compliance

We, at Systems Assurance Institute (Mumbai) are launching exclusively in India the Certified Security Compliance Specialist™ (CSCS™) Program.

This credential is a job-role based designation. This program is designed to enable professionals to understand, prioritize and ultimately assist organizations achieve compliance with information security-based regulations.

Legislations such as Sarbanes-Oxley, Data Protection Acts, PIPEDA, FFIEC, HIPAA and standards such as the COBIT, ISO 17799:2005 are a requirement for organizations to comply with. A key objective for organizations worldwide is to integrate security best practices and be in compliance. Skilled professionals who understand regulatory compliance requirements and information security are valued across several industries, especially ITES, Software, Financial, healthcare and the government.

Indian companies have been successful to date in several areas of the outsourcing market, without having to try particularly hard. The wage differential between Indian staff and staff in the G7 nations has historically been so large that the cost savings were a "no-brainer". However....

....the global situation is changing rapidly, with many other nations entering the low-cost staff battle.

What this means, I believe, is that the successful companies of the future will be those who offer more than just a room full of comparatively inexpensive staff, perhaps much more.

A good example is that of Godrej Global Services, who I had the pleasure of visiting last year. They are developing deep expertise in the area of Sarbanes-Oxley compliance work, which is a very major issue right now for lots of American companies. If they are successful, the likelihood is that they will win a lot of work, because they will actually be far more expert in dealing with the issues than the American companies themselves, who are currently struggling to comprehend and deal with the legislation.