R&D continues to be an important driver of product development organizations. Over $560 billion was spent in 2013 for R&D.
Mindtree was rated overall in the top quadrant by Zinnov, The study titled "Global Service Providers Ratings 2013", is an annual study undertaken by Zinnov to assist business leaders in spearheading global engineering initiatives and enable them make right decisions in partner selection across geographies.
Being in the overall leadership zone means that Mindtree meets the following criteria for both innovation and delivery:
Business models in enterprise consumer, e-commerce and web 2.0 space are a mix of both traditional models such as Fixed Price and T&M and business models such as R&R and revenue share.
Mindtree is helping ISVs bring their products faster to the market by offering solution accelerators, frameworks and reusable code templates. Mindtree is also making in-roads in emerging areas such as new media, next generation web-commerce and interactive & social web strategy. There is a strong traction building from enterprise 2.0 offerings such as social integration of apps, sales force.com, azure migration, m (mobility) enablement of desktop native apps etc.