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Thursday, November 13, 2014

Vishal Sikka: Indian IT Industry in downward spiral!

“I find all of us in the industry in a downward spiral. It’s like a treadmill of increasingly lower cost, hiring people faster and faster, from more and more mediocre places, training people less and less, putting them into job faster and faster. I think that is a wrong direction.”

Very insightful comments from a Industry Leader:

More than 100 days as the chief executive of India’s second-largest information technology (IT) services company Infosys, Vishal Sikka on Wednesday said he was upset at the sector. He added there was a “better direction” the industry must look to take.

Sikka, who comes from a software product background and was the chief technology officer at Germany-based SAP, said he found the IT services sector a “tale of two cities”.

On the one hand there were several opportunities, but on the other there was a “depressing reality” of focus on cost arbitrage and lowering costs.

“I was not deeply familiar with the services industry till recently,” Sikka said in his pre-recorded video keynote address at the CeBIT India conference in Bengaluru on Wednesday.

Sikka added the sector should not look at “doing old things cheaper” and instead look at doing “new things”.

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