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The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

December - 2010 - issue > CEO Spot Light

Believe in your 'Idea'

Ram Yeleswarapu
Friday, December 3, 2010
Ram Yeleswarapu
Both Life Sciences and Supply Chain Management are increasingly witnessing an enormous change in the global markets. Driven by increased globalization, macro economic factors, regulatory mandates, and huge strides in technology and the emergence of new business models, both of these domains are rife with opportunities.

Now when the economies are gradually recovering, Life Sciences are witnessing a lot of emerging trends such as increased emphasis on regulatory compliance and standards, adoption of electronic data interchange standards and supporting technologies to help facilitate quicker approvals, heightened quality standards, emphasis on focus on research of new technologies for the medium- to long-term, realignment of budgets towards data integration and mining efforts with an eye towards maximizing revenue opportunities, consolidation of vendors with a focus towards best of breed vendors for specialized outsourcing, and increased outsourcing of tasks which were earlier performed in-house like - project management, vendor management, quality assurance.

Similarly, Supply Chain industry(SCM) is witnessing a transformation. Now, the focus of SCM has shifted from improving internal functional processes to coordinating various activities across a dynamic network of trading partners leveraging effective technologies and best practices.
In the coming years, we believe it is ‘SaaS’ which is gradually bringing in the transformation and is surely going to be new mantra of success. The current market scenario reveals that the SaaS market globally is poised for continued strong growth, with the availability of a plethora of SaaS applications and related services. Given the pent-up demand for SaaS applications amongst enterprises, the momentum generated by vendor activity, participation by telecom companies as partners, and the hype around cloud computing, SaaS will proliferate quickly in the coming years.
The last decade has seen huge investments into IT but with limited success for many customers. With varied degrees of process maturity, talent availability and the lack of the right IT systems customers have grappled with getting the required results.

SaaS and business transformation solutions are getting the attention because of the promise of result oriented solutions approach. The IT vendors are building domain capability to not only provide business process improvements, implementation and integration but also in running the operations and providing customers with results.

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