MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Industrial IoT growth of Infosys is positive due to 5G and engineering services.

Industrial IoT growth of Infosys is positive due to 5G and engineering services.

The engineering services business of Infosys is gaining traction in recent times due to the deployment of industrial IoT and software-defined 5G network applications. Although the company doesn’t classify its engineering service as a separate business unit, most of its offerings like robotics, IoT, and 3D printing are combined under their digital revenues. The digital business of the company contributed to almost 40 percent of the revenue for the quarter ending last December. Senior VP and Global head for engineering service of Infosys, Nitesh Bansal stated that engineering is one of the horizontal services that can serve all their verticals globally and also their new services are gaining momentum rapidly.

 Few businesses like mining are trying their best to explore and set up their own private 5G, especially in the US because they have a CBRS band that can be accessed freely. Similar to that IoT is also an integral part of manufacturing, automotive, public services, etc... Furthermore, Bansal stated that Infosys is witnessing a positive spike in the industrial IoT space and this has been the topic of discussion from the past 3 years or so in the company. Expansion is expected in 2021 and the engagement level is also expected to rise significantly.

YOU MAY ALSO LIKE

Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...

RECOMMENDED