I have been struggling myself to find out the causes, why our Indian IT companies are unable to leave global foot print in the product development domain? why Indian nation is self limiting itself into a global leader only in services exports in spite of having sizable and creative middle class! Let me put my views on that.
Indian Institute of Technologies(IIT's) are leaders in technical education and enhanced India's softpower across the globe. But how many IIT students are pursuing their career in R & D? I think top Indian premier college students are going to abroad[brain drain] and after some time trying to establish start up product development companies in the overseas itself .[most of the start ups in the silicon valley].
Most of our Indian IT companies spends very meager amounts of their profits in the R & D sector. According some reports its less than 1% of their net profits. Need of the hour in the dynamic globalized world is paradigmatic shift from Business process outsourcing to knowledge process out sourcing. For that need to invest on R & D .
Our lack of risk taking attitude also inhibit the innovation. Because of that, most of the time, our IT leaders looking for lucrative and guaranteed revenues in the form of IT service exports. Time has come for out of the box thinking and need more leaders not mere managers. I think we need to collaborate with other IT players and stimulate untapped product development ecosystem.
Some of my friends, who have been working in some software service companies in India, stated that most of the time, they are working under intense stress and strain conditions. Even through few folks are proactively taking initiatives and generating innovative ideas but they tend to fail to transform the same into profit driven business models! Obviously innovation happens only when companies create conducive ecosystem otherwise we are remained to be obsolete persons in the competitive dynamic world.
Based on my experience and observation in Nvidia corporation, Santa Clara, there is good rapport between R & D teams and developmental teams. I think this is one of the ares need to refocus in our IT compnies. And Nvidia company encourages, it's workforce by providing lump sum amount of money for innovative initiates and there is well established healthy environment to transform those ideas into commercial purpose. Thus companies has to promote culture of innovation.
Recently, the group called iSpirit call itself a new generation think tank and hopes to bring about the transformation that will spur the growth of Indian product companies to a new level. In this process, hope is that, India can be rebrand itself as the land of software products.
I think we need to transform our higher education, more industry-academic collaborations, inculcate innovative ethos from childhood and update our skill sets to match according to changing society. I think this is the time for our NRIs to walk extra mile by utilizing their professional expertise and translate into business entrepreneurs like the way Chinese did.
Suneel Anchipaka
anchipaka.suneel@gmail.com
Indian Institute of Technologies(IIT's) are leaders in technical education and enhanced India's softpower across the globe. But how many IIT students are pursuing their career in R & D? I think top Indian premier college students are going to abroad[brain drain] and after some time trying to establish start up product development companies in the overseas itself .[most of the start ups in the silicon valley].
Most of our Indian IT companies spends very meager amounts of their profits in the R & D sector. According some reports its less than 1% of their net profits. Need of the hour in the dynamic globalized world is paradigmatic shift from Business process outsourcing to knowledge process out sourcing. For that need to invest on R & D .
Our lack of risk taking attitude also inhibit the innovation. Because of that, most of the time, our IT leaders looking for lucrative and guaranteed revenues in the form of IT service exports. Time has come for out of the box thinking and need more leaders not mere managers. I think we need to collaborate with other IT players and stimulate untapped product development ecosystem.
Some of my friends, who have been working in some software service companies in India, stated that most of the time, they are working under intense stress and strain conditions. Even through few folks are proactively taking initiatives and generating innovative ideas but they tend to fail to transform the same into profit driven business models! Obviously innovation happens only when companies create conducive ecosystem otherwise we are remained to be obsolete persons in the competitive dynamic world.
Based on my experience and observation in Nvidia corporation, Santa Clara, there is good rapport between R & D teams and developmental teams. I think this is one of the ares need to refocus in our IT compnies. And Nvidia company encourages, it's workforce by providing lump sum amount of money for innovative initiates and there is well established healthy environment to transform those ideas into commercial purpose. Thus companies has to promote culture of innovation.
Recently, the group called iSpirit call itself a new generation think tank and hopes to bring about the transformation that will spur the growth of Indian product companies to a new level. In this process, hope is that, India can be rebrand itself as the land of software products.
I think we need to transform our higher education, more industry-academic collaborations, inculcate innovative ethos from childhood and update our skill sets to match according to changing society. I think this is the time for our NRIs to walk extra mile by utilizing their professional expertise and translate into business entrepreneurs like the way Chinese did.
Suneel Anchipaka
anchipaka.suneel@gmail.com
