cxo voice
  • Home
  • News
  • Leaders Talk
  • Expert Opinion
No Result
View All Result
  • Home
  • News
  • Leaders Talk
  • Expert Opinion
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News

COVID-19 crisis to accelerate reform in the Indian IT firms: GlobalData

News Desk by News Desk
May 15, 2020
Reading Time: 2 mins read
IT
Share on FacebookShare on Twitter

“Hiring by Indian IT services firms will continue to decline as COVID-19 forces them to change the way they operate. The pandemic has accelerated changes that were already underway in this sector, including increased Automation and greater use of collaboration platforms.
“GlobalData’s Thematic Research Scorecard for the IT services sector shows that COVID-19 will result in an awful 2020 for all companies. The scorecard ranks companies within a sector based on overall leadership in the 10 themes that matter the most to their industry, generating a leading indicator of future performance.
“Automation of internal processes has been a key focus over the last few years, as India’s biggest IT services firms, TCS, Infosys, HCL, Wipro and Tech Mahindra, aimed to cut costs and improve efficiency. This trend will accelerate as vendors adapt to changing market conditions and shift to permanent remote working models.
“The impact of COVID-19 on the IT services sector will be deep, immediate, and long-lasting. Consequently, hiring will also be reduced as major IT projects are canceled or put on hold.”

by Swati Verma Lead Analyst – Thematic Research at GlobalData, a leading data, and analytics company
Image Source: GlobalData

  • Overall Global IT Spending to Decline by 8% in 2020: Gartner
  • Customer Service Leaders Must Focus in Three Areas to Keep Workforce Engaged: Gartner
  • How to overcome from COVID-19 uncertainty

ADVERTISEMENT
News Desk

News Desk

by CXO VOICE team memebrs, contact@cxovoice.com

Related Posts

Wealth Management
Finance

5 Trends in Wealth Management to Watch Out in 2022

January 18, 2022
CRM software in 2020
News

Gartner Marketing Survey Finds 64% of Consumers Try to Keep Work and Personal Lives Separate During Pandemic

January 11, 2022
Hybri dworkplace
Business

Are we ready for the Hybrid workplace?

December 14, 2021
impact of Covid-19 on retirement planning
Opinion

The impact of Covid-19 on retirement planning

December 1, 2020
Business productivity
Business

How Technology Can Help Leaders Boost Business Productivity During Pandemic Outbreak

November 27, 2020
Enterprises, and MSMEs IoT
Leaders Talk

IoT is now seen as an essential enabler for the enterprises to be future ready : Joyjeet Bose

November 26, 2020
Cloud Security and Digital Transformation, the Top Priority for Enterprises as Pandemic Drags On
Cloud

Cloud Security and Digital Transformation, the Top Priority for Enterprises as Pandemic Drags On

November 17, 2020
Wi-Fi 6 Technology, Marthesh Nagendra
Opinion

Wi-Fi 6: India Gears Up for the Next Generation of Wi-Fi Technology

September 15, 2020
Load More
Leave Comment
ADVERTISEMENT

Expert Views

Credentials database theft, reused passwords dangerous entryway
Cyber Security

Can SASE be used as your initial defense against ransomware?

September 12, 2023
Smart Cities challenges and security
Cyber Security

Do our abilities match the ambitions of Smart Cities?

August 23, 2023
Why 5G Network Uptime is Essential for a Digitally Interconnected Society
Opinion

Why 5G Network Uptime is Essential for a Digitally Interconnected Society

July 18, 2023
Responding to cyberbullying with cyber confidence and resilience
Cyber Security

Responding to cyberbullying with cyber confidence and resilience

July 17, 2023
Five Ways All-Flash Data Centers Can Drive Sustainability Goals 
Opinion

Five Ways All-Flash Data Centers Can Drive Sustainability Goals 

July 7, 2023

Latest Updates

Airkit.ai

Salesforce to acquire Airkit.ai to boost AI capabilities

by IANS
24 hours ago

Working in a post-pandemic world: What is the new normal?

25 million employees now returning to offices globally in the hybrid work era

by News Desk
1 day ago

Image Credit: Pixabay

IT spending in MENA region to reach $183.8 billion in 2024: Gartner

by News Desk
1 day ago

Samsung Huawei

Samsung, Huawei to drive mass adoption of foldable smartphones next year

by IANS
2 days ago

GenAI

GenAI to generate economic value worth $2.6-$4.4 trillion annually: Report

by IANS
3 days ago

SK hynix

US to ensure S. Korean chipmakers’ smooth operation regarding China curbs

by IANS
3 days ago

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Inerviews

NewgenOne
Leaders Talk

NewgenONE bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-
Interview with Prasanna Arikala, CTO, Kore.ai on AI chatbots
AI

Can AI chatbots enhance customer experience and reduce the cost of serving customers?

-
Rising cyber attacks pose a serious threat to Indian SMBs, says Zakir Hussain
Cyber Security

Rising cyber attacks pose a serious threat to Indian SMBs, says Zakir Hussain

-
Axis Bank's Cloud-driven digital banking solutions
Banking

Axis Bank doubles down on cloud based digital banking solutions

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

We bring business leaders' opinions and unique ideas on what’s happening in the market and its impact. Also, get the daily news, analysis, and insights.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

contact@cxovoice.com
  • Home
  • About
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

© 2023 CXO VOICE

No Result
View All Result
  • Home
  • News
  • Leaders Talk
  • Expert Opinion

© 2023 CXO VOICE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/