Keep Innovating Results will definitely follow in the long run

S Mohini Ratna
Editor
VARINDIA

New RBI governor Raghuram Rajan recently made a veiled reference to the similarities in the behaviour of Indian cricket fans and economic analysts.  You can agree with him to some extent. It won’t be a bad idea to believe that there is “light at the end of the tunnel”. Despite all the hue and cry, the Indian economy is still likely to grow at 5.2 per cent in this 2013 calendar year. 

Apart from the announcement of some big-ticket reforms made by the Government in the recent past, the government has decided to fast-track 17 large projects with total investments of around Rs.4 lakh crore which may give an impetus to the industry. This will go a long way in improving the economic health of the country. 

Another, step which will give a big push to the industry is in-principle approval by the Cabinet to subsidize the setting up of chip-fabrication units in the country. Apart from attracting investments in the semiconductor sector, it also displays the government’s propensity to stress the need for investment in the manufacturing sector. 

Of the two chip-fabrication projects the government had shortlisted for subsidy, the consortium for one is led by the Jaypee Group, which will get technology support from IBM. The other is by the domestic chipmaker Hindustan Semiconductor Manufacturing Corp. (HSMC), which has roped in STMicroelectronics NV. The projects are said to be worth Rs.25,000 crore each. 

Adaptation of social media is increasing. The reason is not far to seek.  The use of social media offers a whole lot of communication and advertising benefits for many businesses. Indian firms are using the social media – Twitter, Facebook, LinkedIn as an effective business tool. Needless to say, these sites connect consumers across channels driving greater volumes of conversations and effective campaigns. 

Today, there is a fundamental structural shift happening in the way we work. Gone are the days when companies locked down computers allowing their employees to only use monolithic products through a wired network in an office environment. Today’s employees are driving a change, thanks to their being empowered by powerful consumer devices and self-service Cloud applications. 

As businesses are in the process of allowing employees to bring their personal computers, smartphones and tablets in the workplace and access corporate applications, the popularity of BYOD is increasing fast. The landscape of the IT industry is undergoing a sea change through mobility, consumerization of IT, Bring-Your-Own-Device (BYOD). However, the increasing popularity of these devices will create several problems for IT departments as they attempt to mitigate risk. 

As a leading technology publishing house in the country, we, at VARINDIA, always try  to recognize the efforts of each individual / organization as Technology Evangelist, entrepreneur and corporate. In our endeavour, we have been assisted by the industry in some form or the other. I extend my gratitude to all our readers and friends from the industry for their trust and support to us, which has stood us in good stead in making VARINDIA and its 14th Anniversary issue a success. As before, we will live up to our commitment to bring timely valued contents from time to time.