Sikka lists 5 pillars of renew-new strategy

Shouldering the responsibility of guiding towards the company’s aspirational goal of $20 billion in revenue terms, Infosys CEO Vishal Sikka has outlined how a next-generation services company will satisfy client needs.

Speaking on Day 2 at the Infosys Confluence in San Francisco on the theme ‘The Human Revolution: Building the Next-Generation Services Model’, Sikka said many industries are experiencing fundamental and structural changes. Efficiency and effectiveness are but two dimensions of this as business increasingly turns towards a services model. That is just a stepping stone to re-imagining applications for a better world, he was quoted as saying by blogger Den Howlett.

“Moore’s law has proven remarkably accurate and allows us to predict with reasonable certainty what is round the corner. In fact you can say we don’t need to predict because we can already see and with that in mind it gets a lot easier to start imagining the future,” Sikka was quoted as saying.

Infosys Confluence is a global thought leadership summit that brings together leaders from across industries to explore how technology can help enterprises do more.
Conceding that transformation unfolding in a complex world is also impacting his own company, Sikka said the ‘renew-new’ strategy will help to tide over the difficult situation. “Renewal is about taking what we already know and making it operationally efficient and simpler. It is a way of releasing resource to creativity for the new, the things we can imagine. It is all built on a foundation of knowledge and learning,”  Den Howlett quoted Sikka as saying.

Sikka conceptualised the Infosys renew-new strategy on the five pillars of knowledge-based capture that allows for learning; simplification leading to cloud; automation resulting in operational efficiency; APIs leading to new user experiences; and finally, innovation as the pathway to new applications and new frontiers.
Commenting on it, he said, “These five steps are not all or nothing, any one of these can be done by itself and produce value, but it is something that is absolutely necessary and the time for this has already come.”
During the fourth quarter results announcement at Chennai on April 24, which was poorly received, he had said his philosophy and sense was not to worry about transient things like this. “The need for an innovative company, need for a next-generation services company is here to stay regardless of these particular effects in energy, telecom, currency and so on,” he had said.
DH News Service