Tag Archives: Decision Makers

Union Budget: Top Five IT Issues Upcoming Budget Needs To Address #Press #Media #ChannelTimes

The newly appointed Government in India has worked like a shot in the arm for country’s economy. A recent study by Assocham confirmed that this new wave of leadership in India is expected to double foreign investments to $60 billion. While it’s hard to miss the air of optimism in the country, longevity of this sentiment is contingent on the announcements in the Union Budget.

To gauge the market sentiment, Greyhound Research connected with over 30 senior IT Decision Makers. The outcome of these conversations was unanimous – the budget will either open a Pandora’s box or the government will take the courage to bite the silver bullet.

Here’s a list of 5 key problems Indian IT decision makers need solved from Union Budget 2014-15

Problem 1: Lack of clarity on multiple policies including the transition to GST and FDI in Retail.

This lack of clarity has paralyzed IT investments and decision making in many instances has stretched to over 4 quarters. This continues to plague orgs in BFSI, Retail, Manufacturing and multiple other verticals that have a high degree of dependence on such policies.

Sanchit Gogia

Problem 2: 12 percent service tax on broadband and mobile internet.

Growth plans to Tier-3 towns are contingent on broadband and mobile internet penetration. Key deterrent to higher penetration is the 12 per cent service tax which the government currently levies on internet, like other telecom services.

Problem 3: Absence of sufficient incentives for SMEs to invest in technology.

Despite the scale and the necessary volume (over 29mn orgs per latest MSME survey), orgs in this segment – particularly start-ups – do not have enough incentives from the government to invest in technology. The new government must provide support for budding entrepreneurs challenged by the lack of necessary support system, particularly IT systems.

Problem 4: Double taxation on software significantly increases TCO

The government levies multiple levels of taxes – sales tax/VAT, CVD/Excise Duty and service tax – on procurement of new software. This is a major deterrent for orgs in India to buy original software. Government must implement a simplified tax regime which clears this confusion. This is increasingly critical given the higher number of organizations now turning to Software-as-a-Service and leveraging public cloud to deliver applications.

Problem 5: Customers continue to feel scared to pay on both online and mobile platforms.

While weak cyber security laws are largely to be blamed for this lack of confidence, RBI regulations haven’t been sufficient as well. RBI must go beyond 3D-Secure and multi-factor authentication and build stricter policies to establish trust in e-commerce. Government must also work towards promoting mWallet services in India to encourage financial inclusion.

It’s clear that the industry expects the new government to take measures that will act as stimulus and not adopt populist measures that will do little to not change the status quo. Such decisions have traditionally suffered with lack of commitment from the previous government and the industry is now expecting this to change.

(The author is the Chief Analyst & CEO, Greyhound Research. The views expressed in this article are those of the author and do not represent the views of Channel Times or any of the websites managed or operated by Trivone Digital Services.)

Source: Channel Times

What IT Decision Makers Want From Union Budget 2014-15 #Press #Media #CXOToday

The newly appointed Government in India has worked like a shot in the arm for country’s economy. A recent study by ASSOCHAM confirmed that this new wave of leadership for India is expected to double foreign investments to $60 billion. While it’s hard to miss the air of optimism in the country, longevity of this sentiment is contingent on the announcements in the Union Budget.

To gauge the market sentiment, Greyhound Research connected with over 30 senior IT Decision Makers. The outcome of these conversations was unanimous – the budget will either open a pandora’s box or the government will take the courage to bite the silver bullet.

Problem #1 – Lack of clarity on multiple policies including the transition to GST and FDI in Retail.

 

Greyhound Standpoint – This lack of clarity has paralyzed IT investments and decision making in many instances has stretched to over 4 quarters. This continues to plague orgs in BFSI, Retail, Manufacturing and multiple other verticals that have a high degree of dependence on such policies.

Problem #2 – 12 per cent service tax on broadband and mobile internet.

Greyhound Standpoint – Growth plans to Tier-3 towns are contingent on broadband and mobile internet penetration. Key deterrent to higher penetration is the 12 per cent service tax which the government currently levies on internet, like other telecom services.

Problem #3 – Absence of sufficient incentives for SMEs to invest in technology.

Greyhound Standpoint – Despite the scale and the necessary volume (over 29mn orgs per latest MSME survey), orgs in this segment – particularly start-ups – do not have enough incentives from the government to invest in technology. The new government must provide support for budding entrepreneurs challenged by the lack of necessary support system, particularly IT systems.

Problem #4 – Double taxation on software significantly increases TCO.

Greyhound Standpoint – The government levies multiple levels of taxes – sales tax/VAT, CVD/Excise Duty and service tax – on procurement of new software. This is a major deterrent for orgs in India to buy original software. Government must implement a simplified tax regime which clears this confusion. This is increasingly critical given the higher number of organizations now turning to Software-as-a-Service and leveraging public cloud to deliver applications.

Problem #5 – Customers continue to feel scared to pay on both online and mobile platforms.

Greyhound Standpoint – While weak cyber security laws are largely to be blamed for this lack of confidence, RBI regulations haven’t been sufficient as well. RBI must go beyond 3D-Secure and multi-factor authentication and build stricter policies to establish trust in e-commerce. Government must also work towards promoting mWallet services in India to encourage financial inclusion.

It’s clear that the industry expects the new government to take measures that will act as stimulus and not adopt populist measures that will do little to change the status quo. Such decisions have traditionally suffered with lack of commitment from the previous government and the industry is now expecting this to change.

The author is the chief analyst and CEO of Greyhound Research, an independent IT & Telecom Research & Advisory firm. He is a recognised IT analyst, consultant and advisor who is known for his passion for emerging markets and technologies.

Source: CXOToday

5 problems Indian IT decision makers need solved from Union Budget 2014-15 #Press #Media #Firstpost

The newly appointed Government in India has worked like a shot in the arm for country’s economy. A recent study by ASSOCHAM confirmed that this new wave of leadership for India is expected to double foreign investments to $60 billion. While it’s hard to miss the air of optimism in the country, longevity of this sentiment is contingent on the announcements in the Union Budget.

To gauge the market sentiment, Greyhound Research connected with over 30 senior IT Decision Makers. The outcome of these conversations was unanimous – the budget will either open a pandora’s box or the government will take the courage to bite the silver bullet.

Problem #1 – Lack of clarity on multiple policies including the transition to GST and FDI in Retail.

 

Greyhound Standpoint – This lack of clarity has paralyzed IT investments and decision making in many instances has stretched to over 4 quarters. This continues to plague orgs in BFSI, Retail, Manufacturing and multiple other verticals that have a high degree of dependence on such policies.

Problem #2 – 12 per cent service tax on broadband and mobile internet.

Greyhound Standpoint – Growth plans to Tier-3 towns are contingent on broadband and mobile internet penetration. Key deterrent to higher penetration is the 12 per cent service tax which the government currently levies on internet, like other telecom services.

Problem #3 – Absence of sufficient incentives for SMEs to invest in technology.

Greyhound Standpoint – Despite the scale and the necessary volume (over 29mn orgs per latest MSME survey), orgs in this segment – particularly start-ups – do not have enough incentives from the government to invest in technology. The new government must provide support for budding entrepreneurs challenged by the lack of necessary support system, particularly IT systems.

Problem #4 – Double taxation on software significantly increases TCO.

Greyhound Standpoint – The government levies multiple levels of taxes – sales tax/VAT, CVD/Excise Duty and service tax – on procurement of new software. This is a major deterrent for orgs in India to buy original software. Government must implement a simplified tax regime which clears this confusion. This is increasingly critical given the higher number of organizations now turning to Software-as-a-Service and leveraging public cloud to deliver applications.

Problem #5 – Customers continue to feel scared to pay on both online and mobile platforms.

Greyhound Standpoint – While weak cyber security laws are largely to be blamed for this lack of confidence, RBI regulations haven’t been sufficient as well. RBI must go beyond 3D-Secure and multi-factor authentication and build stricter policies to establish trust in e-commerce. Government must also work towards promoting mWallet services in India to encourage financial inclusion.

It’s clear that the industry expects the new government to take measures that will act as stimulus and not adopt populist measures that will do little to change the status quo. Such decisions have traditionally suffered with lack of commitment from the previous government and the industry is now expecting this to change.

The author is the chief analyst and CEO of Greyhound Research, an independent IT & Telecom Research & Advisory firm. He is a recognised IT analyst, consultant and advisor who is known for his passion for emerging markets and technologies.

Source: Firstpost

Greyhound Research’s Pre- Budget expectations #Press #Media #Technuter

5 Problems Indian IT Decision Makers Need Solved from Union Budget 2014-15

Chief-Analyst-&-CEO-at-Greyhound-Research-Sanchit-Gogia
Sanchit-Gogia, Chief Analyst & CEO, Greyhound Research

The newly appointed Government in India has worked like a shot in the arm for country’s economy. A recent study by ASSOCHAM confirmed that this new wave of leadership for India is expected to double foreign investments to US$ 60 billion. While it’s hard to miss the air of optimism in the country, longevity of this sentiment is contingent on the announcements in the Union Budget.

To gauge the market sentiment, Greyhound Research connected with over 30 senior IT Decision Makers. The outcome of these conversations was unanimous – the budget will either open apandora’s box or the government will take the courage to bite the silver bullet.

Problem #1 – Lack of clarity on multiple policies including the transition to GST and FDI in Retail.

Greyhound Standpoint – This lack of clarity has paralyzed IT investments and decision making in many instances has stretched to over 4 quarters. This continues to plague orgs in BFSI, Retail, Manufacturing and multiple other verticals that have a high degree of dependence on such policies.

Problem #2 – 12 per cent service tax on broadband and mobile internet. 

Greyhound Standpoint – Growth plans to Tier-3 towns are contingent on broadband and mobile internet penetration. Key deterrent to higher penetration is the 12 per cent service tax which the government currently levies on internet, like other telecom services.

Problem #3 – Absence of sufficient incentives for SMEs to invest in technology.

Greyhound Standpoint – Despite the scale and the necessary volume (over 29mn orgs per latest MSME survey), orgs in this segment – particularly start-ups – do not have enough incentives from the government to invest in technology. The new government must provide support for budding entrepreneurs challenged by the lack of necessary support system, particularly IT systems.

Problem #4 – Double taxation on software significantly increases TCO.

Greyhound Standpoint – The government levies multiple levels of taxes – sales tax/VAT, CVD/Excise Duty and service tax – on procurement of new software. This is a major deterrent for orgs in India to buy original software. Government must implement a simplified tax regime which clears this confusion. This is increasingly critical given the higher number of organizations now turning to Software-as-a-Service and leveraging public cloud to deliver applications.

Problem #5 – Customers continue to feel scared to pay on both online and mobile platforms.

Greyhound Standpoint – While weak cyber security laws are largely to be blamed for this lack of confidence, RBI regulations haven’t been sufficient as well. RBI must go beyond 3D-Secure and multi-factor authentication and build stricter policies to establish trust in e-commerce. Government must also work towards promoting m-Wallet services in India to encourage financial inclusion. It’s clear that the industry expects the new government to take measures that will act as stimulus and not adopt populist measures that will do little to not change the status quo. Such decisions have traditionally suffered with lack of commitment from the previous government and the industry is now expecting this to change.

Source: Technuter

 

5 Problems Indian IT Decision Makers Need Solved from Union Budget 2014-15

The newly appointed Government in India has worked like a shot in the arm for country’s economy.  A recent study by ASSOCHAM confirmed that this new wave of leadership for India is expected to double foreign investments to US$ 60 billion. While it’s hard to miss the air of optimism in the country, longevity of this sentiment is contingent on the announcements in the Union Budget.

To gauge the market sentiment, Greyhound Research connected with over 30 senior IT Decision Makers. The outcome of these conversations was unanimous – the budget will either open a pandora’s box or the government will take the courage to bite the silver bullet.

Problem #1 – Lack of clarity on multiple policies including the transition to GST and FDI in Retail.

Greyhound Standpoint – This lack of clarity has paralyzed IT investments and decision making in many instances has stretched to over 4 quarters. This continues to plague orgs in BFSI, Retail, Manufacturing and multiple other verticals that have a high degree of dependence on such policies.

Problem #2 – 12 per cent service tax on broadband and mobile internet.

Greyhound Standpoint – Growth plans to Tier-3 towns are contingent on broadband and mobile internet penetration.  Key deterrent to higher penetration is the 12 per cent service tax which the government currently levies on internet, like other telecom services.

Problem #3 – Absence of sufficient incentives for SMEs to invest in technology.

Greyhound Standpoint – Despite the scale and the necessary volume (over 29mn orgs per latest MSME survey), orgs in this segment – particularly start-ups – do not have enough incentives from the government to invest in technology. The new government must provide support for budding entrepreneurs challenged by the lack of necessary support system, particularly IT systems.

Problem #4 – Double taxation on software significantly increases TCO.

Greyhound Standpoint – The government levies multiple levels of taxes – sales tax/VAT, CVD/Excise Duty and service tax – on procurement of new software. This is a major deterrent for orgs in India to buy original software. Government must implement a simplified tax regime which clears this confusion. This is increasingly critical given the higher number of organizations now turning to Software-as-a-Service and leveraging public cloud to deliver applications.

Problem #5 – Customers continue to feel scared to pay on both online and mobile platforms.

Greyhound Standpoint – While weak cyber security laws are largely to be blamed for this lack of confidence, RBI regulations haven’t been sufficient as well. RBI must go beyond 3D-Secure and multi-factor authentication and build stricter policies to establish trust in e-commerce. Government must also work towards promoting mWallet services in India to encourage financial inclusion.

It’s clear that the industry expects the new government to take measures that will act as stimulus and not adopt populist measures that will do little to change the status quo. Such decisions have traditionally suffered with lack of commitment from the previous government and the industry is now expecting this to change.

What are your expectations from the Union Budget this year? Do you think the Government will take a populist stand or introduce more effective policies?

Leave a comment and share with us your experience or send me an email on sgogia@greyhoundgroup.com

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Greyhound Research presents Achievers’ Club in association with Information Week #Event #INTEROP

Achivers club 750x250 (1)So, what are we doing this in the first place?

“Innovation is taking two things that already exist and putting them together in a new way.”

–Tom Freston

We exist in a world where true innovations are rare. Till date, the concept of doing something differently has either been dismissed completely or little encouragement has been given to those standing up for the cause. However, in recent times encouragement for innovators with ideas has been easier to find. We at Greyhound Research believe these people who think out of the box and create something new need to be recognized. Why? Because such people have the skill (and drive) to make an impact – in their organizations, society and lives.

The Achievers’ Club is an initiative by Greyhound Research in association with Information Week magazine to recognize such innovators who have truly gone out of their way to make an impact.

Who can enter the awards?

The admission into the club is exclusively open to IT Decision Makers only – please note, this does not include CIOs from large IT vendor firms. While we encourage IT vendors to submit nominations on behalf of their customers, Greyhound Research holds the discretion and right to accept this nomination. Vendors please note, we require you to produce enough documentary evidence that this submission has been done in consent with the customer.

What are the rewards for those who qualify?

  • All nominated for this club will be awarded one complimentary ticket to the Greyhound Emerging Markets Conclave event.
  • Those recognized for the Achievers’ Club will win a three-month subscription to Greyhound’s Research Library.

What is the process and criteria?

The judging process is comprised of two phases.

Phase 1 – Greyhound Research panel reviews applications to determine the finalists for the Achievers’ Club.

Phase 2 – The list of finalists is then reviewed by the Information Week management.

Winners are announced at the InterOp 2014 (Delhi).

Qualifying Criteria

Each qualifier would be given a rating on the scale of 1 to 10:

  • Business level
    • What was the initiative and did it benchmark to global standards?
    • How would you quantify the impact of the initiatives over last 2 quarters?
    • Who owns this initiative?
  • Technology Level
    • Did the CIO & team use a formal benchmarking process to shortlist vendors and benchmark offerings?
    • Range of solutions implemented
    • Speed of implementation
  • People Qualifiers
    • How widely is the technology used in the organization?
    • Did the IT team conduct a pilot with chosen group prior to launch?
    • Does the organization measure user experience and satisfaction on an on-going basis?

How can you apply?

Please reach out to Manav Juneja on connect@greyhoundgroup.com and we will revert with a detailed nomination form for you to fill out. Please note, the last date to receive this is July 11, 2014.

Points to Remember:

  • Please note, only one application per company (End-User organization) is allowed.
  • Vendors and PR firms may feel free to submit an application on behalf of their clients. However, we will need sufficient documentary evidence to prove this has been done with the client’s consent and need all their contact details.
  • Please remember, we are looking for real innovators and achievers who have not just thought out-of-the-box, but put it in practice for a tangible outcome.
  • As an organization, we honour Non-Disclosure Agreements but since this is a platform for one-and-all, we encourage you to not share any information that you believe should not be shared with the public in general.