|
|
|
|
|
|
Despite of some problems 4-5 years from now, the interest of the companies are still increasing and outsourcing opportunities may be over $24 billion by then. Another Y2K opportunity for Indian IT industry might declare by the Healthcare regulatory reform in America. Healthcare with the new focus that targeted by some large companies like Wipro, HCL Technologies, Tata Consultancy Services and Infosys. Financial and banking services which are the biggest revenue contributor is experiencing anxiety and hindrance.
The estimated US healthcare market is expected to grow from about $2.5 trillion to $4.6 trillion in 2012 said by the analysts. Around $24 billion is the expected outsourcing opportunity over the next 4-5 years that involve both providers and payer. For the next two years analysts anticipated that Indian IT companies spot the acquisition and mergers segment. The coding system for billing medical processes has to turn from the World Health Organization’s ICD-9 to ICD-10 diagnostic classification by October 1, 2013 based on the instruction passed by the US Center for Medicare and Medicaid Services. An industry sources say that over $1 billion will be the opportunity with this alone.
The ICD-10 implementation has the future to catch up with the Y2K problem by means of cost and impact, this was stated by a Deloitte report. It needs a new medical coding, a thorough update to existing software or a huge wave system review and even innovations with most of its system interfaces. Due to the ICD-10 codes that are very complicated it requires more effort in billing systems, decision and analytical systems, reporting packages, implementing and testing the changes in electronic medical records instead of just testing its data fields. Stated in the report, it will include the training of coders, installing of new code sets and re-mapping interfaces and repairing reports utilized by all individuals who use diagnostic codes.
Nasdaq-listed Cognizant as the only company that is ahead with other companies. The reason for Cognizant quick growth is their focus on its healthcare segment, 27 percent were the company’s contributed revenue and in 2011 it grew to 38 percent. While some giant companies like Infosys, Wipro and TCL still gets a single digit revenue. Last December 31, 2011, Infosys got 1.8 percent while Wipro with its healthcare with life services and science gain 10 percent and TCS with life science as well earns 5.3 percent of its revenue. The HCL’s healthcare division’s revenue was about 8.6 percent and it is about to change for the next 1-2 years.
Nirish Mathia, managing director of Technology Holdings said that both healthcare providers and payers, most huge Indian firms are now evaluating their focus seriously. Over $ 50-100 million was the target revenue of some companies. Indian firms are looking for US companies with powerful healthcare marquee clients and domain expertise.
In the past 25 months, US healthcare had about 100 deals as an average of 4 deals each month that gathers almost $20 billion based on the Technology Holdings survey. Three years after, the US healthcare payer BPO market will move ahead for 15-20 percent from 2011’s 41.2 billion. By 2012, the payer outsourced services will expand to 9 percent compounded annual rate that will reach for almost $15 billion. A partner and technology sector leader, Milan Sheth stated that 20 percent of the market provided by the top 3 players. HCL Tech signed a several deals and each deal was about $250,000 to $10 million in the current years. During the previous year, 55 percent were the growth in HCL’s healthcare vertical.
REFERENCES:
http://www.theoutsourceblog.com/tag/indian/
http://business-standard.com/india/news/us-healthcare-next-big-focus-for-indian-it-sector/467415/
http://www.scoop.it/t/icd-transition/p/1399252004/us-healthcare-next-big-focus-for-indian-it-sector-business-standard
http://www.silobreaker.com/us-healthcare-next-big-focus-for-indian-it-sector-5_2265547405925548077
|
|
|
|
|
|
|
The Philippines takes over the position of India to be an absolute call center capital of the world, as the Philippines now has more call center agents than India that answer calls from international clients around the globe. Yet the Indian business process outsourcing industry was delighted to give in the position, because their reason is call center or voice work are at beneath its end of the BPO value chain. The non-voice industry is growing quickly that voice work falling out its share, thanks to India’s early entry within BPO sector. In the year 2011-2012, the estimated Indian BPO business export earnings were about $16 billion almost 12 percent increase than the past financial year, which is 42 percent was credited to CIS or customer interaction service. CIS remains to be the huge factor in its revenue however its share lower down from over 60 percent since 7 years.
The higher value of the additional services in India is increasing, while the voice share is dropping down in the overall business process outsourcing export resources. Based on the Nasscom Strategic Review 2012 that Nasscom has been concluded in its new report, 22 percent were the share of the Finance and Accounting, while 18 percent for knowledge services and 14 percent for the BPO sector. As Legal Process Outsourcing, Procurement and Logistics and HR outsourcing was the other industries that currently growing quickly. Through the years, Indian BPO companies make a forceful strategy that will create an impact on client business with its better domain capabilities and service delivery, noted by the Nasscom report.
In 2011-2012, Indian BPO sector creates almost 880,000 jobs and give indirect employment with more than 3.5 million individuals. Because of the better services of the Indian companies, it adds value to their clients from 10-100 times in the contrary with just 0.5-2 times in the primary years of the industry. With the improved services it influences its domain knowledge, benchmarking information and business insights stimulate by analytics. According to the Vice-Chairman of Genpact and known as the Father of Indian BPO, Pramod Bhasin the different kinds of BPO services are cluttering, some firms are searching for full solutions. He was glad to say that the Indian companies now are moving into its ideal change.
The main reason why India is able to add more opportunities and can adapt easily in the BPO services aside from any other regions is that India has its powerful top position in the global outsourcing industry and IT services. There are three bright trends that are prominent while the Indian BPO competitor are providing their clients the adaptable growth. Nasscom said in its report that the organizations started to increase their better services as the customers are asking for a transformation in the industry.
The Indian BPO industry aims to provide services into its entire value chain by creating domain expertise. Their customers need a deep understanding with the whole business system and products as they deliver customized services. According to the Infosys executive Co-Chairman Kris Gopalakrishnan, Indian BPO service providers are setting up centers in clients’ terrestrial places. In the near future, local hiring trends, near-shoring and onshoring activities are going to grow much further. By the superiority and value-added services to their clients, the Indian BPO industry is above with any other country. And it will stay on the top as much as Indian BPO companies will have a solid partnership with its clients.
REFERENCES:
http://www.draftncraft.com/news/india-to-remain-the-bpo-capital-of-the-world
http://www.deccanherald.com/content/233910/india-remain-bpo-capital-world.html
http://www.q8india.com/index.php?option=com_content&view=article&id=3703:india-to-remain-the-bpo-capital-of-the-world-&catid=1:latest-news
http://features.rr.com/article/03Wm04774a39T?q=Philippines
http://1click.indiatimes.com/article/03Wm04774a39T?q=Philippines
|
|
|
|
|
|
|
In the upcoming budget, the Advance Pricing Agreement or APA that was implemented for in the Direct Taxes Code with transfer pricing matters will be presented, Information Technology and business process outsourcing firms are hoping for that. In choosing arms length profit edge for the ITeS and software industries, some say that the Indian tax department is beginning to become aggressive and determined. In such arguments, more than Rs 40,000 crore is the expected figure to be earned.
The President of Nasscom, Mr. Som Mittal said that there is mystery all over, across the region transfer pricing rules are being adapted illogically. Almost 35 percent of revenue of the Indian outsourcing firms came from MNC’s unit. In India, tax authorities have been investigated with tax global profits in some cases. He also added that he keeps his fingers crossed that the safe harbour provisions and the APA will be announced this forthcoming budget. It is cost-effective and every individual wants a better environment that is why people was moving in India.
The tax department claimed that the transfer pricing spending as a shift profits to be tax friendly jurisdictions as they acted upon the argument. They stated that the India’s MNC’s are counting up additional value than what they are totally announcing so they will get less tax. The tax department is using the arm’s length principle to settle the right value added, the units should give services with the equivalent price just as a third party provider would do to another group.
The authorities observed the 25-35 percent additional cost for restricted units that is irrational and too much said by Mr. Partho Dasgupta, Partner at Tax Advisory Services at BDO. With the cost of the services that some big companies like HCL and Wipro produce the value add of the captive units are being analyzed. The authorities should apply the procedure of comparing with other firms, with a huge firm you cannot balance a unit worth Rs 100 crore turnover even several times with that extent.
Mr. S.P. Singh, Senior Director of Deloitte Haskins & Sells stated that a particular individual is wishing that in this year, APA scheme will be kicked. For international transactions, the APA will be valid for 5 years with the calculation system for an arms length price as the tax authorities and the tax payers start an affinity. People are deliberate that the APA will be announced in the budget, that is included in the DTC however it will take a long time before it will be enabled. It is not going in any constant solution as presently almost all of the litigation was in favor of the taxpayers, Mr. Singh added.
The tax authorities in the United States and India set an affair and negotiate regarding with the transfer pricing in a MAP or Mutual Agreement Procedure. The agreements have been resolved with a cost plus of 17-19 percent in MAPs. Mr. Singh said that with MAPs they can now quickly deal with an APA system and the tax authorities have adequate experience. According to the Deloitte white paper the reasonable margin is 14 percent, while 10-12 percent was the observation of the taxpayers but the it settles to 18-19 percent. But the IT and BPO sector wants some positive assurance. The tolerance limit that must increased according to Mr. Dasgupta is 5 percent through 10-15 percent.
REFERENCES:
http://www.bpo.biz/bpo-news-blog/2012/03/02/advance-pricing-is-highly-anticipated-in-this-budget-by-the-it-bpo-companies/
http://www.thehindubusinessline.com/industry-and-economy/info-tech/article2946904.ece?homepage=true&ref=wl_home
http://stockviz.biz/index.php/2012/02/29/it-bpo-industry-hopes-for-advance-pricing-in-this-budget/
http://trove.nla.gov.au/work/163475302
http://www.nasscom.in/itbpo-industry-hopes-advance-pricing-budget
|
|
|
|
|
|
|
In India, IBM India has announced the launch of the IBM Smart Cloud Entry specifically designed to discuss customer requirements in India. The IBM Smart Cloud Entry is an entry-level private cloud offering that is simple to deploy and easy to use. Allowing them to easily start the transition to a cloud-based infrastructure and reap the benefits of a cloud delivery model, the IBM Smart Cloud Entry enables organizations to quickly deploy self-service provisioning of virtualized workloads. To provide the best overview it uses a simple interface throughout the time of increasing IT efficiency and lowering administration costs. While the IT managers can check and manage this environment for improved efficiency and utilization of the data center, users can now request and provision an environment quickly through an easy-to-use web-based interface. By allowing additional servers or blades to be added to the cloud infrastructure this enables rapid scalability. To support a pay-per-use business model it also includes basic workload metering.
From the economist Intelligence Unit and IBM has found that among 572 business leaders surveyed, almost three fourths show their companies have piloted. The number of respondents whose companies have substantially implemented cloud are expected to grow from 13 percent today to 41 percent in three years. From thousands of IBM client engagements and millions of cloud-based transactions IBM manages every day, the IBM Smart Cloud Entry is part of the Smart Cloud Foundation Portfolio that contains a core set of private-cloud functions distilled. From the scratch or transform their current virtualized system into a highly efficient cloud infrastructure to help both entry level companies and more excellent clients quickly adopt private clouds the portfolio was made.
Vice President of Growth Initiatives, Systems and Technology Group, IBM India/South Asia, Rahul Bindal stated that cloud computing offers an enormous opportunity to innovate, it is more than simply saving on IT implementation costs. Competitive positioned for Indian enterprises to easily tap in to the benefits of Cloud is their solution. Together with the IBM Smart Cloud Entry they will enable clients to change smoothly to a cloud-based infrastructure with an easy to use wed based interface. They are enabling their partners to deploy the solution on top of their X-series and P-series, while it is essentially a software tool that can run on any x86 platform.
Also an in depth know how on implementing this solution to different business need in India not just partner enablement contains not only understanding the basic features of smart cloud entry, with both sales and implementation training on smart cloud entry in India IBM has enabled various business partners. Over 2000 clients has helped by IBM with its years of experience in optimizing and implementing cloud infrastractures, by its successful plan and its implementation of private clouds in the previous year alone. By designing, managing and tuning their IT infrastructure in this new generation IBM has call it as Smarter Computing by an enterprise it can reverse the IT conundrum, this strategy can bring into line by the smart cloud entry.
REFERENCES:
http://www.globalservicesmedia.com/News/Home/IBM-India-launches-Smart-Cloud-Entry/21/27/11940/GS1202293110552
http://www.informationweek.in/Cloud_Computing/12-02-29/IBM_India_launches_Smart_Cloud_Entry.aspx
http://www.crn.in/Services-001Mar012-IBM-Launches-Smart-Cloud-Entry.aspx
|
|
|
|
|
|
|
Hewlett-Packard considered as a tech giant has announced that they have a $150 million contract for five years with worlds largest shipping company Maersk Line in October 2011. HP will support the Maersk Line with their shipper’s global growth strategy and to help them to become an Instant-On Enterprise to optimize its technology enterprise by using cloud-enabled data centers and workplace services of HP. Aside from that, HP will innovate the shipping company with whole workforce with Windows 7 devices with private cloud computing environment. Senior vice president and general manager of HP Enterprise Services in Africa, Europe and Middle East, Mike Nefkens said that Maersk Line is a global leader in its industry and they deliver innovation in its markets and they want a solid foundation to support their efforts. With the help of HP expertise when it comes to cloud computing services and handling technology environments to support IT leaders they will achieve the company’s global strategy and aim.
Soeren Lorenzen, HP’s account manager for Maersk stated that HP will help the firm in managing its software and hardware requirements on its network. They will stabilize the application and data centre system of Maersk, aside from that they will manage all the devices including patch management and software updates. HP offered Maersk a complete service in hardware, software and management services like what they offer with other enterprise clients.
Maersk Line’s chief information officer Adam Gade said that HP will bring greater value in their business and they will support to maintain their status as the worlds largest and reliable shipping company. He added that they need to remain a leader among their peers and with the help of HP’s new idea they will come up with the change that they wanted. HP’s vice president for WW Delivery ITO India Center, Prakash M S claimed that to meet Maersk objectives, HP will use their experiences in managing complex technology environments and service delivery expertise. Using HP cloud computing solution, they will develop a private cloud computing environment for distributed and local applications, this will create a flexible and effective technology infrastructure that will allow Maersk Line to remain leading despite of changing business needs.
To maintain the firms computing devices, HP will take over the Service Desk function at Maersk Line and bring Workplace Services for almost 38,000 users over 100 countries. Based on the agreement all Maersk Line staff within these areas HP will offer employment and also they will provide infrastructure support and monitoring for Maersk Line for cost-effective support with the use of its scalable and flexible delivery model from global locations like in China, Philippines and India.
Based on the agreement, HP’s ITO India Center will deliver most of the services to Maersk including Service Desk, enterprise security services and data center services. HP also deliver some technology and support services like in hardware such as storage, PCs, networking equipment and servers. HP will work with Maersk Line on its Instant on Enterprise which embedded technology in everything to serve clients, partners and employees with what they need.
REFERENCES:
http://www.globalservicesmedia.com/News/Home/Maersk%27s-Line-Signs-$150M-Agreement-with-HP/21/27/0/GS1203056710567
http://mmscomputerswizardonline.blogspot.com/2012/03/hp-signs-150m-contract-with-maersk-line.html
http://www.v3.co.uk/v3-uk/news/2127352/hp-tries-corner-usd150m-private-cloud-maersk-deal
|
|
|
|
|
|
|
Cloud computing means transferring of computing as a service instead as a product, by which information, software and some share resources are provided to computers and other machines as a utility over a Internet. Innovation is the principle and nature of cloud computing, while business market adaptability and agility remains the main reasons for cloud adoption. By experimenting with various fresh ideas to re-invent their usual ways of business-service delivery, it creates maximum business value proposition not only cloud scripts new ideas for business delivery. In the year 2015, cloud service is anticipated to double up as Big Blue stated to adopt this service. IBM Pulse 2012 unveil the evaluation of the study The power of cloud, driving business model innovation. Partner & VP of Global innovation & growth and the co-author of the study, Saul Berman claimed that cloud is about driving the kind of fundamental innovation that provides lasting marketplace advantage, its not just about gaining cost savings and efficiencies.
There are 572 business and technology executives around the world, surveyed by the IBM institute for Business Value with the Economist Intelligence Unit. IT companies are always in a search for methods that can help them to execute business sharpness to correspond with market demands, quick responds towards fast changing needs of the clients into days eara of economic uncertainty is a key competitive differentiator based on the IBM study. From previous 8 percent to 31 percent for upcoming three years the impact of cloud on the business value scheme is going to grow. Cloud has the ability to decrease fixed IT costs and shift to a more variable pay as you go cost structure as a top benefit for more than 31 percent of executives. One of the primary reason that most companies consider cloud adoption in the first place was cost flexibility.
Cloud provides services, platforms and infrastructure for business solution, it enables innovation that was clearly obvious in the study. it develop maximum business value scheme by analyzing certain modern ideas to re-create the usual ways of business service delivery. For complex service delivery mechanism, cloud has always been considered as a procedure that enables relieve of responsibility. Aside from implementing higher ROI with increased business alertness, cloud’s real competency comes from the vital fact, it should be easier for usual people in the way that it will give impact with their daily lives. Rather than consuming the maximum load resources constantly, you can disable the setup easily and apart from that you can instantly create experimental platform for shared infrastructure that authorize you to pay only for the resources you absolutely see.
With the make, feel and implement pattern that cloud strengthen, it allows quick prototyping of ideas. Cloud can decrease the risks of operational failure, these ideas required a large investment as it too risky to attempt. The infrastructure can easily be deactivated if the ideas are insufficient. Surveyed reveal that 16 percent of the executives are using cloud for innovation, for an instance by entering new verticals for business. Based on the IBM study, by 2015 the equal share will increased up to 35 percent cloud user as it engage with customers need and encourage business growth. Because of cloud computing, most of the companies can do things that they never expect. Innovation was the cloud’s real function.
REFERENCES:
http://www.globalservicesmedia.com/IT-Outsourcing/Infrastructure-Management/Cloud-Usage-Will-Fuel-Innovation/22/6/11964/GS1203091310577
http://www.globalservicesmedia.com/
|
|
|
|
|
|
|
India’s IT services industry at this time every year patiently waits for the discharge of the budgets of its western clients, government, banks and manufacturers that will decide with their business over the promising year. In a different way, they are hoping for the occurrence of stability to Europe and apart from that they have been attentively and precisely inspecting the tentative recovery of the United States economy. However, commercial property is another Indian industry that is much inclined on the innovation of the global market. Still they are hoping to make a comeback in the global economy after the miserable 2011.
Based on the property consultancy, Jones Lang LaSalle, last year, 14 percent of space was occupied by European while 48 percent belongs to the United States compared to 27 percent of Indian industry. Commercial office space in India depends on rent out from foreign companies such as those that operate their own back offices in the region and some customers of Information Technology industry, but most domestic companies inclined to own instead of renting. The chairman and country head for Jones Lang LaSalle, Anuj Puri stated that in the Indian office real estate markets, United States was dominated. Despite the fact that it has been dropping regularly over the past years, analysts estimated between 35 and 60 percent was the share of the market held by local and international IT services. The 2008 financial crisis was the example offered by Mr. Puri on how global changes can paralyzed the country’s commercial real estate market.
Anurag Mathur, country head for India at Cushman & Wakefield, a property company claims that each countries in Asia have their own dynamic. Japan, China, Singapore and other countries are different from each other, but in some cases like in the level of dependence, India is possibly larger than anywhere else with the exclusion of the Philippines that is heavily possessed by foreign industry particularly in offshoring.
Few years ago, one advantage that India has is that it operate as a research and development and innovation hub for foreign companies. That kind of services are frequently reduce during difficult times but as foreign economies improve and recover it can easily come back and grow much better. Mathur added that when the global markets regain and win back, countries like India will definitely gain from that since there is already a large focus on working on technology and doing the foundation development work in India. In 2012, R&D may start to pay dividends as the eurozone moves toward stability and the United States economy increases.
More than half of its value has lost on Bombay Stock Exchange’s realty index and more than double the decrease in the Sensex. Real estate analyst at MF Global in India Dipesh Sohani said that those kind of challenges keeps developers in a precarious position but the situation can start to regain in the second half of 2012. In March 2013, the IT industry is set to grow 11-14 percent in the financial year, below from 17 cent in the last five years. India has become an R&D hub for some companies such as Accenture, IBM and other global service providers according to Som Mittal, president of NASSCOM.
REFERENCES:
http://www.indianexpress.com/news/outsourcing-space-indias-hopes-rest-on-its-r&d-hub-status/920059/0
http://www.ft.com/cms/s/0/85e123aa-5d76-11e1-8bb6-00144feabdc0.html#axzz1osKV73G7
http://globalizationtoday.com/outsourcing-space-indias-hopes-rest-on-its-rd-hub-status-financial-times/
http://worldonthisday.blogspot.com/2012/03/outsourcing-space-indias-hopes-rest-on.html
|
|
|
|
|
|
|
Despite weak economies in key markets in Europe and United States, India’s internet technology industry continues to expand, they thank the domestic growth and a push into new regions like Africa and the Middle East. Expected revenues to cross $100 billion this financial year for India’s information technology and outsourcing industries. The National Association of Software and Services Companies. India’s technology industry association claims in the recent report that last year it increased 14.8 percent and doubled in 2007. Revenues will reach $225 billion by 2020 predicted by the group which has more than 1,200 corporate members.
According to Rajendra Pawar, Chairman of NASSCOM, that there has been consistent growth in the domestic IT market. The reports said, Total revenues in the sector will reach $101 billion in the year that ends March 31, 2012. From 16.5 percent to $32 billion is the expected growth in the domestic market. Work done for clients and exports apart from India, will make up $69 billion of that figure. NASSCOM officials said, that a rise in global technology spending is also a key factor behind the industry’s increase. Som Mittal, President of NASSCOM stated that it becomes necessary to adapt and move quickly, companies are not being conservative on the transformation aspect of their spending, 4.5 percent in the current fiscal year spent by information technology, they need to aggressively adapt to new technologies.
Mr. Pawar noted that the last decade has been turbulent but still the industry grew nine times by revenues. Clients are seeking service providers who specialize in their field and provide customized solutions, there are a lot of new young companies that are collectively contributing about two billion of the hundred billion. NASSCOM said that Indian information technologies offers existing customers new services, New business is coming from new geographies like Eastern Europe, while previously a majority of the industries revenues came from Britain and United States.
The number of foreigners in the industry has grown significantly as of this year, some 40,000 employees are not Indian. India’s outsourcing industries and information technology continue to be one of the largest employers in the country. In the current fiscal year over 230,000 jobs were added, it brings about 2.8 million people total direct employment. India’s league of experienced talent is running dry that’s why they are also hiring foreigners and Indian information technology companies makes acquisitions abroad and expand overseas. Mr. Mittal said, experienced personnel are not easily available, there is enough entry-level talent to support the industry’s 16 to 20 percent annual growth.
Currency is too complex for companies to factor in as off now, we know that the cash problems are mostly in government and not in companies, however, the Euro zone problem is big enough that it will affect companies, Mr Pawar claims. Fred Giron said that the economic crisis in Europe means less growth for the Indian industry and that price wars could be on the agenda if the Rupee continues to remain weak.
By 2020, the industry is heavily dependent on domestic spending, NASSCOM forecast of $225 billion in revenues. About $50 billion of the $225 billion will come from the companies in India. Most work is currently located in the top six cities in India. Mittal also said that they also set to improve the business environment so that it can attract more foreign investors.
REFERENCES:
http://www.blackmereconsulting.com/fast-growth-for-india%E2%80%99s-outsourcing-industry-despite-weak-global-economy-new-york-times
http://news.gkrom.com/articles/india-ink-fast-growth-for-indias-outsourcing-industry-despite-weak-global-economy
|
|
|
|
|
|
|
Symphony Teleca Corporation is said to be the first company which focused on encouraging customers promptly develop, handle and support software for rising cloud and enterprise mobility solutions in the associated world, these is announced by Symphony Service Corp. and Teleca. With the approval of the boards of directors of both companies, their aim to create a truly global leader in terms of the transformation of software, enterprise mobility and connected devices with the help of the complementary strengths and capabilities of each company. Because of Symphony Teleca Corporation’s advanced range, scope and global capabilities improve its long-term credit for investors, clients and employees. The main drivers of the mixture are the rising adoption, massive market opportunity, growing influence of mobility and the cloud on software and software-enabled product development of enterprise mobility.
Dhawan stated that Symphony Teleca has bright leadership in the sites that define next-generation cloud and connected software applications, claimed as one of the top R&D capabilities that concentrate on enterprise mobility and software, also hires one of the most capable global services teams in the industry. Added to that, for those in the business where in using and making these software and software-enabled products in the associated world, this union will continue to give existing clients and new organizations with a clear services. It is about two well-known and capable global firms.
Founder, Chairman and Chief Executive Officer of Symphony Technology Group, Dr. Romesh Wadhwani said that establish clous, mobile and software technologies are the start of a expressive convergence and transformation, commercialized and operated within service-provider networks. It means its to increased complexity and exciting development, also a dynamic change within the market for enterprise mobility and software. Based on the report that came from Gartner Inc., expectedly a 9.5 percent increase in 2010 revenue of $244 billion and in 2011 worldwide enterprise software revenue to outrun $267 billion.Revenue forecast to range over $288 billion in 2012.
Stephen Drake, vice president of mobility and telecommunications, IDC said that for the users enterprise software needs, they demanding mobile access to enterprise applications and expect an app store-like environment. Added to that, CIOs and some IT organizations must discover some ways to secure, manage and support a countless mobile and connected devices, formats and platforms. To create and handle the next-generation of connected devices and enterprise mobility solutions, obviously there is a market need for service providers.
In today’s market, the ability of Symphony Teleca authorized software as a service and mobility. This combination of both companies are timely. Who can aid the selection of solution components, ongoing management and systems integration of mobility services, with the help of a expanding list of in-house and web-based applications, new and important requirements have evolve towards efficient support mobility services that’s why consumer devices continue to prepare their way into corporate networks stated by Ramanan Raghavendran, managing director of TH Lee Putnam Ventures and Board of Directors member, Symphony Services. Teleca and Symphony Services both have conclusive skills and expertise that supports the global organization’s next generation of mobility and software. They remain committed to our valued clients and will maintain to experience the same level of services they have come to lean on.
REFERENCE:
http://www.globalservicesmedia.com/News/Home/Symphony-Services-and-Teleca-Merge/21/27/0/GS1202137210496
|
|
|
|
|
|
|
J.W. Marriot, Shangri-La Hotels & Resorts, Four Seasons Hotels & Resorts, Relais & Chateaux, Park Hyatt Hotels and Fairmont Hotels & Resorts are some of the high-end international hoteliers plans to significantly expand their presence in the next several years in India. One incentive is the increase of high-end travelers to the country, but analysts says that the main reason is the rising global importance in India within the business community, travel and hotel executives.
Regional Vice President of Development for Four Seasons in Asia, Christopher Wong said that similar to China, India manage to be one of the main growth engines in the world, and as the economy continues to grow, business travel towards and inside India will increase. According to the government’s ministry of Tourism, in 2007 there were around 270,000 business travelers to India, while in 2010 that number has jumped for more than a million. A forecast from the World Travel and Tourism Council predicts that the total business travel spending in India in between 2011 and 2021 will increase by 8.8 percent a year, from $26 billion to $72 billion. From back office operations in Mumbai, Bangalore and in Hyderabad and from American Companies that adds outsourcing have share for the growth according to the Vide chairman of Deloitte and leader of the company’s travel sector Adam Weissenberg. Because outsourcing involves high-end business travelers going to India from the West that expect luxury accommodations that’s why it results for high-end hotels to build properties in India.
In 2012, 230-room property in Bangalore while a 260-room in New Delhi in 2015 will be open by Toronto-based Four Seasons, bothe hotels will have high-end retail stores including private residences that cost between $800,000 and $3.2 million to purchase. Jw Marriott that currently locates in Chandigarh and Mumbai will open this year and next year in Gurgaon, New Delhi, Bangalore and in Chennai. While in Mumbai, in midyear, Shangri-La Hotels and Resorts set to open its second India property and between 2013 and 2014, two developments in Bangalore will be open too. The property in Mumbai which is 410-room will have views in the Arabian Sea and Mahalaxmi Racecourse and it has a private helipad on the roof top. And Park Hyatt Hotels which is located at Goa, and has a property that is soon be open in Chennai and Hyderabad this year. The Fairmont Hotels and Resorts that came from Toronto, Canada will open a 199-room property in Jaipur by March, the brand will enter India for the first time. It includes a hotel within a hotel that they call Fairmont Gold that offers complimentary amenities such as a lounge with tablets and computers, am elaborate spread of evening hors d’oeuvres like sushi and prawns, they will also offer hot breakfast and happy hour cocktails. The room rates is close to $400 per night.
Boutique property group Relais and Chateaux invested $14 million in their partners with local hoteliers plans to build new properties in India. Chief executive Jaume Tapies said that they see an opportunity to develop and the boutique hotel in India hasn’t really existed yet. Local employees trained in amenities, services and decor by the staff from Paris. In 20 upcoming properties of these high-end hotels, $14 million new capital will be invested in India.
REFERENCE:
http://specials.forbes.com/article/0flm4xV5NbaMt
http://www.top99news.com/2012/02/13/india-ink-outsourcings-surprise-by-product-more-luxury-hotels-in-india/
|
|
|
|
|
