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the.world.is.flat-及4何蛍

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He told me he'd been talking to an Israeli company that is making some big advances 
in compression technology to allow for easier�察�better transfers of CAT scans via the 
Internet so you can quickly get a second opinion from a doctor half a world away。 
A few weeks after I spoke with Rao�察�the following e´mail arrived from Bill Brody�察�
the president of Johns Hopkins University�察�whom I had just interviewed for this book�此�
Dear Tom�察�I am speaking at a Hopkins continuing education medical meeting for 
radiologists ��I used to be a radiologist�� 。。。 I 


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came upon a very fascinating situation that I thought might interest you。 I have just 
learned that in many small and some medium´size hospitals in the US�察�radiologists 
are outsourcing reading of CAT scans to doctors in India and Australia�。。 �Most of 
this evidently occurs at night ��and maybe weekends�� when the radiologists do not have 
sufficient staffing to provide in´hospital coverage。 While some radiology groups will 
use teleradiology to ship images from the hospital to their home ��or to Vail or Cape 
Cod�察�I suppose�� so that they can interpret images and provide a diagnosis 24/7�察�
apparently the smaller hospitals are shipping CAT scan images to radiologists abroad。 
The advantage is that it is daytime in Australia or India when it is nighttime here´so 
after´hours coverage becomes more readily done by shipping the images across the globe。 
Since CAT ��and MRI�� images are already in digital format and available on a network 
with a standardized protocol�察�it is no problem to view the images anywhere in the 
world 。。。 I assume that the radiologists on the other end 。 。 。 must have trained 
in ��the�А�US and acquired the appropriate licenses and credentials。 。 。 The groups 
abroad that provide these after´hours readings are called ;Nighthawks; by the 
American radiologists that employ them。 Best�察�Bill 
Thank goodness I'm a journalist and not an accountant or a radiologist。 There will 
be no outsourcing for me´even if some of my readers wish my column could be shipped 
off to North Korea。 At least that's what I thought。 Then I heard about the Reuters 
operation in India。 I didn't have time to visit the Reuters office in Bangalore�察�but 
I was able to get hold of Tom Glocer�察�the CEO of Reuters�察�to hear what he was doing。 
Glocer is a pioneer in the outsourcing of elements of the news supply chain。 
With 2��300 journalists around the world�察�in 197 bureaus�察�serving a 
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market including investment bankers�察�derivatives traders�察�stockbrokers�察�newspapers�察�
radio�察�television�察�and Internet outlets�察�Reuters has always had a very complex 
audience to satisfy。 After the dot´com bust�察�though�察�when many of its customers became 
very cost´conscious�察�Reuters started asking itself�察�for reasons of both cost and 
efficiency�此�Where do we actually need our people to be located to feed our global 
news supply chain�拭�And can we actually disaggregate the work of a journalist and keep 
part in London and New York and shift part to India�拭�
Glocer started by looking at the most basic bread´and´butter function Reuters 
provides�察�which is breaking news about company earnings and related business 
developments�察�every second of every day。 ;Exxon comes out with its earnings and we 
need to get that as fast possible up on screens around the world�此�'Exxon earned 
thirty´nine cents this quarter as opposed to thirty´six cents last quarter。' The core 
competency there is speed and accuracy�察─�explained Glocer。 ;You don't need a lot of 
analysis。 We just need to get the basic news up as fast as possible。 The flash should 
be out in seconds after the company releases�察�and the table ��showing the recent history 
of quarterly earnings�А�a few seconds later。; 
Those sorts of earnings flashes are to the news business what vanilla is to the ice 
cream business´a basic commodity that actually can be made anywhere in the flat world。 
The real value´added knowledge work happens in the next five minutes。 That is when 


you need a real journalist who knows how to get a comment from the company�察�a comment 
from the top two analysts in the field�察�and even some word from competitors to put 
the earnings report in perspective。 ;That needs a higher journalistic skill 
set´someone in the market with contacts�察�who knows who the best industry analysts 
are and has taken the right people to lunch�察─�said Glocer。 
The dot´com bust and the flattening of the world forced Glocer to rethink how Reuters 
delivered news´whether it could disaggregate the functions of a journalist and ship 
the low´value´added functions to India。 His primary goal was to reduce the overlap 
Reuters payroll�察�while preserving as many good journalism jobs as possible。 ;So the 
first thing we did�察─�said Glocer�察 �was hire six reporters in Bangalore as an 
experiment。 
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We said�察�'Let's let them just do the flash headlines and the tables and whatever else 
we can get them to do in Bangalore。'; 
These new Indian hires had accounting backgrounds and were trained by Reuters�察�but 
they were paid standard local wages and vacation and health benefits。 ;India is an 
unbelievably rich place for recruiting people�察�not only with technical skills but 
also financial skills�察─�said Glocer。 When a company puts out its earnings�察�one of 
the first things it does is hand it to the wires´Reuters�察�Dow Jones�察�and Bloomberg´for 
distribution。 ;We will get that raw data�察─�he said�察 �and then it's a race to see how 
fast we can turn it around。 Bangalore is one of the most wired places in the world�察�
and although there's a slight delay´one second or less´in getting the information 
over there�察�it turns out you can just as easily sit in Bangalore and get the electronic 
version of a press release and turn it into a story as you can in London or New York。; 
The difference�察�however�察�is that wages and rents in Bangalore are less than one´fifth 
what they are in those Western capitals。 
While economics and the flattening of the world have pushed Reuters down this path�察�
Glocer has tried to make a virtue of necessity。 ;We think we can off´load commoditized 
reporting and get that done efficiently somewhere else in the world�察─�he said�察�and 
then give the conventional Reuters journalists�察�whom the company is able to retain�察�
a chance to focus on doing much higher´value´added and personally fulfilling 
journalism and analysis。 ;Let's say you were a Reuters journalist in New York。 Do 
you reach your life's fulfillment by turning press releases into boxes on the screen�察�
or by doing the analysis�拭─�asked Glocer。 Obviously�察�it is the latter。 Outsourcing 
news bulletins to India also allows Reuters to extend the breadth of its reporting 
to more small´cap companies�察�companies itwas not cost´efficient for Reuters to follow 
before with higher´paid journalists in New York。 But with lower´wage Indian reporters�察�
who can be hired in large numbers for the cost of one reporter in New York�察�it can 
now do that from Bangalore。 By the summer of 2004�察�Reuters had grown its Bangalore 
content operation to three hundred staff�察�aiming eventually for a total of fifteen 
hundred。 Some of those are Reuters veterans sent out to train the Indian teams�察�some 
are reporters filing earnings flashes�察�but most are journalists doing 
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slightly more specialized data analysis´number crunching´for securities offerings。 


;A lot of our clients are doing the same thing�察─�said Glocer。 ;Investment research 
has had to have huge amounts of cost ripped out of it�察�so a lot of firms are using 
shift work in Bangalore to do bread´and´butter company analysis。; Until recently the 
big Wall Street firms had conducted investment research by spending millions of 
dollars on star analysts and then charging part of their salaries to their 
stockbrokerage departments�察�which shared the analysis with their best customers�察�and 
part to their investment banking business�察�which sometimes used glowing analyses of 
a company to lure its banking business。 In the wake of New York State Attorney General 
Eliot Spitzer's investigations into Wall Street practices�察�following several 
scandals�察�investment banking and stockbrokerage have had to be distinctly 
separated´so that analysts will stop hyping companies in order to get their investment 
banking。 But as a result�察�the big Wall Street investment firms have had to sharply 
reduce the cost of their market research�察�all of which has to be paid for now by their 
brokerage departments alone。 And this created a great incentive for them to outsource 
some of this analytical work to places like Bangalore。 In addition to being able to 
pay an analyst in Bangalore about 15��000 in total compensation�察�as opposed to 80��000 
in New York or London�察�Reuters has found that its India employees tend to be 
financially literate and highly motivated as well。 Reuters also recently opened a 
software development center in Bangkok because it turned out to be a good place to 
recruit developers who had been overlooked by all the Western companies vying for 
talent in Bangalore。 
I find myself torn by this trend。 Having started my career as a wire service reporter 
with United Press International�察�I have enormous sympathy with wire service reporters 
and the pressures�察�both professional and financial�察�under which they toil。 But UPI 
might still be thriving today as a wire service�察�which it is not�察�if it had been able 
to outsource some of its lower´end business when I started as a reporter in London 
twenty´five years ago。 
;It is delicate with the staff�察─�said Glocer�察�who has cut the entire Reuters staff 
by roughly a quarter�察�without deep cuts among the reporters。 The Reuters staff�察�he 
said�察�understand that this is being done so 

that the company can survive and then thrive again。 At the same time�察�said Glocer�察�
;these are sophisticated people out reporting。 They see that our clients are doing 
the exact same things。 They get the plot of the story 。 。 。 What is vital is to be 
honest with people about what we are doing and why and not sugarcoat the message。 
I firmly believe in the lesson of classical economists about moving work to where 
it can be done best。 However�察�we must not ignore that in some case

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