IT firms eye benefits; quality big challenge
Companies in the domain of health insurance, knowledge process outsourcing (KPO) and analytics related work are expected to benefit. Top executives in the IT sector feel it is important to have sufficient capability to leverage this opportunity, while ensuring that quality of support does not drop as had happened in the past.
Infosys Technologies CEO S Gopalakrishnan said, “The need to create electronic healthcare records will create great opportunities for the sector. But the capacity to leverage this will vary from company to company.” Commenting on the preparedness of the Indian IT services sector to cash in on the opportunity, he said, “Healthcare is a sector which is under penetrated by the Indian IT services industry. But if you don’t have the capability it will have to be created.” In the US, there are a lot of litigation cases related to healthcare, creating huge opportunities for the KPOs. But India will have to withstand stiff challenges emerging from outsourcing destinations such as Vietnam and Philippines.
While the IT related insurance market opportunity in US stands between $25-30 billion according to the market estimates, it remains to be seen what fraction of this can be won over by Indian firms. Not every IT firm will be able to gain from this though,
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