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Information technology sector upbeat of USD 5 bn mark

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“Technology is a growth driver and the technology sector is an area that would differentiate Sri Lanka among neighbouring competitors, and help the island become a developed country. Along with the support of SLASSCOM and the entire sector, I am confident that Sri Lanka will get there soon.”

He was speaking at the Sri Lanka Association of Software and Services Companies (SLASSCOM) recently launched two new reports that comprised the IT-BPM industry review “State of the Industry Report 2019/20” and the “SLASSCOM State of the BPM Industry Report”. This is the first time that a specific report on the BPM Industry has been released.

The virtual event witnessed Jayantha De Silva and Channa Manoharan launching the state of the IT/BPM industry report, at which point De Silva stated that the sector will be “using these publications extensively.”

Immediate past Chairman SLASSCOM, Channa Manoharan urged everyone to use the reports in taking out the message of the IOI value proposition to Sri Lanka and beyond. “Publishing these state-of-the-industry reports in partnership with PWC and ACCA has been a rewarding task, since these publications showcase the growth and development of the sectors and will act as a launch pad for the next phase of progress we are getting into.”

The next part of the event was the launch of the inaugural state of the BPM industry report and kicked off with Nilusha Ranasinghe, Head of South Asia Cluster ACCA addressing the gathering.

“Our vision is to develop the accountancy profession that the world needs; we believe that a strong global accountancy profession benefits society by ensuring that organisations are managed ethically whilst creating rewarding career opportunities.”

Jehan Perinpanayagam –Director – Finance cum Board Lead of the BPM Forum of SLASSCOM noted: “One of the biggest challenges in the BPM sector was the lack of data, information and statistics, yet for the first time today, we have the BPM state of the industry report comprising key information that are useful for professionals from various disciplines including and not limited to finance and accounting, analytics, legal and market research.”

Shanaka Fernando, BPM forum lead added “this report will enlighten global BPM players to gain a good insight into the value that can be derived from choosing Sri Lanka as their future outsourcing destination.“

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