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.