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IT Industry invests in innovation to adapt to changing marketplace

Indian software companies may not be reporting the 25 to 30 per cent growth rates they had witnessed a few years ago – and probably will never again – but they are still making rapid strides on the back of innovation, improved revenue productivity and by investing heavily in technology such as automation and the Internet of Things (IoT).

Says Sanchit Vir Gogia, CEO, Greyhound Research, another IT research and advisory firm: “While we might churn out lakhs of engineers every year, most of them are unemployable. Shifts in technology landscape means that even existing employees need to be reskilled in emerging technologies. Not all employees might be able to make the transition. Ability to attract and retain talent is going to be key.” He sites efforts by Infosys to train its employees in design thinking.

Source: Business Today India

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