Zoho Corporation’s chief scientist, Sridhar Vembu, has published an assessment that gives reflection on the current state of the Indian IT industry. Known for its frank opinions on social networks, Vembu recently reacted to the disappointing quarterly results of large IT companies such as TCS, Infosys and Wipro, arguing that the slowdown is neither simply cyclical nor motivated only by the prices of AI and Trump. According to him, the industry is at the beginning of a deep and long -term transformation.
VEMBU believes that the wider software industry has worked ineffective for decades, supported by an extended asset bubble. These ineffectiveness – rooted in swollen, sur -Hirso systems and a billing model focused on entries – have long been standardized, in particular in India. “Our jobs came to depend on them,” he tweeted that a large part of the Indian computer jobs was built on the imported ineffections of the West.
Previously, in a separate tweet, he had explained that company software has become saturated due to easy VC, PE and Introduction money on the stock market. Companies have been encouraged to devote more, motivated by the fear of missing and technological uncertainty. This resulted in the creation of duplicated and expensive layers of expensive systems, which in turn required a large workforce to maintain – often from India. VEMBU stressed that Indian IT services have multiplied these ineffectiveness, loose hiring due to budgets in fixed dollars and low costs by CAPITUA. This practice not only wasted talents but also rooted unproductive systems. “A team of two can surpass a team of 20 people,” he said, deploring the way that bills of staff have deleted innovating or rationalizing. He, he thinks, is not yet the basic threat. Although it currently offers modest productivity gains (10 to 20%), it is the years of accumulated ineffectiveness that now threaten the software labor market. VEMBU recalled how previous calculations – as during the 2008 financial crisis – were avoided by monetary relaxation. However, with today’s financing “drought”, he maintains that the day of calculation can no longer be delayed.
He pointed out that Indian banks as a counterexample – in a way, effective and warned of technology – because they had no choice but to optimize without swollen budgets. Now he urges the industry to challenge old hypotheses and to think again. Its message is clear: the next 30 years will not resemble the last one, and the Indians must evolve or risk the decline.
Internet reacts
A user deplored that the generations of talents have been sacrificed to operate as stolen door offices for world giants, undermining the autonomy and leadership of India. They criticized the culture of jugaad, the ineffective appellant and an obstacle to real innovation and digital sovereignty. Sridhar Vembu de Zoho has accepted, declaring that India must concentrate his talent on the resolution of his own challenges. Another user has noted that many computer and technological jobs in India came from cheap American influx of American money in exchange for services, but these roles have created a real limited value. With the global tightening of cash flows, they noticed that not only IT and technology, but also advice, finance and other sectors of white collars can be disrupted.
