India is the leading IT sourcing destination across the world, accounting for more than half of the market share of the global services sourcing business. India is the undisputed go-to destination for IT-related requirements for companies around the world.
IT is an attractive career option for youngsters. The supply of talent has been steadily increasing, as has been the demand. Many overseas companies have set up Global Capability Centres (GCCs) to tap into the thriving talent pool.
With greater volumes, the need for matching the right skills to the right jobs also continues to grow. Ushankk, a specialized player in the field, steps in to ensure correct fitment. New areas continue to emerge and disrupt, like generative AI has. Data annotation and labelling support the growth of AI. Cybersecurity and SaaS are no longer terms used only by specialists.
“Every business is a software business”, as Watts S. Humphrey, the father of quality in software and CMMI, said two decades ago. It is even more true today than when he said it.
India is also the world’s second-largest telecommunications market and has registered strong growth in the last decade. The Indian mobile economy is growing rapidly and will contribute substantially to India’s Gross Domestic Product (GDP) in the days to come.
Over the next few years, the rise in mobile-phone penetration and the decline in data costs will continue to add new subscribers at a rapid rate, creating opportunities not only in telecom but many other businesses that use telecom as their backbone.
The media and entertainment industry continues to take giant strides. Advertising as well as subscription revenue is growing. Video on demand and OTT platforms are rapidly expanding on the backbone of faster internet speeds. The industry as a whole could be on the threshold of a significant phase of growth.
The nimbleness that Ushankk can provide will be critical for companies in the IT and Communications industry to survive and thrive.
Insights
