OUTSOURCING MODEL DISRUPTION
Fear of becoming obsolete: How to hedge against AI stealing your job
Knowledge workers including administrators, financial analysts, and software developers should prepare for significant changes due to AI advancements. Embracing AI to become more productive and having a backup plan is essential. AI could transform or replace many high-paying jobs, making career adaptability crucial for future job security.
IT services firms see proactive deal renewals by clients on AI upsurge
This is likely to see a decline of longer-tenured contracts upwards of 5-10 years with a greater number of shorter period and smaller sized deals going forward. It is also in line with top executives calling for the outsourcing model ripe for disruption with a focus on outcome-based projects than just people-led model, experts say.
Fair Winds: TCS to navigate challenges with AI and emerging opportunities
TCS had its share of ups and downs in the last 12 months, but what lies ahead for the $29-billion IT giant in 2025? As the company faces increasing competition and a changing market, opportunities in AI, digital transformation, and deal consolidation could steer its growth.
Avoiding the startup death spiral: How to fix your cash flow crisis
One of the most common causes of cash flow problems is delayed payments. Late payments from clients disrupt financial planning, making it challenging to meet operational expenses or invest in growth.
India’s IT services: getting GenAI-ed?
For the first time, top executives of TCS and Wipro, among others, have acknowledged that the correlation between workforce addition and revenue may fade in the future due to GenAI-driven efficiency and productivity gains.
Companies need to move quickly on new tech to stay secure: Zscaler CEO
Jay Chaudhry, CEO of Zscaler, warns about AI's potential misuse by hackers to exploit vulnerabilities rapidly. He stresses the urgency for IT departments to adopt emerging technologies for security. He highlights the critical need for enterprises to secure AI tools like ChatGPT and Copilot to protect sensitive data, emphasizing that future wars may hinge on cyber capabilities.
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Indian IT biggies like TCS & HCLTech may have nothing to worry about when it comes to H-1B visa changes
Indian IT services firms, including major players like TCS and HCL Technologies, stand to benefit from potential H-1B visa reforms despite their small share of visa sponsorships. The proposed changes may boost the offshoring model in India amid challenges like the flat wage proposal and local talent shortages in the US.
Green energy to pay big money, AI talent race to continue in 2025
HR trends will focus on hybrid work models, mental health, DEI advancements, and AI integration. Demand for specialized talent will increase. CXO salaries continue to rise, driven by AI, cloud computing, and performance-linked pay. Emerging technologies and sectors like green energy and healthcare will drive compensation growth. AI will transform hiring, skilling, and reskilling. Skills inventory will be essential.
AI startup Basis raises $34 million for accounting automation 'agent'
New York-based Basis is part of a category of AI startups creating autonomous agents, or systems that use AI to perform actions on their own. Executives in the field such as OpenAI CFO Sarah Friar have said such systems will dominate the AI agenda next year, as models have recently gotten to the point where they can carry out long-term planning.
IKS Health management on AQuity acquisition, falling margins & future plans
IKS Health sees massive growth in US healthcare. The company leverages technology, including AI, to deliver efficient solutions. It aims to expand its market share in the US. IKS Health is also eyeing potential expansion into the Australian and Canadian markets. The company plans to bring its expertise to India in the future.
Geopolitics, Covid-19, LLMs disrupted semiconductor supply chain: industry execs
At the Nasscom Future Forge Conclave, senior executives from the semiconductor industry spoke at the conclave about semiconductor design in India, and semiconductor consumption market trends.
RBI's norms on outsourcing IT services aimed at improving corporate governance, say experts
The Reserve Bank of India has recently come out with detailed norms for the outsourcing of IT services by banks, NBFCs and other regulated financial sector entities to ensure that such arrangements do not undermine their responsibilities and obligations to customers.
Carbon emission by India's tech outsourcing industry dips 85% due to Covid: Report
The travel expense of top five IT services companies TCS, Infosys, HCL, Wipro, Tech Mahindra) reduced by around 75% to $370 million in the financial year 2021 compared to $1.4 billion in the financial year 2020
Genpact sees influx of first-time outsourcers in a pandemic year
The business process management company expects its total revenue for 2021 to be in the range of $3.93 to $3.99 billion, which translates to 5%-6.5% growth in constant currency terms.
Hedge fund managers look to outsource work amidst Covid pandemic
As per a survey by KPMG, more than 70% of the hedge funds said that outsourcing part of their work may actually be more efficient.
Digitalisation is now forcing Nasscom to reinvent itself
As digitalisation & outsourcing outcry hit the Indian IT biz, the strong body representing it, is changing its stripes.
How MSMEs can access skills through crowdsourcing
A startup or an MSME is advised to look at a relevant crowd sourced model, see which of these models are relevant to them, deploy a SPOC (Single Point of Contact) to manage the requirements.
IT firms should invest in talent strategy that help shift to cloud: Gartner expert
The industry expert at the IT research firm Gartner said most of these services companies need to create a skills lifecycle management programme to manage the crisis of job losses and skill gap.
Clients' demand for quick service, short-term deals force IT cos to alter delivery models
Tata Consultancy Services and Wipro are looking to adopt the new shorter and quicker delivery model at scale, rather than on selected projects.
Global giants like Citigroup, RBS are shifting business away from Indian IT companies. Here's why
Some customers feel that the cost benefit of Indian IT is starting to become less relevant and that top outsourcing vendors need to transform fast.
Infosys helping clients set up captive tech centres at low-cost locations
Sources said that Infosys has helped Visa set up a technology centre and held talks with Daimler AG on building a technology facility.
Why Indian IT firms want to shift outsourcing projects from offshore to onshore model
The emergence of robotics automation, as has been widely reported, has the potential to disrupt the traditional “pyramid model” of Indian IT.
Target $15 billion, EY advisory business looks to disrupt self
The advisory business is currently close to $7 bn in revenue and 35,000 employees, said Norman Lonergan, global vice chair for advisory at EY.
Top brass of Tech Mahindra goes to school in Silicon Valley to learn technology innovation
Senior executives at Tech Mahindra travelled from Mumbai to Silicon Valley to learn about the big transformations in technology industry.
iGate launches ad campaign, looks to disrupt the traditional outsourcing model
iGate has been vocal about breaking the 'time-and-material' model with its out-come based strategy that would charge for the outcome of a project.
The basic notion of IT services in India is to flatten the pyramid: Jeya Kumar, IPsoft
Eliza, based on expert systems built by IPsoft, is the company's most ambitious project yet.
Cloud computing offers Indian information technology new growth opportunities
Cloud computing would emerge as the key advance in IT services and applications, says Gartner, the technology research firm, in its forecasts for 2012.
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