Indian IT Moves Beyond The Obvious

by CXOtoday News Desk    Mar 13, 2015

india

 As the leading IT firms begin to tap business opportunities beyond the traditional IT services, the IT body Nasscom is going to spread the word on the transformational change in the IT industry.

As the IT firms turn their attention to outcome-based projects with far greater involvement in the client’s business planning, the apex IT association planned to educate the global businesses on the value addition they can expect from the Indian firms.

“Indian IT and BPO industry is much beyond the traditional services. It has evolved from mere supplying of human resources to outsourcing, and then to time-and-material. The clients are asking them to take up outcome based tasks,” R Chandrasekhar, President of National Association of Software and Services Companies (Nasscom), told Business Line.

The industry, which is eyeing a revenue target of $165-169 billion in 2015-16, gets 62 per cent of business from the US and 17 per cent from the United Kingdom. “The clients in the US and UK markets are more or less are aware of our newer strengths. But there is a necessity to tell markets like Japan, Korea, China and Europe about the IT industry moving up the value chain,” he said.

Nasscom also said that the IT industry, whose employee pyramids are undergoing severe pressure as a result of automation, is going to add 2.3 lakh jobs in 2015-16, 7 percent more than last year’s headcount of 32.90 lakh.

The IT apex body however, asked the job seekers and employees to constantly acquire newer skills. “IT industry is the most competitive industry globally. It can’t hold someone who is not technically equipped,” he said.

Going forward, Nasscom will form a small group that will discuss and finalize a Task Force on cyber security, in order to protect the country from cyber security attacks. Acting on PM Narendra Modi’s advice recently, Chandrashekar said the task force would be constituted in a month.