Global slowdown has affected almost everyone on this planet, and experts say that it is only the beginning of a “long draught”. Most companies are resorting to cost cuts by either shedding off the extra “flab” which they might have accumulated during the boom days, or by shutting down expansion plans and imbibing innovative cost cutting techniques. On the other hand, this can be the right time to start your own business considering the tough initial conditions, which might condition “young” firms to withstand unfavorable economic conditions right from the start.
As far as the IT industry is concerned, I think most outsourcing firms have either started or will soon start laying off employees, mostly developers. IT firms who are into core product development might not be greatly affected by this slowdown, but those engaged in providing only services will definitely suffer due to a less liquid market. When the IT boom started, almost everyone wanted to catch the band-wagon, and this resulted in the explosive growth of not-so-technically-talented people who claimed to be IT experts just because they had worked on a particular platform for x years.
Now is the time when true quality will help the real experts survive this slowdown. And, quality is not a by- product of experience alone, rather it is a mixture of skill, knowledge and adaptive reasoning coupled with experience. In my opinion, the economic slowdown is here to stay for some time, and only the toughest and strongest will survive. The current situation should lead to corporate re-thinking not only from an operations viewpoint, but also re-strategizing the core business planning. No kind of slowdown can fight quality, and your true skills are your best assets. We should take this economic crisis in a positive sense as it will help people realize and focus more on their competency and quality, increasing overall competitiveness and broadening their horizons.
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Well put Vivek. Even though I have come across many many talented software developers, I have also seen first hand…all those people who “were not college bound” …who went to a 6 month tech school…and got their ‘degree’…and immediately became experts. Yea, they might have made some quick money from writing some spaghetti code application…but now is the real test. They better hold on…and they better start reading the books that you and Joydip have written!!!
ha ha…well said!
Ha… that gives a bright insight for any individual and not just IT people… not only this sector but any service sector which has been struck by the recession have the string to hold on to..! quality … n i am speaking coz i too am in the bandwagon
nice work.. keep it up!
Excellent work done Brother. I am proud of you. Though i have read few pages of your book but i must say it will become more helpful for the beginners as everything is mentioned so clearly and with examples.
keep it up Brother.
God Bless You!!!
Great work done.
Keep it up .
Nice stuff Vivek – makes lots of sense.