BANGALORE: IT services major Wipro
Technologies, which is scaling its competencies in R&D services and
product engineering, has now decided to make specific investments into
innovation. The company has structured a special new initiative called 'Quantum
Innovation'.
"We have identified four-five areas under the
program which will have specific investment and teams. We have identified areas
which require distinct focus including some product engineering and IP intensive
areas as well as potential market opportunities that we plan to ride on,"
said Ramesh Emani, president, product engineering services group, Wipro
Technologies.
According to sources, some of the areas identified under the program include
technologies that were acquired as part of Wipro's recent buy-outs such as
Enabler, Saraware, NewLogic and others.
Emani said that this program would be a broader extension of the Center of
Excellence (CoEs) that the company has set up around IT services and
technologies.
"The CoEs are giving us incremental value and contribute substantially
higher revenues. The Quantum Innovation program will take a much broader
view," he added.
Around 500 engineers are currently working on innovation-related projects at
Wipro. Emani said that the program would not be location-specific. Innovation
projects make up for five per cent of Wipro's revenues (around $100 million a
year). The company is gunning for 10 per cent revenue share from quantum
Innovation in three years time.
Analysts say that this kind of focus and differentiation could place Wipro in
good stead in the competitive global IT services market. "Indian service
vendors are realizing that services are not just about volume play. Wipro's move
is a harbinger that innovation will now come from value-based projects and not
just industry verticals," said Siddharth Pai, partner and MD, TPI India.
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