What are IT-enabled services?
IT-enabled services are web-enabled services that cover the entire range of operations by using information technology for improving the efficiency of an organization. IT-enabled services help in improving the quality of services. IT-enabled services provide value addition in the form of-
- Customer Relationship Management Solutions
- Improved Database and outlook
which results in improved services and various indirect perks.
IT Enables services provides various career options in an organization like-
- Back office operations
- Logistics management
- Legal databases
- Human resources services
- Web services
- Call centre and payrolls
IT-enabled services minimize cost and improve services standards.
What areas and services are covered under IT-enabled services?
The areas covered under IT enables services are-
- Human resource
- Data warehousing
- Data entry and document processing
- Help desk services
- ERP (Enterprise resource planning)
- Application development
Composition of IT and IT enables services
The Composition of IT and IT-enabled services is quite difficult. Terms like IT, IT-enabled Service, IT Services, IT BPO are used interchangeably. The term IT (Information Technology) constitutes Hardware, software, communication technology, and related services. The composition of IT and IT-enabled services is analyzed as follows-
Services include Project-oriented services like IT consulting, system integration, and CADM (Customized application development and management). Further, it also includes IT Outsourcing (Infrastructure and Application Outsourcing) and Support and Training Services IT education, hardware support, and software testing).
ITES BPO includes provides various services like Customer care services, Human resource management, Finance, and Accounting/procurement. ITES BPO is enhancing the value chain which results in the requirement of high-end BPO services.
Software products and engineering services
Packages software and Organization application software.
Hardware system and networking equipment.
What are the opportunities that work behind India’s IT-enabled services?
India is a popular country in the world to externalize IT-enabled services. Indian IT-enabled service companies have set up over a thousand global delivery hubs in about 80 countries across the globe. The opportunities that work behind India’s IT-enabled services are-
Strong growing demand
In India expanding economy to move growth in local demand. Strong growing demand is because of newly emerging verticals like the retail sector, utilities, and healthcare.
Increased adoption of technology
Concentrated government initiatives have led to increased adoption of IT-enabled services. Further, the Indian government has also planned to lay down a large-scale optical fibre network connecting the whole country.
Policy support by the government
To develop the nation as a software product nation, the government of India has released the National Policy on Software Products 2019.
The IT firms of India have delivery centres across the globe and are well diversified across all verticals.
MeitY (Ministry of Electronics and Information technology) has launched the MeitY Start-up Hub in May 2019. Further, India has low-cost benefits than the US by being 5-6 times inexpensive.
India has proven its capabilities in delivering both on-shore and off-shore services globally. Emerging IT-enabled services now offer entirely new opportunities for top IT firms in India. The IT industry is expected to grow to US$ 350 billion by the year 2025.
Initiatives are taken by the government to promote the IT-enabled services and IT services
Various initiatives taken by the government to promote the IT-enabled services and IT services are-
- On May 2019, MeitY (the Ministry of Electronics, and Information Technology) has launched the MeitY Startup Hub portal.
- Government has released the National Policy on Software Products 2019 in February 2019 to develop India as a software product nation
- The Government has identified Information Technology as one of 12 champion service sectors for which an action plan is being developed.
- The Government has set up 5,000 crore fund for realizing the potential of these champion service sectors.
- As part of Union Budget 2018-19, NITI Aayoghas set up a national-level program to enable efforts in Artificial intelligence and leverage Artificial intelligence technology for developing the country.
- In the Interim Budget 2019-20, the Government announced plans to launch a national program on Artificial Intelligence and setting up of a National Artificial Intelligence portal.
Why international clients choose ITes provided by Indian companies?
India has maximized the opportunity that came out with the growth of ITES. Call centre outsourcing was a major reason many global clients chose India. Further, there are many other services which are now being outsourced to global clients-
Providing HR services
Indian companies have better HR services as compared to most of their international competitors. Candidates are chosen and retained based on their talent and the value that they bring to a project.
Following the QA Protocol
Indian companies ensure that while working on a project strict QA protocols are followed.
Managing good client relationships
It is extremely important to maintain a healthy relationship with the clients. In India, service providers appoint a project manager to ensure there is a single point of contact for their respective clients.
Updated Technology and Infrastructure
In India, Updated Technology and Infrastructure is available as compared to global competitors which lead to better overall project stability. Conclusively, cost-effectiveness is often considered as a major reason why India is considered a leader in IT-enabled services.
What are the issues faced while establishing the IT-enabled services?
IT-enabled services provide a wide range of IT processes and services. Where the growth prospect is vast for the IT sector, there are many implementation issues while establishing IT-enabled services. The issues are as follows-
- The Requirement of Huge capital investment
- High volume undertaking
- Time reversal
- Continuous business opportunity
- High interaction cost
- Absence of trained and authentic resources
- Absence of guide to start-ups.
Additionally, In India, the ITes industry has faced certain challenges which include-
Absence of Policies
For running any industry, proper business policies are required to be laid down. Businesses and the government must focus on trade policy reforms for the future of the ITes industry. The objective behind policymaking is to ensure that the markets are always open to expand business initiatives. Policymaking is required to ensure-
- Security of Consumer.
- Managing tax revenue loss for importing countries.
- Handling Intellectual property violations.
- Domestic job losses
Lack of security and Data Privacy
The major concern of every international client while working with Indian ITES providers was data security and privacy. In India, the absence of a data security policy has resulted in such a way that ITES providers have to comply with the US Health Insurance Portability and Accountability Act which as a consequence is raising their training costs.
Difficult for Smaller Companies to Market Themselves
Many smaller companies outlined that marketing themselves is the biggest issue they are facing while chasing clients. Mostly, all US clients prefer to work with the top BPO companies. In India, it is difficult for smaller companies to market themselves and get appropriate business policies.
How Enterslice provide ITes services?
Enterslice has a team of professional expertise to provide services to global clients and meeting their expectations. EntersliceIT and ITES services are handled by efficient teams who make the best use of resources to assist their clients. Enterslicehas a team of professionals having the necessary experience who provides innovative solutions to fulfil their client requirements. Enterslice offers a range of IT-enabled services like taxation and regulatory services, creative designing, and legal resource management services.
How Enterslice provide well-versed customer interaction services?
Customer Interaction services are value-added services. Enterslice is providing well-versed customer interaction services through CRM. Enterslice is also providing due diligence services, Corporate advisory services, and Internal and management audits. Enterslice has considerable experience in providing advisory, taxation and accounting services.