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Infosys is planning to evolve its business model by partnering with global clients to build intellectual property assets.
“The central piece of ‘Building Tomorrow’s Enterprise’ framework is what we are doing for co—creation (of intellectual property assets). It also includes the restructuring that we have done and the leadership that we have put in place,” Infosys CEO & MD, S D Shibulal said here.
At present, IT service companies have earned revenues by employing resources at a per hour basis for clients’ projects without any major investments.
“The purpose is to increase the results for our clients, create a balanced portfolio...create non—linearity between efforts and revenue and evolve the business model going forward...Innovation plays an important role here,” he added.
Based on conversations with its clients, Infosys has organised workshops on various themes, some of which have led to closing of deals across consultancy, system integration as well as in products and platforms space.
Infosys had announced its new business strategy, Infosys 3.0, as part of which the company decided to work on more transformational projects with the business side of clients instead of just the IT functions.
The new strategy intends to transform Infosys from a technology solutions company to a business solutions provider.
Infosys remains confident of its new strategy bearing desired results and Shibulal said it is making the “right investments” for the future.
Infosys, along with other IT services companies, are increasingly experiencing slowdown in traditional IT outsourcing environment amid a gloomy global economic environment and rapid changes in technology consumption.
“We are looking at building IP assets ourselves and we will also partner with our clients to co—create (assets) as this will be crucial. We will also look at acquisitions ... to convert it to products and platforms,” Shibulal added.
In line with strategy, the company has also launched a product experience centre in London which aims to showcase different technologies for to help clients optimise their revenues and reduce operational costs.
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