A good topic for discussion. Our IT industry is majorly doing the QC and Bug detection job and custom development of applications for clients. Post COVID the industry started doing digitisation which became a big theme. There is not a single purely products company worth mention whcih can compete globally. Not a single product which sells $ 1 Bn worth of product licenses ( i can stand corrected if someone has data). From the early 90’s we have been sub contractors of companies like MS, SAP, Adobe etc and have not evolved beyond that. TCS and Infosys have a core banking product but its too small in terms of their overall revenue.
That beside AI can take away majority of the QC and Debugging jobs or the T&M revenue as it is called in the Industry.
How do the companies grow, get more manpower ob board and get them to work on these T&M jobs, bill them per hour and increase the revenue.
SAP consulting was seen as a niche earlier but now every IT company is doing it. There is nothing new, in my view, which makes me believe that IT companies can grow significantly from this level. Yes, keep adding manpower and grow.
Happy to hear counter views.
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