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23 January, 2019
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Mindtree to Reshape Strategy Around Business Subscriptions

27 November 2018
IT and outsourcing provider Mindtree is sharpening its focus on AI and software solutions that it can provide to users on a subscription basis.

IT and outsourcing provider Mindtree is sharpening its focus on AI and software solutions that it can provide to users on a subscription basis. The driver behind this strategy is a shakeup in the services sector, which the company expects will unfold over the coming five years.

The Bengaluru-based IT firm comes at a time when over 50% of its income is made up of digital services. This, according to a Mindtree press release, has led to unsustainable growth, as clients demand increasing productivity at lower costs.

The company has already developed solutions targeted at solving specific problems of a client that it can take to other clients. “I believe that is the way our company will develop over the coming 5 Years,” Ravanan claimed. “Saas is less than 1% of our income currently. In the coming 5 Years, the company will majorly move to a subscription model.”

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