Products and platforms are increasingly becoming the buzzwords in India's traditional IT services industry. Mindtree has created a new centralized CTO office, which will lead its technology thrust across three levers - platforms and products, strategic technology group, and innovation evangelism & IP (intellectual property) creation. It's a sign that the $500-million company wants to move more rapidly up the technology value chain.
Mindtree expects products and platforms to accelerate its non-linear revenue play - delink revenue growth from the traditional headcount model. The company has already invested in VMUnify Cloud Management and Orchestration platform and the Intelligent Video Surveillance System.