Srikar Palem Reddy of Sonata Software,Atul Jalan of Manthan Software Services,Noshin Kagalwalla of SAS Institute India,Sandeep Mittal of Cartesian Consulting & Prithvijit Roy of BRIDGEi2i Analytics Solutions emerged as top six finalists nominees for the coveted “Indian Affairs innovative IT Business Leader of the year 2018” at 9th Annual India Leadership Conclave & Indian Affairs Business Leadership Awards 2018

Indian Affairs innovative IT Business Leader of the year 2018 Nominees

1.Mr.P. Srikar Reddy,Managing Director & CEO, Sonata Software Limited
2.Mr.Atul Jalan,CEO & MD, Manthan Software Services Pvt. Ltd
3.Mr.Noshin Kagalwalla, Managing Director, SAS Institute India Private Ltd
4.Mr.Sandeep Mittal, Managing Director, Cartesian Consulting
5.Mr.Prithvijit Roy,CEO & Co-founder,BRIDGEi2i Analytics Solutions
6.Mr. Sivaraman Swaminathan, Co-founder & CEO, Hansa Cequity


Overview

Despite multiple challenges, there is also optimism about the prospects of India’s IT services industry for the coming decade. First, the industry has gone through, and survived, trying times before, such as the dot-com crash of the early 2000s and the 2008 financial crisis. Second, the major IT services firms devote significant resources to employee training and development, offering world-class facilities and educational programmes for new and existing employees. Third, some of them are also beginning to adopt new business models and develop new products and platforms to wean themselves off low value-added services and time-and-materials and fixed-price pricing models. Finally, the $1.2 trillion global IT industry, growing at a rate of 4% a year, will continue to offer opportunities for IT services firms operating at all stages of the IT global value chain. CIOs (chief information officers), the primary customers for IT services, tend to be risk-averse and like to do business with firms with which they have had good prior experiences. All of these factors should continue to offer opportunities for India’s IT services firms for the foreseeable future.

However, not all firms will do well, or even survive, in the new, hyper-competitive global business environment. Only firms that continually upgrade their capabilities and offerings in line with emerging technologies and market imperatives can hope to survive and even prosper in this environment

India is one of the world’s largest, fast-growing emerging economies, with a rapidly increasing population. Thanks to strong economic growth for nearly a decade, poverty has been cut in half. Growth faltered between 2012 and 2014 when it picked up again. Future growth prospects look good, although poverty continues to be a major challenge. Despite the abundant supply of a large, low-cost labour force, recent economic growth has relied mainly on capital investments and skilled labour.

Innovation is seen as critical to India’s socioeconomic development. Through its national strategy, Decade of Innovations 2010 20, the government aims to strengthen S&T capacities based on “a strong and visible Science, Research and Innovation System for High Technology-led path for India” (SRISHTI). The goal is to raise gross domestic expenditure on R&D to 2% of GDP with a doubling of the business contribution by 2020. The 12th Five Year Plan (2012 17) emphasises reinforcing India’s education system, boosting investment in S&T and fostering translational research.



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