Future of Indian IT Industry

D

deepakraam

Deepak Narayanan
India is growing @ 9% every year.55% of the growth is contributed by Services sector.IT sector employs close to 2 lakh people and there will be a shortage of 5 lakh people by 2010 as predicted by NASSCOM.But the Indian IT companies are still fighting in red ocean.One company's gain is another one's loss.They don't have niche market for themselves.Looking forward,the same trend won't be enough to sustain the growth of the industry.

A company should create a blue ocean to grow in the future.Blue ocean is creating an uncontested market place for an organization.To create a blue ocean every organization need to have value innovation.Simple examples would be Microsoft which is still a pioneer in OS.SAP is still an undisputed leader in Application programs.Cisco systems is a giant in networking arena.These companies created a new market.Indisputably they are king of their of the market.On similar lines,I wish to see Indian companies creating their own market.

Blue ocean doesn't mean retrenching of manpower.Instead its about using it effectively.With the current industry-friendly policies of the Govt,I hope the companies could do a lot better.

Pour in your thoughts on this.

-Deepak.
 
deepakraam said:
Pour in your thoughts on this.

-Deepak.
Click to expand...

Deepak,I would like to present my thoughts on this

1)Creating a niche market is not that easy...unless and until we have a robust Research and Development sytem for our Indian companies..we cant grow innovatively

2)Innovation is synonymous with change and change shud be brought for a purpose..Who will govern that purpose?The customer ofcourse..which inturn implies,the IT shud be brought closer to the masses..Tapping of literate but IT illiterate masses and tapping of illiterate masses can sow seeds in this direction..companies shud strive in conducting such kinds of programs of IT education..this would help in identifying the market need as to where to pitch in innovation..what shud be developed?whats still lacking? These quesns can be answered only if efforts are put in this direction

3)Look at this perspective..an IIT gradate heads straight away to European countries..coz he is paid hell lot of money over there..The problem of "Brain
Drain"..If we stand to loose such potential graduates of such world class institutes,who will carry out the job of "innovation" here?Efforts shud also be put in this direction by companies who pay to these graduates good amount of perks and packages and then utilise them in this field

4)The ministry of IT shud take steps in this direction to integrate the entire system of Information Technology..viz integrating Scientific development with R&D of the companies..with the ministry itself..and then state it's mission and goal which shall be communicated to all the entities in this area..co-operation is reqd by the IT companies in this direction,so that all of them can work for one mission,one goal of developing India's IT industry and taking it to global standards...

Plz pour in ur comments on this
Regards
Varun
 
Hi Mehta,
Can you be more specific on your requirement.We will help you out if you can get me your exact requirement.


-Deepak.
 
HI I NEED REPORT ON THE IT INDUSTRY BASED ON THE FINANCE LIKE WHAT IS THE COST CONNECTED WITH THE IT/BPO/KPO/ITES AND LIKE LABOUR , INFRASTRUCTURE , SUPORT SERVICES IF YOU HAVE INFO THENPLZ SEND IT TO ME
 
Hi
Can any boby tell me How much amount is spent by Indian IT Giants on the training and development of Employees and How much The foriegn companies are spending specifically in USA?
Either aggregate or company wise.
 
Thanks for the report! It was indeed a useful disussion on the forum.

Hopeto see more such kind of discussion on the firum in the future!
 
Future of Indian IT Industry ...... Your article on future of Future of Indian IT Industry is quite good. The growth of IT-firms and the craze is amazing in INDIA. But not many people will stick to one company. If an IT firm employs (for example) 1000 professionals in one year, at the end of the year the same rate of employees leave the jobs ..joining the other company thus resulting in High Rate of Labour Turnover. If we take the example of TCS... it has showed to 500 and more employees the way to outside world (.i.e they have removed them from their jobs). If employee attrition is one issue, employer removing the employees is also one issue. The IT - Management should see to that Employee attrition and Employer showing the way to the gate is reduced. Overall...the growth rate is quite good for IT-firms.
 
varun nakra said:
Deepak,I would like to present my thoughts on this

1)Creating a niche market is not that easy...unless and until we have a robust Research and Development sytem for our Indian companies..we cant grow innovatively

2)Innovation is synonymous with change and change shud be brought for a purpose..Who will govern that purpose?The customer ofcourse..which inturn implies,the IT shud be brought closer to the masses..Tapping of literate but IT illiterate masses and tapping of illiterate masses can sow seeds in this direction..companies shud strive in conducting such kinds of programs of IT education..this would help in identifying the market need as to where to pitch in innovation..what shud be developed?whats still lacking? These quesns can be answered only if efforts are put in this direction

3)Look at this perspective..an IIT gradate heads straight away to European countries..coz he is paid hell lot of money over there..The problem of "Brain
Drain"..If we stand to loose such potential graduates of such world class institutes,who will carry out the job of "innovation" here?Efforts shud also be put in this direction by companies who pay to these graduates good amount of perks and packages and then utilise them in this field

4)The ministry of IT shud take steps in this direction to integrate the entire system of Information Technology..viz integrating Scientific development with R&D of the companies..with the ministry itself..and then state it's mission and goal which shall be communicated to all the entities in this area..co-operation is reqd by the IT companies in this direction,so that all of them can work for one mission,one goal of developing India's IT industry and taking it to global standards...

Plz pour in ur comments on this
Regards
Varun
Click to expand...


Hai Please help me to do project on any public limioted company anylisis exclusively anylysing financial statements
 
Hi All,
As a person who has worked in IT for about five years, I would like to share my thoughts on Indian IT industry.

Indian IT industry is not product oriented. It's more of a "services industry".

Instead of creating a product and then selling it in the market, our area of work is understanding the requirements of our customer and then developing a solution based on several factors: budget, scope, time lines etc. etc.
All this requires quick turn around time, keeping pace with technology and providing best solutions to customer based on needs.

Here scope and time for R&D and research is very minimal.


Regards,
Deepak
 
Bright future awaits Indian IT industry: US expert

Watts Humphrey, noted software expert from US, on Wednesday predicted a bright future for the Indian software industry, but feared that there was likely to be a shortfall of nearly 250,000 software professionals by 2008.

Humphrey called for adoption of personal software processes and team software processes which, he said, were disciplined ways of software development activity.

"Adoption of these processes would increase the productivity of individuals by 20 times," he told reporters in Chennai, adding that this would result in filling up the gap in the demand for the software professionals in future.

Software products should be warranted by their suppliers in the same way as other products and software users needed improved protection. This, he said, was possible by adopting PSP and TSP processes.

He said though many Indian organisations had started adopting PSP and TSP, and getting certified through CMM levels, a more realistic result could be achieved by introducing these software quality processes in the universities in undergraduate or post graduate levels of computer application.

PSP and TSP are the inventions of Humphrey and a Software Quality Institute has been set up in Chennai in his name to impart quality training in software
 
Future of Indian IT Industry ...... Your article on future of Future of Indian IT Industry is quite good. The growth of IT-firms and the craze is amazing in INDIA. But not many people will stick to one company. If an IT firm employs (for example) 1000 professionals in one year, at the end of the year the same rate of employees leave the jobs ..joining the other company thus resulting in High Rate of Labour Turnover. If we take the example of TCS... it has showed to 500 and more employees the way to outside world (.i.e they have removed them from their jobs). If employee attrition is one issue, employer removing the employees is also one issue. The IT - Management should see to that Employee attrition and Employer showing the way to the gate is reduced. Overall...the growth rate is quite good for IT-firms.
 
I would like to make a point clear regarding this topic.Research is not only about doing something inside a lab with white uniforms and coming-up with smething in a testtube.As rightly said by one of the Indian head - "If an employee is able to safe $1/month for the company with his innovative ideas this will take the company places."So research need not be about developing new products but it can also be about new solutions,services,markets and more importantly new strategies.This can very well be done by Indian brains working in IT companies.This will only take the Indian IT companies to the next step.

-Deepak.
 
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