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The study findings suggest that modern engineers are keen on accelerating their learning curve and expect their organisations to support this by creating learning pathways.Data shows 93 per cent of modern engineers are looking for upskilling&nbsp;<a href="https://www.thehindubusinessline.com/info-tech/ai-top-digital-priority-for-majority-of-c-suite-executives-accenture-report/article66858497.ece" target="_self">opportunities in AI,</a>&nbsp;cloud computing, and other new-age technologies, according to the EPAM-CMR Study.<a href="https://www.thehindubusinessline.com/on-campus/future-proof-your-skills-to-gain-an-edge-as-an-engineer/article66324605.ece" target="_self">Modern engineers</a>&nbsp;are invested in shaping their future with clear career aspirations, social innovation, and sustainability goals, with 68 per cent and 46 per cent of modern engineers, respectively, believing that data analytics and&nbsp;<a href="https://www.thehindubusinessline.com/info-tech/fierce-ai-talent-war-shifts-to-india-with-salaries-being-doubled/article66810931.ece" target="_self">artificial intelligence</a>&nbsp;will be in demand in the future, enabling enhanced consumer experiences and collaboration.<h5>Learning curve</h5>Similarly, delving deeper into their career aspirations, the study findings suggest that modern engineers are keen on accelerating their learning curve and expect their organisations to support this by creating learning pathways.According to the study, 80 per cent of participants find practices such as competency centres crucial for assisting employees in acquiring technical knowledge and developing problem-solving skills. Concerning tech domain preferences, two in every five modern engineers seek to learn microservice architecture, while Java is the most popular programming language, with 55 per cent of participants voting in favour for it.<h5>Major step forward</h5>Additionally, results demonstrated that the career aspirations of modern engineers vary with age: 57 per cent of modern engineers aged 25 years or under look for faster career promotions, whereas more than half of those between 26 and 30 are more invested in exploring&nbsp;<a href="https://www.thehindubusinessline.com/info-tech/ai-offers-45000-job-openings-in-india-report/article66641191.ece" target="_self">career expansion opportunities</a>&nbsp;through learning.“The corporate workforce has seen its fair share of transformations that have altered the traditional ways of doing business across different sectors. While most conversations have focused on CxO perspectives and enterprise initiatives, the study is a major step forward in moving the needle beyond the ‘enterprise,’ to the ‘employee’ and specifically towards modern engineers,” said Srinivas Reddy, Managing Director (India GDO Head) at EPAM Systems, Inc.EPAM Systems India Private Limited (EPAM India), a digital transformation services company, and CyberMedia Research (CMR) commissioned a joint study to better understand modern engineers’ aspirations within the emerging workplace. The survey was conducted with more than 800 engineers from diverse tech roles, aged 23 to 30, with 1 to 7 years of work experience, hailing from eight major cities in India. <a href="https://www.thehindubusinessline.com/info-tech/93-of-engineers-seek-upskilling-in-ai-cloud-computing-report/article66870154.ece" target="_self">https://www.thehindubusinessline.com/info-tech/93-of-engineers-seek-upskilling-in-ai-cloud-computing-report/article66870154.ece</a>

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Hindu Business Line talks about the study of Modern Engineers conducted by EPAM Systems in association with CyberMedia Research (CMR). Here, Srinivas Reddy, Managing Director, EPAM Systems. Inc (India), talks about how the workplace has seen transformation and changing outlook of modern engineers towards learning pathways, their career growth and their mindset towards a purposeful work life.

Shaping Futures

Bengaluru: Techies who are upskilled by their employers have the expectation of faster promotion, a survey conducted by tech firm EPAM and market research firm CyberMedia Research (CMR) said. About 91% of the respondents said that developmental and on-job training is their topmost expectation from the organisation they work with. Professionals between 23 and 25 years of age are the most eager to be promoted quickly by upskilling themselves, with 57% of them saying so.“This survey has shown us that companies investing in the career of employees by giving them an opportunity to grow through it is the best retention strategy. Techies do not want to just be given a set of courses to complete. They want to be able to choose their career path and the course,” Srinivas Reddy, managing director of India at EPAM Services.EPAM and CMR interviewed 800 professionals from IT services and product companies. All of the respondents were aged between 23 and 30. More women were concerned about getting flexibility at the workplace, to be able to work from home, than men. More men felt training is important and their focus was to train to climb up the career ladder.<a href="https://timesofindia.indiatimes.com/city/bengaluru/techies-expect-promotions-after-upskilling/articleshow/100406745.cms" target="_self">https://timesofindia.indiatimes.com/city/bengaluru/techies-expect-promotions-after-upskilling/articleshow/100406745.cms</a>

Market Study: Workplace for the Modern Engineer

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EPAM Systems and CyberMedia Research (CMR) recently conducted a study of Modern Engineers in India that speaks about their expectations from their workplaces, desire for growth, and working with the latest tech including data analytics and artificial intelligence.

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 On the occasion of National Technology Day observed on May 11, #EPAMIndia Head, Srinivas Reddy, joined his counterparts from across the country to share insights about how we can navigate the digital future.

Navigating the Digital Future

CXOToday has engaged in an exclusive interview with Mr. Srinivas Reddy, Managing Director (India GDO Head) at EPAM Systems, Inc.1.Can you please tell our readers about EPAM and the India Chapter of the organization?Since 1993, EPAM has leveraged its advanced software engineering heritage to become the foremost global digital transformation services provider – leading the industry in digital and physical product development and digital platform engineering services. Today, we are a global organization with nearly 60,000 employees and offices in more than 50 countries. EPAM is listed among the top 15 companies in Information Technology Services on the Fortune 1000 and ranked four times as the top IT services company on Fortune’s 100 Fastest Growing Companies list. In 2022, EPAM posted revenue of $4.825 billion, up 28.4% year-over-year.At EPAM, we help our customers thrive and stay competitive in a market challenged by commercial, regulatory and digitization pressures. Our experts work collaboratively with our customers to achieve meaningful, sustained impact for their business, employees and consumers. Through our innovative strategy; integrated advisory, consulting and design capabilities; and unique ‘Engineering DNA,’ our globally deployed hybrid teams help make the future real for our customers and communities around the world.EPAM entered the Indian market in 2015 with the objective of diversification but still focused on its engineering differentiation. We leverage our borderless delivery approach, and support our clients in driving digital transformation, operating within an on-demand environment with the added advantage of having access to engineering talent across the country. EPAM is present in five locations around India: Hyderabad, Pune, Bangalore, Gurgaon and Chennai.2.What are the services provided by EPAM India and how are you helping your clients to achieve their targets?We work across industries including banking, healthcare, life sciences, retail, software & hi-tech and media & entertainment. We are experts in building large platforms, e-commerce platforms and wealth management platforms, in addition to helping our clients modernize their operations. We have established practices across digital, data, cloud and quality engineering to deliver next-generation, integrated and smart run services.3. What are your business plans for India going forward?EPAM is currently present in five cities in India. As we expand, the plan is to open more offices and increase our leadership team in the region. On the horizontal side, EPAM India intends to add deeper technical capabilities in digital, cloud, data, and on the vertical slide, build consulting in industries like insurance, life-science, healthcare, payments, and retail. In 2021, we doubled our India employee number.&nbsp; Today, India represents over 12% of our total global headcount and is well positioned to be 20% in the next few years.We are establishing data science and cloud transformation centers of excellence, life science & payment’s hub and design studio to assist our customers in innovating and transforming their businesses.Each of these is enabled to add new and deeper capabilities and bring in consulting lens that helps our customers become faster and more adaptive enterprises. As a group of consultants, designers, architects, engineers and trainers, we focus on building long-term partnerships with our customers, enabling them to reimagine their businesses through a digital lens.4. Can you please talk in detail about Engineering Excellence?To design, architect and provide high-quality solutions, the engineering community must be trained on the newest technologies and implementation frameworks. In this regard, the Engineering Excellence or EngX program of EPAM offers a methodologically developed model promoting best engineering practices and fostering a learning-centric culture. It has been formulated by carefully studying the changing workforce dynamics, industry trends and talent requirements of the market. EPAM’s EngX program provides an ecosystem that offers learning opportunities, tools to build engineering skills and avenues to grow. EngX focuses on every aspect of engineering life, promoting software craftsmanship, design thinking, problem-solving and an agile and product development mindset.The learning modules and training programs of EngX are specifically designed for every job function in the company. Engineers at EPAM are encouraged to apply best engineering practices, like clean code and good programming fundamentals to their projects. Advanced tools and platforms enable professionals to sharpen their skills through practice. EngX events and communities offer a global platform for professionals to learn, network and share knowledge with like-minded tech enthusiasts.5. How important is acquiring good talent and what has been your key focus while hiring?At EPAM, we believe we select people differently and train them differently. Our central philosophy revolves around our Engineering DNA and therefore, we focus on bringing in high-quality talent. Our hiring processes are rigorous and our technical rounds are industry-leading. The candidates are evaluated based on EPAM’s competency framework for skill and seniority levels and our qualified interviewers are certified by global mentors.We have dedicated candidate engagement and referral programs to attract the right kind of talent from the market that is culturally aligned to EPAM and be successful in a high-performance environment. Our continuous learning programs help our people upskill themselves and contribute to their career growth.<a href="https://www.cxotoday.com/interviews/epam-leveraging-its-engineering-dna-to-lead-the-industry-in-digital-and-physical-product-development-srinivas-reddy/" target="_self">https://www.cxotoday.com/interviews/epam-leveraging-its-engineering-dna-to-lead-the-industry-in-digital-and-physical-product-development-srinivas-reddy/</a>

EPAM Leveraging its Engineering DNA to Lead the Industry in Digital and Physical Product Development: Srinivas Reddy

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 EPAM India Head, Srinivas Reddy, talks about how through our innovative strategy; integrated advisory, consulting and design capabilities; and unique ‘Engineering DNA,’ our globally deployed hybrid teams help make the future real for our customers and communities around the world, in this article.

BENGALURU: Epam Systems CEO Arkadiy Dobkin says the company is looking to double its employee strength in India in the next few years. The $5-billion US-based software engineering and product development services company has about 6,000 people here now. "We have a tough time because of the situation in eastern Europe where our big talent pool has been. Today, 11,000 people are in Ukraine. So, India is very strategic from this point," he told TOI in an exclusive interaction.About 12 months ago, 60% of employees were in Ukraine, Belarus and Russia. Currently, Russia is zero. Dobkin said they will have to make up for that in India. "Latin America should accelerate as well. In 3-4 years, we probably will double in India, depending on the global economy," he said. It grew the India headcount 150% in the last two years.Epam started its India operations in 2016 and it has presence in Hyderabad, Pune, Bengaluru, Gurugram and Chennai.Dobkin immigrated from the Soviet Union 32 years ago and started a company in the US. In 1993, he co-founded Epam with three employees and went on to list it on the NYSE in 2012. In 1997, Epam landed SAP as its first software product development client. In 2004, it acquired Fathom Technologies, opening its first EU delivery centre and entering the European market, and in 2013, established its digital engagement practice, in addition to expanding its offerings in agile, and business intelligence/analytics.Dobkin said that every three years, they have been doubling the company's strength. This happened from 2012 to 2015, 2015 to 2018 and then from 2018 to 2021. “From 2015, to probably 2017-18, we were exploring and trying to understand how to operate globally, because we came from different backgrounds, and our largest competitors had a bigger advantage. And we also wanted to capitalise on our engineering DNA,” he said.The company was inspired by Indian IT firms and the way they had globalised. "In 2018-19, when we understood that we could grow, we strategically were thinking about how to become a much more diversified company. Then all the situations happened in Eastern Europe which in some way accelerated our strategy,” he said.Epam crossed the $1 billion revenue mark in 2016. “And when we started to talk about $5 billion three-four years ago, the investment community was kind of surprised. We are now practically there on a run-rate basis. We now have a $10 billion aspirational target, but it's a very practical target," Dobkin said. The company, he said, invests heavily in industry knowledge, because big deals require strategising and implementing this. "So we need to acquire new skills, which is the biggest challenge for everybody, and we need to be able to align these skills in complex deals. If this happens, then we will be a champion company," he said.URL: <a href="https://m.timesofindia.com/business/india-business/post-ukraine-india-is-even-more-strategic-epam-ceo/articleshow/99802709.cms" target="_self">https://m.timesofindia.com/business/india-business/post-ukraine-india-is-even-more-strategic-epam-ceo/articleshow/99802709.cms</a>

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As we continue to expand our global footprint and capabilities, our President and CEO Arkadiy Dobkin sat down with The Times Of India to highlight our strategic growth in #India's tech ecosystem. Read more...

Interview: EPAM President & CEO, Arkadiy Dobkin

​​It is crucial to foster a growth-promoting ecosystem where the workforce can seek development aligned with their career aspirations. In this respect, offering a composition of methods, strategies, and platforms to help engineers learn and practice the best engineering processes, tools, and techniques is fundamental for tech companies.By Sandeep Joshi,In today’s environment, technology organizations must focus on delivering solutions rather than services. For this, enterprises need to design an ecosystem supporting the engineering excellence necessary for delivering high-quality solutions amidst a fast-transforming and increasingly competitive market. In this context, three aspects are crucial.<ul><ul><li>Understanding the workforce Understanding the workforceThe Indian tech industry employs nearly 86-90% of the country’s total population of Gen Z and millennials. They are passionate, energetic, and ambitious, seeking meaningful work and career growth. Enterprises need to channel their workforce's passion and energy to pursue growth and innovation.It is crucial to foster a growth-promoting ecosystem where the workforce can seek development aligned with their career aspirations. In this respect, offering a composition of methods, strategies, and platforms to help engineers learn and practice the best engineering processes, tools, and techniques is fundamental for tech companies. Promoting software craftsmanship, design thinking, problem-solving, and an agile and product development mindset is vital. These aspects are foundational to building an engineering mindset for driving innovation in a tech firm.</li><li>Learning as part of organizational cultureA steady capabilities-building approach is imperative for enterprises to thrive amidst fierce competition and deliver high-quality solutions. This constant pursuit requires continuous learning to be ingrained as a core element of the organizational culture, making learning an organic process for employees. There are three critical aspects in this regard for tech enterprises. First, learning for employees needs to be an integral part of their routine tasks. Providing tools for building advanced engineering skills, training programs for upskilling employees, and platforms enabling professionals to sharpen their skills through practice is an essential component of a learning centric environment. A strategically crafted learning plan for employees at every level covering every aspect of engineering life is important. Encouraging engineers to apply the best engineering practices like clean code and good programming fundamentals to their projects is crucial too. Second, offering skill-building opportunities to employees beyond their job roles or project-specific skill requirements is vital. Skilling, upskilling, and reskilling opportunities enhance the workforce’s abilities to bring innovative ideas. The convenience and choice of availing such opportunities per their interests encourage professionals to seek personal and professional growth. Third, an intervention plan for improvements complements the objective of continuous learning by assisting employees in their learning curves. Mentoring and coaching are critical for guiding and educating employees. Frameworks, toolsets, and practices for continuously assessing and monitoring performances can aid teams in identifying and prioritizing improvement opportunities. This makes continuous improvements as part of the teams’ regular development cadence. </li><li>Cultivating a product-driven mindset Cultivating a product-driven mindset is essential for creating high-quality solutions and unique customer experiences. To achieve this objective, enterprises need to inspire their employees to think creatively, experiment, and learn proactively. Regularly conducting events focusing on the latest innovations and technological advancement can help impart knowledge and keep employees abreast with emerging market trends. This exposes employees to industry prospects relevant to the engineering community, inspiring them to explore more. Various opportunities to participate and win in immersive competitions can stir employees’ creativity and agility toward learning. Acknowledging employees for participating in events and proposing innovative ideas is also critical as it encourages out-of-the-box thinking among the employees. Avenues to join global tech communities and networking platforms help employees to learn, connect, and share knowledge with like-minded professionals facilitating peer learning. Such opportunities contribute to developing a product-driven mindset, empowering employees to create high customer value. </li></ul></ul><a href="https://cio.economictimes.indiatimes.com/news/enterprise-services-and-applications/sandeep-joshi-epam-systems-on-building-a-growth-promoting-ecosystem-through-engineering-excellence/98985208" target="_self">https://cio.economictimes.indiatimes.com/news/enterprise-services-and-applications/sandeep-joshi-epam-systems-on-building-a-growth-promoting-ecosystem-through-engineering-excellence/98985208</a>

Building a Growth-Promoting Ecosystem through Engineering Excellence

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EPAM India Delivery Head, Sandeep Joshi, talks about how it is crucial to foster a growth-promoting ecosystem where the workforce seeks development aligned with their career aspirations, in this article.

Many elements and factors govern the digital transformation journey, and the best outcomes, per business goals, determine a program's success. Technology, data, infrastructure, processes, managing change, and team competencies are just a few essential components influencing the quality of program delivery. And factors like driving change, team competencies and keeping the consumer mindset in view are critical for delivering a successful digital transformation program. As a myriad of interdependent factors directs the digital transformation journey, providing a successful program becomes a complex and challenging affair. However, three aspects are fundamentally important for a successful digital transformation program.<ol><li>Results-focused approach</li></ol>A successful transformation program means achieving the expected business outcomes, necessitating a result-focused approach. It begins with clearly understanding the desired business outcomes and Return-On-Investment (ROI). This comprehension between the client and the implementation partner is attained during the analysis or discovery phase. This assists the client in having a better understanding of their business needs, success factors and priorities. Apart from analyzing the elements that require transformation, its associated rationale must also be examined. This also contributes to specifying the value proposition the implementation partner can provide to the client.The engagement of several stakeholders is crucial at this stage for paving the foundation for the transformation program. Some key stakeholders in the analysis phase and their roles include,<ol><li>Strategic and technical consultation&nbsp;are vital for having the correct vision for the program. This requires the engagement of stakeholders like the Chief Experience Officer (CXO), industry domain experts, enterprise architects, business consultants and client transformation sponsors.</li><li>Change experts and agile transformation leads&nbsp;are involved in determining the steps for the transformation program and defining a suitable framework for the change.</li><li>Change specialists&nbsp;with an agile mindset assist in designing new processes for the transformation program.</li></ol>Carefully mapping the old processes to new digitized or transformed ones is crucial. This is particularly important for the manual aspects of the current process, as they will be digitized for the first time. Simulating new processes using data and intelligence of manual operations is a critical step. It aids in evaluating the value addition of the latest techniques, measuring success across all stages, and confirming whether desired results will be delivered after implementation. It also helps in identifying dependencies and reducing the risk of program failure.<ol><li>Blend of technology, experience, and infrastructure for creating desired digital landscape</li></ol>A digital landscape is a combination of experience, data, and infrastructure. Customer centricity is the critical determinant of designing an appropriate digital landscape.<ol><li>Designing the landscape is tricky, so choosing between data and experience is essential. However, first creating an engaging and immersive experience could be beneficial as it facilitates embedding technology into the experience seamlessly.</li></ol><ol><li>Gathering appropriate datasets and types of channels for collecting data are equally important for creating a 360-degree omnichannel customer view.</li></ol><ol><li>Infrastructure is the tool for converting a design into a solution. Narrowing down on the suitable infrastructure depends on three parameters - skills, cost, and scalability. Re-engineering the solution on a modern cloud platform requires a thorough understanding of business flows and the technology stack. A correct blend of hybrid, private and public clouds determine the suitability of the infrastructure for a program. &nbsp;</li></ol><ol><li>Engineering fundamentals for a successful delivery</li></ol>Numerous frameworks and platforms with built-in features are available today based on which scenarios are built. Therefore, understanding the platforms and frameworks is crucial to realizing the idea and maximizing client benefits. However, the knowledge of engineering fundamentals and core engineering skills is essential for successful implementation and delivery. Effective implementation means a program does not experience scalability or performance issues at later stages. Digital technologies are rapidly evolving every day. Thus, thorough knowledge of base languages and design principles is fundamental to having a team skilled at adapting and learning quickly to deliver a successful transformation program. Author - Vanita Aggarwal, Digital engagement Practice Head, Epam Systems<a href="https://community.nasscom.in/communities/digital-transformation/key-successful-delivery-digital-transformation-program?sf176659215=1" target="_self">https://community.nasscom.in/communities/digital-transformation/key-successful-delivery-digital-transformation-program?sf176659215=1</a>

The Key to the Successful Delivery of a Digital Transformation Program

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Vanita Aggarwal, Head Digital Experience at India, shares the critical factors that determine the successful delivery of a digital transformation program. Read this blog to know more.

As the world continues to face pressing environmental challenges, it is critical that businesses and organizations partner to make a difference. The World Wildlife Fund (WWF) has joined forces with EPAM Systems (EPAM) to help protect the planet through participation in Earth Hour on March 25, a global event organized by WWF that encourages individuals and businesses to turn off non-essential lights for one hour as a symbol of their commitment to the planet. As a leading global digital transformation services and product engineering company, EPAM recognizes the importance of sustainable practices and is committed to reducing its environmental impact. By participating in Earth Hour, EPAM joins a global community of organizations and individuals taking action to protect the planet. This action raises awareness of the urgent need to address climate change. This year’s Earth Hour is not just about turning off the lights, but also about switching off daily habits and distractions. By giving an hour to Earth, we can make a significant contribution to reversing nature loss by 2030. “We are honored to partner with WWF in our shared mission to protect our planet and promote environmental sustainability,” said Shamilka Samarasinha, Global Head of Corporate Social Responsibility, EPAM. “The global environmental challenges we face today require collective action, and we encourage everyone to join us in taking meaningful steps towards a greener future. As we participate in the biggest hour for Earth, let's make a commitment to adopting sustainable practices in our daily lives, such as reducing plastic consumption, conserving water and energy and supporting conservation efforts. Together, we can make a significant impact and safeguard our planet for generations to come.” In addition to Earth Hour, EPAM will be participating in the upcoming Pedal for the Planet Cyclothon that will be held in Hyderabad and Delhi. The cycling event aims to raise awareness about climate change and promote sustainable practices. Through its partnership with WWF, EPAM has supported several environmental initiatives and programs that promote sustainable development. In 2022, EPAM participated in a program called Global Wild Wisdom Challenge 2022, that gave young people the opportunity to build valuable knowledge that drives green actions—all in a fun and interactive format. More than 25,000 students from 389 schools across 16 states participated in workshops, nature walks and a wildlife safari to develop knowledge and appreciation towards the diverse wildlife and recognize the need to conserve our biodiversity.<a href="https://earthhour.wwfindia.org/driving-sustainable-change" target="_self">https://earthhour.wwfindia.org/driving-sustainable-change</a>

Driving Sustainable Change: EPAM and WWF Collaborate to Help the Planet

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The global environmental challenges we face today require collective action, and we encourage everyone to join us in taking meaningful steps towards a greener future.

NEWTOWN, Pa.,&nbsp;Feb. 9, 2023&nbsp;/PRNewswire/ --&nbsp;<a href="https://welcome.epam.in/?utm_source=pr-newswire&utm_medium=press-release&utm_campaign=esg&utm_term=golden-peacock-award&utm_content=epam-india">EPAM Systems, Inc. (NYSE: EPAM)</a>, a leading digital transformation services and product engineering company, today announced EPAM Systems India Private Limited (EPAM India) received the 2022&nbsp;<a href="https://goldenpeacockaward.com/">Golden Peacock</a><a href="https://goldenpeacockaward.com/">&nbsp;</a><a href="https://goldenpeacockaward.com/">Award</a> for Corporate Social Responsibility [IT Sector] in the areas of education, environment, social innovation and community.<div></div><img asset_uid="blt1ae68600116553ba" src="https://eu-images.contentstack.com/v3/assets/blt892f41c9788ae399/blt1ae68600116553ba/63edd87a55cb9366f8a79d78/EPAM_Systems_India_Wins_Golden_Peacock_Award.jpg" height="auto"/>In 2022, thousands of children, students and startups benefited from EPAM India's corporate social responsibility initiatives, including:<ul><li>EPAM eKIDS Program:&nbsp;More than 12,000 students (48% girls) from under-represented communities, received access to high-quality computing education across&nbsp;India.</li><li>Global Wild Wisdom Challenge:&nbsp;More than 25,000 children from nearly 400 schools helped accelerate tiger recovery efforts and raise awareness of the ecosystems in which they thrive, as part of an initiative in partnership with World Wildlife Fund India.</li><li>#GreenTech Revolution:&nbsp;Under EPAM's Social Impact Innovation Program, startups from the clean tech, environmental tech and waste management sectors were provided equity-free grant funds, incubation for up to six months at Atal Incubation Centre – IIIT Hyderabad, and mentorship from EPAM experts for their innovation and entrepreneurship to sustainably solve pressing social challenges.</li></ul>"EPAM not only relentlessly pursues the best technology solutions for our customers, but also integrates acting for good into everything we do," said Shamilka Samarasinha, Global Head of Corporate Social Responsibility at EPAM. "Our community involvement programs are aligned with the United Nations Sustainable Development Goals to achieve a better, more equitable future for all. EPAMers worldwide engage with their local communities through education and innovative programs, giving back by volunteering their time, talents and experiences to make a positive impact. I would like to thank the jury, our partners and all EPAMers who participated and continue to make these initiatives a tremendous success."The Golden Peacock Awards, a benchmark of corporate excellence worldwide, honors the achievements of top-performing organizations that improve the quality of life for their workforce and communities. The award selection jury included the Chairmanship of Hon'ble Justice&nbsp;M. N. Venkatachaliah, former Chief Justice of&nbsp;India, former Chairman of the National Human Rights Commission of&nbsp;India&nbsp;and National Commission for Constitution of India Reforms.Learn more about EPAM's approach to corporate responsibility at:&nbsp;<a href="https://www.epam.com/about/who-we-are/corporate-responsibility?utm_source=pr-newswire&utm_medium=press-release&utm_campaign=esg&utm_term=golden-peacock-award&utm_content=epam-india" target="_self">www.epam.com/about/esg</a>ABOUT EPAM SYSTEMSSince 1993,&nbsp;EPAM Systems, Inc.&nbsp;(NYSE: EPAM) has leveraged its advanced software engineering heritage to become the foremost global digital transformation services provider – leading the industry in digital and physical product development and digital platform engineering services. Through its innovative strategy; integrated advisory, consulting, and design capabilities; and unique 'Engineering DNA,' EPAM's globally deployed hybrid teams help make the future real for clients and communities around the world by powering better enterprise, education and health platforms that connect people, optimize experiences, and improve people's lives. In 2021, EPAM was added to the S&P 500 and included among the list of Forbes Global 2000 companies.&nbsp;Selected by Newsweek as a 2021 and 2022 Most Loved Workplace, EPAM's global multi-disciplinary teams serve customers in more than 50 countries across six continents. As a recognized leader, EPAM is listed among the top 15 companies in Information Technology Services on the Fortune 1000 and ranked four times as the top IT services company on Fortune's 100 Fastest Growing Companies list. EPAM is also listed among Ad Age's top 25 World's Largest Agency Companies for three consecutive years, and Consulting Magazine named EPAM Continuum a top 20 Fastest Growing Firm.<a href="https://www.indiatoday.in/pr-newswire?rkey=20230208EN09737&filter=4315" target="_self">https://www.indiatoday.in/pr-newswire?rkey=20230208EN09737&filter=4315</a>

EPAM India Wins Golden Peacock Award for CSR Programs

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EPAM India received the 2022 Golden Peacock Award for Corporate Social Responsibility [IT Sector] in the areas of education, environment, social innovation and community. 

A digital transformation journey is complex because it depends on multiple interlinked elements at every stage. Along with technology, data, and infrastructure, managing change is critical for obtaining the expected business outcomes. Driving the program with agile methodology, having checkpoints at every stage, and the acceptability of the new digitised processes by people are vital factors determining the quality of delivery. Keeping the consumer mindset in view and seeking a capable team to support the program are fundamental for the successful delivery of a program. Though several aspects contribute to the successful delivery of a transformation program, three are the most important.1. Obtaining Desired Business Outcomes Obtaining desired business outcomes is the goal of any transformation program. The decisive point for beginning a transformation program is to have the same understanding of the business outcomes and desired Return-On-Investment (ROI) between the client and implementation partner. This understanding is reached during the analysis or discovery phase. The discovery phase helps the clients have better insights regarding business requirements, correct success parameters, and priorities. The program elements that require transformation and the related rationale are also analysed. This phase enables the implementation partner to define the value proposition that can be offered to the client. It is common that programs sometimes wrap up after the discovery phase because an extensive transformation is deemed unnecessary or the ecosystem needs to be more mature for the change.Some of the key stakeholders engaged in the analysis phase include the Chief Experience Officer (CXO), industry domain experts, business consultants, enterprise architects and client transformation sponsors for providing strategic and technical consultation. In addition, the agile transformation leads and change experts decide the appropriate framework for the change at this stage and change specialists with agile mindset help in designing new processes leading to desired business outcomes.It is essential to meticulously map old processes to new, transformed or digitised ones. Simulating the new processes with data and intelligence of manual steps helps to check if the desired outcome will be delivered post-implementation. It also helps to measure success at each stage, assess how new processes add value to the overall transformation, identify dependencies and reduce the risk of the program going wrong.2. Designing the Digital Landscape with the Right Mix of Technology and Experience Customer centricity is the driving factor in deciding the digital IT landscape, which is a mix of experience, data and infrastructure. An intuitive and immersive experience must be designed first, allowing the seamless embedment of technology into the experience later. The usage of correct data for different types of users is also required to add intelligence to the experience. Selecting appropriate channels to collect the data is vital for creating a holistic 360-degree customer view. And lastly, the infrastructure is the enabler of converting the design into reality and a combination of the 3 S’s – Skills, Speed and Spend. Deciding on the appropriate infrastructure means choosing the right mix of hybrid, private and public cloud. Understanding business flows and technology stack is a prerequisite for re-engineering the solution on the modern cloud platform. 3. Core Engineering Skills for a Successful ImplementationThe key to a successful implementation is having a team of capable engineers with the right skill sets. Today, many frameworks and platforms are available in the digital domain with built-in functions. Many scenario-building and consulting for different clients are done based on features that these platforms and frameworks provide. Thus, knowledge of the platforms and frameworks is essential to implement the idea to deliver maximum client benefits. However, core engineering skills are fundamental to ensuring high-quality delivery and consulting. Digital technologies are evolving practically every day and a strong command of base languages and design principles in the team is crucial for successful implementation, which means a program that does not run into scalability or performance issues at later stages.Therefore, beginning the transformation journey with a thorough understanding of desired outcomes is crucial. It paves the foundation for a successful transformation program. Strategic and technical consultation from domain experts is the key facilitator keeping the program in the right direction. The core engineering and skills of the team are the tools to deliver the expected output. Author: Vanita Aggarwal, Head Digital Engagement Practice, India <a href="https://www.expresscomputer.in/guest-blogs/delivering-winning-digital-transformation-programs/94054/" target="_self">https://www.expresscomputer.in/guest-blogs/delivering-winning-digital-transformation-programs/94054/</a>

Delivering Winning Digital Transformation Programs

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Keeping the consumer mindset in view and seeking a capable team to support the program are fundamental for a successful digital transformation journey. EPAM Leader Vanita Aggarwal discusses steps of delivering winning digital transformation
 programs.

Adaptive enterprises quickly alter practices, processes&nbsp;and strategies efficiently in response to change drivers of a&nbsp;highly dynamic environment,&nbsp;almost in real-time. The ability to ‘change’ at the ‘right speed’ is the fundamental characteristic of an adaptive enterprise. However, being adaptive is more than acquiring capabilities and speed. It requires a strategic perspective.Being an Adaptive EnterpriseAn adaptive enterprise must strategically embed four critical components in its approach:<ul><li>Agility&nbsp;as an integral part of innovating</li><li>Flexibility&nbsp;in decision-making</li><li>Robustness&nbsp;as the pillar of the organizational systems&nbsp;</li><li>Efficiency&nbsp;as a goal driving organizational behavior&nbsp;</li></ul>These four key components of an adaptive enterprise&nbsp;are interdependent. For instance, organizational architecture and leadership vision supporting flexibility aid the agility of an enterprise. Similarly, the robustness of internal systems is necessary to facilitate a company’s agile approach and flexible conduct. A combination of flexibility, agility and robustness leads to efficiency. There could be several other permutations and combinations of the four components of an adaptive enterprise.&nbsp;Organizations could take advantage of the fast-changing market&nbsp;by being adaptive. For this, it is imperative to seek avenues to improve the four critical components of adaptive enterprise and their numerous&nbsp;combinations and permutations. Artificial intelligence (AI) is a critical instrument in this regard.&nbsp;It enhances the adaptive capabilities of enterprises and allows them to change at the electronic speed at which the digital era is transforming. Such merit of AI is valuable for creating&nbsp;unique customer experiences amidst the ever-changing expectations of customers.AI for Creating Unique Customer ExperiencesCreating unique customer experiences requires the optimization of various variables. This requires extensive data like consumer profiles, trigger points, most used channels by the target audience and more. AI tools are&nbsp;robust&nbsp;and immensely&nbsp;efficient&nbsp;in capturing and analyzing the high volume of data from ever-expanding sources.&nbsp;Capturing correct data is vital for creating meaningful customer experiences. AI provides machine intelligence to analyze valid and accurate data sets, providing a comprehensive view of consumer expectations.&nbsp;AI-driven automation enables faster processing of bulk data,&nbsp;aiding an enterprise’s robustness, agility and efficiency.&nbsp;AI-enabled solutions are endowed with cognitive processing like reasoning, problem-solving, and logical deduction. This is crucial in obtaining meaningful inferences from a massive consumer data repository and market insights. AI-driven tools can predict and analyze customer sentiments with real-time feeds, facilitating&nbsp;agility&nbsp;in strategy building. The sophisticated AI algorithms enable predictive, exploration and trend analysis to aid the&nbsp;efficiency&nbsp;of enterprises in creating distinctively valuable customer experiences. AI-enabled trend analysis and pattern identification are also instrumental in swiftly detecting anomalies, supporting a&nbsp;robust&nbsp;system with greater control over data protection.&nbsp;AI also provides&nbsp;flexibility&nbsp;to ideate meaningful customer experiences. Fast and efficient AI-supported solutions save time.&nbsp; Time is a critical resource that customer experience designers and strategists could utilize to ideate for creating unique experiences and reshaping customer journeys.&nbsp;Keeping an Eye on the FutureAmidst the growing complexity of the business landscape and market volatility, being adaptive is the key for enterprises to create unique customer experiences. In this respect, future AI solutions coupled with human ingenuity and creativity will revolutionize the customer experience domain.&nbsp;The AI chatbot is no longer new to the present age but imagine an evolved version of it providing faster solutions and personal assistance with human empathy and sensitivity. In the future, personalized retail shopping experiences might not be limited to ‘recently viewed’ and recommendations based on previous purchases only. It could be transformed through AI-powered virtual shopping assistants offering unique and personalized consumer experiences.&nbsp;&nbsp;Many more possibilities for creating unique customer experiences can be unlocked using AI. However, the underlying point remains: ‘AI makes an enterprise more adaptive.’ Its outcomes are highly beneficial for creating immersive and meaningful customer experiences. &nbsp; Author: Srinivas Reddy, Head GDO India <a href="https://timesofindia.indiatimes.com/blogs/voices/how-artificial-intelligence-is-making-organizations-more-adaptive/" target="_self">https://timesofindia.indiatimes.com/blogs/voices/how-artificial-intelligence-is-making-organizations-more-adaptive/</a>

How Artificial Intelligence Is Making Organisations More Adaptive

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Amidst the growing complexity of the business landscape and market volatility, being adaptive is the key for enterprises to create unique customer experiences. In this respect, future #AI solutions coupled with human ingenuity and creativity will revolutionise the customer experience domain – Srinivas Reddy, Head GDO, EPAM India. Read more about Srinivas’s insights on how AI is driving adaptive enterprise here.

Nearly 97 million jobs are estimated to emerge in less than a decade. However, the right talent is needed to capitalize on the promising global growth trend. India could have a resource pool surplus by 2030, but the shortage of relevant skills is expected to persist. Focusing on skilling and upskilling talent is imperative to enhancing employability. Fortunately, several progressive enterprises are recognizing their role in improving the employability of the future workforce and leveraging their resources for this. Enhancing Employability of the Future WorkforceImproving the industry readiness of graduates should be the strategic focus for building a skilled and employable future workforce. This could dramatically reduce the time lost in integrating new employees with the corporate structure and bringing them up-to-par with the industry’s expectations. Faster assimilation into the company gives more room to the workforce for their professional development and career progression.Companies must foster an ecosystem of continual learning to build a skilled and industry-ready workforce. For this, providing access to knowledge along with formal training is crucial. Training that encompasses industry best practices and real-life business use cases is fundamental. Cultivating a mindset of learning is also vital to navigating the ever-changing technology landscape. On-the-job training and learning programs for skilling, reskilling and upskilling the current workforce are necessary too. With enterprises needing to be adaptive in the present global environment, comprehensive learning programs can be leveraged to develop an agile, adaptive and skilled workforce, benefitting employees as well as enterprises.A Blueprint for Fresh Talent Learning ProgramEPAM Systems is a leading digital transformation services and product engineering company. The company’s India division created the EPAM University Program (EUP) - a unique learning program that enhances fresh talent's employability and industry readiness.EUP offers a 12-week extensive training program called EPAM Center of Excellence (EPAM COE) with a 'Train the Trainer’ approach. It involves training faculty members of various academic institutions in five in-demand technical streams: Java, .Net, Front-end, Automation Testing and Cloud & DevOps. After completing the training, faculty members train the students of their respective institutions. The ‘Train the Trainer’ approach is an effective way of integrating industry knowledge with academia, thus contributing to closing the education-employability chasm. Through this program, EPAM empowers its people by helping them upskill themselves as mentors and leaders. The program equips students with professional skills and knowledge of real-life business scenarios while pursuing academics. This improves the industry-readiness of students and provides them with a significant competitive edge at the beginning of their careers.Pre-Education Program (PEP) is another important initiative of EPAM. It is a pre-employment training program for pre-final and final-year students to enhance their employability. PEP offers training on fundamental theoretical and practical knowledge of various in-demand technical skills like Java. It also focuses on motivating students to be proactive in learning relevant and essential skills required for their careers as software engineers. As an employability-focused training program designed for students about to begin their professional journey, PEP provides a substantial thrust to their careers’ take-off.More than 80% of the PEP 2021 students received immediate employment opportunities from various tech companies, including EPAM. One hundred faculty members from 58 colleges were engaged in PEP 2021, compared to 40 faculty members from 19 colleges in PEP 2020. The year-over-year increase in the participation of academic institutions suggests a growing culture of learning and growth. In 2022, more than 80 EPAM trainers trained nearly 175 faculty members from 52 institutions benefitting many students. The success of EPAM’s PEP and COE indicates their potential to build a resource pool fulfilling the market's current and future technology demands.The FutureEPAM aims to strengthen its efforts regarding learning and training programs. It seeks collaborations and partnerships with academic institutions and other agencies for skilling and upskilling the future and the current workforce. With an approach of adapting and evolving with the fast-changing market, a collective effort could benefit the community by building a skilled future workforce. <a href="https://www.businessworld.in/article/The-Role-Of-Enterprises-In-Bridging-The-Education-Employability-Chasm/08-12-2022-457191/" target="_self">https://www.businessworld.in/article/The-Role-Of-Enterprises-In-Bridging-The-Education-Employability-Chasm/08-12-2022-457191/</a>

The Role Of Enterprises In Bridging The Education-Employability Chasm

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EPAM India’s University Program is a key initiative that is helping bridge the chasm between education programs and employment readiness. Read this article here to know more about how we are driving this. 

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