Saturday, November 29, 2008

Mumbai's cyber citizens unleash their power

It has been curtains on a nightmare in Mumbai. Terror attacks that not only inflicted heavy civilian casualties, but took unawares the security infrastructure of the country. So much so that CNN-IBN dubbed the live action that unfolded day in day out for 3 days on TV, 'The longest running Live Horror Show on television'

While the Mumbaikars' resilience was being highlighted by the TV, very few media channels covered the role that the Internet and cyberspace played. Blogs, Twitter, Google Maps, Flickr all went into hyperdrive to cover the events unfolding, providing an emotional help line, linking victims to hospitals, connecting blood donors to blood banks, inviting comments from cybernauts and providing an untainted, unbiased view of the situation clear of all the dramatization being used by TV channels to attract more eyeballs. (One TV channel was advertising Sony Handycam at the right hand upper corner while showing scenes shot from citizen handycams. Long live morality !!)

Even BBC was relying on cyberspace for most of the news, given the stickler it is for unbiased news content. Such is the power of citizen journalism. If only we could effectively harness its power !!

Tuesday, November 25, 2008

Recession - Indian IT firms stand ground

Humpty dumpty had a great fall !! 8 weeks after the big bang announcement by banks in US that recession has finally descended on the globe, Indiann IT firms are yet to bat their eyelids. I am not sure if this is another lull in the storm or that Indian firms have really grown in resilience over the years to take a blow of this magnitude and still do business as usual.

Though all IT firms have announced cautious spend cuts, not one has made a move hinting job cuts and pink slip disbursements. The top 3 IT firms in India have a significant BFSI (Banks and Financial Services Institutions) exposure in US and Europe. That surprises me beacuse if anybody anticipates this recession to dissipate soon, I would disgree 100%. It would be atleast a year or two before we have normalcy restored. So when companies are in for the long haul in a recession like this that can raise eyebrows.

Atleast, I have heard rumors of Infosys announcing options to its employees to go on a 1 year holiday wherein they need to serve NGOs (non govermental organisations) and still take home 50% of their pay. That's something to cheer about during hard times like these !!

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