Techiexpert.com
No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
No Result
View All Result
Techiexpert.com
No Result
View All Result

IT industry is Slashing as their clients wants digitization

Sony T by Sony T
November 19, 2018
in Tech news
0
IT industry is Slashing as their clients wants digitization
9
SHARES
129
VIEWS
Share on FacebookShare on Twitter

In the year 2016, some of the headlines proclaiming that the death of India’s most vaunted Information Technology industry was becoming a commonplace.

“India’s massively successful software services industry… died on Friday after a short battle with newer digital technologies,” Bloomberg columnist Andy Mukherjee wrote in October 2016.

Some of the predictions about the demise of the India IT industry were hardly new though. As they already started appearing a decade or so ago, when it became a clear that the labor arbitrage enjoyed by India’s IT companies was working on vanishing and business was moving elsewhere, to the Ireland and Philippines among some of the others, as some of the western corporations embraced a global delivery model where the vendors located in different time zones maintained and services their system around the clock.

But in the year 2016, albeit briefly, it has seemed much more like the game was up. Some of the market leading company that is Tata Consultancy Services has already announced near-zero growth in its business and Infosys, once the industry bellwether has slashed its full-year forecast for the second time in three months.

Marquee firms were the missing forecasts and reporting a slowing of business. It seemed uncertain if India IT major would be able to keep the utmost pace with the demand for the shift to a new environment where the digital technologies like the mobile, social, cloud and analytics.

“Fundamentally, our customers are responding to disruption in their value chain, since their clients and end-customers have gotten used to the ease-of-use offered by consumer tech interfaces from the likes of Apple, Amazon and Netflix and are demanding similar capabilities from their banks and energy utilities,” says Rajan Kohli, president, Wipro Digital.

Tags: Digitalization

Related Posts

Veera India’s Mobile Only Internet Browser by Marquee Investors and Entrepreneurs
Tech news

Veera India’s Mobile Only Internet Browser by Marquee Investors and Entrepreneurs

The Top Strategies for Mobile Cross-Browser Testing
Tech news

The Top Strategies for Mobile Cross-Browser Testing

blockchain secure iot
Tech news

How Secure Is HTTPS? A Primer on a Protocol That Protects Much of the Web

Exploring the World of Online Virtual Sports
Tech news

Exploring the World of Online Virtual Sports

Does God Play Dice? – A Quantum Perspective
Tech news

Does God Play Dice? – A Quantum Perspective

Popular this week

  • Renesas Expands IoT Footprint with Sequans Acquisition

    Renesas Expands IoT Footprint with Sequans Acquisition

    2152 shares
    Share 860 Tweet 538
  • Y2Mate.com 2023: How to Download Videos and Audios

    253 shares
    Share 101 Tweet 63
  • Top 10 Omegle Alternatives you might like

    336 shares
    Share 134 Tweet 84
  • What is windows modules installer ? How to Enable/Disable

    126 shares
    Share 50 Tweet 32
  • Top 10 YouTube to MP3 Converter Platforms for Free

    98 shares
    Share 39 Tweet 25
  • Does God Play Dice? – A Quantum Perspective

    44 shares
    Share 17 Tweet 11

Latest Stories on Techiexpert

Amazon Unveils Next-Gen Echo Devices with Enhanced AI-Powered Alexa

Amazon Unveils Next-Gen Echo Devices with Enhanced AI-Powered Alexa
Share4Tweet3Share1Pin1

Tamil Nadu CM MK Stalin Unveils Ambitious Startup and Innovation Policy 2023

Tamil Nadu CM MK Stalin Unveils Ambitious Startup and Innovation Policy 2023
Share5Tweet3Share1Pin1

Bengaluru Fintech Startup Converj Targets B2B Payments with Virtual Credit Cards

Bengaluru Fintech Startup Converj Targets B2B Payments with Virtual Credit Cards

Pay for goods by credit card through a smartphone in a coffee shop.

Share5Tweet3Share1Pin1

EaseMyAI raises Rs. 3 Crore in Seed Round led by IPV

EaseMyAI raises Rs. 3 Crore in Seed Round led by IPV
Share6Tweet4Share1Pin1

How To Cancel All Alarms At Once On Both Android & iPhone

How To Cancel All Alarms At Once On Both Android & iPhone
Share5Tweet3Share1Pin1
  • Privacy Policy
  • About Us
  • Contact us
  • Cookie Policy
  • Write For Us

© 2016-2022 All Rights Reserved

No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain

© 2016-2022 All Rights Reserved

Cookie Law Notice
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
SAVE & ACCEPT
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.