Social media, cloud computing hold promise for Indian IT in 2013

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Here is an interesting peep into 2013 by FirstPost
IT companies seem to be ready for this new “normal” and are now embracing technologies like social media, cloud, analytics and mobility (SCAM) to optimise and ensure efficiency in business environment, all within flat or lower than usual IT budgets.
While the global macroeconomic scenario remains uncertain in the coming years, the industry will continue to exhibit resilience and adaptability in continually reinventing itself to retain its appeal to clients, Nasscom said.
                                                        Social Media and cloud computing 
“The year 2012 has been a landmark year for the Indian IT industry… At such a large base, we expect the industry to clock double digit growth in FY 2013 which exhibits that despite global uncertainties, IT-BPM industry has moved from efficiency to effectiveness,” it added in an emailed response.
2012 was a mixed one for the top five IT services firms. While Tata Consultancy Services (TCS), HCL Technologies and Cognizant saw good growth, Infosys and Wipro lagged peers. TCS and HCL Technologies have registered quarterly revenue growth 13 percent and 17 percent in dollar terms, while both Infosys and Wipro registered under 5 percent growth.