India's IT industry would need to be more innovative to cope up with the future challenges as clients would look for "innovative partners" rather than "software partners", vice president Hamid Ansari said after the inauguration of the new headquarters of Nasscom in Noida's Sector 126.
Backing the recommendation of an expert committee by NITI Aayog, which suggested the setting up of an 'Innovation Mission', he said that there is a lot of churn happening in the IT industry and companies will have to do a lot to address challenges put forward by cloud computing, evolution in software and service models, digital disruption and shrinking manpower needs because of software evolution.
Quoting a recent Nasscom-McKinsey report "Perspective 2025: Shaping the Digital Revolution", he said that the industry is well on track to grow from $132 billion in 2014-15 to $225 billion by 2020 and further touch $350 billion by 2025.
"Even with the growth trajectory so well charted, below the calm waters, there is lot of churn happening as well and companies will have to do a lot to address the challenges as well," he said as he enumerated the challenges in the short and intermediate terms including cloud computing, evolution in software and service models, need to develop products, digital disruption and shrinking manpower needs because of software evolution.
Ansari told a gathering of Nasscom employees and young entrepreneurs that the future growth of our IT industry will be in being able to create futuristic business scenarios and engineering digital disruption rather than coping with its effects. "In short, you will have to be more innovative," he said.
Quoting former RBI governor who shared the idea of an "idea factory" at an event at the Indian Institute of Technology (IIT) Delhi last year, he said that a scientific temper and a conducive social ambience, is required for development of revolutionary ideas.
"The former RBI governor listed out some of the ways for a nation to keep the idea factory open. That is the operative word. He suggested that the first essential is to foster competition in the market place for ideas by encouraging challenge to all authority and tradition an extremely difficult thing to do in our environment," he said. Even while acknowledging that the only way of dismissing any view is through empirical tests, imposition of a particular view of an ideology is ruled out and all ideas are subject to critical examination, he added.
"The second essential, according to him (Rajan) is protection not of specific ideas and traditions but the right to question and challenge, the right to behave differently, so long as it does not hurt others seriously. In this protection lies societal self-interest for it is by encouraging the challenge of innovative rebels that society develops," he said.
Backing the recommendation of an expert committee by NITI Aayog, which suggested the setting up of an 'Innovation Mission', he said that there is a lot of churn happening in the IT industry and companies will have to do a lot to address challenges put forward by cloud computing, evolution in software and service models, digital disruption and shrinking manpower needs because of software evolution.
Quoting a recent Nasscom-McKinsey report "Perspective 2025: Shaping the Digital Revolution", he said that the industry is well on track to grow from $132 billion in 2014-15 to $225 billion by 2020 and further touch $350 billion by 2025.
"Even with the growth trajectory so well charted, below the calm waters, there is lot of churn happening as well and companies will have to do a lot to address the challenges as well," he said as he enumerated the challenges in the short and intermediate terms including cloud computing, evolution in software and service models, need to develop products, digital disruption and shrinking manpower needs because of software evolution.
Ansari told a gathering of Nasscom employees and young entrepreneurs that the future growth of our IT industry will be in being able to create futuristic business scenarios and engineering digital disruption rather than coping with its effects. "In short, you will have to be more innovative," he said.
Quoting former RBI governor who shared the idea of an "idea factory" at an event at the Indian Institute of Technology (IIT) Delhi last year, he said that a scientific temper and a conducive social ambience, is required for development of revolutionary ideas.
"The former RBI governor listed out some of the ways for a nation to keep the idea factory open. That is the operative word. He suggested that the first essential is to foster competition in the market place for ideas by encouraging challenge to all authority and tradition an extremely difficult thing to do in our environment," he said. Even while acknowledging that the only way of dismissing any view is through empirical tests, imposition of a particular view of an ideology is ruled out and all ideas are subject to critical examination, he added.
"The second essential, according to him (Rajan) is protection not of specific ideas and traditions but the right to question and challenge, the right to behave differently, so long as it does not hurt others seriously. In this protection lies societal self-interest for it is by encouraging the challenge of innovative rebels that society develops," he said.
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