User:Brianchiu
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Object from The Future: India Silicon Valley
New
what is new about this object, what makes it different?
It is now the era of the knowledge society, and the Manchester of the industrial era has come to be replaced by the Silicon Valley. The 1500 sq. km. area of enterprise in California that came to be known as the Silicon Valley has become the gold standard for several international cities. Bangalore acquired the title well ahead of the others and as the author, James Heitzman, notes in his book, it is recognised as India's Silicon Valley even by those who live in the "original" in the U.S.
India's well-educated, English-speaking talent pool gives the region a competitive advantage over China and other Asian competitors, Khan said. "I know China has a way of getting things done," he said. "But when you talk about education and a talent base, that takes much longer to create."
Replace
what other objects does this object replace?
Outsourcing in India has experienced explosive growth with overseas companies getting everything from their customer support work to teleradiology done here.
Leading companies worldwide realize that to maintain stay ahead, they need to reduce costs, provide the best quality, use the latest high-tech skills, and be reliable and innovative.
Offshore assignments have moved up the value chain - from data entry to large and complex turnkey projects of 200 to 300 person years.
Applications include:
- E-Commerce
- Business Process Re-engineering
- System Migration
- Maintaining Legacy Systems
- System Integration
- CBI Application
Change
how could this object change its environment (remember the car example)?
Management Trends in Outsourcing
- Harvard Business Review has identified outsourcing as one of the most * important management ideas and practices of the past 75 years.
- Spending by U.S. organizations on outsourced business services will triple from $100 billion to $318 billion.
- Studies indicate that outsourcing is increasingly viewed positively by executives and top management alike, at both US and multinational companies.
Top US Companies Turning to Business Process Outsourcing According to a study released by PricewaterhouseCoopers, top US companies are turning to business process outsourcing based on interviews with senior executives at more than 100 U.S. companies averaging about $4.4 billion in yearly revenue.
About 73 percent of U.S. executives interviewed said their companies presently outsource one or more business processes to external service providers.
Growth
Are there many of these objects around, what are the growth statistics for these objects?
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Wipo
Tata Consultancy Services
Infosys
India IT Software and Services Industry (US$ billion)
Source: NASSCOM
India’s software industry statistics illustrate the massive strides achieved by this sector and the opportunities the future holds. According to NASSCOM’s estimates for the fiscal year 2000-01, the country’s software industry is worth $8.26 billion, up from $100 million ten years ago.
Software Export as a percentage of India’s Total Export
<right>Source: NASSCOM</right>
According to the NASSCOM-McKinsey study, the Indian software industry is expected to gross US$50 billion in exports in 2008! This is based on an average growth rate of 35 percent per year. The industry is well placed to achieve this target.
Other
any other issues that you feel to be relevant
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Labour
China competition
BRIC effect