Company cited for leadership in Next-Gen ADM and BFSI Industry Quadrants
Mumbai, September 07, 2018 – Larsen & Toubro Infotech Ltd. (NSE: LTI, BSE: 540005), a global technology consulting and digital solutions company, has been recognized as a U.S. market leader for its Next-Gen ADM offering overall and in the BFSI segment by Information Services Group (ISG), a leading global technology research and advisory firm.
In the Overall segment, the ISG Provider Lens Next-Gen ADM Quadrant Report cited LTI’s idea-led innovation approach to delivering unique business solutions; the organization’s digital way of working (WoW), designed to deliver and amplify outcomes; and an IP-led growth strategy as key strengths that earned the market leader designation.
In the BFSI segment, the report highlighted LTI’s rich domain experience; next-gen solutioning in developing emerging technology solutions leveraging the next wave of the BFSI client investment; and co-innovation initiatives and “finnovation” pods as major strengths.
Commenting on LTI’s recognition, Ashish Chaturvedi, ISG principal analyst and author of the report, said “LTI is among the few midsize providers that can cover the entire value chain of next-gen ADM services. Its focus on creating IP in emerging areas, cloud-based offerings and decentralizing digital value creation is bound to accelerate its top-line growth.”
LTI was also recognized as a Product Challenger in three segments – Agile Development, Continuous Testing, and Next-Gen ADM – Manufacturing. The report highlights LTI’s data-centric testing offerings, along with unique testing solutions like Big Test, RADAR, PLATO and DiCE to deliver services and products of the highest quality standards. Additionally, LTI’s Next-Gen ADM Manufacturing capabilities focus on providing a wide spectrum of solutions, industry-specific tooling, and digital focus that bring innovative solutions to the new-age business challenges of the Manufacturing industry.
The ISG Provider LensTM report recognized LTI’s extensive experience in working with both packaged and custom software, running multi-year maintenance deals, and a growing digital portfolio, as factors that make it an attractive alternative to large multinational providers. In the BFS space, the report mentioned the organization’s full-stack of banking and insurance offerings, covering both traditional and digital business areas of banking, financial services and insurance organizations. Along with an expanding partner-ecosystem, the report considered LTI to be well positioned to cater to the new-age digital problems of the U.S. BFSI industry.