Banks have always been one of the main buyers of IT solutions. And despite the current economic situation, they are hardly able to fully reduce their costs for technologies. There are at least two reasons for that: there is no sense to stop what has already been started and the previous crisis, which has already shown that those who did not save on technology then — quickly moved forward after.
Developers of IT solutions for banking and system integrators talked to Bankir.ru about what is happening in the industry now and what can be expected in the future.
Despite the economic crisis, two-thirds of Russian companies aren’t cutting jobs and prefer to survive the crisis by shortening work hours or cutting workers’ salaries, a study by global management consultancy Hay Group found.
“A lot of companies have refused to take radical measures, as in some sectors the situation has stabilized,” said Irina Chernozubova, the head of Hay Group’s research department for Russia.
The software development industry is global by definition. However, the service segments are more sensitive to geopolitical risk than other consumer goods, like food. In the first quarter of this year alone we lost a potential client after winning a tender when a Western company decided to abandon plans to use an Eastern European technology partner in light of recent events.
Nevertheless, the European and American markets are important to us, and we do not plan to change our priorities. More than 60 percent of our customers come from Western Europe and the U.S.
Since 2010 Andrey Ivanov is the member of executive team in JetBrains company, the world leader in professional software development tools. He is one of the founders of the Academy of Modern Software Engineering, where during two years of the free study students can can get additional relevant knowledge demanded by the programming market. Andrey realizes the importance of preparing the young professionals for the rapidly growing IT market, and actively develops relations with relevant higher education institutions in St. Petersburg and the regions.