Presidential elections and its impact on the s/w industry
Been following the recent political scenario in the U.S for the past couple of weeks. Obama's re-election as the most powerful man on the planet does have a lot of impact across various industries. Kudos to Romney for giving a great fight. There were a couple of aspects related to Romney's foreign policies that I personally did not like but overall the man would have made a good president. Obama was definitely my pick to win the presidential elections and take things over for a second term. I just hope he does not get blocked while promoting his various plans to rebuild the U.S. The only problem is that he cannot start afresh, he has to ensure that the policies that had created such a massive fiscal deficit in U.S history is keenly looked into and changes be made to promote more growth especially in sectors that had taken the brunt of the beating while the republicans were at the helm. In the software industry barring innovation, it is important that skilled expertise is continued to be sought rather than try and improve the skill sector in the U.S. This thought is coming along because in order to get that workforce in place especially for all the Americans, it is a lot of time and effort and certainly not possible to do so in the next 4 years. Also putting additional pressure on the services industry where China and India are the key players will not improve the U.S economy. It needs to constantly get expertise from these countries for a small period of time till the software industry gets into its stride. Also promoting local manufacturing for hardware is extremely important for the U.S. Regardless of the cost factor involved companies like Apple, Google and Microsoft should ensure that majority of the manufacturing takes place locally rather than exporting these jobs outside the U.S. Companies like Samsung, Lenovo etc... should also try and start creating manufacturing jobs inside the U.S, it does not have to be the entire hardware but some aspects of the hardware which can be outsourced from these countries. India has to seriously put some thought into ensuring more innovation continues in its market space rather than focusing on only services. If this is going to be the trend for India, then its shelf life will come to an end sooner than later. Innovation is one of the key factors for the software industry. Also competition in various markets globally for different software products will also improve the drive and consistency among software makers. The software life cycle is changing at a rapid pace and we software professionals need to gear up for the ride!!!!