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.
Industry experts too were of the view that Tuesday's executive orders were "not as bad as expected". Phil Fersht, research firm HfS Research CEO, told ET the order is "very good news" for the IT industry.
Trump had passed the buck to the American bureaucracy to "make some legislative changes, as opposed to trying to force through the draconian measures that had been suggested during his campaign", said Fersht.
Those terms, which included an increase in minimum annual wage to a whopping $130,000 for a skilled engineer in the US, would have had a "crippling impact on Indian IT competitiveness in the US", he said.
Times of India | Apr 20, 2017Read More
"With US administration trying to strictly enforce the law for H1B visas, Indian IT firms will see a tremendous cost pressure. In addition, if the the lottery system is abolished for visa issuance, it will only add to their cost," said Pareekh Jain, analyst at HfS Research India.
Business Standard | Apr 19, 2017Read More
“It will impact the ability of Indian IT services companies to staff projects in different countries,” said Pareekh Jain, SVP and MD, India, HfS Research.
The Hindu Business Line | Apr 18, 2017Read More
And no one paints a narrative of disruption-versus-status-quo like Phil Fersht of HfS Research. Fresh off an HfS event with outsourcing buyers, Fersht has some grim findings (“Buyers are backed into a corner with broken delusions of automation grandeur as their CoEs fail“), but also some silver linings for those who can find the fortitude/humility to “fix one broken process at a time” and “get stakeholders onside by demonstrating meaningful, impactful outcomes.” Caveat: “Without major resource investments.” Hmm – I think I’ll keep my day job.
Diginomica | Apr 17, 2017Read More
Tom Reuner, senior VP intelligent automation and IT services at HfS Research, said at a time when Infosys' founders openly criticize the board, deferring a share buyback appears like a footnote in a much bigger problem. "Infosys urgently needs to steer back into calmer waters to regain the confidence of shareholders as well as employees.The best way to do that is to get the stuttering sales engine firing again. With a stronger financial performance, critics are likely to take a seat in the back row again," he said.
Times of India | Apr 12, 2017Read More
Pareekh Jain of HfS Research India says this is a change in the evaluation and execution process, but the policy remains same. “This will primarily result in selective approach by Indian IT firms in H1B visa petitions.”
Business Standard | Apr 05, 2017Read More
Phil Fersht, CEO of HfS, the leading RPA and digital labor analysts firm, noted, "We see an enormous move towards fully digital enterprises, and customers are looking for best-of-breed solutions that can be integrated into one digital automation platform. Blue Prism and its partners are now offering this capability, and it will be fascinating to see just how the digital workforce will accelerate the digital enterprise.”
Yahoo Finance | Apr 05, 2017Read More
“The biggest impact will be on young IT professionals as on the one hand jobs are reducing because of automation and, on the other, their prospects of going on-site, whether to the US, the UK or Singapore (the three most popular destinations), are getting reduced,” said Pareekh Jain, Managing Director of HfS Research in India.
The Hindu Business Line | Apr 05, 2017Read More
The addition of Rage Frameworks, which has been applying machine learning and language processing to build intelligent automation platforms for financial services, capital markets and supply chains, “will take Genpact deeper into integrating semi and unstructured data and AI, where we see the true marriage of business processes with clever technology and self-developing algorithms,” says Phil Fersht, CEO of outsourcing analyst and consulting firm HfS Research.
CIO | Mar 28, 2017Read More