India is one of the emerging markets for software and related services. With a slowdown expected in IT spending by US companies in 2008, there is an increased urgency to tap the emerging markets. India now accounts for about 65% of global market in offshore IT and about 46% in offshore ITES market. The growth of this sector has led to tremendous payoffs in terms of high quality employment generation, wealth creation, transforming the image of India to one of the engines of world economy and India emerging as a high-tech manufacturing, R&D and knowledge hub. IT domestic demand is witnessing a gradual transformation from being predominantly hardware driven towards solutions- oriented-approach resulting in a growing emphasis on services. However, the industry still faces challenges like rupee appreciation, qualified manpower, high wage cost and attrition etc. On international front, India is also facing increased competition from China, Philippines and East European countries. Top Indian companies don’t get even 2% of global services revenues. Moreover, few companies rate their IT capabilities highly. As a result these capabilities are neither aligned with their business goals nor highly effective. To move up the value chain, adoption of strategies like operational excellence, hedging, diversification of export market etc. seem to be of utmost importance.
Therefore, we have decided on a global seminar on “ IT in insurance Industry” to be held in our Auditorium in sprawling campus of Amity University on 16th & 17th April 2008.
The topics in the attachment will be covered on the basis of response received.
We expect many eminent speakers from industry to come forward to speak. We have already received consent from HCL, CSC, Fiserv and some of the insurance companies.
We also intend to give an award to the best user of IT in consumer- centric insurance applications to be identified by a core Committee to be selected from amongst participants.
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