This is not the actual reseasin for IT sector slow down. Clients have understood the way these IT sector make money in india. They pay very less to their employees. Eg clients pays 100 dollar per employees, out of this IT companies pay 20 dollar to employees and makes 80 dollar profit. Now these clients are opening their own captive centre and paying 40 dollar per employees here they are saving 60 dollar.. many of companies have opened their own centres in Hyderabad, Bangalore, Gurgaon.
@Nakamura7338 if govt has tp boost employment then they have to make tech park subsidized and collect income tax from employee that way a cluntry will grow
Just a quick suggestion, Pavan. Whenever you give examples of Indian IT, 90% of the time you don't mention HCL's name. However, every time you do mention a name, it's always Wipro along with TCS and Infosys. HCL outperforms Wipro in almost all parameters, so please do mention HCL's name if not Wipro's."
Majorly most of the clients have reduced spending of IT. Hence they have cut down the unwanted positions in the projects. Along with that project pipelines are less. Clients are building their IT in India to build their own IT team. These are hitting majorly all the companies with revenues & margins !!
Yes forecast looks bleak. We got below average hike this year but getting a hike kind of ensured that company is still doing well and jobs will continue. Difficult times, only wait and watch 🎉
@@ksk8080-d6d Because everyone don't like to be a leech like IT company owners. What will Narayan Murthy do after 2025 when western clients will stop accepting Indian IT services due to dedollarization?
@@PhoenixRisingFromAshes471 Then only employees will get hike & VP(Variable Pay). Company will have to explain the shareholders why Attrition rised & what steps as a management you are taking.
I learned cloud and machine learning from govt msme organisation in 2017.TCS has built their learning portal but quite not effective. Employee cannot learn anything because they need time. It companies not willing to give time so spent Saturday and Sunday to learn. Not effective.i learnt entirely from my customer. Find a project and learn from them. I used to learn from customer and used to prove them wrong . Once a customer realised that called me dubious character
In India it companies pay very less to an employee..TCS Capgemini Accenture Wipro cognizant all market share ... government should look into it and company owner should have a big ❤️ heart
No one can run behind AI in the current market. Does any llm deployed in cloud will protect meta data. To implement llm the cost is very high for memory and cpu utilisation for container. So please don't compare current financial year revenue with AI investment.
Did I speak ANYTHING that Accenture didn't share. Everything is from there quarterly results ONLY! 1) Isn't this is the Accenture result? 2) And aren't they acquiring companies? 3) Don't they represent the market? 4) Did I say anything COMPLETELY different. Let me know. There is a difference between spreading negativity and sharing reality. And in reality - you have both positive and negative. You need to accept both!
If accenture Europe revenue reduced means other companies are doing great. Accenture revenue is not directly proportional to other companies revenue. Accenture loosing business and Clients are getting attracted by other companies.
I want to make a point here, please share your opinion on this AI will reduce number of jobs Ex.20 people are sufficient to do 100 people work,so 80 people will lose job so their spending capacity decreases, indirectly businesses will be in loss. So this is a cycle which itself is going to repeat in an unclear way. In long run AI will do more harm than good. At the same time I accept AI in some places but not at all places.
The world is more concerned about productivity. That is can we produce more with the same set of resources /input costs. In that scenario - rich will become richer
Have a different though process. If the job role or skillset is repetitive in nature an AI or Robotics can do the same job faster and better than any human can. Capitalism in short prevails in here. Question may arise, what jobs are safe... based in historical data, it may be product or service redevelopment jobs and any jobs that offers a better human experience. Until AGI also has Emotional Intelligence. This gives rise to a question, while a human works and a byproduct of it is salary / pay ...that is been taxed. Will AI and Robotics also see a similar tax structure as time progresses?
GenAi is still overhyped. No body knows what it is. All are googling and finding some meaning on internet and chat gpt. Sharing knowledge in the name of GenAi will replace this, that.. " just sell Fear and Hope" in social media. Views will be more 🤣🤣
@@saradaprasannbarik9764 Nothing can replace human brains. You still have many jobs existing even today that were supposed to go extinct due to internet. IMO , AI will generate more jobs than reduce them.
I got task mail and asked me upload pan card after uploading they asked me to re-upload it because the photo was not clear and reapplyed for my pan and they have applied my name incorrect like my name first and then my surname which is not the legal name i have given to the accenture will this issue is considered
After there was no news of Infosys in the donors names list, I sold most of my quantities of Infosys shares. Cuz it'll fall more. The majority will come out in the Pmcares fund list which will be revealed soon. Major businesses and politics go hand in hand. Afterall Infosys co founder has been made a nominated MP in Rajyasabha by BJP around a fortnight ago 😂🙏🏼
The entire market is manipulated to play with numbers not many have the brains to see through it; the global stability is also at the brink there are two impending wars in the Asian subcontinent so be prepared for it than cribbing
Those having degree and experience in non IT should stick to non IT . In IT industry presently there are no opening for freshers, and for those who have no IT degree.
Very valid point you have raised These Non IT people why they are coming to IT I really dont understand, when HR sends me resumes of Non IT engineers i simply reject to interview them
@@sauravroy5391I (Civil Engineer) taught my friend (CSE Engineer) all M1, M2, M3 and I use to always excel in studies during our first year. He always came to me for help and I helped him in his studies. During placements. He got placed with 6 LPA package and I got placed with 1.44 LPA package. This is the situation of Non-IT branch. They don't need skilled people they are ready to hire even average people out there so they pay so less that even blue collar jobs will have more income than these Non IT engineers working in core. This situation made me realize that in order to survive and get respected for my talent I have to switch to an IT company. Now I am in IT company and I am very happy with my decision. And also not to mention I'm earning more than my professor who cracked GATE 4 times.
LLMs are not reliable and require a lot of correction through retraining so basically the training is a never ending process. Try asking chatGPT to decode base64 values of some 5 lines of text containing a variety of words and you will know no matter how many original and base64 values you train an LLM it will never produce a decoded values 100% accurately. So for things like this and many other LLM action or response will always need a human to validate. Commenting this again since my last one got deleted.
Arey bhai. 1) Isn't this is the Accenture result? 2) And aren't they acquiring companies? 3) Don't they represent the market? 4) Did I say anything COMPLETELY different and out of context? Let me know and then share. I just shared the facts here.
@@Pavansathiraju that is fine sir I'm not blaming that you are faking the information it's a scariness you are spreading about AI and IT job market from past few days. You got subscribers who may be freshers, job seekers or laid off employees. What is the message you are giving them ? They are already in trauma and your videos are working as a cherry on the top. please do make videos on how to improve the skills or how to sustain on the Job market. And Sorry if I made any wrong statement.
@@ashishsolanki86 Is there any other choice for Indian people, our government only takes money as tax but doesn't give any unemployment benefits, what to do
After Artificial intelligence being applied in all areas there will be less demand for software engineers in India. All these services provider companies like cognizant, Wipro will have less business in next 3 to 4 years. Is software engineering a good career anymore?
Very informative pavan great job 👏🏻 Can you suggest some of your fellow youtube channel that talks about markets elections, seed funding, venture capitalism
Blame ARTIFICIAL INTELLIGENCE....this will cause HUGE unemployment. Greedy CEO'S wants to adapt AI everywhere ..... Start cursing on those intelligent MF working on AI projects.
