Tech Mahindra’s mission TechMNxt is designed for pre-empting and anticipating customer’s evolving and dynamic needs for enhanced intelligence and collaborative disruption
Tech Mahindra’s annual revenue for 2018-19 was USD 4,900 Mn, as compared to 2017-18’s US$4,778 Mn. Tech Mahindra’s mission TechMNxt is designed for pre-empting and anticipating customer’s evolving and dynamic needs for enhanced intelligence and collaborative disruption and aims to explore emerging technologies like 5G – Network of the Future, Artificial Intelligence, Automation and Robotic Process Automation, Blockchain, Cybersecurity and Internet of Things. The underlying priority is the application of the trending technology to solve real business problems of customers.
To achieve TechMNxT, the company worked out it’s “3-4-3 strategy” where they have identified and pre-empted 3 mega industry trends, made 4 big technology bets, and aligned themselves to 3 key objectives to meet customers’ expectations and requirements in each vertical, competency and business line.
The 3 industry trends are Explosion of Connected Devices, 5G & Beyond, and Video on All Devices; the 4 technology bets include Network of Future, Connectors of the Future, Software of the Future and finally Customer Experience of the Future; and the lastly the 3 key objectives are actually 3 business outcomes – Run Better, Change Faster, and Grow Greater. TechM’s understanding is that each Industry has its own set of trends which gets delivered by the 4 bets leading to the 3 outcomes. This includes strategic acquisitions, partnerships, and investments.
TechM big global deals came in verticals including healthcare, media and entertainment, online digital, telco, technology and imaging, information and communication technology, OEM, financial services, logistics, manufacturing, medical technology, energy, insurance, automotive, smart city implementations across geographies including US, Japan, UK, Canada and other countries across Europe, Asia, Africa, West Asia, Australia.
These include the strategic deal with AT&T to accelerate AT&T’s IT network application, shared systems modernization and movement to the cloud ; collaboration with Indian Navy to create an RFID-based secured digital access control system; Digital transformation (enterprise modernization) for Coal India; a Distributed Ledger Technology (DLT)-based solution to build a robust ecosystem in line with the regulations issued by TRAI (Telecom Regulatory Authority of India); with the state government of Andhra Pradesh to establish country’s first Cyber Security Operations Centre (APCSOC) in the city of Vijayawada to deliver excellence and value in the cybersecurity space.
A 5G Centre of Excellence (CoE) powered by Intel technology has been set up in Redmond, Washington and Bengaluru. They also announced ‘Video Integration and Engineering’ ( VIE) business unit to leverage cutting-edge technology and solutions to cater to the heavy demand of video services in the 5G ecosystem. Other significant collaboration worked out include with Rakuten Mobile Network Inc. - for building world-class, next generation (4G & 5G) Software Defined Network laboratories; with US based Orbic to codesign and co-create a 5G device portfolio including a Smartphone, Tablet, Hotspot and Home Router in India and the US, for the global markets.
—C P GURNANI MD & CEO, Tech Mahindra