After years of outsourcing their IT operations to centres in countries such as India, many firms are now considering altering their plans for the future.
According to Paymon Khamooshi, a software developer at the London-based firm Geeks Ltd, the recent IT meltdown encountered by Natwest and data loss by Standard Chartered could lead to the financial services industry in particular pulling their computer management back to the UK.
This in turn would lead to increased job creation on these shores and more opportunities for British IT contractors.
Mr Khamooshi pointed out that on the whole outsourcing to India has been a prudent move for many companies, but cost cutting by some has created mistakes which could now bring a sea of change to the sector.
“As NatWest has learned, cutting corners for the sake of cost can have dramatic consequences. Would this have happened if they hadn’t made its UK batch team redundant?” he pondered.
He added that British developers have vastly streamlined their services in recent years so the cost benefit of using UK-based systems has been vastly improved.