SYNOPSIS
IT INDUSTRY
IT Industry has shown a great versatility in terms of growth and advancement from what
it was to where it is today. The IT and BPM sector is an integral part of India's economy.
In fact, globally India has been regarded as a know-how economic system because of its
superb IT industry. The IT enterprise in particular encompasses IT offerings, IT-enabled
offerings (ITES), e-commerce (on-line business), Software and Hardware products.
In the report, we intend to project how IT industry has grown over the years. We have also
highlighted the growth drivers of the industry and how they have had a significant
impact on the lives of common people, wherein it has helped people, who have settled in
remote areas to integrate with the other parts of the world. Technologies like Cloud, RPA,
IoT, AI & ML, have brought a great impact on the traditional methodologies and lifestyle
of people, right from automating the processes of supply chain industry to safe and
secured transactions that has made life so simple and easy, just with the click of a
button on the electronic devices. Covid-19 and its impact on IT industry has been mind
boggling, with people adapting to the change and moving to digital transformation.Covid19 has pushed companies over the technology tipping point- and transformed Business
forever. Companies have accelerated the digitization of their customer and supply-chain
interactions and of their internal operations by three to four years.
Some of the best practices like ITIL, Scrum, Agile and 6-Sigma have been key ingredients
of the IT industry. Our report also presents the understanding of how the digital
transformation is impacting manpower and how the workforce have been upskilling
themselves to match the pace of technology. Lastly, we have seen some of the
Government initiatives and what are the gaps in the industry which the digital world is
capable of solving.