Industry Overview of NASSCOM
About NASSCOM
The National Association of Software and Service Companies ( NASSCOM ) is official chamber body for software joined in 1998. Established in 1988, NASSCOM currently has more than 3,000 members that control about 90% of the industry’s sales. Clients in vary from small pioneering startups organizations to big multinational companies across ITeS, BPM, Product Development and Software Services.
You can also visit to the official website to know more about NASSCOM.
However, the principal objective of NASSCOM is to further enhance the growth of technology-anchored invention and to be a compass to take India to becoming the global hub of the digital economy.
Key Objectives of NASSCOM
This is achieved by allowing industry development by supporting NASSCOM where establishment of the innovation system is a priority. Its directives include:
1.Creating a Thriving Technology Sector: Industry development and market competitiveness enhancement of Application services, IT, and BPM sectors of India.
Policy Advocacy: Working closely with policymakers to both draft the appropriate standards and rules that would ensure technology businesses realize a suitable environment.
Skill Development: Pursuing the goals towards CS talent development, engaging pro and student communities, building the digital workforce of the future.
2.Encouraging Startups: Providing consultancy in matters related to career and growth, financial support, and besten for the young Indian startups to grow.
Building Global Alliances: Assisting Indian Tech companies to grow big and have a healthy relationship with their counterparts in other countries.
Contributions to the Industry
NASSCOM had always actively contributed towards building the technology pool of India. Some of its contributions include:
1.Employment and Economic Growth: There are hundreds of millions of jobs for the workforce, and IT-BPM industry regulated by NASSCOM make a huge percentage to Indian GDP.
2.Digital Transformation: Thus, through dissemination of next-generation technologies like artificial intelligence (AI), block chain, internet of things (IOT), etc; NASSCOM enables enterprises to embrace the digital environment.
3.Research & Insights: NASSCOM gives key reports, understanding of the dynamics of the development, and prognoses which help firms make sensible strategic plans.
Diversity and Inclusion: Some of the Human Resource Development programs supported by NASSCOM focus on Equal Opportunities for Women and Marginalized Persons in Workplace.
The Impacts and Trends of the Organization: NASSCOM
The IT and BPM industries under NASSCOM have strong and transformational growth experiences that are sustainable based on current trends. These trends include:
1.AI and Machine Learning Adoption: Business with AI integration is rapidly gaining popularity, as auto intelligence experiences continuous demand in several verticals.
Remote Work and Digital Infrastructure: NASSCOM has been instrumental in the journey towards the transition to the new hybrid working models where IT supports the scale up of new ways of working.
2.Startups and Product Innovation: The continuous growth story of India as a startup destination is supported by novel funding and incubation support from NASSCOM efforts.
Green Technology: Sustainability is inherent to future tech solutions, with equal emphasis on voluntary campaigns for environmentally friendly processes to be supported by members of NASSCOM.
3.Global Expansion: The IT companies situated within India are gradually increasing their service as well as sales from the overseas market.