Niche technologies, smaller IT companies will make a big splash: Romal Shetty, Deloitte India
Romal Shetty, CEO, Deloitte India, says “major companies have to move fast because some disruptions can be quite serious. In this round of development a lot more smaller companies make a big splash. Some key niche technologies will be able to make that big impact and some of the ones that we saw 10 years back now will get to $1 billion,$2 billion much faster than probably 10-20 years back and we see some of those real gems coming out of India.”
Coming to the IT sector, will the bigger companies become bigger or will there be serious challenges for them? Will AI change the pecking order?
Some of the major companies that we actually have are fairly well run professionally well run, so they will continue to remain but the important thing for them is to be how agile and flexible they are and how fast they can move because some disruptions can be quite serious. But I think in this round of development you will see a lot more smaller companies make a big splash.
You will see some key niche technologies for example able to make that big impact and you will see some of the ones that you saw 10 years back now but in a much faster way get to $1 billion,$2 billion much faster than probably 10-20 years back and we see some of those real gems coming out of India.
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The tech world is dominated by big tech or famous four including Microsoft and Google. Is it going to be the pecking order everywhere that the large companies will be the dominant ones?
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