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Companies to spend $18 billion on cost saving technology

MP Rana


The top corporate houses of the nation such as Maruti, Hero Honda, Airtel are thinking on diverting a huge amount of about $18bn for having ‘cost-saving technology’. This will involve buying hardware systems, software applications and services.


The IT market of the country is expected to accelerate at 13%, which is about half of the last year’s growth rate; being 25%, as opined by Browne and Mohan’s (a consulting firm) TR Madanmohan. There has been a change in the preference order of large IT buyers, like Maruti. These companies are now concentrating more on short-term projects, which offer greater opportunities for cost savings. This is to ensure that operations are continuously running, which is a greater concern in the current scenario. This has led to deferment of large investment options such as SOA (Service Oriented Architecture).


Players are more interested in leveraging their supply-chain management systems. Also, this year’s growth will be pulled by the mid-sized companies, with the big names delaying their investments in more profitable avenues.

 
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