Dew to the restraint in capital investments by companies, IT new investment projects might suffer in a short and medium terms, said by Murali Gopalan, CIO of UST Global, a U.S.-based company. IT projects will surely continue to grow worldwide because of the total investments. IT industry has been a topic of the discussions particularly in India. They’ve been delivering higher value to clients primarily in areas like innovations in mobility, using cloud-based services, business intelligence and analytics and innovations with dedicated apps. As usual, the delivery of lights on services will continue to grow, and there will have increase focus on higher value-added services major players. Industry is rising with amazing innovations in service delivery models and in solutions architecture, also, clients demands for high value industry.
There is no longer enough to deliver commodity IT services but it is also important to deliver business value, IT firms in India invested in innovation capability and domain knowledge in various industries. They are directly consulting with the business side to increase speed to market and to bring innovations. These transformations are important to ensure stickiness and growth of market share. It is natural for businesses to adopt a growth first strategy or profit first depends on economic and competitive conditions and business cycle. Economic and business cycles demand different strategies for the growth of the companies. In these cycles during certain peaks, companies choose to sacrifice profits while growth accelerates. Growth of market share often depends on size, particularly in knowledge-based industries.
Companies that develop strong talent sourcing capabilities will take such thrive and attacks. Small services firms often prey to weaken attacks for talent by larger global rivals. Global IT industry is increasingly a flat world and with that global competitions gets higher, firms in India could consciously adopt a growth-first strategy to grow in size rapidly.
Today global IT industry faces several challenges and changes, some of these are increasing operating costs, lowering of entry barriers for ultra small players from around the world, security considerations increased, higher commoditization of IT services, acute challenges in sourcing talent and a lot more. On the other hand, these challenges and changes have made the IT outsourcing industry a thriving hotbed of innovation.
The relatively young firm, UST Global which grew in a post dotcom-crash world, it learnt the benefits of being flexible, nimble and can adapt to changing conditions. They quickly adapt with changes in demands of its global clients, it innovates customer relationships, flexibility and speed of response. Change is the only constant and UST Global is prepared in it.
Compared to other countries, India is uniquely positioned to rapidly grow the IT industry. The factors of their success are the combinations of mature management systems for IT companies, volume of talent, English language proficiency, service mentality of its people, attitude to learn the business rules of different industries, diverse technology skills and overall IT business acumen. These core competencies help to provide IT forms the ability to compete well in global arena.
REFERENCES:
http://www.ibtimes.com/articles/296359/20120210/outsourcing-will-continue-grow-2012-exclusive.htm
http://www.linkedin.com/groups/IT-Outsourcing-Will-it-Continue-90639.S.96044015?qid=06bee7cb-0a02-4d18-8d1d-da3c31e0f4ac&trk=group_most_popular-0-b-ttl&goback=.gmp_90639
http://news.hitb.org/content/it-outsourcing-will-it-continue-grow-2012
http://blog.itiltrainingzone.com/it-outsourcing-will-it-continue-to-grow-in-2012-exclusive/
