Annual Report 2016-17

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Annual Report 2016-17 • 145
data. Each of these can be independent functions, but it is when they are integrated together that they provide those
coveted “aha” moments and deliver the most value. :ithout integration, most of those functions are simply discrete
components used individually. For e[ample, just collecting and storing data from a large number of sensors is useful but
does not provide much value beyond record keeping. It is the analytics engine that provides actionable insights from
this data to bring in true value. Applications make use of the analysis to improve functionality or provide rewarding
end-user e[perience.
Even though there are numerous proprietary IoT platforms currently available, with a wide variety in both functionality
and implementation, there are common basic elements in most. :e, at Persistent, believe in providing end-to-end
IoT platform that is foundational, scalable, and e[tensible. :e also emphasize on security considerations which are
paramount in the design of an IoT platform. This encompasses almost every component of an IoT platform. It is
absolutely necessary to design every component and every interface in an IoT system with security considerations in
mind – everything from data security and privacy to data integrity and network security. It is our belief that IoT (Internet
of Things) is nothing short of the 21st century equivalent of the Industrial Revolution.
:hile we talk about our journey into the world of ‘Digital’ and ‘IoT’, we also are reinventing our operating model of
services into Ne[t Generation Services thereby giving value propositions to the clients. As transformation takes center
stage, customers are making faster decisions on technology spend and are increasingly looking for partners whom they
can trust in their transformation journey. It is resulting into faster adoption of newer technology (e.g. Chatbots went
from hype cycle to adoption in mainstream business process in short time frame). Every organization is relooking at
data as the core of their business.
:e have built deeper relationship with key clients and will continue to focus on bringing the best of Persistent to
solve business problems and help them become software driven business. :e will continue to build solutions for digital
world using data at the core of software driven business. :e will invest in newer technology and pre-build solution for
micro-verticals like healthcare provider, loan origination, KYC, Insurance claims, Digital media content distribution etc.
:e strongly believe that digital India will be signiocant transformation for India and has tremendous potential for us.
It is not just about implementing a new technology solution anymore. It is about helping clients harvest the power
of digital technologies and achieve specioc business outcomes like growing revenues, reducing operating costs, or
mitigating risks.
Focus on IP
Nonlinear growth through focus on IP continues to be a core part of our strategy. Accelerite has built a set of connected
infrastructure products that help a modernizing enterprise realize its growth opportunities. :e have developed Rovius,
a private cloud in a bo[ that is available for use in hours instead of weeks and scale to support large ecosystems as
big as public cloud with the same capabilities and ease of use. Rovius works on the e[isting hardware making the
transition cost effective, quick and sustainable. ShareInsights lets enterprises analyze unlimited quantities of structured
and unstructured data from any internal or e[ternal source to derive insights not possible before. Concert and Radia
provide the ability to create and deploy dynamic user e[periences that can integrate mobile and connected devices.
/astly, we secure everything from chip to cloud using Sentient to monitor all the infrastructure component real-time to
ond and o[ breaches as they happen.
Expanded global presence
The Company has e[panded its business across multiple geographies during past one year. Spread across 10 countries
and 19 Development Centers across the globe, the Company has become truly global. This spread brings in opportunities
and challenges that need to be addressed on a regular basis. Being global brings clear strategic beneots: the ability to
access new customer markets, new suppliers, and new partners. These immediate beneots can also create secondary
ones. Building a customer base in a new market, for e[ample, provides familiarity and relationships that may enable
additional investments say, in a research center. Diversity of customers, geography, client concentration and business
offering provide some resilience from drastic changes in market conditions.
:ith e[pansion of business globally, we have also integrated various cultures and people seamlessly. The vast reserves
of skills, knowledge, and e[perience within the global workforce at our various development centers across the globe
represents an invaluable asset. Global centers across different countries like Unites States of America, Malaysia, France,
Sri /anka, Me[ico, Israel, Canada, United Kingdom etc. are managed by local Center Heads native to the country. Recent
business growth also enabled us to onboard many women leaders who are efociently managing global centers. This
diversity in ethnicity and gender has been a hallmark of the Company over past few years and indicative of further
direction.