Summarized by: Marcos Lozano García

“How Automation & AI To Lure Hefty

Investments In Indian IT Industry In 2019”
(Smriti Srivastava, Analytics Insight, 29 December 2018)

“Aiding clients in optimizing operations to stand strong in competition, the Indian

industry has promoted itself from back office of the globe to the forefront of
innovative shifts”

https://www.analyticsinsight.net/automation-ai-to-lure-hefty-investments-in-
indian-it-industry-in-2019automation-ai-to-lure-hefty-investments-by-it-industry-
in-2019

Indian IT industry is aspiring for huge investment strategies in automation & AI

sector. 1) IT companies are centered at influencing new technologies &
generating innovative skills, strategies & alliances. 2) As strict work visa rules &
regulations in countries like the US, UK or Australia are becoming prominent,
Indian IT companies are striking the counter to the situation by uplifting their
existence by hiring locals. A) Mohan Reddy, Cyient executive: “Indian
technology industry’s business model has moved away from cost-arbitrage to
solution provisioning & value creation. Visa issues will not be a concern for
sustained industry growth”. B) Implementation of GDPR (General Data
Protection Regulation) has been foreseen as a source of competitiveness for
customers in the European Union. 3) India is generating its own constituted
data protection rules. 4) Milestones of IT Companies. A) TeamLease’s survey
reveals that the IT industry is all set to generate around 2,500,000 new jobs in
2019. Robotics, AI & Automation will play a major role in renovating workplace
& workforce with the highest pay advancements in AI development, ML & Big
Data Analytics. B) Genpact chief human resources officer Piyush Mehta:
“There is a massive untapped workforce in non-IT sectors such as healthcare,
banking or manufacturing. According to Nasscom, over 1,200 new advanced
technology start-ups got added to the ecosystem in 2018, with data analytics
being the largest contributor.”

[TAGs: automation, AI, industry, IT companies, GDPR, data protection,

sensitive data, processing data, IoT, robotics, machine learning, Big data, data
analytics]

FACTS & FIGURES

 NASSCOM has envisaged the exports to grow about 7 to 9% for 2018-19

which is almost like the previous fiscal.
  Domestic revenue is likely to grow faster at 10 to 12% that may lead to
new transformative year with overseas financing.

 This year the big milestone was TCS crossing the $100 billion market
valuation mark.

 Bengaluru-based tech firm Infosys experienced a year of stabilization

after a long upheaval.

 Infosys CEO Salil Parekh has crafted a three-year transformation plan

out.

 Infosys plans to hire around 10,000 locals in the US.

 According to Nasscom, over 1,200 new advanced technology start-ups

got added to the ecosystem in 2018, with data analytics being the largest
contributor.

 TeamLease’s recent survey reveals that the IT industry is all set to

generate around 2,500,000 new jobs in 2019.

THESES/ MAIN IDEAS

 Indian IT industry is aspiring for the new year with huge investment
strategies in automation & AI sector.

 Indian IT companies are centered at influencing new technologies &

generating innovative skills, strategies & alliances.

 As strict work visa rules & regulations in countries like the US, UK or
Australia are becoming prominent, Indian IT companies are striking the
counter to the situation. Indian firms are uplifting their existence by hiring
locals.

 Indian technology industry’s business model has moved away from cost-
arbitrage to solution provisioning & value creation.

 India is generating its own constituted data protection rules that will deal
with the definition of personal & sensitive data.

SCENARIOs:

 Visa issues will not be a concern for sustained industry growth.

 Implementation of GDPR in the European Union is considered as

massive development in 2018 & for some, it has been foreseen as an
opportunity.
  The norms of GDPR will not only strengthen & protect data of individuals
in the region but also designate heavy penalties for non-compliance by
firms.

 Robotics, AI & Automation will play a major role in renovating workplace

& workforce with the highest pay advancements in AI development, ML &
Big Data Analytics.

 AI may take over a few jobs in the short term, but it has a very high
potential to create a new one.

 There is a massive untapped workforce in non-IT sectors such as

healthcare, banking or manufacturing.

 AI, IoT, Blockchain & Cybersecurity to be decisive trends for the coming.

RECOMMENDATIONS

 India has now the opportunity to build expertise & capabilities, create
new lines of advisory & consulting businesses, develop a market
differentiator & be a source of competitiveness for customers in the
European Union.

 Escalating threat landscape with a spate of high-profile breaches &

increase focus on regulations have ensured that the cybersecurity &
governance risk & compliance services are much sought after.

 With bots taking up more mundane tasks, employees are pushed to think
‘value’ even more & this has given rise to skill sets that are required in
business as of today.