Can Indian IT Re-invent
itself ?
It is not a question of, “ Can ? “
It is a question of , “ When ? “
And the answer is , “ Now
“
Business Line ( 04 Feb 2017 ) carries a news report
with following headline :
“ Trump forces IT
Inc to face its Y2K moment “
It goes on to read :
“ It could be the end of India’s Information Technology (IT) services industry,
as we know it.
If Y2K
gave wing to a fledgling industry in the early part of this millennium, making
it one of the biggest recruiters of young talent, the big boys of the Indian IT
industry are now being forced to TRANSFORM THEIR BUSINESS MODELS in a bid to counter any potential downside from US
President Donald Trump’s call for
tighter immigration laws and a stricter H-1B visa regime.
According to executives in the IT
industry, the CHANGE
IN STRATEGY is two-pronged —
* abandon the path of TAKING TALENT FROM INDIA
ON WORK VISAS to
dip into the local labour pool, and
* speed up the transformation to a
business model that is less reliant on headcount and more focussed on ADOPTING NEW TECHNOLOGY
PLATFORMS.
“ The industry had already embarked on
this journey. Now, this will be done faster to ADOPT TO THE NEW PARADIGM,” said the Chief Executive Officer of a
leading IT company.
This model was fine until now, as Indian
IT companies relied on low-cost skilled labour to be competitive in terms of
pricing while delivering value to clients.
But the rules of the game are changing. AUTOMATION and the shift towards DIGITAL TECHNOLOGIES are the most critical issues facing the industry.
These new beasts do not need a large workforce unlike earlier projects.
“The fact is that the industry is also changing
significantly in the DELIVERY-MODEL focus with ARTIFICIAL INTELLIGENCE, CLOUD, ROBOTICS etc coming
in very rapidly.
Indian IT players are already adopting the NEW PARADIGM and
would need to accelerate to adopt to the CHANGING LANDSCAPE from
perspectives in SHIFT
IN DELIVERY MODELS as well as USH-1B proposed changes,”
said Raja Lahiri, Partner, Grant Thornton India “
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Want
to know , “ How ?
“
Do read :
I have tremendous faith in the abilities
of our IT guys , who have made India , a SOFTWARE
SUPER-POWER
Sixteen years ago , they saved the World
Economy from a virtual collapse on the midnight of 31 Dec 1999 ( as news
from around the World flashed on TV screens , saying , “ Thanks to Indian geeks
, no planes have been reported to be falling off the skies !” )
If only the NDA government gets out of
their way , our IT guys will , this time around , “ SAVE INDIA “ ( even as they “ MAKE FROM INDIA “ )
04 Feb 2017
www.hemenparekh.in
/ blogs
With Regards,
hemen
parekh
(
M ) +91 - 98,67,55,08,08
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