Archive for March, 2009
March 9th, 2009 - Where is the money?
The whole IT and the ITES industry is facing a tough time currently.
Few days back Ramadorai (CEO of TCS) mentioned that TCS is going to cut the incentives, salary and ofcourse the workforce. Today I saw the official news that TCS is reducing it’s workforce. Every company is trying to curtail cost with the same or reduced revenue so that they can tide over this crisis.
Is this the first downturn for the IT industry? Nope, It is not. We have seen the Dot.com burst followed by the September 11 attacks which brought the industry to a grinding halt. What did we do then that we could not replicate now?
To recollect our knowledge, dot.com crash brought all newly created startups that setup shop for doing two things 1) Y2K solution or 2) Creating flashy Websites. With the dot.com burst and Y2K problem, the industry prepared for the next set of options. Everybody were talking about products instead of doing consulting service. So, how much product companies did we had? We had quiet a few which were great in their market. For example, we had iFlex (now Oracle Financial Services) which had the birst in class Core Banking solutions. Next we had Finacle from Infosys. There were other great products from AdventNet (also Zoho from the same company).
So did we had all companies as Product companies? No. Had all the product companies have become BIG.. No again except for iFlex and Infosys. Ofcourse Infosys became the second largest IT company in India not because of Finacle but with majority of consulting.
So for this downturn where will be the money come from??
March 7th, 2009 - Sorry for long leave :-)
Literally I had taken almost two months vacation from writing. First I had my MBA exams and next my day job was taking more time and energy out of me. I could not allocate more time for the TechCurry. But now I will make sure I will keep writing valuable thoughts on the Knowledge industry and the challenges faced by them.
Keep watching for more updates.
March 7th, 2009 - What just happened to Satyam?
Hello Readers, Welcome to the First (well… second) post of 2009. This post was suppose to be published on Jan 7th but couldn’t complete it.
You might have seen the last 2-3 months that Satyam is beaten from all the quarters of the Market, customers and the employees.
Does this raise the question on the Indian IT industry?