The industry landscape especially the IT landscape apparently has undergone a huge change in recent times. India's blue chip IT sector is experiencing rough weather from the tightening of visa regime in the US, increased automation of level 1 and level 2 jobs, Brexit and from top IT companies taking tough stance on 'restructuring' and 'performance management' for their organization. India's $150 billion outsourcing industry finds itself at a tipping point. The symptom we see from this includes cutting staff strength, slowing down hiring, reducing travel and discretionary spends etc.
A recent Mckinsey report has pointed that a significant proportion of 37 lakh IT workforce will become irrelevant in the next 3-4 years. While the scenario sounds alarming, this is a wakeup call for us.Management books, self-help books and spiritual books – all point to the same golden mantra. That we need to focus on what we control and do not lose our sleep on what we cannot control or things which are out of us. We need to keep on buttressing our strengths and relentlessly diminish our weaknesses to meaningfully contribute to manage and grow our professional careers. Vishal Sikka, Infosys CEO, in his New Year note to employees had said “We will not survive if we remain in the constricted space of doing as we are told depending on cost arbitrage and working as reactive problem solvers”.
So we need to reinvent ourselves and adapt with the changing business models of the IT industry. We need to proactively understand the “value proposition” we bring to the table and deliver added value to our customers and stakeholders. This also should be a great trigger for us to upskill, cross train and upgrade ourselves on new and emerging knowledge and skills. You can also think of volunteering for 'stretch projects' to pilot new ideas that could deliver added value or hone new skills. Like any other business, Indian IT industry has gone through trough and crest in the past and I am sure, it is only natural that the IT industry (and it's workforce) will reinvent itself to take it back to its leadership level in future.
Thanks and Best Wishes,
Soumen De, PMP
Technology Support : : Ramesh Chandra Pathak, PMP
Murali Santhanam, PMP
Namita Gupta, PMP, PMI-ACP
Rama K, PMP, PMI-ACP
Shikha Vaidh, PMP, PMI-ACP
Soumen De, PMP
Sujata Sahu, PMP