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Hear Cognizant Vice-Chairman R Chandrasekaran talk about the way lives are changing due to disruption in information technology and the need to adapt or be left behind.
It’s the age of sharing, cooperation and collaboration and India’s 150 billion dollar IT industry is bracing itself to partner with consumers and start-ups to manage transformation due to disruption.
Speaking at the inaugural session of the Nasscom India Leadership Forum 2016, R Chandrasekhar, President, Nasscom said, “The scope and scale of disruption will be much higher than expected.” He elaborated that this would mean that organisations will get leaner, fitter and younger. Experts say this means that the IT sector will have to have to abandon long-term plans, re-define business models and re-skill its workforce.
These disruptive changes are now making IT companies the shift focus from engineering to creativity. The challenge for the sector in these disruptive times, is to build cost-effective, low-cost solutions based on the confluence of several different technologies. And experts say that the best way to do that is to build ‘Smart Enterprises’.
BVR Mohan Reddy, Chairman, Nasscom explained that the ‘Smart Enterprise’ of the future, will be a place where machines join the workforce and algorithms have a seat on the board. He stated that, as a step towards building these smart enterprises many organisations are now engaging and partnering with start-ups as their innovation labs.
N Chandrasekaran, CEO & MD of Tata Consultancy Services (TCS) said, “Technology is moving from being feature-rich to experience-rich.” Speaking of the changes in the IT sector landscape he said, “In the future human beings will just manage design and empathy and algorithms will do everything else.”
Experts say, that while the disruptions will make the IT sector re-define business and processes, it will also mean a multi-billion dollar opportunity. An opportunity, that could help turn the Indian IT sector’s image from ‘back-office’ to ‘front-end’.