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In The News

Almost Half of Women in IT Think Gender is their Biggest Barrier to Promotion | In the News

By | In The News

Nearly 1 in 2 women (45%) working in IT believe their gender is the main barrier to getting ahead in their career. That’s according to a recent opinion survey by BCS, The Chartered Institute for IT, released on International Women’s Day.

“These findings are seriously worrying. If 30% of women think that gender is the biggest barrier to getting a first job in IT, and 45% believe gender is the biggest barrier to progressing a career in IT, they are not going to even try,” said Sarah Burnett, Chair of BCS Women and is Executive Vice President and Distinguished Analyst at Everest Group.

Read more in WiredGov

What Makes Mindtree an Attractive Acquisition for L&T Infotech? | In the News

By | In The News

L&T Infotech has been a front runner in the race to acquire a 20.4 percent stake in Mindtree. Reports suggest LTI is willing to offer close to Rs 975 a share to acquire this 20 percent. This pegs the value of this stake, owned by VG Siddhartha, the Founder of Coffee Day Enterprises that operates the Café Coffee Day chain of cafes, at roughly Rs 3,400 crore.

According to Chirajeet Sengupta, Partner, Everest Group, “L&T Infotech (LTI) has been on a very strong growth path over the last few quarters. They have been growing significantly better than their peers.” To sustain this growth path, the company has been making investments to grow inorganically. “If you look at the last few quarters, they have made some very interesting acquisitions,” Sengupta pointed out.

Read more in moneycontrol

As Offshore Outsourcing Grows, HR Tries to Measure Impact | In the News

By | In The News

Offshore outsourcing can be a traumatic event for employees — both for those who lose their jobs and for those who survive. It’s HR’s job to figure out the real impact it’s having on employees — a task that may benefit from new technology.

In response to the Trump administration, but also for other business reasons, outsourcing firms are making adjustments.

They are increasing their hiring of U.S. workers and investing more in local facilities, said Chirajeet Sengupta, analyst and partner at Everest Group, an outsourcing consultancy and research firm in Dallas.

Some of these changes were prompted by client necessity that resulted from digital transformation efforts — work that involves changes to a firm’s core business model. For that kind of work — which could involve changes not just in tech, but in business culture — outsourcers have to be in close proximity to the business. “You really need to understand the business; you need to understand the business processes,” Sengupta said.

Read more in TechTarget

Recruitment Process Outsourcing: The Future is ‘Total Talent’ | In the News

By | In The News

Employers are battling economic uncertainty but still struggle to source much-needed skills. In such a volatile jobs market, what role does recruitment process outsourcing have in workforce planning and hiring strategies? Jo Faragher investigates.

Traditionally, the drivers for outsourcing have been around cost savings and support with volume recruitment. But while saving money remains important, there’s a lot more focus now on candidate quality and experience, according to industry analysts Everest Group.

“For those who have not adopted RPO before cost is an important driver. Apart from that, it’s about scalability and adaptability. It means they can add to employee base or reduce more flexibly,” explains Vishal Gupta, practice director of Everest’s business process services division.

Read more in Personnel Today

Spotify Had no Choice but to Offer an Excellent Free Service in India

By | In The News

It might be late to the party, but the Swedish music streaming app Spotify is trying really hard to make up for the lost time in India.

The Stockholm-based company launched in the country yesterday (Feb. 27) with freebies and affordable rates to woo price-sensitive Indians, besides announcing plans to go more vernacular. Among other things, Spotify’s ad-free monthly subscription is available in India for Rs119 ($1.67), significantly lower than the $9.99 in the US. In fact, premium plans start at just Rs13 for a daylong subscription.

“India is a price sensitive market and we love freebies. Spotify is trying to exploit this sentiment and I believe this is a smart move,” said Yugal Joshi, vice-president at the consulting firm Everest Group.

Read more in Quartz India

Who Wins and Who Loses if India’s Draft E-Commerce Rules are Implemented | In the News

By | In The News

In proposing to tighten the rules around e-commerce, India is both offering respite and ruffling feathers in equal measure.

The draft e-commerce policy released by the Modi government on Feb. 23 is poised to shake up the country’s nearly $40 billion (around Rs2.8 lakh crore) online retail industry, opening the doors to data-sharing among players as well as clamping down on the proliferation of fake goods.

Some of the measures, such as asking the big players to share their data with the smaller ones and fighting counterfeit products require huge investments, but experts think it’s about time the firms cooperate with the government’s asks. “E-commerce marketplaces cannot and should not get away with saying they are just marketplaces. The food-delivery ecosystem has delisted a lot of restaurants that didn’t comply with food standards in India,” said Yugal Joshi, vice-president at Texas-based consulting firm Everest Group. “This e-commerce expectation is a parallel to the food-delivery industry and in the right direction.”

Read more in Quartz India

IT Services Companies And Clients Bear Brunt Of H-1B Crackdown | In the News

By | In The News

New U.S. Citizenship and Immigration Services (USCIS) data reveal the Trump administration’s crackdown on high-skilled immigration has hit the information technology (IT) services sector the hardest. Such services have been important in making U.S. companies more competitive and increasing U.S. economic growth, which means, according to analysts, administration policies are harming American companies and the U.S. economy.

A major disconnect exists between those making U.S. immigration policy – now designed to make it very difficult to hire people with sought-after technical skills – and the role digital platforms play in determining the competitiveness of companies. “One of the most significant secular trends today in U.S. business is the move to utilize digital transformation to increase competitiveness,” according to Peter Bendor-Samuel, founder and CEO of Everest Group, one of the world’s top research firms focused on information technology, business process and engineering.

Read more in Forbes

 

What You Need To Know About Amazon’s Stunning Rejection Of New York City | In the News

By | In The News

First, there was shock. Then there was disappointment, then anger. Quickly, it all turned to blame.
Amazon said it will not reopen its beauty contest, but it is not clear what city would get the other half of HQ2, or if Amazon will just hire fewer workers in the future. What is certain is that New York City’s reaction to the incentive package will reshape how deals like this work in the future.

Tech consulting firm Everest Group managing partner Eric Simonson agreed it will be a wake-up call for bigger companies. “Pro-business regions with large labor forces — often associated with the South, such as Atlanta, Dallas, Houston and Phoenix — are likely to use this to their advantage,” he said.

Read more in Biznow

Digital Transformation: 8 Best Practices for Building an Analytics Roadmap | In the News

By | In The News

The idea of creating an analytics roadmap for the enterprise can be daunting, what with the expansion of new data sources, the proliferation of new analytics systems and tools, and the tremendous demand from the business for faster insights.

“The biggest challenge we see with organizations going down the analytics journey is that they start with a technology-led approach,” says Jimit Arora, a partner with Everest Group. “For example, companies feel invested to buy the latest big data tools and visualization technologies, and then determine how to create optimal usage.” Those seeking to create an effective analytics strategy should start with key business objectives, such as top-line growth, cost reduction, or risk management.

Read more in The Enterprisers Project

Digital Transformation ROI: How to Check a Project’s Payoff | In the News

By | In The News

Measuring the return on digital transformation investments is a tricky business. Digital change transcends functional and business boundaries, from how a company goes to market, to the ways it operates, to how it interacts with customers or even its own employees. While some individual initiatives may have a definitive and short-term payoff, others may only cost money in the short term in the service of potential long-term business value.

“When determining how well digital transformation investments are performing, it’s best to take a portfolio view and not a project level view,” says Cecilia Edwards, partner with digital transformation consultancy and research firm Everest Group. Just as a mutual fund manager or venture capital firm would look at overall performance to determine how well things are going, digital transformation leaders must take a holistic view of digital change efforts.

Read more in The Enterprisers Project