News

  • NEWS

    H-1B visa curb may give Indian IT a big blow

    The Economic Times | Jan 31, 2017

    Bloomberg reported on Monday, following similar reports last week, that the executive orders could seek to curb the long term H-1B visas, and the short term L-1, E-2 and B1 visas.

    Read More

NEWS

Indian IT firms struggle to generate revenue from digital businesses

“The biggest issue with digital is the lack of clarification and definition of what it is,” said Phil Fersht, chief executive officer (CEO) of US-based HfS Research, an outsourcing-research firm. “For most of the Indian majors, they include the whole ‘SMAC Stack’ which is social, mobile, analytics and cloud, where many traditional IT contracts can be sugar-coated.”

Live Mint | May 22, 2017

Read More

NEWS

IT firms eye new markets in Japan, China, Germany

Pareekh Jain, India partner, HfS Research said Indian such as Tech Mahindra, HCL Technologies, L&T Infotech, L&T Technology Services and others stand a better chance with their focus on engineering services in these markets than traditional IT services.
 
Local language could, however, be a hurdle, he said, adding Indian would have to invest to bridge that gap. “It is a long journey. 4.0 will certainly create opportunity. But we will have to wait and watch, considering that these regions have never seen as big a talent movement as the US,” said Jain.

Business Standard | May 20, 2017

Read More

NEWS

Crunch time for IT industry

“What required 50 programmers, analysts or accountants five years ago can be done by a handful of smart thinkers and much smarter systems,” said Phil Fersht, CEO of US-based HfS Research, an outsourcing research firm. “If I were Prime Minister Narendra Modi, I would be very concerned that a whole workforce generation needs reorienting to address work activities that are growing in demand.”

“Big is no longer beautiful,” Fersht said.

Live Mint | May 19, 2017

Read More

NEWS

IBM relocating key leader back to US

Phil Fersht, CEO of US advisory firm HfS Research said, "IBM GBS is going through a major overhaul under Mark Foster, who is positioning the whole practice around cognitive process services. New executives, such as Mani Dasgupta (chief marketing officer for GBS), have been recruited and they will be phasing out some execs missing their numbers. They are only now in the restructuring phase so too early to see how this all shakes out, but change is happening there."

Times Of India | May 17, 2017

Read More

NEWS

Indian IT's planned layoffs give a glimpse of the bloodbath ahead

"What required 50 programmers, analysts, or accountants five years ago can be done by a handful of smart thinkers and much smarter systems," said Phil Fersht, CEO of US-based HfS Research, an outsourcing-research firm. Almost every Indian IT company worth its salt is now knee-deep in automation -- Wirpo's Holmes, Cognizant's Adpart, TCS's Ignio, and Infosys's Mana are examples -- and have already made thousands of their jobs obsolete.

"If I were Prime Minister Narendra Modi, I would be very concerned that a whole workforce generation needs reorienting to address work activities that are growing in demand." added Fersht.

Zdnet | May 17, 2017

Read More

NEWS

IT hiring in America and firing in India isn't what's happening

“Adding armies of people is no longer the order of the day when you peer into an uncertain future,” Phil Fersht, CEO of IT consultancy HFS Research, wrote in a blog post on May 6, titled ‘Is your current job the end of the line?’ Fersht is suggesting that companies are beginning to cut jobs not because they are in trouble, but because, riding a digital backbone, they simply need fewer people.

“And many savvy businesses are eagerly looking to get ahead of making savage future labor reductions by making them now, in a more incremental fashion,” Fersht adds.

Forbes India | May 17, 2017

Read More

NEWS

Wall Street banks ask tech companies to align with Trump rhetoric

"There have been some rumblings from several major clients, namely banks such as Bank of America and Citibank, but it's more precautionary at this stage. Most of them simply want to know if there is the ability to move more onshore in the event of greater H-1B restrictions," said Phil Fersht, CEO of US-based IT advisory firm HfS Research.

Economic Times | May 16, 2017

Read More

NEWS

IT sector to lose 6.4 lakh "low-skilled" jobs to automation by 2021: HfS Research

"We've already precisely pinpointed that 30% of routine, low-value positions are being phased out through automation over the next five years, far outweighing the expected new jobs being created in the medium-high skills areas," PhilBSE -4.90 % Fersht, CEO of HfS Research, said in a note.

Economic Times | May 15, 2017

Read More

NEWS

IT firms opt for fixed-price contracts amid low demand

Fixed price contracts could be a double-edged sword if operations are not managed well. “In such projects, IT service firms have to manage their cost and manpower better. In time and material, the margin was more or less fixed, given the pre-decided contractual rate. But, in fixed price, it is important to maintain the margin through cost management,” says Pareekh Jain, analyst at HfS Research India.

Business Standard | May 13, 2017

Read More