The Indian IT industry playing a leading role in the Industrial Revolution 4.0 globally
By MYBRANDBOOK
Dominic Vijay Kumar,
VP & CTO - ART Housing Finance (India)
CIO priorities for 2022
In 2021, employers had to respond to major workforce demands for remote work, flexible schedules, higher pay, and respect for health and safety. Kids are back in school, and as the environment shifts, so will workplace expectations.
Differentiation will be the challenge for employers who need to hire in 2022. Talent has options now. It created a more acute awareness of what they are willing to accept and what they are not, whether it be relocation, whether it be salary, whether it be culture.
Digitization - opportunities galore
Business transformation is an umbrella term for making fundamental changes in how a business or organization runs. This includes personnel, processes, and technology. These transformations help organizations compete more effectively, become more efficient, or make a wholesale strategic pivot. Organizations across industries enjoy the benefits of digital transformation - it enables businesses to modernize legacy processes, accelerate efficient workflows, strengthen security, and increase profitability.
Tech talent: a challenge
· Know your customer as well as you know your technology
· Put cloud at the centre of your tech strategy
· Become the fastest learner
· Make developer experience the cornerstone of talent strategy
· Make security an enabler of speed and growth
· Identify your strengths and weaknesses.
· Revisit your current job requirements.
· Review your recent performance evaluations.
IT: The Future of India
The Indian IT industry has grown rapidly with an exponential growth rate after the economic reform of 1991-92. India’s technology services industry can achieve $300-350 billion in annual revenue by 2025 if it can exploit the fast-emerging business potential in cloud, artificial intelligence (AI), cybersecurity and other emerging technologies
The IT industry has steadily augmented and accelerated the growth of India. This industry absorbs a large pool of Indian skilled human resources which makes the country a global IT hub. It has been instrumental in transforming the whole Indian economic and governance landscape. India’s IT industry is gaining footsteps in new disruptive technologies and will play a leading role in the ongoing fourth industrial revolution globally. The future belongs to India with a great share of work from different parts of the world and placement of Indian experts across the globe.
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