VEKAN TECHNOLOGIES PRIVATE LIMITED

In their own words

There has been a big boost in digital transformation deals in the post-covid era. Technology service providers are witnessing a 30% growth in digital deals. This is an 80% jump in cloud spending and a 15% rise in customer experience spending since the coronavirus outbreak. The sudden increase in demand for new-age technology talent has led to a huge talent gap for Captive Unit in India and large IT service companies providing services to international clients. This deficit in talent is there to stay as every large organization across globe is going through digital transformation and moving to cloud based services. One of the ways companies are trying to overcome this problem is by engaging smaller IT vendors who have ready to deploy talent pool. This gives companies’ ability to scale their team, build talent pipelines, access talent for hard-to-fill positions, and be on-board for critical roles quickly based On-Demand need. However, getting Talent from multiple smaller IT vendors comes with its own share of challenges as mentioned below- Challenges for Captive Units or Large IT Service companies in engaging multiple vendors • Finding the right and reliable Vendors is a tedious task: With a lot of vendors specializing in certain technologies, identifying the right vendor at the right time who has resources readily available is a difficult task. • Managing a large number of vendors • Ensuring that the vendors are compliant Challenges for Vendors • High cost of business development to approach multiple Companies/Clients • If the resource come on the bench and the vendor is not able to place him/her with another client, they still have to incur the cost of their salary Vekan Technologies is working toward building an AI-based Business to Business (B2B) platform which will be an aggregator for Companies looking for IT Talent and Vendors providing IT Talent. The platform will be enabled with cutting-edge technology for connecting Companies and vendors. Companies can get multiple verified vendors on one platform for all their On-Demand IT talent needs. Vendors can get access to multiple companies listing their On-Demand needs The platform will be integrated marketplace where companies can get IT talent for their On-Demand open positions from ever expanding network of thousands of verified and proven vendors. The AI engine will help companies connect with vendors based on their pre-set criteria Benefits for Companies and Captive Units in IndiaAI based engine connects companies to right vendors for their immediate talent needs. • Multiple verified vendors on one platform • Speed up time to hire • Can take up more projects in India which may otherwise lost to location in other countries. • Reduce cost of fulfilment from vendors Benefits to Vendors • Access to multiple companies/client on one platform • Reduced cost of business development • Better utilization of bench resources • AI based Insight into talent requirement trends which will help them in forecasting their hiring in future.

Written by the company on its public Startup India profile. Not verified by us.