Time & material, anyone?

A A

Darlington Jose Hector : Dec 10 2012, 01:56 IST

The Financial Express through many of its columns and articles over the last three years, has been trying to establish the need for India’s show-piece IT industry to move away from conventional ways of doing business. The last four years have been unconventional to say the least from an economic view point, and such a period dearly required unconventional methods. While many of the IT firms have been talking about the need to move away from its ever reliable linear model of business, very few have been able to walk that talk.

So when iGate, the Nasdaq-listed IT firm led by Phaneesh Murthy, an ex-Infosys head honcho, released an advertising campaign in North America favouring a business outcome led model, it seemed yet another example of someone talking about the need to change. The important question is: Can he actually do it?

The time and material model, which runs on time spent by techies on a certain project and the materials used to deliver it, is still heavily relied upon to drive revenues. However, there is no doubt in anyone’s mind that this model has run its course. One can still continue to milk it, but that’s not going to help us get anywhere in the future. Every top IT CEO knows this, and has been talking about it. But how many of them can come up with a winning plan? This is not easy, considering that the time and material model contributes nearly 2/3rd of the revenues of Indian software

... contd.

Ads by Google

Single Page Format

1 | 2 | 3 | Next

‘Reduce’ rating on Infosys, target Rs.2,350 Businesses get ready to mingle at PuneConnectIt’s the perfect time to consider new IT investments Cognizant Tech may post lower growth in 2013

Previous Story IPO rush: Cos make a beeline as markets rally Next Story Social innovation @ HP

Reader's Comments| Post a Comment

Be the first to comment.