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Uncertainties facing IT industry settled down, says NASSCOM

Press Trust of India  |  Hyderabad 

Uncertainties facing the industry have settled down to some extent and their level is now better understood, R said today.

He said there has been a lot of turbulence in the industry last year following heightened uncertainties.

"But to some extent now, they (uncertainties) have settled down; not that uncertainty has disappeared but the level of the uncertainty now is far better understood," told reporters here.

He also said has shared its budget expectations with the Ministry and they centred around the ease of doing business and not about sops.

"Basically, it's centred around the ease of doing business, challenges with regard to GST, some of the issues regarding taxation and environment for the start-up eco system, including angel issues. But essentially about streamlining the business environment; it's not about sops," said.

He said (AI) has become a big area now, because of the impact it's having and skills that are required are a big challenge, because it's a new area.

has put together a major initiative on skills of the future and identified eight in this regard, including AI, Big Data, and 3D

There is a need to get much deeper into these technologies, according to him.

"We have taken up more intense programme to deepen the capability and capacity within the country both by bringing in experts from outside, as well as learning with the industry", he said.

NASSCOM is in discussion with the on setting up of a centre of excellence in AI and data sciences in the State, on the lines of one existing in Karnataka, Chandrashekhar said.

Earlier, NASSCOM and World and Services Alliance (WITSA) held discussions with Telangana government on the on (WCIT), to be held here from February 19 to 21.

Chandrashekhar said the Leadership Forum (NILF) would also be held along with it.

Telangana IT K T and top WITSA officials were present.

NASSCOM said WCIT-NILF 2018 will witness 22 power-packed sessions covering AI, Blockchain, Experience Age, Innovation, New Globalisation and Future of Work, among others.

WCIT will be held in for the first time.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 18:50 IST