Indian IT is No Longer Playing Catchup – Rajesh Gopinathan
Indian IT firms have been seen over a previous couple of years invested in building capabilities in many developing digital areas and developing platforms, helping out clients transform their business.
“The huge change is that we had always been playing catch-up … not anymore,” Gopinathan said during a discussion with Wipro chairman Rishad Premji about the discussion from our client CEOs.
Wipro CEO, Premji said – “Since most global companies now have huge resources deployed in India, the concept of Indian technology companies in race with global technology companies had changed dramatically and now all companies were considered largely multinational thanks to their presence in several geographies.” he added that – “I wouldn’t stack Indian companies and global companies separately because we’ve all taken an identical calibration”.
On certain discussion on the trend of activist investors holding companies accountable in well-developed economies, Parekh of Infosys said it had been inefficiency during a business that would be delivered to attention by activist investors or others, but if the leadership or management was “constantly paranoid” and enhanced performance, as Both sectors are changing the manner they allocate funds for technology, with a substantial slowdown in spending within the past year, then they might not face issues.
In the Closing statements Premji described that the high promoter ownership in Wipro allowed the corporate to be protected against such challenges, defining the power to use data smartly would be a key opportunity to tackle,the overall slowdown in the macroeconomic scenario was the sole main concern but added that it had been aware of any concerns.
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