It faces a lot of threats from the rising protectionism, data flows curbs and some of the fast-changing and revolving technological shifts, but the Indian IT industry is as of now keeping its high hopes for the new year with lots of plans for the big investments in the field of artificial intelligence and automation aspects.
For the industry body just like the Nasscom, 2018 has been the year of the ‘Digitial at Scale’ as IT firms nowadays are focusing more on using the new technologies and ensuring more on the sustainability by simply creating with the right skills with help from the policies, partnerships, and innovation.
The year ahead is “punctuated with several transformative opportunities,” Nasscom President Debjani Ghosh said.
The industry body has also projected lots of exports to grow at 7-9% for the year 2019, almost same as the previous fiscal year, but the domestic revenue may grow faster at 1-13%, and this may make the new year in a much more transformative with the overseas fund.
With time to time, the industry has graduated from being the back office of the world to being at the forefront of the change, that also helps the clients to optimize some of the core operations and always stay ahead of the competition.
Some of the protectionist stances are being across some of the key markets, be it the UK, Australia, and the US with the government bringing in with more of the stringent regulations around the procurement of work visas. As a counter, Indian IT firms are ramping up their local presence abroad by hiring locals.
“Our approach would be located tasks in the geography based on the best interests of our clients,” he said. Mindtree is also focussed on “imagining what is ‘Beyond Digital’ and making investments to prepare for the future.”
