The Likely Growth of India’s IT Industry

November 27th, 2015 by hesty No comments »

India has been experiencing a boom in information technology since the late 1990’s, making IT a significant industry in the country. However, this growth in information technology is not a fluke; India’s government has actively promoted the IT boom by investing in education and product development, and in structuring tax incentives to benefit those companies which have embraced IT as an industry. Although the worldwide economic slowdown has impacted the growth of information technology, the industry shows no signs of deterioration.

IT, which is a field of constant innovation, benefits from having a rigorously educated and versatile workforce. To this end, India’s government has sponsored Software Technology Parks, which produce cutting edge software designed by homegrown engineers. There are twenty-three software technology parks spread across India, including Jaipur, Delhi, Noida, and Gandhinagar. The parks were initially set up by the Department of Communication & Information Technology in 1991, and have achieved the stated goal of boosting software exports. In the fiscal year of 2008-09, the total value of software exports was estimated at between $48 to $50 billion dollars.

India’s highly trained fleet of math and science college students, of which approximately 135,000 graduate each year, forms the backbone of India’s information technology support services, which has brought the country a tremendous amount of business from overseas. Fluent in English, trained in a variety of software, and capable of troubleshooting in real time, India’s IT support is world-renowned. Despite the amazing numbers of students who graduate each year, some firms predict that India will actually experience a shortfall in labor. This surprising prediction is based on the fact that many college graduates leave India for positions overseas that allow them a higher quality of life. However, the sustained growth of the IT industry has produced a middle class in India, making the increased retention of graduating students a greater likelihood.

The world economy, which experienced a notable drop at the end of 2008, has slowed but not stopped the growth of India’s information technology industry. Indeed, instead of the double-digit growth that the industry was showing in the previous few years, growth is now predicted to remain in the single digits. While most nations struggle with dismal cuts in their industries, India’s ability to still grow, albeit at a slower rate than before, is notable indeed.

Because India’s government and private industry are united in their goals to further promote and grow IT as a major part of the industry, India is likely to become the major innovator in global information technology. As stated earlier, India is already posting incredible record exports, and the influence of so much concentrated effort will undoubtedly have an impact on future hardware design. Because IT is so highly changeable, with no one company able to truly monopolize the field for any longer than 18 months to 2 years, India’s investment in brain power and technical expertise will only serve to benefit the country’s information technology industry in the future. Look out, Microsoft and Google; India is on its way!

How Does The Travel Industry Go Ahead With Development of Information Technology?

November 24th, 2015 by hesty No comments »

The Travel industry is growing with the adoption of new technologies. Adaptation with the new generation of computers and use of various new technologies has strengthened its growth trajectory.

Information technology has enabled the travel industry to develop applications and store a large amount of data in a more organized way. Use of internet, GDS, XML and API integration are helping in a great way to connect a large number of customers providing them an easy access.

The Internet has emerged as a potential to communicate information in the form of texts, messages and graphics. Customers can easily book air tickets, rental cars and train tickets through online booking facility offered by the travel tech solution companies is a big contribution for it.

Online booking is leading the growth of the industry up to a new high. It has enabled the visitors to book rental cars, air tickets, hotel rooms, bus tickets and holidays from the safest corner of their home or anywhere else. Prior to online booking, people used to stand in a queue in front of the ticket counter for hours for booking. But, with the introduction of the online booking the time-consuming and tiring process of offline booking has come to an end. Visitors are paying online and generating receipts also.

Online booking renders a facility to book a car from an array of luxury cars. Customers choose the vehicle of the perfect color, size, make and model. They are left with the options to modify the bookings, cancelation of booked cars or airline tickets also.

Use of email service has closed the gap between the customers and the industry. Email and SMS gateways have facilitated to instant delivery of the messages within a few seconds, reducing the booking process time and confirmation.

Also, travel agents and tour companies are getting financial benefits using the internet through email and SMS services. Delivering a message through email and SMS is not only a time-saving process but also much cheaper than telephones and conventional marketing.

Integration of GDS, XML, API and Web services have paved the way to grow more potential. Integrating the Global Distribution System has enabled the travel companies and tour operators to connect and reach numerous customers through online. It serves quick information regarding inventories, availability of the rooms in the world-class hotels and availability of the luxury rental cars.

Integration of XML and API integration services would help to store and arrange data coming from car rental companies, hotels and airlines in a more structured and organized way so that customers can get access to the required information easily.

Growth of Travel Industry due to Information Technology

Its growth has reached a record high due to information technology. As per the World Travel and Tourism Council report, it has emerged to be the largest and fastest economy sector of the world. In addition to that, it has created large-scale employment opportunities for nearly 277 million people all over the world adding 9.8% to world’s Gross Domestic Product. Information technology has turned out to be a boon for the travel industry.

Role of IT (Information Technology) In Business Growth

November 20th, 2015 by hesty No comments »

World is changing and along with it, flow of information is changing too. Consider as an example – the internet, it provides us with all latest happenings around the globe. Railways and Airways are connected with Information Technology. If we want to travel we can book tickets online, reserve rooms, etc. Sea routes are also connected. IT has become an essential part of our day to day life whether it’s field of education, or entertainment, or business; everything is touched by information technology. Doctors can also help patients online, prescribing medicines or helping other doctor in dealing with emergency cases.

Buying and selling has become quite easy now. Online shopping through credit cards and debit cards has made purchasing effortless. Moreover you can do shopping anytime as there is no time constraint; they are open around the clock. Banking is another area which has been automated. The things that were earlier done manually have been computerized. Managing accounts, transferring of cash, depositing, withdrawing is no more a tedious task. Another field where IT has brought immense growth is Business sector.

In this IT driven corporate world it is essential to determine new ways to grow in business. It is important to understand that top management cannot alone manage the business; there vision and IT together can achieve higher objectives. Information technology and business together refers to management resources and using information by computer tools for gathering, processing information, storage of information and distribution of information. Small scale businesses buy software packages in order to run their business whereas large business firms can appoint engineers to build their own software to support company’s tasks. This has resulted in new job opportunities such as computer programmers, analysts, developers (hardware and software), etc. Implementing IT in an effective manner would decrease the cost; cost which is expected at the time of failure. Also increases the flexibility.

Large sectors, complicated, complex sectors have been transformed into centralized/ decentralized organizations. Opportunities have been increased in business; companies unlike manufacturing or distribution also make use of software either in determining weather conditions, freshness of product, or managing company’s centers. Work can be optimized, costs can be reduced, and risks involved can be minimized and thus adds in growth of business. Determination of better strategies for business and solutions for business problems can be solved by IT. Companies may also exchange technology over the network.

The continuous growth in information technology is affecting all workers in the organization working at different levels, from top level executives to central level managing staff to lower level workers.