Industry News

Tech Mahindra acquired The BIO Agency

India: Tech Mahindra, an Indian technological giant has acquired UK based digital transformation named The BIO Agency Ltd to strengthen its digital portfolio including digital strategy, service design and customer experience services.

The BIO Agency Ltd. specialized in digital transformation and innovation that helps organization to engage their customers. In addition, The BIO Agency offers digital strategy service design, connected products, digital retail, product innovation and e-commerce solutions.

C.P. Gurnani, the Managing Director & Chief Executive Officer of Tech Mahindra said that the acquisition between the both companies would enable to provide the digital services to the companies. In addition, Tech Mahindra will also continue to invest in its employees and developing proprietary solutions.

TechSci Research depicts that with growing technology advancement, favourable government policy, increasing focus towards customer engagement and satisfaction is driving the demand of digital transformation of the companies. The companies across the world are adopting modern technologies such as IoT, Cloud, Mobility, etc. to transform their operations and earn higher revenue.

According to the recent report published by TechSci Research, India Internet of Things (IoT) Market Forecast and Opportunities, 2020”, India IoT market is projected to grow at a CAGR over 28% during 2015- 2020. IoT is being rapidly brought into use across diverse industry verticals to reduce operational and manpower costs, and increase operational efficiency. Consumer electronics, automotive & transportation, BFSI, home & building, energy & utilities, retail, supply chain & logistic sectors, and manufacturing are the key emerging application areas where IoT technology is majorly being adopted.

With growing need for connectivity among devices, systems and services using variety of protocols and domains; automating business processes; and real-time monitoring & tracking of services and systems, Internet of Things (IoT) technology has been gaining increasing market traction over the last few years. In the IoT concept, a ‘Thing’ can be any natural or man-made object that can be assigned an IP address and provided an ability to transfer data over a network.

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