Infosys has identified five strategic areas including transformational deals, large outsourcing deals, new engagement models as well as execution and talent management
The global economic downturn that has brought to a rude halt the high growth rate of the Indian IT industry has also spurred new thoughts, ideas and vision that have inspired industry leaders to chart the future on a different path.
Infosys Technologies Ltd has identified five strategic areas including transformational deals, large outsourcing deals, new engagement models as well as execution and talent management that will help to transform the company. "It is a matter of evolution, of increasing our addressable market space," says S.D. Shibulal, Chief Operating Officer, Infosys.
The company has always laid stress on innovation, and its R&D arm SETLabs was established to develop IP. But of late, as part of its new engagement model, the focus has changed to commercialising the IP from merely developing it. Infosys has also put in place in the last year or so a framework and a process through which employees can suggest solutions that can be developed.
"To commercialise, you have to add a few things: you have to patent them, make sure you are not infringing on somebody else's patent, make sure it has a product roadmap and make sure the product does not become stale in a very short time," says Shibulal.
Source: The Hindu Business Line
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