INDUSTRY 4.0 is a convergence of physical and digital technology such as the Internet of Things (IoT), Artificial Intelligence (AI), robots, drones, autonomous vehicles, and other interconnected technology that have the potential to communicate, analyze and act. Industrial Internet of Things (IIoT) refers to the industrial subset of IoT in manufacturing industries — it means using smart sensors and actuators to improve manufacturing and industrial processes. It leverages the power of smart machines and real-time analytics to capitalize on data generated by these machines in industrial settings for years.

However, a digital industrial operation requires fundamental changes in all facets of the business to get off the ground. Specifically, a company must switch from a linear to a proactive business model to produce value for the customer. 

Acceleration of digital twinning in Industry 4.0

Digital twinning is an exciting technology that is helping organizations with a complete digital layout to carryout seamless, fast, and error-free product operations. It is the process of recreating a physical object on a virtual interface to improve the overall business process. Digital twins are being used in various ways and are revolutionising numerous processes, as one might anticipate. From manufacturing to healthcare, service management to product design, digital twins are frequently the technology underlying improved business operations. 

Traditional digital twin applications focused on use cases like anomaly detection and remote maintenance that repl icated only specific assets, such as wind turbines or jet engines. However, with the emergence of technologies like Artificial Intelligence, Machine Learning and IoT digital twins, instead of connecting one asset, it can connect systems of assets or even entire organizations. The digital twin software, especially AWS IoT TwinMaker and Azure DigitalTwin, are helping industries to create a holistic digital experience. This software uses diverse data sources using built-in connectors such as IoT data, application data, video data, and event data to devise a digital twin. Many tools also facilitate open modeling language to create a custom model for any physical object.

Looking at the bigger picture

While many companies are moving into IoT pilot projects to upgrade their business processes, according to a study by McKinsey, less than 30% have taken their IoT programs beyond the pilot phase. To achieve success amidst this highly competitive business in Industry 4.0, leaders should look beyond just introducing new technologies to the employees. It’s not only about buying into modern technologies; people are the backbone of a company’s success, so your people should be ready to adapt to new technologies to bring an absolute business reformation. 

The author is Sreekumar Pillai, CTO, Black Rock IT Solutions.

The post Reaping value from IIoT & Digital Twins appeared first on Black Rock IT Solutions – Software Product Engineering Services.

Previously, Black Rock IT Solutions has also been ranked on the nationwide Inc. 5000 list for five consecutive years.

“There is a reason why some of the world’s largest companies as well as the world’s fastest growing early-stage companies choose Black Rock IT Solutions. We are among the very few players worldwide that strive to execute on the customer’s vision, strategy, and goals and craft them into product roadmaps aligned tightly to business priorities. Our engineering maestros follow this up by developing products that deliver exceptional business value to our customers. We are truly proud of our teams who make this happen for our customers every single time. Product Engineering is all we know and truly care for since our formation seventeen years ago. We remain dedicated to pushing boundaries and delivering exceptional value to our clients. We are of course thrilled with being ranked as one of the fastest growing private companies in the Southwest yet again,” said Mr. Manoj Balraj, President and Co-founder of Black Rock IT Solutions.

Companies on the 2023 Inc. 5000 Regional Southwest list had an average growth rate of 557 percent across all industries in the Southwest region. Between 2019 and 2021, the Inc 5000 private companies added 16,116 jobs and nearly $5.5 billion to the Southwest region’s economy. Companies based in the Austin, Texas, Scottdale, Arizona, and Fort Worth, Texas, areas had the highest growth rates overall.

“This year’s Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America’s off-the-charts growth companies. They’re disrupters and job creators, and all delivered an outsize impact on the economy. Remember their names and follow their lead. These are the companies you’ll be hearing about for years to come,” says Scott Omelianuk, Editor-in-chief of Inc. magazine.

Click here to know more.

The post Black Rock IT Solutions ranked among top 100 fastest-growing private companies in the United States, Southwest Region appeared first on Black Rock IT Solutions – Software Product Engineering Services.

Listen the podcast here.

The post Keeping a successful work-life balance as CEO of Black Rock IT Solutions | Binu Jacob Interview | appeared first on Black Rock IT Solutions – Software Product Engineering Services.

An amount of Rs 26. 60cr has been earmarked for developmental activities of Technopark in Thiruvananthapuram, Rs 35. 75cr for the development of Infopark, Kochi and Rs 12. 83cr for Cyber Park, Kozhikode.

The minister also announced that the construction works of the proposed IT park in Kannur will start this year itself. Along with developing the existing IT centres, the government is planning to set up new IT corridors parallel to NH-66 which is being developed as a six-lane highway.

A total of Rs 559cr has been earmarked for the IT sector, in the budget. Among this, Rs 127. 37cr has been provided for Kerala State Information Technology Mission and Rs 53cr for State Data Centre.

Kerala Fibre Optic Network (K-FON) project got Rs 100cr while Rs 2cr was earmarked for providing free household internet connection under K-FON project to 70,000 eligible BPL families. For this, 500 families will be identified in each assembly constituency.

CEO of Kerala Startup Mission Anoop P Ambika said that the programmes such as ‘Make in Kerala’ and ‘work near home’ would benefit the startup sector. “For the startup sector in the state the budget is futuristic. Theregular allocation of Rs 90. 52cr can be utilized to extend KSUM activities to abroad. The additional fund of Rs 30cr can be used for other developmental activities,” he said.

“Some of the investment areas such as the Rs 1,000cr for land acquisition for IT infrastructure could be utilized to enhance existing IT parks’ infrastructure, ensuring they are leveraged to their full extent,” said Binu Jacob, MD and CEO, Black Rock IT Solutions, a Kerala-based IT company.

Graphene Centre to be operational this year

In his budget speech, Balagopal said that theactivities of India Innovation Centre for Graphene set up to conduct research experiments on Graphene will become operational by September 2023, in Kochi.

A sum of Rs 10cr, including the plan allocation of Rs 6cr, has been earmarked for the activities of the Centre for this year, said the minister.

The minister also said that 13. 65 acres has been identified for Digital Science Park at Technopark Phase-IV, Thiruvananthapuram, for which 10,000sqft space has been identified at Technopark campus till the completion of the building. The park will be functional by May, 2023.

Click here to know more.

The post IT parks get allocation for development works in budget appeared first on Black Rock IT Solutions – Software Product Engineering Services.

Companies have less appetite to invest in innovation and are forced to slash discretionary spending and freeze headcount additions. However, times like these also give IT companies access to lower rates, a position to renegotiate long-term deals, and an increased supply of a talented workforce. If channeled properly, this could be the time to catalyze growth, gain market share and add value to our existing businesses.

During a Downturn, Spending on Tech is Inevitable

Markets are cyclical, and a downturn is the best time to look beyond cost-cutting and move toward strategically investing in technology. Tech is invaluable since it is ingrained into every type of business today for service enablement – a key reason why investments in tech will continue to pour in during the coming years. It ultimately helps organizations stay resilient during turbulent times; its immense contribution to the day-to-day business is undeniable.

According to a recent study by Spiceworks Ziff Davis (SZD,) companies in North America and Europe plan to increase their IT Spending in the coming year, with 51 percent of the 1400 IT companies surveyed attesting to the increase while only 6 percent intended to contract tech spending. This demonstrates that while recession talks have led companies to freeze hiring, cut costs, and re-evaluate their existing contracts, spending in tech will continue to increase.

The Emergence of Digital

With all the advancements in IT – from stand-alone or desktop applications to enterprise systems via ERPs, CRMs, and web and mobile extensions – systems were already advanced, and enterprise IT investments formed a significant part of the budgets of forward-looking companies. But with the rise of digital technologies, connected or pervasive and the Cloud becoming the norm, value-for-many systems having changed cost structures, etc. – every business has become more of a technology business driven by digital.

Businesses that embraced digital had the advantage of being pervasive enough to get insights on consumer behavior to steer faster growth. Native digital companies such as Netflix or Airbnb have grown faster than the big brick-and-mortar companies, making a compelling business case for more traditional companies sitting on stockpiles of cash reserves built over decades. If they don’t shift to digital, digitally aligned organizations will give them a run for their money.

There will be a propensity for these large enterprises to quickly move to digital over the next five years. But the skills required to make this change do not exist in the market at the desired capacities, and therefore, even in times of a market downturn, investments in tech are likely to continue. This is the perfect opportunity for organizations & industries looking to become more agile and iterate faster; leveraging the right digital technology will unlock new business models and channels of business growth.

For example, a modern bank can process an agriculture loan in a few minutes as land records are GIS enabled and digitized. So, can a traditional bank ignore tech and yet remain in business?

Why are Companies Now Continuing to Invest in Tech

As outlined above, investment in tech is not a cost to a company but rather a pivotal facilitator to stay relevant in a modern business environment. Tech helps companies scale growth, amplify product delivery, and pioneer operations at a time when budget cuts are inevitable. In the SZD study, one-third of the companies planned to allocate their IT budget to enable remote work by increasing security, data governance, and implementing online collaboration tools.

While overall tech investments will increase, there will be a shift in the existing dynamics within tech, giving prominence to certain areas while showcasing a decline in others. Many businesses will continue to prioritize new IT projects, bolster security software, and provide less importance to in-house hardware as they move their IT resources from in-house to online. According to a recent Gartner study, spending on new hardware has fallen by 3 percent since 2020, while there has been an increase in planned spending on cloud computing and managed services by the same extent.

Additionally, there are markets where digitization is low, like Japan, with the potential to grow in the upcoming years. Employers will increasingly focus on digital, product engineering, and hybrid tech to enable new business forms in emerging markets.

Where in Tech are Companies Spending

If we make it viable for companies to fund projects and satisfy the requirements needed to make digital products successful, there is no doubt that investments in technology and products will continue to pour in. According to a recent report, the top strategic tech trends for 2023 will include enterprises using Industry Cloud Platforms, Platform Engineering, and Wireless Value Realization.

According to Gartner research, there is a 5.1 percent increase in IT spending projected for 2023, with the majority geared toward software and service spending. Additionally, software spending will increase from $790 billion in 2022 to $890 billion in 2023, with 11.3 percent growth, and spending on IT services will increase by 7.9 percent.

Closer to home, as NASSCOM Chairman Murugesh pointed out in his keynote address, the Indian IT industry is set to grow to $350 billion by 2025 from the present $191 billion, riding on increased growth in digital initiatives and higher spending by global Fortune 500 clients. I believe India might have a capacity of nearly 10 million engineers by then, which will still be inadequate to meet the demand.

Where does Labour Shortage Stand Amid Spending in Tech?

In terms of labour, when costs are high in the EU and the US, there is more possibility of offshoring. More recently, tier I and tier II companies in Australia and New Zealand are offshoring for the first time as they need to adequately address the labour shortage to meet an ever-increasing demand to shift to digital products. A recent visit in December 2022 by a Finnish ministerial delegation to India said they would make visa norms easier for Indian tech talent and healthcare professionals- yet another indication of the truth that India will have 20% of the world’s working population by 2047! (as stated by Bob Sternfels, CEO Mckinsey & Co.)

But this doesn’t signify a lack of avenues for creative folks who find opportunities to grow. Employees equipped with the pulse of tech and solid domain understanding will continue to see market demand. Staying on top of emerging tech trends will help employees adapt quickly, and employers retrain people and find new areas within tech to focus on. Ultimately, those who find new opportunities and leverage their experience and expertise to match it will continue to grow even during an economic downturn.

For the short term, employers will need to balance increased IT demands. And as we build digital products, we must adapt. We should remain steadfast on the personalization of application as it plays a dominant factor in setting us apart from the rest by increasing our key capabilities. Learning to adapt individually will also enable employees to find opportunities during challenging times.

To summarize, companies view spending in IT to streamline their businesses and operate more efficiently. It helps aid internal operations, and increased spending on IT has helped businesses scale without increasing their headcount. This doesn’t mean this expansion is without its fair set of challenges. Our task as employers is to articulate the benefits of shifting to digital in a manner that allows people to invest even when the money and markets are tight.

Click here to know more.

The post During a downturn, spending on technology is inevitable: Binu Jacob, Black Rock IT Solutions appeared first on Black Rock IT Solutions – Software Product Engineering Services.

Kerala is the second-most urbanized major state in India, with 47.7% Urban population. The IT sector has been consistently augmenting the state’s GDP growth. It is the only industry that registered growth during the Covid crisis. I hope the state government continues to strengthen the local IT ecosystem, by providing more incentives to homegrown players. In light of a looming global recession, such bolstering is essential. A flourishing IT sector will eventually provide more jobs, strengthen the economy; it’s a win-win scenario.
CEO, Black Rock IT Solutions

The post B-Buzz | Great Expectations | TNIE speaks to stakeholders and common folk to gauge reactions to the Union Budget and expectations from the State Budget  appeared first on Black Rock IT Solutions – Software Product Engineering Services.

With 30 years of experience across various executive management roles at different software companies, including a stint in a leadership role in the Indian Air Force, Binu Jacob, CEO & MD of Black Rock IT Solutions, sheds light on India’s path toward becoming a global innovation hub. During his engineering days, the IIT Delhi alumnus hadn’t the slightest desire to run or own a company. However, at the institute’s convocation ceremony, the words of Keshub Mahindra, the retired chairman of Mahindra Group, inspired Binu to be an entrepreneur and establish a venture in the IT services domain in India.

Below is an excerpt from the interview with CIO Insider magazine, where he walked us through his journey and the latest endeavors with Black Rock IT Solutions.

In conversation with Binu Jacob, CEO & MD, Black Rock IT Solutions

What are the major drivers of Product Engineering Services in India?

India has the capability and capacity to build high-quality products due to our technical competence and process culture built over the years in the thousands of tech shops here – this gives us a unique advantage while taking on the massive demand for digital product development.

To properly understand the demand for product engineering services, just look to native digital companies that have seen explosive growth in valuation; in terms of timelines, they took only a quarter of the time brick-and-mortar companies took to reach a billion dollars – companies like Uber, Airbnb, and Netflix that have grown quickly to become powerful global brands. Brick-and-mortar companies like banks and telecom companies have vast cash reserves accumulated over the last century. There’s going to be a pent-up demand to conceive and adopt digital products, and that is precisely the opportunity that India will benefit from in the next few years, leading to a doubling of its IT workforce.

A major market that can be targeted internationally is Product Re-platforming – the digitization of existing products. This opens up opportunities for product managers to retain clients and onboard new ones.

Apart from this, the vibrant start-up culture in India is another driver of the demand for Product Engineering. With the wide adoption of digital payments, 4G and 5G networks, and initiatives like Aadhar becoming mature countrywide, we have the propensity to absorb a lot more digital products in our market.

So rather than focusing on the volume game of IT Services, focusing on Product Engineering will help many companies address the demand already flowing in. In recent times, I have also noticed an increased demand from private equity companies for such companies in India. So the opportunity is very real.

How do you believe Product Engineering will transform the business landscape?

Personalized services make all the difference when it comes to a successful business. Airlines are not just about flying planes – today, they also aggregate hotels, cabs, and insurance providers. So if personalization is a need that goes without saying, the only hope businesses have is to deploy digital technologies that can be pervasive for the right reasons.

While ERP made enterprises more efficient in the past, web, mobile, RPA, and IoT made direct consumer engagement possible today, making it easier for clients to get what they want. If your technology deployment is better than the competitors – embedding personalization better – your business wins against the competition.

Ride-hailing apps such as Uber and Ola are good examples of how persuasive technology can be and the technical skill required to implement said technology. These apps show the movement of vehicles through the representation of animated vehicle icons. It takes a robust underlying cloud infrastructure to make that happen in real-time. What’s more, serverless architecture delivers accurate information for reaching a destination at the time it prescribes.

This persuasiveness, achieved through personalization powered by Product Engineering capabilities, will change not only the business landscape but also product development as a field. It also lays the foundations for strong connections between enterprises and customers and vice versa.

What are the opportunities that can be mined with Product Engineering?

Asset maximization opens up numerous opportunities, and I believe it influences consumer behavior and consumption aspirations as well.

For example, if I prefer high-quality organic fruits and vegetables delivered to my household, I could aggregate the agriculture business using a platform. The potential to leverage technology lies in every industry and sector. The opportunity to address a particular business segment is also the opportunity for product digitization. Every business must eventually become a technology business; for instance, cars will soon be 60 percent software and only 40 percent mechanical in value terms.

Many industries are ahead of the curve in the asset value maximization and utilization game. A good example is car manufacturers becoming mobility service providers – as they strike deals with battery manufacturers, municipalities, and utility companies to provide charging stations that lower the cost of mobility while providing high convenience.

What do you anticipate for the future of the Product Engineering sector in India?

Digital technologies were bound to impact business with or without the pandemic. It was predicted nearly a decade ago by many analysts, such as Frost and Sullivan, when they predicted megatrends for ‘value-for-many’ businesses. It is value-for-many businesses that became a reality with digital technologies. Airbnb services millions all over the world without owning any physical inventory have around 13M room listings around the world. The digital revolution was bound to happen and had it not been for the pandemic, which happened at the same time, the growth would have been far greater!

I believe the international market is not very different from India; India has models to replicate anything the global market has in its store. However, India is less intensive on the investment front, unlike the West. Although Digital India and other such initiatives rose to fame, not to mention the advanced banking we have—far better than that of the US – I still come across sectors that require the replication of successful international models.

India hasn’t settled its score with infrastructure bottlenecks. There are too many people and a too scant amount of infrastructure to suffice. On the brighter side, there is an immense opportunity to turn this around with technology.

I also believe that there should be an encouragement to welcome more products in India, and I believe it’s already happening thanks to the startups and new businesses. India will lead, and its product sector will run faster than ever.

What suggestions do you have for upcoming IT leaders looking to access new opportunities in the field?

The ingenuity of technology and a product mindset is extremely important for the future of IT services leaders, along with consultancy skills and competence in the domain being addressed. Understanding this mantra while building new products or re-engineering existing ones will be the differentiator when it comes to market success.

I observe that the potential to make a huge difference lies with personalization – it’s why people prefer a courteous cab driver who opens the car door and helps with the luggage over one who won’t bother to do it. It’s up to the IT guy to understand the cultural context and inject appropriate personalization into the products he is building. Companies excelling in this area are sure to win.

To achieve this, I believe you need a competent workforce who understands the cultural context, as well as the technological advancements, and infuse both into products to ensure customers adopt quickly. Anybody who understands the nuances of product development and brings personalization into the technology will enable more consumer acquisition and retention than their competitors. What matters is quick end-consumer adoption due to the high usability engineered into the products delivered.

Click here to know more.

The post Product Engineering: India’s Trump Card to Becoming a Global Innovation Hub appeared first on Black Rock IT Solutions – Software Product Engineering Services.

Black Rock IT Solutions climbed the ranks by clocking a 294% revenue growth over the last three years. This stands testimony to the company’s continued commitment to being one of the most trusted and results-oriented names in the Product Engineering and Digital Transformation space.

Black Rock IT Solutions continues to scale as a globally recognized brand, providing custom digital transformation solutions. The company’s employee strength grew over 70% while adding several Fortune 500 companies to its client list. Black Rock IT Solutions recently won several industry-acknowledged recognitions, including Frost & Sullivan’s 2022 Global Customer Value Leadership Award. They also debuted as Major Contender in the Digital Product Engineering Services PEAK Matrix® Assessment 2022 by Everest Group.

“It has not been an easy couple of years, but achievements like these reaffirm that blackrock is on the right track,” says Manoj Balraj, President and Founder, Black Rock IT Solutions, Inc. ” We did two things right. The first is to continue our unrelenting focus on delivering exceptional customer experiences. Secondly, we solved complex business challenges experienced by our customers. These moves have helped us sustain our customers’ trust in our capabilities. We are committed to continuing delivering the finest in product engineering and digital transformation to the people who place their trust in Black Rock IT Solutions.”

The companies on the 2022 Inc. 5000 have not only been successful but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of COVID-19.

Click here to know more.

The post Black Rock IT Solutions listed in Inc. 5000 ranking fifth year in a row appeared first on Black Rock IT Solutions – Software Product Engineering Services.

In times like this, it’s tempting to think of short term solutions that will “retain” talent – but with the right practices and values at the workplace, with an environment that fosters learning and encourages individuals to follow their passion while driving their growth, you can create a culture that employees will not want to leave behind. 

Here are four ways to guarantee the longevity of the personnel in your organization:

Enhance Employee Experience

Every experience an employee has with the organization is setting up an image of the company in their minds, right from the on-boarding process to the day-to-day emails they will receive. Educating the employee on workplace culture, setting the right expectations, keeping them informed of evaluation processes, and having a clear guide on how to incorporate the company’s core values into their day-to-day activities can give them a sense of structure and set them up for success. An organization that encourages its personnel to take accountable actions by addressing conflicts and resolving dilemmas nurtures a positive and professional attitude. Constant feedback on performance and celebrating their milestones are also important in boosting their fidelity to the organization. It is also important to have avenues at work that give employees space to explore other interests, and grow beyond their professional personas at the workplace. Many organisations implement mechanisms to better understand employee sentiments related to their professional lives. Interpreting these sentiments allow the organisation to respond to the needs of employees empathetically and help them create impactful strategies to drive employee engagements proactively and effectively, which improves Employee Experience.

Promote a Culture of Learning

Organisations will get better commitment from their employees if they roll out top-notch training programs which are aimed at enhancing their skills and knowledge. Employees will appreciate the investment made by their organisation and will be willing to extend their time to reap its benefits. This in turn will help employees find innovative and creative ways to solve problems and accomplish everyday task more efficiently.

A LinkedIn Workplace report states that 94% of employees stay longer if the employer invested in their professional development. Providing employees the opportunity to learn, develop, update, upskill and reskill can augment the partnership between the company and its personnel. With the myriad of micro-learning platforms available today, it’s easier than ever to give employees the opportunity to equip themselves to take on new challenges. A highly skilled workforce also makes it easier for an organization to hire inwards for vacant positions, while providing employees the benefit of career advancement. 

A Balanced Work-Life

Reports consistently point out that most people consider work-life balance a top priority while looking for employment. Post-pandemic, it has become ever more imperative. Having a manageable workload, market-appropriate pay and equitable time off to recuperate and recharge gives employees a new vigour to perform and effectively fight burnout.

People-centric organisations put their people first, over everything else. Organisations like this will see that ensuring employee happiness improves the overall productivity of the employee and thus, customer satisfaction as well. 

Managers should treat their team as family and strive to make trust their topmost priority, understanding their team, their work-life needs, their desires based on their personalities & constraints. Managers should review the productivity of individuals & teams over the number of hours worked and provide flexi-timing, time-off to pursue their passion, review their workloads in projects continuously, and make sure that the expectations set are realistic and interventions are triggered in a timely manner.  

Reward Hard Work and Loyalty

Being seen as a valuable part of the workforce boost the morale of the staff. Receiving recognition and appreciation gives the employee a sense of belonging and gratitude. Timely benefits can raise the employee experience bar very high and can be instrumental in a longer period of longevity.

If you ask a group of employees, “What is the top most thing which your company does to inspire you to produce best work?” – more than 50% of the respondents will answer that it is personal recognition which encourages them to work beyond the expectation of customers. So building and promoting a culture of appreciation and recognising employees in front of a larger group motivates people to do their best at work. It is good to have digital and transparent platforms to identify the efforts of everyone real-time, recognise best performers instantly and allow their peers to reach out to them and celebrate their achievement, making the recognition more meaningful and motivating others to reach that milestone sooner.

In conclusion, while there are multiple factors influencing the longevity of employees, organisations must conduct frequent surveys and work closely with employees to understand their priorities. It is imperative to create an employee-friendly culture and craft solid plans to stay actively involved in the employee life cycle, provide them with learning tools continuously, and valuing their contributions at every turn.

Click here to know more.

The post When retention isn’t good enough – How to increase employee longevity- Article by COO Suresh Panicker appeared first on Black Rock IT Solutions – Software Product Engineering Services.

“We have plans to open new centres in Kozhikode and outside Kerala once clarity emerges post Covid on the back-to-office trends”, Binu Jacob, Managing Director and CEO said.

“We are planning to scale up our sales capacity across global markets for adding enterprise clients”, he said adding that the current focus areas are on infrastructure & mobility, BFSI, retail & e-commerce, healthcare and edutech. The portfolio services offered are in digital product engineering or re-engineering for the enterprise clients in domains incorporating horizontal services such as Data & AI, Dev Ops, Design Services, Cognitive Computing, Testing Services and IoT.

As part of ensuring a stable and long term revenue, the focus has already shifted to Tier I companies where their IT budget are being enhanced to embrace digital transformation during the next five years. The company has a team of 1,500 members working with clients across 35 different countries.

The company has offices in the US, UK, Germany, Switzerland, Netherlands, Australia and New Zealand.

To a question, he said the rising inflation in the US and other parts could have an impact on the IT sector, leading to reduced spending by companies and slowing down of projects especially in real estate, mortgage sector etc. However, healthcare, insurance and retail are largely be insulated from the inflation effect in the immediate future, he said.

Jacob added that the Ukraine crisis is expected to benefit the Indian IT sector in a big way if effort is directed towards identifying such opportunities where business continuity is at stake, and the Indian IT can come to their rescue. Several product companies in the US, UK, Nordic countries and Israel have invested heavily in Ukraine, which is the biggest IT supplier from Eastern Europe. India can leverage the opportunity arising out of it by carrying out aggressive marketing initiatives to grab a pie of the business, especially product engineering companies, he said.

Click here to know more.

The post Black Rock IT Solutions to hire 3,000 people in three years appeared first on Black Rock IT Solutions – Software Product Engineering Services.