Industry News

Tech Mahindra focuses on digital technologies, plan to invest in 22 platforms

India: The fifth largest IT service provider in India, Tech Mahindra has strategized to invest in Internet-of-Things, Automation, and artificial intelligence.

The company is planning to invest in startups, seek external investors to fund some internal divisions, focus on partnering with technology providers for business expansion and develop new business models.

As per the company official, the company aims to become the digital technology company from an IT & engineering service provider.

Tech Mahindra has about 22 platforms and all are at different stages of life cycle. About 14 platforms have clients and others are still in pilot phase. The company aims to replace the processes with the platforms.

The company held its Mission Innovation 2016 event in Hyderabad earlier this week, where it showcased artificial intelligence and machine learning platform - TACTiX; predictive analytics platform - PRISM; and a robotic process automation platform -UNO.

According to the TechSci Research, the technology giants in the country are joining the digital technology wave to bring digital transformation for their clients.

According to the recent market research report published by TechSci Research, India Internet of Things (IoT) Market Forecast and Opportunities, 2020, 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 in Indian market. The report forecasts that IoT market in India to grow at a CAGR over 28% during 2015- 2020.

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