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ACKNOWLEDGEMENT
I have taken efforts in this TERM PAPER. However, it would not have been possible without the kind support and help of many individuals and organizations. I would like to extend my sincere thanks to all of them.
I am highly indebted to Mrs. SANGEETA DODRAJKA for their guidance and constant supervision as well as for providing necessary information regarding the project & also for their support in completing the project.
I would like to express my gratitude towards member of PGDIM for their kind co-operation and encouragement which helped me in completion of this project.
My thanks and appreciations also go to all other individuals in developing the term paper and people who have willingly helped me out with their abilities.
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EXECUTIVE SUMMARY
Information technology is playing an increasingly important role in the work and personal lives of citizens. Computers, communications, digital information, softwarethe constituents of the information ageare everywhere. Between those who search aggressively for opportunities to learn more about information technology and those who choose not to learn anything at all about information technology, there are many who recognize the potential value of information technology for their everyday lives and who realize that a better understanding of information technology will be helpful to them. This realization is based on several factors:
Information technology has entered our lives over a relatively brief period of time with little warning and essentially no formal educational preparation for most people. Many who currently use information technology have only a limited understanding of the tools they use and a (probably correct) belief that they are underutilizing them. Many citizens do not feel confident or in control when confronted by information technology and they would like to be more certain of themselves. There have been impressive claims for the potential benefits of information technology, and many would like to realize those benefits. There is concern on the part of some citizens that changes implied by information technology embody potential risks to social values, freedoms or economic interests, etc., obligating them to become informed.
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TABLE OF CONTENTS
TECHNOLOGY A DEFINITION INFORMATION TECHYNOLOGY IN BRIEF HISTORY OF INFORMATION TECHNOLOGY TECHNOLOGICAL CAPACITY AND GROWTH INDUSTRY SECTOR STANDARDS INFORMATION TECHNOLOGY OCCUPATIONS INFORMATION TECHNOLOGY INDUSTRY SECTOR STANDARDS SCOPE OF INFORMATION TECHNOLOGY CONTRIBUTION OF IT SECTOR IN GDP CHALLENGES AND POSITIVES DEPENDNCY ON THE US INDIAN IT FIRMS RUPEE APPRECIATION AND FII IT SEZS DIVERSIFICATION IN THE VERTICALS TELECOM AND 3G DOMESTIC MARKET WIPRO A CASE STUDY ACHIEVEMENTS OF WIPRO FINANCIALS WIPRO WITH THE SIX SIGMA WHAT IS SIX SIGMA EVOLUTION OF THE SIX SIGMA AT WIPRO PROBLEMS IN IMPLEMENTATION OF SIX SIGMA o BUILD THE CULTURE o PROJECT SELECTION o TRAINING o RESOURCES o PROJECT REVIEWS SIX SIGMA CONSULTANCIES AT WIPRO BENEFITS FROM SIX SIGMA FUTURE FOCUS AND CHALLENGES
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The information technology department of a large company would be responsible for storing information, protecting information, processing the information, transmitting the information as necessary, and later retrieving information as necessary.
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In the recent past, the Accreditation Board of Engineering and Technology and the Association for Computing Machinery have collaborated to form accreditation and curriculum standards for degrees in
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Information Technology as a distinct field of study as compared to Computer Science and Information Systems today. SIGITE (Special Interest Group for IT Education) is the ACM working group for defining these standards 2009.
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Further, the IT and BPO industries are poised to clock revenues worth US$ 64 billion by the end of fiscal year 2008, registering a growth of 33 per cent with exports expected to cross US$ 40 billion and the domestic market estimated to clock over US$ 23 billion, according to a study. Simultaneously, the Indian IT services market is estimated to remain the fastest growing in the Asia Pacific region with a CAGR of 18.6 per cent.
Indias IT growth in the world is primarily dominated by IT software and services such as Custom Application Development and Maintenance (CADM), System Integration, IT Consulting, Application Management, Infrastructure Management Services, Software testing, Service-oriented architecture and Web services.
The report, titled Indian IT Industry: Impacting the Economy and Society, further says that export earnings in 2007-08 will hit $40 billion, a growth of 36 per cent. Meanwhile, direct employment is
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expected to be 2 million in 2007-08, growing at a CAGR of 26 per cent in the last decade.
The report, while bringing forth the contribution of the IT/ITeS sector, points out that the industry has been the trigger for many 'firsts' and has contributed not only to unleashing the hitherto untapped entrepreneurial potential of the middle class but also taking Indian excellence to the global market.
In the wake of such competition can we still remain competitive? The answer is pretty much yes. We know that our assets are the talented pool of people who are not only competent technically but also linguistically better at English compared to the other competitors. Also the government support, labor pool, infrastructure, educational system, cost, political and economic environment, cultural compatibility, global and legal maturity, and data and intellectual property security and privacy give Indian IT companies and edge. But contradicting this is the Nasscom survey, which states that majority of the graduates coming out of the colleges today are unemployable. We need to introduce training programs in colleges to train the talent pool of students not only technically but also on soft skills. The training should also be imparted to the faculty to generate a better equipped talent force. These measures have already being taken by the IT companies, which also helps in reducing the training costs incurred by the IT companies after recruitment.
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Though it seems paradoxical but recession in the US is only going to make the Industries over there outsource more, primarily to reduce their costs by efficient application of IT, cheaper labor and cost effectiveness.
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IT SEZs: To
should take steps to develop IT Sezs. This will reduce the excess tax burden on these IT companies. Moreover STPI (Software Technology Parks of India) have already enabled the IT companies and new start ups to carry out the documentation and licensing and tax payment hassles through a single window system. Moreover the govt. should also relax norms for DTA (domestic Tariff Areas) to promote IT spending in the country itself at a lesser cost leading to development of the country.
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Capgemini, Europes largest consulting and computer services firm is gradually moving its internal support services to India.
After sourcing IT applications from some IT firms last year Wal-Mart will now expand its existing operations given Indias impressive IT capability to cover more firms and augment its work in the United States.
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Cisco posted
business in India.
business on the back of increased technology awareness and need for cost-effective customer servicing.
Yahoo! Inc and Tata Sons subsidiary firm Computational Research Laboratories (CRL) have entered into a joint agreement to make available-EKA, a
supercomputer (the fourth fastest) in the world for cloud computing research in India.
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Dell India witnessed 80 per cent sales over last year with revenues to
the tune of US$ 700 million.
ARM: Worlds leading chip designer firm is expanding its India design
centre to make it the largest outside Britain. IT biggies like Microsoft, IBM, Cisco, Oracle and a host of other IT entities are working overtime to tap the smaller and medium businesses.
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WIPRO
Wipro Technologies is a global services provider delivering technology-driven business solutions. Wipro is the No.1 provider of integrated business, technology and process solutions on a global delivery platform. Azim Premji is the Chairman of Wipro Technologies. He took over the mantle of leadership of Wipro at the age of 21 in 1966. Under his leadership, the fledgling US$ 2 million hydrogenated cooking fat company has grown to a US$1.76 billion IT Services organization serving customers across the globe. Wipro is presently ranked among the top 100 Technology companies in the world. It has 66,000+ employees, serves 592 clients, and has 46 development centres across globe. Wipro provides complete range of IT Services to the organization. The range of services extends from Enterprise Application Services (CRM, ERP, e-Procurement and SCM) to e-Business solutions. Wipro's enterprise solutions serve a host of industries such as Energy and Utilities, Finance, Telecom, and Media and Entertainment.
Company Tata Consultancy Services Ltd. Tata Consultancy Services Ltd. Wipro, Ltd. Wipro, Ltd. HCL Technologies Ltd. HCL Technologies Ltd.
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ACIEVEMENTS OF WIPRO
First Indian IT Service Provider to be awarded Gold-Level Status in Microsoft's Windows Embedded Partner Program. World's largest independent R&D Services Provider. World's 1st PCMM Level 5 software company. World's 1st IT Services Company to use Six Sigma. The first to get the BS15000 certification for its Global Command Centre. Among the top 3 offshore BPO service providers in the world. Only Indian company to be ranked among the 'Top 10 Global Outsourcing Providers' in the IAOP-Fortune Global 100 listings. First company in the world to be certified in BS 7799 (2002) security standards.
Statistic Market Capitalization P/E Ratio (ttm) PEG Ratio (ttm, 5 yr expected) Revenue Growth (Qtrly YoY) EPS Growth (Qtrly YoY) Long-Term Growth Rate (5 yr) Return on Equity (ttm) Long-Term Debt/Equity (mrq) Dividend Yield (annual)
Industry Leader TCS.NS AVV.L SREV NBS.AX SYKE ISS SPIN.PK N/A 2,780.63 17.51 621.00% 338.80% 38.00% 65.92%
MNDO
18.40%
N/A
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FINANCIALS
Wipro Limited saw a whooping growth in terms of its revenue which soared up by 450% from 2002 to 2007. In the quarter ended September 30, 2009, the IT Services business of Wipro Ltd. reported revenue of `49.96 billion with a growth rate of 5% YoY. It also recorded PBIT of ` 11.87 billion with a growth rate of 19% YoY. During the quarter, the operating income to the revenue was 23.8%. During the quarter, Wipro Ltd. also added 37 new clients to its list. Currently (as of September 30, 2009), Wipro has employee strength of 97,891.
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Training: After the set up, the first step of implementation was to build
a team of professionals and train them for various stages of Six sigma. The training was spread in five phases: Defining, measuring, analyzing, improving and controlling the process and lastly increasing customer satisfaction. These phases consisted of statistics, bench marking and design of experiments. To find the right kind of people and train them was a difficult job. This motivated Wipro to start their own consultancy to train the people.
Project Reviews:
As timely reviews play a very crucial role to judge the success of a project. Wipro had to develop a team of experts for this purpose. The task assigned was to see the timeliness, find out gap, week areas and to check the outcome as per the plan.
topics in business process management and information technology systems integration. The focus is on supporting the project needs and is also integrated with other methods to support process needs. Currently there are over 200 PMI certified consultants at Wipro. The Wipro quality consulting group trains in achieving the precision of Six Sigma with Wipros own methodologies, training capabilities and global experience. Wipro also helps in institutionalizing Six Sigma across the organization for transformation.9 Wipro provides consulting in institutionalizing an organization wide Six Sigma program that specializes in implementation across IT development, production support and core business operations Wipro offers the following Six Sigma consulting services (Exhibit 5):
Waste elimination and increased productivity up to 35%. Cost of failure avoidance (installation failures down from 4.5% to 1% in hardware business). Tangible cost savings due to lower application development cost for customer. Analysts remarked that Six Sigma was an indisputable success at Wipro whether in terms of customer satisfaction, improvement in internal performance, or in the improvement of shareowner value. The results of achieving Six Sigma are rapid and overwhelming at Wipro. Its unique methodology provides Six Sigma knowledge and skills to the client, enabling the client to create ownership, generate results and sustain success. The maturity of Wipros quality processes takes the benefits to another level, ensuring that the customers benefit from:
-40% lower total cost of ownership -30% higher productivity -time deliveries (93% projects completed on time)
The performance enhancement enabled the client to have an improved product with the overriding benefit that the end customer perception of the quality of the clients product is improved.
Six Sigma projects require continuous change. Black Belts and Green belts develop improvements to systems and processes for which they are not accountable. And when these participants are done with their project, they ask the real system or process owner to implement and sustain their solution and hence the challenge before Wipro lies in bringing the commitment towards continuing its process optimization theory. The Challenge will be to transform Six Sigma from a tool for improving product quality to an overall business improvement methodology. The companys aim will be at having 100% of its management trained in Six Sigma. To summarize, the quality system will continue to be based on incremental optimization, with rigorous implementation and sustenance of the same. The goal will be to make quality as the No.1 objective for all employees.
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BIBLIOGRAPHY
www.wikipedia.org www.google.com www.nap.edu.com www.nasscom.in www.iitk.ac.in www.itstartpage.com www.mit.gov.in www.ibef.org
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