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    Accenture looks at pay-as-you-use to drive banks' business

    Business Standard | Dec 06, 2016

    Sector analysts call it a "shift to as-a-service economy". "As business across sectors are moving their technology spending from capital expenditure to operating expenses, IT companies are gradually adapting to such models of services," said Pareekh Jain of HfS Research.

    "IT services companies, however, will have to focus both on getting more customers in the new segment and bagging additional deals in this space from existing customers to maintain revenue numbers," Jain added.

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Accenture looks at pay-as-you-use to drive banks' business

Sector analysts call it a "shift to as-a-service economy". "As business across sectors are moving their technology spending from capital expenditure to operating expenses, IT companies are gradually adapting to such models of services," said Pareekh Jain of HfS Research.

"IT services companies, however, will have to focus both on getting more customers in the new segment and bagging additional deals in this space from existing customers to maintain revenue numbers," Jain added.

Business Standard | Dec 05, 2016

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Major IT outsourcing acquisition will have mixed impact

“ISG's principle competitors — KPMG, Deloitte, EY and PwC — now have a bigger, badder ISG to contend with that can not only undercut them on fees but also can boast competencies in the emerging area of RPA, where the Big Four are currently winning out,” HfS Research CEO Phil Fersht recently wrote in a blog.

CIO | Dec 02, 2016

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No future for jobs in the info-tech sector

In a report in June, HFS Research said that by 2021 India could lose 6.4 lakh low-skilled positions in IT services and the BPO industry because of the automation of support and back-office processing work. Taking into account the new medium/high-skill jobs that will be created, it forecast a net job loss of 4.8 lakh. The loss in jobs will be largely in middle-level positions, says Pareekh Jain, Research Vice-President, HfS Research.

The Hindu Business Line | Nov 27, 2016

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Reliance takes its first step to software business with GE tie-up

"They missed out on the IT boom to TCS and Infosys and WiproBSE 3.09 % but this gives them a shot. The industrial internet wave has just started and, given how they have grown Jio, we know that they have the ability to grow a business swiftly," Pareekh Jain, research vice president at IT consultancy HfS, said.

The Economic Times | Nov 23, 2016

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One in 5 Indian companies to hire executive for digital journey

“Larger companies which are more consumer-facing are looking for this profile. The role of a CDO would be more consumer-focused and to ensure better experience in using new technologies, be it through mobile app or a video chat, for service,” said Pareekh Jain of HfS Research.

Business Standard | Nov 22, 2016

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Indian IT: As growth cracks, acquisitions the only way forward

Pareekh Jain, Research Vice-President, HFS Research, says, “This is the new normal. Unless companies make some acquisition the growth will average about 9-10 per cent.”

Hindu Business Line | Nov 16, 2016

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AXA's India captive unit to be hived off

“People join these captive firms mainly due to the higher salary offers. Therefore, if such units are not able to scale even after a few years, the cost of operations goes up. Disruption in use of technology in the financial services sector and emergence of start-ups are also impacting such separate IT entities of bigger companies,” said Pareekh Jain, vice-president at HfS Research.

Business Standard | Nov 13, 2016

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How Trump’s win can impact Indian IT

The other risk is that more countries may get protectionist now, says Pareekh Jain, Research Vice President (Engineering Services), HFS Research. Last week, for instance, the UK increased the salary threshold for visas to discourage entry-level immigration.

Hindu Business Line | Nov 09, 2016

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At campaign's end, Trump takes a swipe at IBM

But what Trump hasn't discussed -- neither has Democratic nominee Hillary Clinton, for that matter -- is an issue that Phil Fersht, the CEO and chief analyst at HFS Research, says is critical: automation.

Computerworld | Nov 07, 2016

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