The 15th Annual ICT industry briefing session "Directions 2003",
organized by IDC India, was recently held at Bangalore. The day-long seminar was
an attempt to provide participants an opportunity to interact with experts who
shared their experiences and comprehensive research data with regard to
respective forecast about future outlook for the global IT industry .
The seminar was divided into three parts beginning with the keynote which had
the theme ‘Strategic management’. Track one was on ‘Towards a networked
world’ and the track two session was on ‘Services as the new center of
competition’.
Pradeep Gupta, MD, IDC (India) Ltd in his keynote on ‘IT Leadership for the
Rebound: Transitions Ahead’ dwelt on the different ups and downs which the
global industry had undergone through during the year 2001. He said that the
slowdown was aggravated by the September 11, 2001 events.
Optimistic |
Pradeep |
He expressed that the IT industry had undergone similar situations in the
past also but every slowdown had brought along with it a rebound. Similarly, he
said that the worst period was over and there were opportunities in business
integration, mobile and wireless, new computing architectures and security.
"The rebound has started, the feel-bad factor is no longer there and the
new leadership requirements will create marketshare changes," said Pradeep
during his presentation.
Speaking on the topic ‘Fuel for the Rebound: Asia’s new web’, Dane
Anderson, VP-Computing Products and Internet, IDC Asia-Pacific, remarked that
the coming years would see a tremendous spurt in e-Business specially in the
APac region, China, Korea and India.
Giving a comprehensive overview about China’s economic growth and
particularly of the IT industry, Ravi Sangal, President, IDC (India) Ltd, while
speaking on the topic ‘China, IT and WTO - How real is the threat?’,
remarked that China’s industrial growth had witnessed a high growth of 19
percent in the year 2001 despite the slowdown and had the largest IT marketshare
apart from Japan in the APac region. Ravi said that the growth in IT was
expected to increase further from 28.3 percent to 38.5 percent by 2006. He also
dwelt on the potential threat, which China posed to the Indian IT industry.
CYBER NEWS SERVICE