One of the most significant benefits of IT offshoring is the cost savings it provides to businesses. Companies can leverage lower labor costs in countries like India, the Philippines, or Eastern Europe, where skilled IT professionals may be available at a fraction of the cost of hiring in developed countries. This allows organizations to reduce operational expenses, reinvest savings into other parts of the business, and improve profitability.
An information system, in simple terms, is like the brain of an organization. It's a system that collects, organizes, stores, and distributes information to help in decision-making, coordination, control, analysis, and visualization within an organization. Think of it as a library, where books (data) are collected, categorized, stored, and lent out to readers who need them. But unlike a library, an information system also processes and analyzes the data to create meaningful insights, just like our brain processes information to help us make decisions.