The final session of the EmergeOut Conclave was Valedictory session . The speaker for the session was Mr.Phaneesh Murthy, CEO of iGate and who needs no further introduction. Mr. Gowri Shankar Subramaniam , CEO of Aspire systems was the chairperson.

Mr Gowri spoke about the gloom which existed today punctuated with statistics and opened the stage for Phaneesh to take over.

Phaneesh felt that the black swan has landed on the US companies. The worst is yet to come and the economic recovery would not happen in the rear future, said the speaker. Given this scenario, the speaker felt that companies need to do the following 3 things:

1. New models of doing business and delivery models is to be explored and tried. The clients are on the look out for reducing fixed costs and the IT firms need to be cognizant of this. The speaker explained about Outcome based pricing which his firm has adopted post downturn.
2. The venture capitalist funding for small and medium enterprises would not come easily. The costs incurred would be scanned thoroughly and costs needs to be justified. There is absolutely no room for inefficiency.
3. Focus on Customers and the markets you serve.

Though the economy doesn’t look promising, Phaneesh believes that there are lots of opportunities for IT companies and that they are lying unexplored. He felt that attaining efficiency was never a point of contention and hopes that it would be considered from now on. With these remarks he concluded his talk.

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