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hello everybody cognizant has recently
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taken action legal action against
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infosis saying that infosis has
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unlawfully extracted data from its
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databases and using this information to
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create competitor software well the
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important point is which domain industry
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is this product in it is at the
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intersection of Health Care and
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insurance and the primary task of this
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software is to automate things in this
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industry now this is the major point in
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this video we'll dig deep into what is
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happening in this industry are these
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type of cases common why are these cases
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coming up again and again and also what
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can you take away as an employee and
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what are some of the next steps for you
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based on this information please go
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ahead click on that like button
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subscribe to the channel because this
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research you will notice that it goes
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into multiple levels will help you in
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deciding that next career step next
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project potentially that you can pick so
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let's start straight away with what is
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this about and are these common in the
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healthc care sector this is extremely
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common number one it is not just about
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cognizant and infosis a few months back
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actually Vio has also taken legal action
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against cognizant when one of the senior
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vice presidents from vipro has left to
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Cognizant again in the healthcare space
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and they mentioned that hey they have
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taken a lot of intellectual property
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information along with them and they are
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creating competitor products number two
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another small Healthcare software
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Provider from the US Epic Systems has
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also sued DCS saying that if they have
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copied they have stolen some of their
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intellectual property while implementing
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their software at one of the client
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sites now these things are happening at
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a rapid Pace specifically in the
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healthcare and at intersection of
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healthcare and AI why are these things
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happening a lot two reasons for that
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number one Healthcare Plus AI as an
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industry is booming just look at this
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article from entrepreneur.com the first
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and the second fastest growing Fields
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come from number one artificial
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intelligence number two healthare and
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this is supplemented by information
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coming from US Department of Labor
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Statistics and in this report as well it
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very clearly states that Healthcare is
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the fastest growing field and also it is
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the place where there will be a lot of
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employment opportunities going forward
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and this is not just reports or this is
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not just data coming from multiple
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Publications there is already proof for
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this happening before we jump into the
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proof I want to quickly introduce to you
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the description box now coming back to
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the video and talking about the proofs
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that hey this is not just about data and
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Publications but this is in reality if
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you look at Vio quarterly results that
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were announced last month every single
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sector every single industry has
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declined for Vio except Healthcare yes
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Healthcare and Pharma is the only
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industry for vipro that is growing and
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this has grown at 7% while all the
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industries have actually shown negative
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growth or rather Decline and not just
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for vipro in TCS as well amongst the top
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three industries from which they make
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the most money banking number one is
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gone down number two consumer goods has
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gone down number three health care that
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is the only division which is growing so
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these it companies also know that
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Healthcare is the sector that is growing
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so if somebody is stealing their
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information it is not just about they
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are not growing but they are also
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letting others grow so you can see that
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it's a hit on both sides of the coin now
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this is about the Publications and the
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data that is happening but people take
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the innovation in the health care space
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a little more seriously because of
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another reason as well that is the
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difficulty in actually innovating
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something in the healthare space there
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are a lot of Regulation you build a
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product you go ahead into the market and
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you release it then you will know
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whether that product is working or not
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but you can't do it in the healthcare
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space there are a lot of regulations you
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need to get approvals even collecting
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patient information or insurance
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information itself is extremely tricky
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so what do they do it is difficult in so
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rather I will go ahead and steal now you
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understand that this is a growing
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industry there is already proof for it
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and on top of it it is difficult for
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Innovation so whenever somebody's
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innovating rather you go ahead and steal
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it and that is the reason why there are
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a lot more of these type of cases in the
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healthcare sector compared to any other
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sector out there so what can you do as
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an employee number one please get into
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the space which is currently hot and
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trending there is absolutely no no
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reason why you should waste your time in
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some industry which is not high paying
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which is not growing and where the
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career prospects are also Bleak you
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might say that hey I'm comfortable in
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this position and I want to stay here
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but let me tell you something even more
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important we have a limited career span
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and we have to optimize on those
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opportunities which are in front of us
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when there are certain Trends which are
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growing we need to get on those Trends
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whether it is generative AI or whether
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it is Healthcare so please see if there
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is a project that is coming up in the
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healthcare space if you can move into
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that this is also an Evergreen space I
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myself come from technology and
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Consulting background and I know when
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there are a lot of layoffs that are
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happening in the Consulting industry
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folks whose clients are in the
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healthcare space they are the only ones
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who are Exempted from this entire
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layoffs process so please understand the
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criticality of the situation and see if
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there is a way for you to get in there
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the second one is a lot of these
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Healthcare Pharma Life Sciences
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companies are also setting up their
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shops in India the global capability
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centers GCC now apparently it is my
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favorite topic so these guys are also
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offering good jobs in the Indian market
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with of course a good work life balance
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so if you have good experience in the
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healthcare sector or if you can develop
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good experience in the healthcare sector
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slowly you can move into these Global
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capability centers which are the
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offshore offices for these large
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multinational companies just look at
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Chennai there is fiser there is R there
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is estrogen in Hyderabad there is notis
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and recently sopi is also launching its
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office it's almost considered to be life
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sciences Hub in collaboration with
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Bangalore so you can see depending on
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which city you are in identify which are
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the global capability centers in the
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healthcare space that are opening up and
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try to push your resume in that
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direction both while in your current
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work and also when you pick up new
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skills that will again be beneficial
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number three again when an industry is
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growing and when there is a shortage of
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people you will notice that the salaries
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are typically higher in the GCC space
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you can expect when you move from one
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company to the other company the salary
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hike is approximately around 80% but
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when you move from one technology
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company to the other technology company
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you might not get that kind of a hike so
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you take a chance you learn what is
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necessary so that you can up skill and
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you can move into the direction which is
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already going in the the right way
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rather than you wasting time in the spot
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where you are and the industry which
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might not be growing hope this video is
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helpful please do share it with your
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friends and network and let me know if
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you have more questions on the topic
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we'll be happy to answer them see you
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again in the next one bye-bye
