Once described as employers of software’s drudge workers despite their impressive business numbers, India’s IT companies, especially the top tier ones and some India offices of MNCs, are breaking the innovation glass ceiling. Cost arbitrage on plain vanilla coding is still there but India’s big tech players now also have products that offer unique solutions involving high-end software and robotics. ET looks at some of these technologies, deployed both at … Read the rest “Indian IT companies deploy hitech technologies at home and abroad”

He said promotions are okay when companies are growing fast but when it slows down, people getting fat salaries will aggregate at the higher level, prompting companies to periodically reset their pyramids, and shedding people

For artificial intelligence and machine learning algorithms to run on big data, Indian companies require technology that will digitise and store data. Industry is now increasingly adopting this infrastructure. Since legacy systems are slow to change, they are the laggards.

NEW DELHI: The Indian information technology sector will see more layoffs. After thousands were fired by Infosys and Cognizant in the past six months, as many as 200,000 more may be at risk of losing their jobs in the next year as companies seek people with new skillsets, according to recruitment experts.

A Nasscom report estimates that about 40% of India’s total workforce must be reskilled over the next five years to cope with emerging trends such as AI, IoT, machine learning and blockchain.