The skills required for IoT implementation are those that Indian IT services companies have in abundance. But they need to be able to make bold moves and seize opportunities in the space, which may be difficult considering their track record.
There hasn’t been a worst time for the Indian IT sector since its lift-off in the early 2000s.
It’s been a perfect storm: Flattening growth rates thanks to plug-and-play cloud businesses upending age-old bread-and-butter models such as infrastructure maintenance and application development; Brexit woes; US President Donald Trump’s protectionist threats; a failure to wean itself away from labour arbitrage and towards the new-era digital businesses. The list seemingly goes on and on.
And yet, there exists a growing opportunity, right under the noses of IT services companies such as Infosys, TCS, and Wipro, that could rescue the industry from the doldrums, utilizing the very same skill sets that served it well in the former era.