It's claimed the recession has forced Indian IT companies to take on the concept of cloud computing or shared computing more seriously.
HCL Technologies’ Vineet Nayar says "Whenever there’s an infusion of new technology, it dramatically changes the way services are bought and sold.
Before the dotcom revolution, in the year 2000, Indian IT firms were each $100 million or so in size".
He goes onto say that, "Nobody could have said that each of us would be $3-$5 billion in 2010".
Cloud-based services involve changing the whole IT infrastructure out of a businesses premises and allowing the company access to applications through a web interface such as Gmail.
This type of service costs a fraction of a traditional IT infrastructure, primarily due to the ease of maintaining the IT infrastructure of multiple clients at a single location.
Since both hardware and software are shared among all the clients, capital costs are a fraction of the traditional approach.
