02 May 2018
NEW DELHI, May 2nd 2018 - International Data Corporation (IDC) India has announced the launch of a specialized service named "PricePulse ” aimed at optimizing the entire procurement process value chain for Technology Buyers in India. This service is going to impact more than $40 Billion worth of IT asset procurement in India in 2018 based on IDC India Semiannual IT Spending Guide 2017.
The service will help technology buyers validate the IT asset pricing faster, enable data driven budget forecasting for IT asset procurements, thus, helping make informed buying decisions.
Based on IDC’s core research and market study methodology, IDC analysed that today’s technology buyer organizations face high procurement cycle time due to increase of technology influx, leading to parallel procurement cycles executed by a limited team. Further, with the increase in adoption of new age technologies like Hyper Converged Infrastructure, the speed of transforming IT infrastructure has also increased which has resulted in complex decision making for the technology buyers. Another dimension that adds to the complexity is, the inevitable adoption of emerging technologies like Blockchain, IoT and Cloud which has increased the number of service providers in the market. The dynamics created by these factors has led to an urgent need for transforming the IT asset buying process.
Price Pulse is an extension to the IDC Research Advisory Services being offered in India. Initiation of this service in India is also based on numerous requests we received from the CxO to help validate their IT strategy and process in the country, Says Amit Malhotra, Managing Director, IDC India and South Asia
Manish Sharma , Principal Consultant, Technology Buyer Advisory & Consulting, IDC India added, "The technology buyer world has seen a dramatic shift over the last 5 years. Not only the ecosystem has become more complex but the pace at which the businesses are shifting their focus on technology is unprecedented to wow the end customers. Hence, it is very important for the enterprises to take swift but data driven decisions when buying or refreshing technology.”
PricePulse service covers a vast gamut of IT asset categories of enterprise buying – hardware, software and end user devices. From external storage to endpoint security software, the technology buyers will have access to multiple sub-categories within these IT assets to ensure that the service meets both their strategic as well as tactical needs.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC.
All product and company names may be trademarks or registered trademarks of their respective holders.