Tuesday, 25 December 2012
Indian IT in 2013- Some basic things to know
Indian IT in 2013 has a great opportunity but the point is that the Indian IT industry must have to grab this opportunity and utilize it to make a good business. So here are few points which Indian IT industry need to know for Indian IT 2013 Season-
IT export business-: Nasscom expects India's IT exports business to meet the lower end of 11%-14% growth in FY12. However, analysts have a more conservative outlook due to the slowdown in Europe and continuing uncertainty in the US.
Cloud -: Cloud remains a buzzword, with insiders expecting significant pick up in actual contracts in 2013. As cloud helps in cutting capital expenditure, cost-conscious large corporations are testing the waters.
Data Analytics-: From large retail chains to investment banks, corporations across the world are leveraging data analytics technology for better decision making and to predict customer behaviour.
Mobility-: India's IT providers create mobile applications for some of the world's largest organisations. As the number of mobile phones and tablets increase, this segment is expected to be an important revenue generator
Rising visa costs & denial rates-:
India's IT services sector is facing increased scrutiny from US immigration officials as the political backlash against outsourcing continues. Industry body Nasscom estimates that in 2012, the United States issued 102,000 work visas, of which 60% went to the Indian IT industry.
Analysts expect the Indian IT industry to witness higher visa denial rates and visa costs in 2013.
Higher technology adoption and outsourcing by Indian corporations and government is expected in 2013, opening up new opportunities for IT services companies with meaningful India presence.
Consolidation in IT sector-: If 2012 was the year of acquisitions for large-caps Infosys and Wipro, in 2013 mid-tier IT providers are expected to be active on the consolidation front. Companies like Hexaware, L&T Infotech, iGate, Persistent Systems etc are said to be scouting for possible acquisitions.
In 2012, Infosys bought Zurich-based consultancy firm Lodestone, while cross-town rival Wipro bought Australia-based analytics provider Promax; Mumbai-based Tech Mahindra made two acquisitions.