BANGALORE: “From service provider in 1980s to a multi-billion dollar global
company, innovation has been the main drive factor to company's growth,”
said AL Rao, chief operating officer, Wipro
Ltd, while addressing the CII Innovation Summit 2006, here today.
He said the company has 50 innovation projects across business unit and 500
committed resources working towards innovation projects and it contributes five
per cent of companys revenues.
On Wipro's sustained innovation, Rao said that the capability to innovate
is the single most factor to accelerate company's growth. It is not an
independent strategy; it is an integral part of the organization where every
employee has a key role to play.
The company follows bottom-up approach to built innovation process, which
consists of innovation projects, innovation champion, innovation council and IT
management council.
According to Divakaran Mangalath, CTO of the IT major, out of 200 ideas
posted by the employees, 30 per cent will be successful.
Rao said innovation encompasses four dimensions: Process, Technology,
Delivery and Business. Talking on process he explained the benefits of applying
LEAN technique, via., deduction of waste, cycle time and increase deployment
with effort gains of 10-15 per cent.
In the field of technology innovation Rao elaborated on how IP components
like Bluetooth, LAN, USB and 1394 have been used extensively to build and
deliver ready-made appliances to customers.
On the key challenges Rao focused on allocation of the best resources in
innovation process. Innovation requires long-term commitment and highly talented
resources.
Kris Gopalakrishnan chairman, CII
Karnataka, and COO and deputy managing director, Infosys Technologies, said in
his inaugural address, “Planning, deliberate actions, adapting the best,
sharing new standards are vital necessities to create a escape velocity - which
will be impossible to ignore. Ecosystem of technology in Bangalore has to be
created in such a way that the larger players should start replicating the
model.”
Sustained innovation and sustained activity is very significant to ensure
momentum of the engine, he said adding, the new perspective is the ability to
create escape velocity through scaled operation.
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