Data collected in a December 2003 Cutter Consortium survey suggests that, in spite of anemic capital spending on technology over the past few years, many of the emerging trends and technologies fly in the face of an otherwise weak technology market. Note, for example, the expansion of wireless networks, the adoption rate of Web services, and the surge in nearshore and offshore outsourcing -- the subject of this article. In fact, we could argue that major changes are in play and that the relationship between business and technology is transforming itself in new -- almost radical -- ways.