THANJAVUR: “The Indian IT industry is very much in the recovery mode and the global indications are positively reinforcing for the IT growth in the years to come,” said S. Ramadorai, Vice-Chairman of Tata Consultancy Services (TCS), here on Saturday.
Delivering the ‘Knowledge Leadership Forum Lecture’ at SASTRA University, Mr. Ramadorai shared the reactions of the IT industry during tough and unpredictable times after the sub-prime crisis and related how TCS took this challenge as an opportunity.
Despite the global economic downturn, TCS resorted to various strategic interventions supported by the leadership team and its employees to weather the crisis. Customer focus and retention, absorption of relevant technology, organisational operations, etc., were some of the interventions that TCS made to counter the crisis.
Mr. Ramadorai stressed on the need for trans-industry innovation and how it should extend beyond conventional boundaries and highlighted the need for COIN – CO-Innovation Network. “Affordable healthcare, Tata’s Nano car, Chandrayaan project, which was the cheapest moon mission for the 21st century at a cost of Rs.356 crore, TCS’s fastest supercomputer in Asia, are due to native innovation which needs to be leveraged during times of crisis”, Mr.Ramadorai added. There is a plenty of innovation at the bottom of the pyramid and Mr. Ramadorai advised the students to be visionary and not just illusionary. With signs of upturn, Mr. Ramodorai advised the students to build technological expertise along with domain knowledge to remain competitive.
Earlier, Prof. S. Vaidhyasubramaniam, Dean of SASTRA University, retraced the global financial tsunami and its impact and how companies like TCS, during such times of adversity unlearn a lot, to learn new concepts and successfully experiment new strategies.
He also shared with the audience how 5 Nobel Laureates in Economics could not agree to a common reason for the crisis and hence could not suggest one common solution to this chaotic global economic architecture. Mr. Ramadorai distributed merit scholarships worth Rs.60 lakh to more than 700 students of SASTRA University and congratulated the university for recognising merit not only in its admission but also during the academic pursuit of the students.
-From The Hindu news
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