In a recent interview to the CNN the CEO of Google Eric Schmidt stated that his company is patient and wait for the big companies to switch to Cloud Computing as they have already invested large amount of money as Capex in the existing hardware and software.
The topic may sound a bit wooly but it essentially means turning hardware and software requirements of existing companies in to a commodity and shared utility like electricity or telephone net works.
Indian tech companies have already turned Saas, “Software as a service” into a commodity although they do not say so but where they make their money is by churning out the same product for different companies.
The next logical transition when ever it takes place would be for existing businesses, no doubt first in the U.S to share these standardized and universal Apps and only pay for that there by reducing their Capex, which will then become operational expenditure.

Cloud computing, at the present stage does pose some problems like security of data and other legal problems which no doubt can be circumvented when competitors choose different providers rather than the same ones.

Are Indian companies ready for the challenge or would they prefer to play lackeys to the big daddies? The answer would more likely be later. They may be also be acquired or probably continue doing the work for the big players. It is for certain that they would not let go off the advantage of cost.

Where would that leave our techies? Frankly they would be advised to take that visa when the next wave begins. Till then they would be advised to acquire skills in soft commodity development.