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The emerging technology development in IT and its impact on the coming generation is the focus of the National Convention organized by the Computer Society of India this year.

NASSCOM's Som Mittal, who is taking over the mantle of president from Kiran Karnik, says advances in technology have transformed the business services value chain. Today, global sourcing of services is a well-established concept and a core element of business strategy. Yet despite the widespread acceptance and rapid adoption, there is still significant headroom for growth. Further the scope of services that may be delivered remotely is also expanding rapidly, and is limited only by our own imagination.

Consequently, Mittal says, the drivers of growth have also evolved and services globalization is rapidly becoming a global race for talent. While cost remains a key driver, access to skills is rapidly gaining prominence. Ageing demographics pose a growing challenge for most developed economies that will further accentuate their dependence on globally distributes skill-pools.

India is uniquely positioned to capitalize on this opportunity. Its strong fundamentals of lower-cost, high quality talent and a supportive business environment have been complemented by a demonstrated process expertise and delivery capabilities exhibited over the past decade. As we look ahead, India's young demographic profile stands out in contrast to the ageing population in most developed countries. However, size alone will not suffice. As the global sourcing service portfolio evolves so will the skill pool at each level of the pyramid.

Higher end functions demand greater specialization and domain knowledge, and there is a need for more specialists, and to make research and education attractive career options. Lastly the so-called low-end work is a potential source of large scale emplyment creation -- and will continue to chase low-cast talent; few other locations have the capacity to fill this need.

India has an early start and a window of opportunity to capitalize on its lead, though it is not lost to others. While India remains the preferred destination, competition is emerging from other destinations who working hard to develop their IT industries. Though no single location can match India's maturity and potential to scale, the opportunity cost of complacency could be significant. Key stakeholders need to make concerted efforts to ensure that India realizes its potential, concluded Som.

The convention, held in Bangalore from November 28 to December 01, addresses various aspects of the emerging digital way of life and the opportunities and challenges in wake for India to harness the power of IT. The four-day convention will have talks on IT in media and entertainment, sports and education, among others. There are also sessions and panel discussion next generation hardware, software, manufacturing, search engines, virtualization and telecom.