| In
the longer term, retailers will look to weed out the non-value adding
activities and will replace them with efficient systems and procedures |
Major Technologies: The main concepts on which a CIO of a
retail organization is focusing upon are supply chain management, inventory
management, customer relationship management, stores management, RFID, portals,
bar-coding, and security.
Utilities and Energy
The utilities and energy sector is complex and changing rapidly as companies
pursue newer models of value creation. Some strategies fiercely reinforce the
traditional integrated utility strength of owning production, distribution, and
customers. Others seek competitive advantage (or have it thrust upon them by
regulators) by concentrating on particular parts of the energy chain.
Opportunities: India is the fifth largest producer and
consumer of electricity in the world equaling the capacities of the UK and
France combined. Indias power system today, with its extensive regional grids
maturing in to an integrated national grid, has more than 6.3 mn circuit km of
transmission and distribution lines criss-crossing the diverse topography of the
country.
Oil and gas companies have not had very large R&D budgets in
comparison to other companies in India. Their research expenditure hovers around
1-2% of their total sales. Yet historically, technology research is paying off
well and has provided the oil industry the necessary technologies to find and
produce oil efficiently.
Challenges: In the changing market conditions, utility
companies are also contending with changing regulatory requirements involving
environmental, governance, and reporting issues. The competitive environment is
also changing, with major national companies seeking greater participation in
the global marketplace. Mergers and acquisitions are likely to increase as
companies with large cash balances look for expansion into new markets.
The achievements of Indias power sector growth appear
lackadaisical in the face of huge gaps in supply and demand on one side and an
antediluvian generation and distribution system on the verge of collapse having
plagued by inefficiencies and mismanagement, on the other. The need of the hour
is to institutionalize the changes and bring about sustainable and pervasive
improvements.
IT Prospects: Several large companies have tapped the
technologies developed by computer hardware and software companies and
geophysical contractors to improve development and production efficiencies.
Information technology in reservoir management is leading to enhanced recovery.
EOR technology is also contributing in enhancing ultimate recovery. 4D seismic
is increasingly being used for reservoir monitoring and is finding application
in large producing fields of India for optimizing exploration. System
upgradation of production processes and hardware development in production
related operations are the key focus areas for companies in this sector.
Major Technologies: The major markets in the vertical are
going to be services, software, and networking equipments. The key concepts in
the power sector are going to be online meter reading (increased use of PDAs),
power scheduling, storage, and security requirements. The key concepts in the
oil and gas sector are going to be ERP, supply chain management, customer
relationship management, and increased usage of RFID.
Healthcare
The healthcare industry in India has come a long way from the days when
those who could afford it had to travel abroad. Today patients from neighboring
countries are flocking to India for specialized treatment. In India, healthcare
is delivered through both the public and private sectors. The public healthcare
system consists of healthcare facilities run by the central and state
governments, which provide services free of cost or at subsidized rates to
low-income groups in the rural and urban areas. The Indian healthcare sector,
structured on three tiers (primary, secondary, and tertiary), is characterized
by the presence of several disparate systems of healthcare delivery such as
government, charity, missionary, and corporate hospitals and numerous clinics.
Opportunities: The prevailing mood of economic confidence is
likely to be reflected in the Indian healthcare sector also.
Expansion: This seems to be the buzzword in the industry,
mainly to grab opportunities arising from the high domestic growth and growth in
medical tourism. Corporate organizations are embarking on either horizontal
expansion or vertical expansion to become integrated healthcare providers.
Outreach: Extensive client outreach programs are also being
undertaken, such as holding free medical camps, community outreach programs, and
tie-ups with corporate accounts to provide healthcare services to their
employees.
Medical Tourism: Healthcare providers, especially tertiary
healthcare centers, are tying up with renowned hospitals overseas and
international airlines to bring more medical tourism into the country. They are
also trying to get accreditation from international hospital rating agencies to
set up their credential in the international market.
| There are
immense opportunities for vendors in medical informatics segment like
telemedicine, PACS, tele-consultancy, and e-prescribing |
Challenges: In India more than 50% of the total health
expenditure comes from individuals as against a state level contribution of 30%.
The government funds allocated to the healthcare sector have always been low in
relation to the population of the country. Healthcare facilities run by
charitable organizations also provide services free or at a low cost. More than
half a million doctors are employed in less than 15,000 hospitals. Additionally,
there are around 0.75 mn nurses, who look after more than 875,000 hospital beds.
IT Prospects: Healthcare, an information intensive sector,
is one of the key areas that is benefiting from the use of information
technology. IT plays a very significant role in synergizing stakeholders towards
a common goal. Information technology is playing a larger role in addressing key
issues that have been a concern for the healthcare industry for many decades,
such as the simplification of administrative processes, strengthening
population-based healthcare systems, and the delivery of healthcare services to
the under-privileged sections of the society in a cost-effective manner.
Being late adopters of information technology, the healthcare
providers investment is more towards setting up basic infrastructure, like
putting administrative modules in place, followed by patient data informatics to
provide timely and convenient services to patients. This trend throws immense
opportunities for vendors in medical informatics segment like telemedicine,
PACS, tele-consultancy, and e-prescribing. Healthcare providers still have to go
a long way to achieve international standards of healthcare services.
Major Technologies: The key IT markets in the sector are
software, services, and PCs. The major drivers for the expenditure are PDAs for
nurses, picture archival systems, storage, integration, RFID, computer-based
patient records, e-prescribing, and hospital management and information systems.
An IDC India report
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