Birth of Information Technology and its Market Trends.
Its been a known fact that around 15-20 years back, the most common professions were Doctor, Lawyer or Engineer. Every Movie you see of those times you will be strongly reminded of this fact. Every Parent in India wanted their kid to be one of the above professional. And then with changing times the society changed and so did the professions.
Around 8-10 years back there again came a change in profession patterns and Engineering became the highest pursued career. The Engineer stream which had basic streams like Civil, Electrical, Mechanical saw flooding of other sub streams. And hence India had ushered into a the new Era of educational revolution. And Boom came Information Technology & Computers. Mumbai University Also included this things in this courses. These 2 streams reached the top positions in a short span and every Indian wanted their kid to be a computer geek. With this new changed educational reforms there was a need for new type of courses and hence the term Professional Courses was minted. BSc-IT and BSc-CS in degree courses and BE computers, IT and much more came to focus
Why and what was the need for this sudden change in Educational trends in India. Why Information Technology came to forefront and why does current changes in Market have the deepest impact on only the IT industry????? These questions always bothered me a lot. The saddest thing for me is that when I completed my BSc-IT, the Indian market was at its very low. The Economy in US was not stable and IT faced its wrath. And Now when i am about to complete my MCA the market is turning the same way. There has to be a reason for this. My analysis of situations brought me to this conclusions.
Its been a known fact that around 15-20 years back, the most common professions were Doctor, Lawyer or Engineer. Every Movie you see of those times you will be strongly reminded of this fact. Every Parent in India wanted their kid to be one of the above professional. And then with changing times the society changed and so did the professions.
Around 8-10 years back there again came a change in profession patterns and Engineering became the highest pursued career. The Engineer stream which had basic streams like Civil, Electrical, Mechanical saw flooding of other sub streams. And hence India had ushered into a the new Era of educational revolution. And Boom came Information Technology & Computers. Mumbai University Also included this things in this courses. These 2 streams reached the top positions in a short span and every Indian wanted their kid to be a computer geek. With this new changed educational reforms there was a need for new type of courses and hence the term Professional Courses was minted. BSc-IT and BSc-CS in degree courses and BE computers, IT and much more came to focus
Why and what was the need for this sudden change in Educational trends in India. Why Information Technology came to forefront and why does current changes in Market have the deepest impact on only the IT industry????? These questions always bothered me a lot. The saddest thing for me is that when I completed my BSc-IT, the Indian market was at its very low. The Economy in US was not stable and IT faced its wrath. And Now when i am about to complete my MCA the market is turning the same way. There has to be a reason for this. My analysis of situations brought me to this conclusions.
- IT market is nothing but a Supporting tool for the real world. IT industries directly don't come in the producer consumer circle but they really influence this circle a lot. IT as it is called or Information Technology is processing of raw data into information. Raw data in forms of Surveys and processed information in form of market trend analysis. Consider the simple case of your daily grocery store. Now that store is indeed working very fine without computers. All registers and account balance is maintained by the employees. Now computer makes a grand entry and this same task of register maintenance ( now called as Database or DB) is done by computers. Bill generation, Report Generation, calculations are done by the humble computer. And hence exactly this need led to the growth of IT.
- IT helped Industrial Revolution and vice-versa. Cross culture business, spreading of MNC's is very much dependent on IT itself. The graph of Industrial growth takes a nice steep rise coz of IT only. But mind you IT is not business, but a tool or catalyst to help other business grow.
- You may wonder then what are IT companies famous for and what is there main source of income. The main customers for this industries are the producers in the producer consumer cycle. IT industries will always remain as the support staff for this main businesses.
- Now this IT support and Software is basically the support and maintenance for the company, whenever there is a slack in the market, the main source to stop over flow of money is to stop this support activities. In every slack period within the market, any company or for that matter you will always chuck the enhancement and will concentrate on the core activities. Example of this could be:- You giving your house a fresh coat of paint so that it looks nice. But now your low on finance and has a leakage in walls, then of-course you will divert your focus on waterproofing rather then painting the wall.
- Also many companies built websites and software for different company and organisations and once a threshold or the market turns dry due to competition or finance then who will face the market crisis??? Yes you guessed it right , It will be IT industry for sure.
I got many more points to write on but then "Does it matter anyway???" Coz this are my thoughts and how much head I bang no one is gonna hear them. I may be totally wrong in this as I may be perceiving the situation and problems in my own world. Just wrote this to help the new entrants and new comers of the Industry are aware of this situations.
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