KGI News                                 

2011-04-30 .
Millions of applications are not used: Application Landscape Report.
Capgemini India, one of the foremost providers of consulting, technology and outsourcing services has released its first annual Application Landscape Report conducted with HP . This report collates CIO comments from nearly 100 companies across U.S., Benelux, France, Germany, Spain and the UK which reveals that millions of applications within European and American businesses are obsolete and no longer deliver full business value.
2011-04-30 .
IT-ITeS sector to add about 2.5 lakh people this year: Nasscom.
NEW DELHI: Driven by steady recovery in demand for technology services, the Indian IT industry is expected to hire about 2.5 lakh people during this fiscal, software representative body Nasscom today said. "The top four players are expected to hire more than 1 lakh people this fiscal. The industry on a whole should add about quarter of a million people in this fiscal," Nasscom President Som Mittal told reporters here.
2011-04-30 .
India’s IT market to reach $24 billion by 2011.
Indian firms are increasing their IT budgets an average of 13 percent this year, far more than the global average of 3.3 percent, research company Gartner said Wednesday. The country's domestic IT market is also forecast to grow at a five-year compound annual growth rate (CAGR) of 20.3 percent, reaching $24.3 billion by 2011. While there are fears of a global recession, India is showing rapid growth, said Peter Sondergaard, global head of research at Gartner, in a conference call. The increased spending by Indian CIOs is directed primarily towards building new business capabilities, with 30 percent of IT spending allocated to business growth and 19 percent to business transformation, Gartner said. Indian enterprises will make heavy investments in bringing the base infrastructure up to global standards, said Partha Iyengar, Gartner's head of research in India. A key problem for Indian CIOs is attracting and retaining quality staff, as they are competing with Indian and multinational IT services companies, Iyengar said. India's IT services market is forecast to grow to $10.73 billion by 2011 at a five-year CAGR of 23.2 percent, propelled by Indian companies that are outsourcing some of their work to other Indian and multinational companies due to staff shortages, Gartner said in January.
2011-04-30 .
Sony faces lawsuit over PlayStation hack.
Bangalore: Sony is having a tough time, since the Sony PlayStation's server went down and it was reported that a hacker broke into the server and accessed 77 million users information. The data includes credit card information, e-mail addresses, user names and passwords. Now the users of PlayStation filed a lawsuit against Sony alleging that the company's security was poor and the company failed to encrypt personal information.