50% of SL IT companies develop software : top industry leader
View(s):Some 50 per cent of IT companies in Sri Lanka develop software products. This is a “stark contrast” to India, where about 80 per cent of IT companies are engaged in outsourcing, revealed Mano Sekaram, the Chief Executive of local IT company 99X Technology, referring to a recent A.T Kearney’s report.
Speaking at the recently concluded Software Product Engineering Conference (SPEC) 2013, of which 99X Technology was the principal sponsor, Mr. Sekaram also added that “Sri Lanka has a passion to build software with its vast amount of knowledge and skills among ourselves. We experience many startups every year which is incredibly impressive. We have a belief that any well run value-centric company can contribute to the industry in many tangible ways. Business is always not about money, it’s more about creating value for our stakeholders. If we as a company want to do well, we also want the industry to prosper amongst partners, investors, faculties and universities”.
According to a statement, SPEC 2013 highlighted five areas that needed to be “thoroughly strategised for any techie startup or giants looking forward to move into providing world class software product engineering. These were road-mapping, complex software, investment strategy, API’s and partners, and aligning and shaping the overall business strategy”.
The event also showcased technical topics such as “lean requirement management, how to accelerate growth with cloud technology, overview to how product architecting is a specialised niche, the importance of making quality visible in product engineering, the mobility needs of modern enterprise products, and why the practice of automation is a priority for productivity enhancement”.
Further, it was also revealed that “export revenues from the IT-BPO sector were growing by 22 per cent yearly recording US$500 million, an increase from $436 million, $355 million, $82 million in 2012, 2011 and 2005, respectively, resulting in the fifth largest export-earning sector creating over 60,000 employment opportunities, with over 180,000 indirect employment”.
(JH)
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