Bfsi
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India's IT and business services market to grow by over eight percent to reach $14.3 billion by 2020: IDC
•Of the total market, IT services segment contributed about 76 percent in the second half of 2018, it said in a report
IT sector, startups likely to hire 5 lakh people in 2019; entry-level packages up 20% in 2018: Mohandas Pai
•Entry level packages are now pegged at 4.5 lakh to Rs 5 lakh per annum, as companies are beginning to pay more to attract "higher quality".
Companies bullish about recruitment activity in July-December period with job creation slated to rise
•More than half of the recruiters predicted that hiring would take place among domains like sales, marketing, IT and operation.
Azim Premji says early investments in disruptive technologies resulting in successful outcomes for Wipro
•Azim Premji said since the start of 2017, most of the large global economies have been doing better than in the last few years, while developments in technology have been gathering extraordinary pace
Increasing automation, Infosys boardroom spat disrupted India's IT industry in 2017
Ians •The resilient Indian IT industry, which has been going through challenging times on multiple fronts, faced disruption in 2017 from increasing automation and the boardroom spat in software major Infosys spilling into the public domain
Intel says that nearly 70 percent of Indian firms will deploy AI before 2020
Ians •Intel currently powers 97 percent of data centre servers running AI workloads worldwide and has been investing in the development of the ecosystem in India.
Telangana government announces IT campus for people with disabilities; claims it will be world first such facility
Ians •The campus will create an immense advantage for the persons with disabilities but still deserve an opportunity to lead life with dignity and self-respect.
Bots set to change the rules of BFSI; will put substantial capabilities in the hands of consumers
Beerud Seth •Bots, powered by ample compute cycles and memory as well as the rapid advances in AI, will put substantial capabilities in the hand of the consumer.
GST: Over one lakh immediate new employment opportunities expected
•GST is expected to create significant job opportunities as the businesses will need to hire professionals for dedicated GST management, upgrade and reconciliations.
Wipro launches nine solutions to integrate blockchain technologies across industry sectors
Tech2 News Staff •The solutions have been developed for the Banking Financial Services and Insurance, Manufacturing, Retail and Consumer Goods industries.