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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
As a client, General Electric was one of the key drivers of India’s IT outsourcing boom. Can Apple do the same now for an industry struggling with growth?
Editor's note: Before taking over as CEO of Apple Inc. in 2011, Tim Cook’s claim to fame within the company was his overhaul of its supply chain operations. Cook arrived at the firm in 1998 with “a mandate to clean up the atrocious state of Apple's manufacturing, distribution, and supply apparatus”, Fortune magazine reported. He tightened supply, shuttered factories and focused on Chinese and Taiwanese outsourcers. Today, the Cupertino-based company relies on an intricate network of thousands of third-party suppliers and contract manufacturers around the world, including Foxconn Technology Group and Quanta Computer Inc. Apple spends tens of billions of dollars every year with these companies to bring out some of its best-selling products, from iPhones to MacBooks, and the extent of its outsourcing and global supply chain is well documented. Less attention, however, has been paid to how much Apple spends on outsourcing software services—especially with Indian IT services companies. Till now, there has been no figure reported on Apple’s IT spend. Based on information gathered from nine current and four former industry executives, we estimate that Indian IT services companies …
The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
As the private lender reeled from serial scandals, Hinduja insisted he was merely a shareholder. Board-level links, conflicts of interest and regulatory blind spots suggest otherwise.
The recent layoffs at TCS have drawn attention to the chances of AI disruption in the industry. While AI is not yet directly causing staffing changes, it is definitely shaping them.
