Infosys to chart new innovation & research path
With the world becoming increasingly value conscious, IT firms have started to focus on IP-related work, thereby bringing to the table innovative solutions that the client can deploy on a day to day basis. Business transformation is what customers want IT vendors to deliver today.
The traditional outsourcing model — which served the Indian IT industry extremely well for over two decades — is now being left behind by most players. Creating IP-based products in association with clients is something that is now being actively worked out. This will enable companies like Infosys to make use of the IP once the exclusivity clause goes out of the window, and the client too is happy as the cost of development will be split.
The traditional high-volume, low-margin services play has started to wear out the industry’s profit margins and is no longer sustainable. Gopalakrishnan believes a start has to be made now with regard to basic research. Things have to be worked out from ground up. “Emerging economies of the world are adopting cloud faster than others. Our aim is to derive 20% of the revenues outside the US and Europe. Who knows, that percentage may go up. We are clear about the fact that Infosys will go to the next level on the basis of the quality of its research. The company already has a time-tested product like banking software Finacle which is world-class. The
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