BANGALORE: Infosys
today announced that product engineering services contributed 10% to total
revenues in 2005-06 and employed approximately 5000 people.
The investment in R&D was 1.2% of total revenues. The Infosys product
engineering services portfolio includes work across sectors like hi-tech,
telecommunications, automotive, aerospace, industrial products, heavy machinery
and consumer appliances.
The thrust areas for Infosys go beyond these services to encompass the entire
cycle of business model competitiveness for clients and itself through
technology and business innovation.
As Infosys penetrates every entry point in the product lifecycle, it
experiences a close working proximity with various stakeholders in the value
chain. Kris
Gopalakrishnan, chief operating officer, Infosys Technologies Ltd., said,
“Infosys works with the creators and end-users of technology. Our engagement
with the creators of technology - usually product engineering companies - helps
us gain early visibility into technology and aids us in co-creating new products
and services in their industries. As a result, Infosys enjoys better
understanding of the needs of the ultimate end-users of technology.”
Infosys has actively fostered a culture of innovation across the organization
by pioneering unique technology and business practices. This is different from
innovation conducted across product companies since the requirement for services
innovation is unique. The Software Engineering and Technology Labs, which
spearheads Infosys's commitment to innovation and Intellectual Property (IP)
development, generated over 82 invention disclosures and filed over 20 patents
in 2005-06. Nearly 300 researchers are engaged in creating methodologies,
frameworks, tools and service platforms that address clients' business
problems.
Through its Domain Competency Group and Software Engineering and Technology
Labs, Infosys researches and engineers new solutions tailored for its clients
and their respective industries. More recently, with Infosys Consulting, Infosys
has enhanced its ability to provide strategic and competitive analysis and
complex operational consulting services. Technology can play a big role in
providing a view into the future and Infosys is actively investing and
collaborating with its clients to create future enterprise frameworks and
co-create the future with them. Infosys has attained significant momentum in
this exercise with clients from the energy and retail verticals.
“At Infosys, innovation occurs at the business model level as well,” said
Kris. “Information technology is a key enabler of business strategy innovation
worldwide but the pace of change means that it is not always easy to identify
and harness new
technologies ahead of the peers in the Industry. Through our
collaborative-distributed-development model, we have not only been able to
provide innovative services and solutions to our clients but have also
transformed ourselves to keep pace with the dynamic global market.”
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