The us administration has taken several steps to

This preview shows page 7 - 8 out of 8 pages.

The US administration has taken several steps to reform the work visa program that outsourcers have used to bring in workers from overseas. Last month, the justice department warned employers applying for the visas not to discriminate against US workers, while the Citizenship and Immigration Services agency issued a memo laying out new measures to combat what it called “fraud and abuse”. In signing the executive order, Trump said there had been “widespread abuse” and directed federal agencies to find ways to reorient the program”. Infosys Ltd said it plans to hire 10,000 Americans in the next two years, following criticism from the Donald Trump administration that the company and other outsourcing firms are unfairly taking jobs away from US workers. Infosys, which employs about 200,000 people around the world, will expand its local hiring in the US while adding four hubs to research technologies such as artificial intelligence and machine learning. The first location will open in Indiana in August 2017 and is expected to create 2,000 jobs for American workers by 2021, the company said. Nasscom India’s IT-BPM industry is projected to grow ~8% in FY2017 to USD 154 billion . In light of the very disruptive emerging technologies, the industry is re-imagining itself to become the Digital Solutions Partner for the world.
Image of page 7

Subscribe to view the full document.

This report analyses the IT-BPM market size by segments (IT services, BPM, ER&D, Software Products and ecommerce). More importantly, the report traces India’s digital journey both from the user perspective (how firms in India are digitally transforming themselves) and provider’s angle (how technology firms are building their own capabilities and infrastructure to enable this transformation. Road Ahead India is the topmost offshoring destination for IT companies across the world. Having proven its capabilities in delivering both on-shore and off-shore services to global clients, emerging technologies now offer an entire new gamut of opportunities for top IT firms in India. Social, Mobility, Analytics and Cloud (SMAC) are collectively expected to offer a US$ 1 trillion opportunity . Cloud represents the largest opportunity under SMAC, increasing at a CAGR of approximately 30 per cent to around US$ 650-700 billion by 2020 . The social media is the second most lucrative segment for IT firms, offering a US$ 250 billion market opportunity by 2020. The Indian e-commerce segment is US$ 12 billion in size and is witnessing strong growth and thereby offers another attractive avenue for IT companies to develop products and services to cater to the high growth consumer segment. Source: Indian Brand Equity Foundation Inference India’s success in software services exports has given it a unique competitive strength. In an increasingly digital world, India has the manpower and the head-start needed to build the kind of global position that, for instance, Germany has in engineering or before that Britain built with its naval fleet. Pink slips are likely to be given for jobs in manual testing, technology support and system administration since these are increasingly going to be managed by AI and robotics process automation based systems.
Image of page 8
  • Fall '17
  • nm
  • Math

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern