Tuesday, December 16, 2008

Ponzi schemes in IT- Do we have ponzi schemes in IT?

Definitely yes...If you thought ponzi schemes are prevelant only in Capital markets you may be wrong...havent you heard of the latest Ponzi scheme run by Madoff ripping off $ 50 billion in corporate debt markets and becoming the undertaker (not an insurance jargon plz...i'm getting tierd of those at work) of few hedge funds exposed to corporate debts!

There are few in IT, let me name some of these schemes:
1. Offshoring
2. Productivity gains
3. Quicker return on IT investments
4. Zero transition cost
5. Transformational IT engagements
5. Lower TCO

hee hee i wish I can go on for some more....I'd love to elaborate on this further...wait and watch this space in the coming months....let us see what it all throws up...

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