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Cloud Computing Trends in IT and Business Process Outsourcing
“Change is the only constant,” said Heraclitus, an ancient Greek philosopher. Present-day IT and Business Process Outsourcing is continually influenced and transformed by various economic, political, social and technological factors. As outsourcing evolves, new business models emerge and drive change. Cloud computing is a key technology chapter happening right now that has the potential to define the way outsourcing would be done in the near future.
Traditional outsourcing started with labor arbitrage. It leveraged economies of scale, provided bottom-line benefits and moved jobs offshore. Over the past two decades, it has evolved into transformational outsourcing with value provided through business consulting, rationalization of applications and infrastructure, cost benefits, and so on.
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Rating India’s Future, an interview with Mr. Ravi Mohan MD & CEO, CRISIL
Mr. R. Ravi Mohan, the Managing Director and Chief Executive Officer of CRISIL Ltd, was the Guest of Honour at the Inauguration of the 9th PGP batch at IIM Indore.
Interview:
Q) Sir, you talked about the fantastic growth India is going to see in the coming years. In your opinion, which sectors are going to be the key drivers of this economic growth?
Ans.) There is going to be growth across sectors, as the country is going through structural reforms. Although, in the short run sectors like telecomm will experience even higher growth than its present 100%. In contrast the cement industry is growing at 8-9%. However, they are both going to be equally important for the economic growth of the country. The crux of the matter is that there is a pipeline of a million people in the consumer age group, who will drive the growth. In fact, these favourable population demographics will pushIndia ahead in the game, and give us a distinct edge over China, whom we lag behind by 5-8 years, at the moment.
Read more: Rating India’s Future, an interview with Mr. Ravi Mohan MD & CEO, CRISIL
A Model Entrepreneur
Our Icon for this issue is Dr. Baba Kalyani. Forbes ranks him 22nd among the 40 richest Indians in the world - he heads the $1.5 bn Kalyani Group, one of the leading industrial houses in India, having core businesses in steel and steel based products, forgings and automotive components. Bharat Forge is the flagship company of the group and is the largest exporter of auto components from India and the leading chassis component manufacturer in the world. Boasting of clients like Ford, Volvo and General Motors, Dr. Kalyani's strategy has been crystal clear - capacity expansion at its Pune headquarters and acquisition of small and big companies the world over.
Born into an agricultural family in Maharashtra, Dr. Kalyani always showed a keen interest in the family business. He did his engineering from BITS, Pilani and his masters from Massachusetts Institute of Technology, USA. Team I-Mag spoke to him about various issues about management education as it exists in India today. Following are excerpts from the interview.
A Tryst with The Naked Economist
Prof. Wheelan holds a Ph.D. in public policy from the University of Chicago, a Master's in Public Affairs from Princeton University, and a B.A. from Dartmouth College. He has been the Midwest correspondent for The Economist. He has written freelance articles for the Chicago Tribune, The New York Times, The Wall Street Journal, and other publications.
His book, "Naked Economics: Undressing the Dismal Science," was published in 2003. This is what he has to say about his inspiration behind this book - “I've never liked how basic economics is taught - too dry, too mathematical, too detached from the real world. So I set out to write "economics for smart people who never studied economics." That really was our tagline until we realized there were even more people who had studied economics and couldn't remember any of it. Naked Economics was the end product.” His mantra for investors - "Save. Invest. Repeat."