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The start-up world is expanding, burgeoning & prospering each year to become one of the most promising sectors of the global economy. According to the Global Startup Ecosystem Report 2019, the global start-up economy is booming and is said to have created a value of 2.8 trillion US$ between 2016-2018. This is a massive 20% rise compared to the previous term and more than two times what it was just five years ago.

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Business life is all about growth and that’s all true in case of Germany’s tech Startup ecosystem. Tech Startup companies in Germany alone have crossed a significant value mark of more than €100 billion.

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As technology today is evolving faster than anything else, it is not always feasible for all organizations to keep pace with it or adopt it. As the technology progresses it also becomes vulnerable to risks associated with breach of confidential data. Cybersecurity today has become the earnest concern for businesses.

Recently, the increase in frequency of data hacking and breach has forced the technology governing bodies in various countries to take some serious measures on curbing cyber threats.

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From time immemorial, Outsourcing has proved to be a successful way for many global tech giants. 10 to 15 years ago, IT outsourcing was one of the best ways to churn out extra costs savings for a company. This could be achieved by contracting jobs & software projects to low income countries and is still followed, although nowadays for different reasons. Back than the competition was also less, and companies enjoyed the freedom to hire employees from offshore countries for getting their job done at a low cost.

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Recently it Outsourcing created a lot of buzz after Intel decided to consolidate their outsourcing to a single contractor only i.e. Infosys India. According to reports, several Tech giants have had job cuts or layoffs due to shifting of job roles towards the Cloud, automation by Artificial Intelligence, tool based analytics etc.