September 29, 2005
Indian Software Industry Subject of Beckman Lecture
Featured speaker N.R. Narayana Murthy -- chairman of the board and chief mentor of Infosys Technologies Ltd-- gave his perspective in his lecture "The Indian Software Industry: Managing Change and Growth in the Knowledge Economy".
Offshore outsourcing is a key feature of today’s global markets, with India serving as a major port for such activity. As the country’s software industry continues to rise, India’s information technology professionals must find new ways to compete in the global economy. These issues were addressed during the twenty-first Arnold O. Beckman Lecture in Science and Technology held September 14 in Foellinger Auditorium.
Murthy cited three components that aided the successful growth of the Indian software industry: globalization, 24-hour productivity, and the Global Delivery Model (GDM). He believes that globalization is about “sourcing capital from where it is cheapest, sourcing talent from where it is best available, producing where it is most cost-effective, and selling where the markets are.”
The outsourcing of jobs to India is viewed unfavorably by Americans who believe these positions should be available to US citizens. Murthy pointed out the 24 hour cycle resulting from the practice. Because the cycle combines the prime work hours in the US with the prime work hours in India, customers receive quick solutions in critical, time sensitive operations. This type of efficiency is essential to the Global Delivery Model, which Murthy says, “suggests that we split a large task into multiple subtasks and execute each task where it is best executed.”
LINK to rest of article
Posted by Becky at September 29, 2005 3:52 PM Posted to Technology