Insurance: Graduate Area of Work
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The internet business sector, riveted on developing products and services for online consumers, has grown in size and importance to the extent that most major organisations aren’t considered complete without an online presence. Although there are other players, the field’s still dominated primarily by financial services organisations and online retail stores.
While “tech start-up” is a common buzzword in the sector these days, venturing into any kind of business that involves introducing or implementing technology in the real world can be daunting. For this reason, businesses – especially successful ones – need consultants or industry experts to advise them on IT strategies and solutions.
There are various ways to classify the nature and services of a technology consultancy firm, but most of them fall into one of five categories.
The industry – which focuses on assisting their clients with specialist expertise and advisory services – typically offers their know-how in several areas, such as audit, tax, accountancy, consulting, law, corporate governance, corporate finance and risk assessment. Some of the most recognisable professional services firms in Singapore include BDO, EY, Deloitte, KPMG and PwC – all of which are well-known for offering assistance when it comes to compliance with various legal requirements related to accounting and business processes.
Business organisations often enlist the help of IT service providers to cut costs, improve service efficiency and gain access to a range of technological expertise. The process generally entails the assessment of the clients’ needs, followed by the implementation of a solution before moving on to support and aftersales services.
Clients typically expect four things from a good technology partner:
A rapidly-growing area in the IT sector, IT outsourcing is encouraged by the speed in which technology evolves and changes. It’s also driven by companies that find it challenging to maintain an in-house team that keeps them abreast of advancements, and prefer outsourcing instead.