that is why it is not easy for organisations to ignore it. The hype around BPO may subside soon, but the business advantages that come with it are here to say as it enables many enterprises to succeed.

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Payroll Outsourcing

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Payroll outsourcing is a very common and growing practice these days. Payroll is an important business function that deals with the process of paying employees for services rendered. Payroll outsourcing can be defined as the accomplishment of a payroll task by some external agency. There are many reasons why companies outsource payroll, but the most prominent benefit lies in the fact that it often saves money. Basic payroll outsourcing services include calculating paycheck and tax obligations for each employee, printing and delivering checks, and providing management reports.

Every business owner knows that handling payroll can be a headache. Preparing payroll internally can cost valuable hours of employee time every pay period, and require expensive accounting software and training. Besides, the person handling payroll of an organization internally needs to keep up to date with changes in personnel, deadlines, and tax requirements on an ongoing basis. Payroll outsourcing is an affordable way to take away these burdens, because it is a time-saving and cost-effective alternative to internal payroll processing.

Payroll actually commences with the worker signing up with a company. A typical payroll report contains items such as gross hourly wages and gross salaries, bonus payments including stock given as a bonus, overtime pay, severance pay, per diem and travel allowance, and contributions to deferred compensation by employees.

Today, payroll outsourcing is a vital part of an organization’s payroll and benefits functions. This will improve employee satisfaction and enable the organization to focus its assets on mission-critical areas. The market for payroll outsourcing services is competitive and there are a number of key points, such as speed, accuracy and ease of use, to consider when opting to use a payroll company.

Though payroll outsourcing may prove highly valuable for many organizations, it also has many drawbacks. It is essential that every company precisely assess its requirements to determine if outsourcing is a feasible alternative.

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