The next five years will prove decisive in our industry, as massive change produced by the Covid-19 recession will drive renewed double-digit growth for certain firms and send others to irrelevance. This dynamic has occurred during the three prior recessions, and early indicators are this downturn will be the most consequential by far.
When I started my career in the late 1980s, one could not overstate the dominance of IBM and Digital Equipment Corporation (DEC). IBM accounted for a staggering 6 per cent of the cumulative value of the S&P 500. And the press would gush over the ascent of DEC, with its CEO Ken Olsen being referred to as “the most successful entrepreneur in the history of American business.”
After the recession of 1991, these two venerable firms had ceded industry leadership to a new cohort of upstarts: Microsoft, Oracle, SAP, EMC, and Cisco. The client/server movement had become a phenomenon.
The pattern occurred again a decade later with the Dot-Com – 9/11 recession. Entering that recession, the IT services sector was dominated by multinationals. Yet five years later TCS, Infosys, Wipro, Cognizant and HCL were mainstream providers, had collectively quadrupled in size, and proved that the world was flat. In Infosys’ 2006 Annual Report, Narayana Murthy titled his letter “On Entering Adulthood.” The firm and the entire sector certainly had grown up. Global delivery had become a phenomenon.
Bu hikaye Business Today dergisinin July 26, 2020 sayısından alınmıştır.
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Bu hikaye Business Today dergisinin July 26, 2020 sayısından alınmıştır.
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A Man of Multitudes
IN A NEW BOOK, CAPTAINS OF INDIA INC. AND OTHERS PAY TRIBUTE TO RAHUL BAJAJ, THE TITAN OF INDIAN INDUSTRY
HOUSE OF THE RISING SUN
WITH THE GOVERNMENT OFFERING SUBSIDIES UNDER THE PM SURYA GHAR MUFT BIJLI YOJANA, MANY HOUSEHOLDS HAVE TAKEN A SHINE TO SOLAR ROOFTOP PANELS. BUT HOW MUCH DO THEY COST?
FROM GREY TO GREEN
WITH THE CLIMATE CRISIS BECOMING MORE ACUTE, GREEN HYDROGEN COULD BE AN IMPORTANT SOLUTION
ECO CHAMBER
DATA CENTRES ARE A VERY VITAL PART OF THE DIGITAL TRANSFORMATION THAT IS UNDERWAY, BUT THERE'S A PROBLEM: THEY CONSUME TOO MUCH ENERGY. AS DEMAND FOR SUCH CENTRES INCREASES IN INDIA, IT HAS NO OPTION BUT TO EMBRACE GREEN SOLUTIONS
THE GREEN BARRIER
THE EU'S CARBON BORDER ADJUSTMENT MECHANISM COULD MAKE INDIAN EXPORTS UNCOMPETITIVE, UNLESS EFFORTS TO REDUCE CARBON EMISSIONS ARE ACCELERATED
HUMANISING SUSTAINABILITY
THERE IS A NEED TO MOVE BEYOND INDIVIDUAL WELL-BEING AND FOSTER A SENSE OF INTERCONNECTEDNESS AND SOLIDARITY
DE-RISKING THE BOOKS
INDIAN BANKS ARE BEGINNING TO TAKE BABY STEPS TOWARDS ADDRESSING CLIMATE-RELATED FINANCIAL RISKS IN THEIR BOOKS. BUT THEY MUST PUT THEIR FOOT ON THE PEDAL AND ENHANCE PREPAREDNESS
PAYING FOR CHANGE
WITH EXTREME WEATHER INCREASINGLY PUTTING THE COUNTRY AND ITS ECONOMY AT RISK, INDIA SHOULD EXPLORE CLIMATE FINANCE PATHWAYS TO FUND ITS NET-ZERO JOURNEY TOWARDS A GREENER FUTURE
BEYOND THE BLIP
ESG HAS BEEN UNDER SCRUTINY GLOBALLY AMID ALLEGATIONS OF GREENWASHING AND RECORD REDEMPTIONS FROM ESG FUNDS. BUT THAT MAY JUST BE ONE SIDE OF THE STORY, SINCE SUSTAINABLE PRACTICES HAVE BECOME CORE COMPONENTS OF COMPANIES' STRATEGIES
PROFITING FROM ESG
INITIALLY DRIVEN BY REGULATORY COMPLIANCE REQUIREMENTS, BUSINESSES ARE INCREASINGLY VIEWING ESG AS A TOOL TO ENHANCE PROFITABILITY. BUT THERE IS STILL A LONG WAY TO GO