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"Companies around the world are gaining competitive advantages by using Indian software services that offer high quality, cost effectiveness, time savings, state-of-the-art technologies and above all reliability." The World Bank funded study compared India with many other countries to analyse India’s position vis-a-vis cost and quality. Its findings proved that India is the best positioned as a high-quality and cost-effective country for software development. The advantages India offers are tremendous. They include: · A virtual 12-hour time zone difference between India and USA offers cost and time savings provides the client with a virtual 24-hour office environment. · A huge pool of English speaking and computer literate graduate workforce who can continue to cater to the growing demand of professionals for IT Enabled Services. · India offers the ultimate quality advantage with relatively less costs. India has more than 137 ISO 9000 certified and 147 more companies are in the pipeline to be ISO certified by March 2001. As many as 32 Indian companies already have SEI-CMM certification, with six of them having reached Level 5. It must be noted that worldwide, only 12 companies have reached that level, and just six of them do not belong to India. · India enjoys very strong brand equity in major markets, thanks to its growing and globally competitive software industry. · Indian software companies believe in highest adherence to delivery schedules and customer satisfaction by using state-of-the-art technologies.
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E-Business and web based solutions :
Indian companies offer the most cost-effective, innovative and extensive web-based
solutions. They also offer varied solutions for E-commerce and E-Business applications.
Hotmail, Junglee, WhoWhere are some of the examples of Indian innovativeness. Other Global advantages One of the unique methods used by Indian software companies to deliver competitive advantage to its clients involves using high-speed (64 kbps, 2 Mbps and above) datacom links, which in turn allow computers situated anywhere in the world to be used by programmers in India on a real-time and on-line basis.
Large Pool of Professionals Just as the Gulf has its crude oil and South Africa in diamonds, India’s natural resource in today’s knowledge economy is its abundant technically skilled manpower. India has the second largest assembly of English-speaking scientific professionals in the world today, second only to the US. It also has a growing bank of 4.1 million technical workers, supplied by, among others, over 1,832 educational institutions and polytechnics, which train more than 67,785 computer software professionals every year. This includes the graduates passing out of the prestigious Indian Institute of Technology (IIT), where the quality of technical training is comparable to the best of the educational institutes in the world. NASSCOM every year undertakes a survey to understand the manpower requirements of the industry. The study undertaken in 1999, highlighted the following facts: · The number of software professionals employed have increased to 250,000 in 1999 compared to 2,00,000 in the preceding year. This includes software professionals in non-commercial organisation as well as software development units in user organisation. · Almost 67% of the software professionals employed in the industry were in software development and operations, 3% in domain expertise development, 11% in marketing and relationship development, 15% in client support and 4% in other activities. · The overall median age of the software professionals was about 26.2 years. · 77% of software professionals in software companies were men, whereas 18% were women. However, this ratio is likely to be 65:35 (male : female) by the year 2003. · Half of the software professionals possessed 5 years of working experience. · There was an average of 21% rise in basic salary in 1998 over the previous year. However, rise in total compensation was supported by issuance of stock options to employees. During 1999, as many as 41 software and solutions companies announced employee stock options plans. · In 1999, although the attrition rate was controlled at 16% (from the earlier turnover rate of 25% in 1992), but it still remained high, fuelled by 50% growth in the revenue for the software industry in 1998-99. This caused the HRD market to tighten considerably. · Our software professionals were highly rated by their employers for their quality. Most gave an average of close to a 9 on a 10 point rating scale, with 1 being the lowest and 10 being outstanding. · The skills in demand were in the area of business applications of software development, E-Commerce, Euro, software engineering, Java, ERP, CRM/ ERM, Interactive Integration Services, Datawarehousing, Internet, Client-Networking, BPR, OOPS, client-server, GUI, Windows, project management, quality assurance, technical writing, telecommunications, networking and RDBMS.
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Fast Facts: - India has six SEI CMM Level 5 software companies, the most in the world. - Twelve companies in India (out of 21 in the world) are CMU SEI-certified. - India has 4.1 million technical workers. - India trains more than 67,785 computer software professionals every year. - World Bank study says India is the best for high-quality and cost-effective software development. |
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