Advertisment

Innovation contributes 5 p.c. of Wipro revenues

author-image
CIOL Bureau
Updated On
New Update

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.

Advertisment

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.

Advertisment

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.

Advertisment

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.

© CyberMedia News

tech-news