India 2.0? .. then, Hyderabad 2.0?
The Web 2.0 hype has created a "wave" of 2.0's now. So far, have been seeing this only with respectto technologies and frameworks. This week came across a mention of this in a biz and economics context. About India. India 2.0!This is Red Herring's name for teh emerging opportunities in India. Citing the possible saturation in OutSourcing growth, RH says that the Indian IT biggies will now look towards innovation. Have always believed that Products and IP creation is the serious lasting growth opportunity for the Indian IT industry. Driving development/engineering in a Product startup for a long time, I only know the challenges too well. Even so, this is where we should head as an Industry.
Now if India2.0.. then Hyderabad 2.0 (or even 2.1?) wouldnt be far behind. :-)
Quote from RH's mail brief on the atricle:
IN PRINT: India 2.0
Hindus believe good actions will lead to a better life each time you are reincarnated, and that’s exactly what has happened in the two decades since India’s software industry sprang to life. Businesses built around Y2K fixes for the rest of the world transformed the country into a hub of a multibillion-dollar industry staffed with low-end coders, call center staffers, and back-office processors. Now India’s tech sector is transforming itself again, and the next iteration will engineer high-end products, foster tech innovation, and create intellectual property. University professors and tech industry CEOs say it’s only a matter of time before the country emerges as a global tech behemoth. Thanks to coffers filled with money from Western companies eager to hire low-wage workers for routine tasks, giants like Infosys and Wipro have cash to burn on research and development. They’re hiring top-flight researchers and product managers, and buying up companies at home and abroad. With the Indian outsourcing market unlikely to grow at the same clip over the next decade, innovation will let the country’s tech firms move beyond their humble roots. Firms like TCS, a company building artificial intelligence software that could one day make call centers redundant, is just one example. There are still opportunities for large software services companies to provide something radically new, says Infosys CEO Nandan Nilekani—just look at Google. Find out more about the transformation of India’s tech sector in this week’s Red Herring, “India 2.0,” on newsstands Monday. Here is a peek into the rest of our lineup:
• Entrepreneurs and investors think there is a good chance the next Hotmail or Skype could come from India. Learn what they’re doing to encourage promising young companies in All Aboard.
• Kozo Hiramatsu is the new president of Japan’s scandal-rocked livedoor, and Humpty Dumpty Had a Great Fall discusses whether or not he can help the company recover from the downward spiral created by former CEO Takafumi Horie.
• Campus Rave explains how Rodger Desai used the death of the dorm phone to get Rave Wireless onto college airwaves. His next goal is finding out how to beat Facebook.
posted by Ramesh L. @ 6:43 PM
5 Comments:
Ramesh:
I just came across your post and was amused to read it -- even I had a somewhat similar feeling when I saw the Redherring article on india 2.0 --- though we have names our blog india 2.0 and really believe there is an impending (r)evolution of web services for the indian user base. The thing I did not agree about the RedHerring article were the irrelevant analogies and treating/looking at india as a IT services factory. I think india 2.0 is going to be a LOT more about the indian online user base in the domestic and international market --- which will evolve to be one of the largest online consumer set, along with China.
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