Common Problem in IT Industry

Data Privacy & Compliance : Problem: Strict regulations like GDPR, CCPA, HIPAA. Impact: High cost of compliance, risk of legal penalties. Example: Companies fined for mishandling customer data.

Project Management Failures: Problem: Scope creep, unclear requirements, poor communication.Impact: Cost overruns, missed deadlines, product failures.Example: IT projects going over budget by 45% on average (per McKinsey).

High Infrastructure & Maintenance Costs: Problem: Cost of servers, licenses, cloud services, support.Impact: Strain on budget, especially for startups and SMEs. Example: Mismanaged cloud expenses due to lack of optimisation.

Global Competition & Outsourcing: Problem: Outsourcing creates pricing pressure and quality concerns. Impact: Job loss in local markets, inconsistent delivery. Example: Offshore development impacting local employment in Western countries.

Automation & Job Displacement: Problem: Increased use of AI and automation tools. Impact: Replacing low-skill IT jobs (e.g., manual testing, support).Example: AI-based chatbots replacing human support agents.