DisclaimerThe opinions expressed herein are author's opinions and do not represent e-Zest's view in anyway. © Copyright 2008
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e-Zest Solutions congratulates Democrat Barack Obama forbecoming President of America. This is a historical event since he is the firstblack president of America.
This victory of Democrats over Republican hints that USpeople wants a balanced economy on priority than war waging government.
There is a heated discussion on aftermath effects of USPresidential elections on Indian IT industry. Some say outsourcing will bedoomed but I strongly feel that need of cutting cost in most of globalterritories will need more and more IT. Barack Obama knows that curbingoutsourcing in one night will increase problems manifold rather than resolving.He will try to create new jobs and opportunities to calm US citizens’ agony.
All the very best to Obama for creating newer jobs for USpeople, seeding peace movement across world and helping nations fight globalslowdown successfully. India will keep supporting world businesses with itshigh quality and low cost IT solutions.
Hello from New York! We have completed almost a month of UK & US tour. We left India on 8th Sep. Its tiring but exciting tour.
While discussing with our clients & prospects, to my surprise most of them were discussing Indian economy, Indian companies as prospective customers to them & how we can help them in this India endeavor. Most of business professionals & entrepreneurs expressed their faith in Indian economy, potential of India market & revealed their future key strategy to look into & develop products for growing markets like India. Quality products, world class technology & domain expertise will definitely help to uplift standards of Indian businesses, infrastructure & social environment.
So, its great news for corporate & political India. Government need to continue pace of reforms & provide conducive as well as safe business environment. Corporate Indian organizations like FICCI, CII, NASSCOM also need ensure that these international companies who are looking at India as a key market should not get duped by fly by night operators.
Regular violence & bomb blast news from India scare many here. But that's big topic!
Salute to India & her Mahatma on this occasion of 2nd October.
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IT services companies can relax a bit with news coming from Gartner managing vice president, Joanne Correia. US sub-prime crisis has haunted software services company higher authorities with a fear of diminishing IT spending. But prediction from Gartner that worldwide IT spending should top $3.4 trillion in 2008, up 8 percent from 2007, will give them a restful night’s sleep. Much of this growth is due to the decline in the U.S. dollar.
Software spending and IT services are expected to see the biggest gain, up 10 percent and 9.4 percent respectively in 2008. "Software as a service/cloud computing, service-oriented architecture/Web 2.0, and open-source software are causing huge changes to the software market," wrote Joanne Correia in a research note. "Many of these factors are impacting market growth as enterprises replace assets with per-use services."
With internet proliferation on-demand services are on high. Even desktop bully Microsoft is trying to taste waters in web world with software as a service offerings lined up. Coming few years will be most happening and we may witness desktop losing major chunk of pie to cloud computing. But whatever may be the scenario IT spending will grow up at least in 2008.