Tech Mahindra Builds Up Innovation Lab to Push Digital Play

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Tech Mahindra, India’s fifth-largest IT services and solutions provider has announced the setting up of “Makers Lab,” visualized as a laboratory for innovation within the company. Makers Lab will have 40-50 people, selected to identify delinquent areas in its divisions or at the client’s end and arrive at solutions.

A year or two back, the debate was focused on becoming digital with dev-ops and automation. The company felt there was much more to be done around IoT , visual reality, augmented reality and other related technologies. Then they started creating proof of concepts on certain technology and then showcasing it to the customers,”.

Their main initiative is aimed at boosting up the effort to increase its digital revenues. At present, the digital contribution to revenue is 35 per cent; the target is 50 per cent by 2020.

The announcement also accords with the company’s third Mission “The Innovation Program” that engraves into the eco-system of employees and customers to come up with innovative ideas that can later be used to counter problems.

“This is the third year of ‘Mission Innovation’ and the theme this year is ‘Digit All’ that is dedicated on technologies like VR and AR, as we saw two-three used cases being propelled in the market. This includes Samsung Gear and Microsoft’s HoloLens,” said Atul Kunwar, President and CTO, Tech Mahindra.

In the last few years, several such ideas have arisen into platforms. One of the platform is IRMS which is currently being used by a famous US-based insurance firm. “In US, insurance firms to come up with an insurance figure which depends on a lot of historic data. One of the ideas was to use a drone to capture visuals of a property from different angles to come to an end perspective. This gave the insurance firm a better way of evaluating a property. Today this solution is being used by numerous firms in the US, Kunwar added.