Infosys COO U.B.Pravin Rao denied reports of mass layoffs and said the minuscule layoffs are due to annual appraisal process to weed out bottom performers. He said that Infosys is planning to hire 20,000 techies this year. New technologies in the IT sector has opened up new avenues and hence, Infosys is in look out for employees well versed in new talents and skill set.

 

Only around 300 to 400 people have been laid-off as a part of the annual appraisal process and these are the bottom performers or non-performers. Mr.Rao said that Infosys is the largest exporter of IT and it is adding more jobs, more people and is sending out few people based only on performance.

 

 

It has to be noted that Wipro, TCS, Cognizant and other IT companies are also laying off employees and they have coined this as annual appraisal process for getting rid of non-performers. But the people in the industry are worried regarding the rumor that thousands of techies are going to lose jobs in a foray. But the industry bigwigs are brushing off, saying that these are just rumors.

 

TCS which is a major player in the IT industry has given employment to 2.5 lakhs people in the last three years and is planning to hire nearly 20,000 techies this year. The IT industry is already facing obstacles like taxes, stricter work permit regimes in U.S, U.K, Singapore, Australia and New Zealand. Hence the mass layoffs come as a shocking news to employees.

 

Regarding mass layoffs, various employee unions have approached labor commissioners and state governments to intervene in the matter. But the reputed IT companies are still saying that the news of mass layoffs are overstated.

 

Infosys COO Mr. U.B.Pravin Rao again reasserts that, Infosys has hired 20,000 IT professionals last year and hence will surely hire 20,000 employees this year. He added that in the first half of the year Infosys may add 10,000 IT professionals to its workforce. Hence, I want to usher in that there is still a ray of hope for IT job seekers in India and there should be no room for panic.

 

Source: Article from economictimes.indiatimes.com

 

Automation is the new mantra of the IT world and most of the repetitive low skilled IT jobs are being automated replacing humans. Artificial intelligence, 3D printing, design thinking, internet of things, and robotics are the skills for the new age and are fast replacing old technologies. The IT jobs which required thousands of IT professionals can be completed in one go with only a few lines of code thanks to artificial intelligence and automation. The IT companies are finding these new technologies to be lucrative as less money and human interference is needed.

 

 

Renowned physicist Mr. Stephen Hawking opines that the age of automation and artificial intelligence is sure to spread unrest in the society and will affect the social structure creating economic inequality. Few people will gather huge amounts of money by adopting automation by employing fewer people and this will lead to money stagnation with the few people in the society. In India, the IT industry is responsible for $150 billion worth of exports each year and also significantly contributes to GDP. But due to automation, there will be a drastic reduction in the jobs available in IT sector.

 

The BPO sector will be most affected by the increased usage of bots for customer interaction. Wipro has launched its artificial intelligence platform called ‘Holmes’.  The artificial intelligence platform of Infosys is called as ‘Nia’, whereas ‘Ignio’ is the artificial intelligence platform of TCS. Hence, the top-rated IT companies are already adopting automation in their IT operations and in outsourcing operations and are hiring in fewer numbers compared to previous years.

 

Automation and artificial intelligence will also create jobs in the highly skilled areas of machine language, robotics, design thinking, internet of things and other fields. The IT professionals who keep updating themselves with latest IT trends will survive the wave of automation. The entire order of IT employees will be skimmed, where only the skilled creamy layer will survive and the rest need to adapt to the new age. According to a report, the hiring by biggies in the IT industry like Wipro, TCS, Infosys, Cognizant, HCL Technologies, and others are reduced by 38% in the year-ago period. The fields like applications testing, system administration, technical support, and back-office maintenance are to witness rapid automation.

 

Automation & artificial intelligence will surely give a new direction to the Indian IT industry and are inevitable in the current scenario. The IT professionals should update themselves in the industry relevant skills and should move hand in hand with automation and artificial intelligence.

The U.S President Mr. Trump after coming to power in U.S has adopted protectionist political policies and has coined the slogan ‘Buy American, Hire American’. He has tightened the ‘H1B’ visa norms, which used to be the perfect gateway for entry level Indian IT professionals into America. The salary limit for acquiring the ‘H1B’ visa has been doubled from $60,000 to $130,000, which is again posing threat to Indian origin IT companies in India. Needless to say, the outsourcing of the IT projects from U.S is also going to be reduced, which will have a direct impact on IT jobs in India.

 

 

The protectionist policies are not only being adopted in U.S but are also surfacing in countries like Singapore, New Zealand, and Australia. The Indian companies which are also grappling with automation, redundancy and other issues are seriously affected by these protectionist policies. The Indian IT sector has an annual IT exports worth $150 billion and it also significantly contributes to the GDP. But the scenario may get affected in the future due to President Trump’s visa and business policies as 60% of IT business in India is from U.S.

 

The off-shore model of business adopted by Indian IT companies is deemed to fail under the present conditions. Indian IT companies are forced to hire local American IT professionals and are compelled to work on site rather than an off-shore model. The overall cost of such IT projects is sure to increase due to increased pay offered to the local American IT professionals and on-site nature of the IT projects. The decreased outsourcing of the IT projects to India will lower the IT job vacancies in India.

 

In India, the practice of hiring more at entry level and less in mid and senior positions in IT sector will be a recurring trend. The IT companies like Wipro, TCS, Tech Mahindra, Infosys, and others have already started scaling down their workforce by significant numbers by giving the pink slip to mid-level and senior level employees. But the companies are picturing the scenario as an annual appraisal activity of weeding down bottom performers. The handsome salaries given to the IT employees are sure to witness chop down. The growth of Indian IT companies is sure to slow down.

 

Indian IT industry has survived against all odds like Y2K, economic slowdown, and other major obstacles. We can surely hope that the Indian IT industry will survive the ‘Trump Effect’ also to emerge as the shining armor of Indian economy.

What is Big Data Analytics?

Big data analytics is the process of examining large amounts of data to discover correlations, hidden patterns and useful insights related to the data. Today’s technology makes it possible to analyze the given data to take immediate decisions. Businesses across different segments benefit from Big data analytics in improving their business operations, customer experiences, to increase profits and for several other benefits.

 

 

Scope of Big Data Analytics in India

Big data analytics is a mix of IT administration, logical thinking, analytics, statistics, and programming and will help large and small business enterprises to analyze their vast data on customer feedback, sales data, business flow data and operations data to derive useful business decisions from them for implementation. India is a hub for development of big data analytics due to a large number of IT graduates and constantly growing BFSI, retail and telecom sectors. Many big data analytics projects are being outsourced to India from U.K, U.S, and other western countries. An expert in Big data analytics domain with 5+ years of experience earns nearly 25 lakhs per annum in India. The present $2 billion worth big data analytics market is India is expected to reach $16 billion by 2025.

 

Application of Big Data Analytics

Big data analytics is widely used in the retail, BFSI, telecom, insurance, banking, healthcare and real estate sectors. Data mining is done in the banking sector to analyze customer experiences, transaction patterns, and other related data to get useful insight for improving banking experience to customers. Banks and institutions like Master card use data analytics to track fraudulent transactions. In the telecom industry, the biggies like Jio are analyzing the vast amount of data they are gathering to give unparalleled experience to Jio users. In the healthcare sector, the scientific analysis of the collected data is imperative for better treatment and rehabilitation of patients. In the insurance sector, customized user experience depending on varying needs can be achieved through big data analytics. Real estate field makes use of the customer requirement patterns and demand and supply statistics from big data analysis. Big data analytics is also adopted in big Government organizations and nonprofit organizations for better implementation of different pro-people projects.

 

Conclusion 

Sherlock Holmes in one of the plays called ‘Scarlet’ tells that there is no inference without data. Hence data analysis is the basis of problem-solving whether in business, science, power supply or any other field. Big data analytics is a lucrative course to study for IT job aspirants. So, thumbs up for Big Data Analytics.