Indian IT industry is well known across globe because of its cheap labor, quality service and English speaking resource pool. Today, if we look at world map various new destinations are coming up with same qualities which Indian IT industry have like resource pool, cheap labor, English speaking professionals etc. According to the recent Mc Kinsey report on IT destinations, it gave 2*2 grid of quality and cost for new IT destinations like Vietnam, Russia, China, Brazil etc.
If we follow the grid, today we are ‘BEST’ in both cost & quality but other countries like china, Vietnam are not far behind us in it. So to differentiate our self from them we will have to think differently. Today, other major hindrances to our position are:
High attrition
Rupee Appreciation
Talent crisis
Salary hike
High Attrition: In India after BPO industry software industry have higher attrition of about 25-30%.
Rupee appreciation: In last one year of time, our SMEs lost huge amount due to rupee appreciation issue.
Talent crisis: According former NASSCOM Head Mr. Kiran Karnik and Mr. Narayanmurty, only 30% of engineers produced in a year are useful or can be suited as per companies’ requirement. So there is huge gap between talent required and talent available in our country. If it will continue in same manner for time being, this problem will surely affect our position.
Salary Hike: Today, due to resource crunch professionals used to demand more salary after one or two year of time, to be there in same company. According to one report, nearly 30-35% hike they (IT professionals) demanded.
Recently NASSCOM has taken an initiative for various professional educational institutions and universities that they introduced the syllabus as per industry demand which help companies and students to match the right thing with prior knowledge.
Another initiative taken by NASSCOM is nation-wide search for innovative companies. It’s conducted for the fourth time in India and positioned as an annual feature on NASSCOM’s roster of activities, unveiled a wide spectrum of young enterprising companies and some of the large companies that are making waves both at home and overseas.
These companies have managed to stand out and differentiate themselves in highly competitive, often adverse market conditions and carved a niche for themselves using breakthrough technological products and novel market initiatives.
There is list of TOP 100 IT INNOVATORS 2007
INNOVATION IS KEY TO DIFFERENTIATE & SUCCESS.
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2 comments:
I also read about that NASSCOM is starting a course which will bridge this talent gap between graduates and recruits. They are thinking of launching a foundation course.
yups thats true, actually NASSCOM launch its first target mission as Bangalore university then in its other universities are chennai, punjab etc..
Lets see does it really work?
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