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BUSINESS PROCESS MANAGEMENT “ANALYTICS” “AUTOMATION” SPUR BPM INDUSTRY INDIANS TO LEARN US GAAP (GENERALLY ACCEPTED ACCOUNTING PRINCIPLES)

 
 
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BUSINESS PROCESS MANAGEMENT “ANALYTICS” “AUTOMATION” SPUR BPM INDUSTRY INDIANS TO LEARN US GAAP (GENERALLY ACCEPTED ACCOUNTING PRINCIPLES)
by System Administrator - Saturday, 24 September 2016, 12:46 AM
 

By: M.S.Yatnatti: Editor and Video Journalist Bengaluru: India aims to be the accounting back office to the world, many college need to teach US GAAP (Generally Accepted Accounting Principles), based on which all accounting work is done . India compete with the Philippines, which teaches this subject in its universities and colleges. ICAI (Institute of Chartered Accountants of India) need to add this as a subject .The Indian business process management (BPM) industry is expected to grow to $50 billion in the next four years, up from $26 billion in 2016, helped by greater adoption of analytics, digital technology and automation, industry body Nasscom said. The sector, which has grown about 1.7 times in the past five years in India, has 2,500 companies and employs close to 1.1 million professionals, covering around 40 languages. India has 37.6% share in the global BPM off shoring market, mainly due to low operating cost. America and Europe continue to be the main growth drivers, but Asia-Pacific too is beginning to offer opportunities. Information and communication technologies companies are mass employers o Indian Engineering graduates..Reportedly Students seeking to join the IT industry should ideally pursue engineering branches such as information technology, information science, computer science, computer engineering, electronics, electronics & communication, and electronics & telecommunication. Applicants should have scored 60% and above marks in class X, XII and at the graduation level and possess good English verbal and written communication skills. Every candidate comes to an interview with a certain level of preparedness. Recruitment teams challenge this preparedness and evaluate candidates on their spontaneity, logic, ability and applied thinking. Interviewees are expected to display their thinking and analytical capabilities. Students are also assessed on their communication and soft skills.Applicants should be confident and honest. During the interview, candidates should display sound subject knowledge, be willing to step outside theory and be solution-oriented in their thought process. Capgemini is a multinational IT services and consulting company with over 93,000 employees in India. Reportedly The organisation has been ranked as a top IT services companies in India by Nasscom this year and provides fresh graduates opportunities in various sec tors, geographies and technologies. New joinees can expect to work in a high growth and diverse work environment with exposure to global customer facing and onshore roles early in their career. Engineering is one field that is definitely not stagnant. If you graduated years ago, it might be time for a refresher course. "The focus is shifting towards interdisciplinary skills. The IOT (Internet of Things), robotics, nanoelectromechanical and molecular electronics are some of the key emerging technology drivers. There is a strong demand for holisticautomation, at much faster data-speeds to meet the ever-increasing amount of complex data. Thus the engineering jobs now require deep knowledge skills within the Digital Signal Processing, FPGA and LTE-Wireless domains along with a good understanding of emerging Data Structures, algorithms and analytics. Thus, every engineer of the future will need to have strong programming skills, regardless of the engineering domain area," says IT report . "Till now, engineering companies have hired candidates on the basis of their technical expertise only . However, today's marketplace requires more rounded skill sets. Companies are catering to a global clientele with a more fluid set of requirements based on emerging technologies such as mobile computing and big data.This means that engineers will need to have a more balanced amalgamation of technical aptitude and adeptness in softer skill sets.