SERVING THE QUANTITATIVE FINANCE COMMUNITY

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Cuchulainn
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Is software outsourcing a good idea?

Par exempleCentral Bank views Ulster Bank issue 'very seriously' The Bank, as a regulator in Ireland, would be working with the FSA to determine what went wrong at RBS, the source of which was a technical failure at RBS in Edinburgh on Tuesday 19th June which impacted Ulster on Wed 20th.
Last edited by Cuchulainn on July 3rd, 2012, 10:00 pm, edited 1 time in total.

rmax
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Is software outsourcing a good idea?

Cuchulainn
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Is software outsourcing a good idea?

QuoteOriginally posted by: rmaxBadly managed outsourcing is a bad idea.Depends on what is outsourced. The quality and continuity of people is key.

farmer
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Joined: December 16th, 2002, 7:09 am

Is software outsourcing a good idea?

Is driving a cheap car a good idea? Or should we all drive an expensive car?

quantmeh
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Joined: April 6th, 2007, 1:39 pm

Is software outsourcing a good idea?

NASA's outsourcing space transportation to Russia. surely, you can outsource some software development

Cuchulainn
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Is software outsourcing a good idea?

QuoteOriginally posted by: quantmehNASA's outsourcing space transportation to Russia. surely, you can outsource some software developmentSoftware is much more difficult than hardware.

DominicConnor
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Joined: July 14th, 2002, 3:00 am

Is software outsourcing a good idea?

To extend Farmer's analogy further, the difference in management is similar to that of a back seat driver and trying to do it by phone.I might use a courier to deliver a package, because that has a clearly defined objective where there can be a simple cost/quality function.On the other hand, the toughest bit of driving I ever do is picking up the kids from school and trying to control that by phone with someone who has never driven in the UK whilst the mothers drive 4 wheel drive tractors whilst chatting on the phone isn't going to end well.Outsourcing fails because you can't manage it so well, yes I'd hire someone to convert data in form A to form B, but when I manage people I want calibration on how they are performing that I can't get from videoconferencing, I want discreet chats facr to face when no one else is around, I want a beer with the guys I manage and most of all I want them to tell me the truth. Indian business culture is fundamentally dishonest to ad degree that would make a Barclays money market trader wipe his shoes.

Cuchulainn
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Is software outsourcing a good idea?

Modern cheap autos tend to be reliable enough. Maintaining a 20-year old banger is costly. Upside is the village garage that can get backup spare parts for you, quickly.
Last edited by Cuchulainn on July 7th, 2012, 10:00 pm, edited 1 time in total.

quantmeh
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Joined: April 6th, 2007, 1:39 pm

Is software outsourcing a good idea?

QuoteOriginally posted by: CuchulainnQuoteOriginally posted by: quantmehNASA's outsourcing space transportation to Russia. surely, you can outsource some software developmentSoftware is much more difficult than hardware.there's a reason why it took 50 more years for china to launch a man in space after soviets - it's very difficult.and then there's no hardware. a rocketship is a mix of hardware and software.

Cuchulainn
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Is software outsourcing a good idea?

QuoteOriginally posted by: quantmehQuoteOriginally posted by: CuchulainnQuoteOriginally posted by: quantmehNASA's outsourcing space transportation to Russia. surely, you can outsource some software developmentSoftware is much more difficult than hardware.there's a reason why it took 50 more years for china to launch a man in space after soviets - it's very difficult.True.
Last edited by Cuchulainn on July 9th, 2012, 10:00 pm, edited 1 time in total.

eDave
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Joined: March 26th, 2002, 5:20 pm

Is software outsourcing a good idea?

farmer
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Joined: December 16th, 2002, 7:09 am

Is software outsourcing a good idea?

QuoteOriginally posted by: eDaveSome things that helped this project succeed:The customers were fat idiots swimming in money who, because of the total incompetency of their own programmers, had a totally ridiculous expectation of how long it should take, when in reality it could have been done in eight days by two programmers with talent.One day some drunk high roller fumbling in his wallet dropped $500 on the ground in front of me. Later that night he paid$5000 to screw a \$150 hooker, and all involved agreed the night was a huge success all around.

farmer
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Joined: December 16th, 2002, 7:09 am

Is software outsourcing a good idea?

I don't mean to sound freaky. But I could be addicted to heroin, and report every trade in the state of Texas to every server, laptop, and handy, in every format documented in the annals of Information Technology, as well as every format that could possibly be born in the mind of a regulator, given eight months.

farmer
Posts: 13477
Joined: December 16th, 2002, 7:09 am

Is software outsourcing a good idea?

If all trades were effected by winks and nods, and I had to attach a surveillance system to a HAL 9000 to interpret the gestures, and if all records were stored on clay tablets buried 800 feet under ground for good luck, so that I had to design a burrowing robot to write updates to the database, I could do it in five months

Cuchulainn
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Is software outsourcing a good idea?

A guess is that > 80% of software in the world (still) runs on COBOL and JCL with Java as the front end.Kind of puts C++ and C# in the ha'penny place.