Digital Bangladesh: Miracle or Mirage?
Offshore Outsourcing Contributions in the IT Industry of Bangladesh.
With the fall season drawing to a close and summer being around the corner, how about a nostalgic trip down the memory lane, comparing "Now and Then" of the IT market of Bangladesh over the last two decades?
Internet era 2 decades back
Believe it or not, the major hurdles had to be Internet access and power supply. Can you hear the shriek of a dial-up tone as you read this?.
How long has it been since you had to manually install software on each computer after receiving it on a floppy disk?
After years of heavy government investment in infrastructure, power outages have become less common and Bangladesh now has two submarines and two terrestrial fiber optic cable connections. These changes have had profound effects on Bangladesh's IT industry. These are the two main factors that have helped strengthen the IT industry of Bangladesh.
In spite of this, numerous professions and organizations have been hindered by Dhaka's social isolation and working from home, but the country's economy has remained unaffected.
If this had occurred 20 years ago, things would have been quite different.
Offshore Outsourcing Contributions in the IT Industry of Bangladesh
Can you envision delivering global offshore outsourcing services while reliant on satellite connections with limited internet bandwidth and frequent power outages?
Isn't that a little unnerving? Yet, BJIT shot for the stars.
BJIT, an Offshore Software Development Company in Bangladesh has been constantly offering software solutions to clients throughout the world since 2001, it has not always been an easy task.
They started off with a small group of just 10 software developers. BJIT Inc., a subsidiary of the BJIT Group, was created later in Japan. To connect the Bangladeshi and Japanese IT sectors, BJIT was a pioneer.
There were no other Bangladeshi IT software enterprises when BJIT entered the Japanese market. For the first time, engineers from a relatively unknown nation were to be employed for IT work in the United States. The talent of Bangladeshi engineers spoke for themselves, and there has been no going back.
BJIT has the ability to compete with IT service providers in India, China, and Sri Lanka. The IT industry of Bangladesh is expected to become a hotspot for offshore IT services in the near future due to the rising costs of IT solutions. One day, the IT industry might rival Silicon Valley in terms of extent and potential.
Now that BJIT and the government have put the foundations in place and the economy is flourishing, BJIT has been able to position Bangladesh as an up-and-coming offshore outsourcing hotspot that can compete on the world stage.
BJIT has successfully completed more than 1,000 projects ranging from artificial intelligence, blockchain, PLM/PDM services, and mechanical design to mobile apps and enterprise solutions for renowned clients such as Sony, BMW, QUALCOMM, Kyocera, Metso, Valmet, Dassault Systemes, NTT Docomo, Denka, Panasonic, Fujisoft, Toshiba, and so on.
It has also been possible for BJIT's offshore office headquarters in Bangladesh to deliver exceptional quality services to more than 50 internationally renowned customers while also operating offices in Japan, Finland, the United States of America, Sweden, Singapore, and the Netherlands.
BJIT's operational costs in Dhaka are 16–20% cheaper than those in Bangalore, India, and 30% lower than those in Cebu, the Philippines, compared to the top 250 IT delivery locations in the world. Since the Digital Bangladesh revolution, a greater emphasis has been placed on harnessing Bangladesh's human capital and financial resources in order to compete globally.
When India was able to join the global IT industry twenty years ago because it had the right resources and facilities, today Bangladesh has both and is trying to generate jobs for the 2 million young people who enter the workforce every year. Because of this, BJIT today employs an astounding total of over 650 individuals. There has been an uptick in interest in global giants in the wake of their success.
Is BJIT ahead of time?
Artificial Intelligence (AI) is a term that refers to the ability of robots to learn beyond the limitations of the software that creates them. In the past five years, more progress has been achieved in artificial intelligence than in the preceding 50. There are artificial intelligence assistants like Siri for iPhones, Google Assistant for Android phones, and Alexa for Amazon devices that help people with everyday tasks.
It's time to question ourselves what Bangladesh will look like in 2041 during this year's Digital Bangladesh Year.
Artificial Intelligence (AI) is a term used to describe robots that can learn beyond the logic of the software that creates them. In the past five years, more progress has been achieved in artificial intelligence than in the preceding 50. There are artificial intelligence assistants like Siri for iPhones, Google Assistant for Android phones, and Alexa for Amazon devices that help people with everyday tasks.
A major shift will take place in the next 20 years.
Despite the fact that some of it may seem to be science fiction, it will happen. Previously unimaginable events are now becoming a reality. In spite of the fact that the vast majority of these incidents will take place in richer countries, BJIT is ready to take the IT sector by storm.
Undoubtedly, the government of Bangladesh has played a crucial role in enhancing the software industry landscape. Looking at the rate at which digital developments are occurring, the IT industry of Bangladesh holds a bright future; where BJIT will continue to bring revolutionary improvements to Bangladesh's offshore software development sector.
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