LTIMindtree and Microsoft Partner To Fast-Track Adoption of AI Solutions

LTIMindtree and Microsoft have formed a strategic alliance to accelerate Al-driven digital transformation for global enterprises

This partnership leverages LTIMindtree's industry expertise and Microsoft's cutting-edge Al technologies to help businesses transition from experimentation to meaningful outcomes.

The collaboration aims to fast-track the adoption of Al solutions and transform ambitious Al visions into actionable strategies. The collaboration also aims to enhanced customer experiences by embedding Al as a core business enabler, the partnership focuses on enhancing customer experiences, optimizing operations, and enabling data-driven decisions.

Microsoft and LTIMindtree will make joint investments in AI-powered solutions and create a joint go-to-market strategy.

Initiatives like Microsoft Copilot for Security and Sunshine Migrate are part of this collaboration, focusing on cyber defense and data modernization.

This partnership is poised to drive significant advancements in AI-led digital transformation, offering faster innovation, intelligent decision-making, and real-time insights that unlock new levels of growth and operational efficiency.

At the heart of this partnership is LTIMindtree’s vision of “AI in Everything, Everything for AI, AI for Everyone”. This philosophy centers on making AI not just accessible, but actionable for businesses. Whether it’s enhancing customer experiences, optimizing operations, or enabling data-driven decisions, the focus is on embedding AI as a core business enabler that scales innovation.

“This partnership with LTIMindtree highlights our dedication to work with partners, to deliver secure AI solutions that empower organizations to transform and thrive,” said Julie Sanford, Vice President, Business Management, at Microsoft. “With Microsoft AI services like Copilot and Azure OpenAI Service, LTIMindtree is poised to drive significant advancements in AI-led digital transformation”, she added.

“Through our strategic alliance with Microsoft, we’re bringing our AI vision to life in ways that truly drive results,” said Rohit Kedia, Chief Growth Officer, LTIMindtree. “The narrative isn’t just about adopting technology; it’s about transforming how businesses think, operate, and compete in the AI era. For our customers, this means faster innovation, more intelligent decision-making, and real-time insights that unlock new levels of growth and operational efficiency”, he added. 

LTIMindtree Opens its Regional Headquarters in Riyadh, Saudi Arabia

LTIMindtree, a global technology consulting and digital solutions company, announces the inauguration of its regional headquarters in Saudi Arabia’s capital, Riyadh, as part of the expansion in KSA and the Middle East.

The opening of this office is in line with the KSA government’s Regional Headquarters Program and a key milestone enabling LTIMindtree to support, manage, and direct its strategic business initiatives in the region. This also aligns with KSA’s wider vision for 2030, strategy for economic diversification, development, and growth.

This new office, situated in Riyadh’s iconic business district and lifestyle destination, King Fahd Road, was inaugurated on June 11, 2024, in the presence of Dr. Suhel Ajaz Khan, the Ambassador of India to the Kingdom of Saudi Arabia; Tareq Amin, CEO, Aramco Digital; and Debashis Chatterjee, CEO & MD, LTIMindtree.

Debashis Chatterjee, CEO & MD, LTIMindtree, said, “Saudi Arabia is a key market for the future of IT, and our expansion upholds our commitment to bringing innovation here. We believe Saudi Arabia’s ambitious Vision 2030 provides an ideal framework for us to leverage our extensive technology expertise and help empower the Kingdom’s talent and technological landscape. The opening of this office is a key milestone, enabling us to support, manage, and direct our business in the MENA region.”

Tareq Amin, CEO, Aramco Digital, “The new office marks a significant step forward in our shared journey towards progress. This collaboration is a testament to the growing global interest in Saudi Arabia as a hub for cutting-edge technology and talent. We look forward to this partnership’s positive impact on our economy and the opportunities it will create for our people.”

LTIMindtree has been actively expanding its global footprint. The Indian company has doubled down on its investment in Europe with significant expansions. They have invested in a Poland Nearshore Center and expanded operations in Germany, Finland, and Denmark. This is part of their strategy to enhance their Industry 4.0 capabilities and grow their partnerships with hyperscale. 

LTIMindtree and IBM Collaborate on watsonx CoE for Generative AI

LTIMindtree and IBM have joined forces to establish a Generative AI Center of Excellence (CoE) in India. This collaborative initiative combines the power of IBM's watsonx AI and data platform with the engineering skills of LTIMindtree, a global technology consulting and digital solutions company.

The CoE aims to drive open innovation and accelerate the adoption of generative AI solutions by organizations. The joint Generative AI Center of Excellence (CoE) in India, a co-innovation center combining the power of the IBM watsonx AI and data platform and the engineering skills of LTIMindtree.

LTIMindtree brings its expertise in data and machine learning model customization, along with full-stack engineering capabilities. The CoE leverages IBM's watsonx technology suite, including watsonx.ai, watsonx.data, and watsonx.governance, as well as AI assistants.

The center, located in India, will focus on building point solutions that help clients adopt generative AI more effectively.

Benefits to Clients

LTIMindtree offers watsonx.governance integration with the Canvas.AI platform. This collaborative toolkit enables organizations to strategically incorporate AI governance frameworks throughout the entire AI lifecycle, ensuring compliance with ethical standards and responsible AI practices.

The CoE provides an enterprise data modernization and warehouse augmentation service powered by watsonx.data. This service enhances existing data warehouse capabilities using IBM's technology and LTIMindtree's tailored solutions.

This collaboration represents a significant step toward advancing AI technologies and empowering businesses to achieve success with robust governance. By funneling the latest AI research andsolutions innovations into real-world , LTIMindtree and IBM are poised to make a meaningful impact in the field of generative AI.

LTIMindtree and Vodafone Collab To Offer Connected and Smart IoT Solutions

LTIMindtree, a global technology consulting and digital solutions company, has announced a collaboration with Vodafone, a leader in managed Internet of Things (IoT) with over 175 million connections worldwide.

This partnership aims to deliver connected and smart IoT solutions that will enable Industry X.0 and digital transformation across multiple sectors.

The collaboration will leverage LTIMindtree's Insight NXT platform (iNXT) and Vodafone’s IoT Managed Connectivity to offer advanced capabilities in AI, machine learning, predictive maintenance, digital twin, supply chain visibility, sustainability, energy management, worker safety, sensorization of assets, augmented reality, and virtual reality training.

Gemma Barsby, UK Head of IoT at Vodafone, expressed enthusiasm about supporting the real-time delivery of IoT managed services to clients, which will drive cost efficiencies and greater productivity. Monish Mishra, Chief Business Officer- iNXT at LTIMindtree, highlighted the importance of continuous innovation and connected ecosystems for growth and differentiation.

This strategic partnership is set to design highly scalable, end-to-end solutions by harnessing IoT, Metaverse, Artificial Intelligence, and Machine Learning, delivering secure, connected ecosystems and outcomes over Vodafone’s Managed IoT Connectivity Network.

About Industry X.0, it is the leap into the future of manufacturing, where technology not only supports operations but actively enhances and transforms them. It's a significant shift from simply automating processes to using data and analytics to drive intelligent action.

LTIMindtree Introduces Composable Storefront Solution on Salesforce for Retailers To Create Customized Shopping Experiences

LTIMindtree has introduced the Composable Storefront Quick Launch solution on Salesforce Commerce Cloud to enable retailers to create customized shopping experiences that align with their business demands and elevate customer interactions in the e-commerce space.

The solution follows a modular, cloud-native, and tech-agnostic approach, allowing businesses to adapt quickly without incurring excessive costs.

It is built using loosely coupled components integrating independent modules like product catalog management and payment processing.

Businesses can efficiently customize and upgrade without system-wide impact.

Out-of-the-Box Capabilities

With over 20 best-in-class UI enhancements and features to kickstart B2C commerce experience in addition to leveraging all out-of-box capabilities including features such as:

• Einstein Product Recommendations (AI)
• Personalization
• Campaign Management
• Wishlist

These capabilities provide a rapid kickstart for e-commerce ventures.

Custom Features

• Enhanced user experience (UX)
• Dynamic Marketing Pages leveraging the Page Designer capability
• Store Locator with Google Maps
• Order History

Benefits

• Accelerate time-to-market by 30% to 40%
• LTIMindtree claims that it boost sales by 10% to 15% within a quarter
• Enable B2C buyers to discover and purchase products easily
• Lay the foundation for growth across channels and geographies

Transitioning from Legacy Platforms

Conventional e-commerce solutions (legacy or monolithic platforms) are slow to update and difficult to customize.

LTIMindtree says that its Composable Storefront allows businesses to prepare for future-oriented actions by maximizing adaptability in their technology stacks.

In summary, this solution empowers retailers to create unique and personalized customer experiences, driving growth and operational efficiency in the digital commerce landscape.

LTIMindtree and Aforza Setup Virtual Training Academy

LTIMindtree's partnership with Aforza goes beyond just offering Aforza's solutions. To ensure successful implementation and maximize client benefit, LTIMindtree has established a dedicated Aforza Training Academy. This virtual academy, led by Aforza's Customer Success Enablement team, focuses on training and certifying a team of LTIMindtree consultants into Aforza experts. 

This academy is a strategic investment for both companies. LTIMindtree gains a team with deep understanding of Aforza's CRM and TPM solutions, specifically designed for the Consumer Products industry. This will allow LTIMindtree to deliver superior service and drive digital transformation for their clients in this sector [3]. Aforza, on the other hand, benefits from a wider reach through LTIMindtree's established network and expertise in digital transformation.

Overall, this partnership with the Aforza Training Academy at its core is a win-win for both companies, enabling them to empower Consumer Product businesses with cutting-edge solutions and industry-specific knowledge.

This collaboration aims to empower businesses to grow profitably and safeguard margins through comprehensive omnichannel pricing control. It will enable access to real-time data insights, enhancing planning and decision-making capabilities. Additionally, the partnership promises to boost field productivity throughout the value chain by delivering a world-class user experience. With industry-specific offline mobile apps, professionals can work from anywhere, ensuring flexibility and efficiency. 

The initiative will also focus on increasing distribution, availability, stock accuracy, and fulfilment rates. Furthermore, it will provide robust measures to manage compliance issues effectively and prevent fraud, ensuring a secure and compliant operational environment.

Overall, this partnership with the Aforza Training Academy at its core is a win-win for both companies, enabling them to empower Consumer Product businesses with cutting-edge solutions and industry-specific knowledge.

Aforza is a software company founded in 2019 that offers a cloud-based solution called the Consumer Goods Industry Cloud. This platform is designed specifically to address the needs of businesses in the Consumer Goods industry. It goes beyond a simple CRM (Customer Relationship Management) system, also encompassing Trade Promotion Management (TPM) functionalities.

Aforza is built on the Salesforce and Google Cloud Platforms which means they can scale fast and deliver continuous innovation with 3 releases a year. It offers a suite of tools that tackle various aspects of sales and planning for Consumer Goods companies.  

Aramco Digital and LTIMindtree Partner To Launch An IT Services Company in Saudi Arabia

Aramco Digital, the digital and technology subsidiary of Aramco, and LTIMindtree are partnering for launching an IT services company in Kingdom of Saudi Arabia.

The joint venture, being formed under the Aramco Namaat Industrial Investments Program, aims to accelerate digital transformation and provide IT services in the Kingdom of Saudi Arabia and the MENA region.

LTIMindtree has reportedly acquired a 51% stake in a joint venture with Aramco Digital, a subsidiary of Saudi Aramco.

The future company would showcase innovation in action, including disruptive digital services, and transformative industry 4.0 systems integration capabilities. This collaboration is expected to support the Kingdom’s Vision 2030 by creating highly skilled jobs for Saudis in this sector.

Nabil Al Nuaim, Aramco Senior Vice President of Digital and Information Technology and a board member of Aramco Digital said, “This is a pivotal partnership effort to leverage the power of digital transformation and unlock unprecedented opportunities for innovation and sustainability in the region. The joint venture aims to foster the localization of the IT services vital sector, create valuable jobs, and pave the way for a brighter future in the Kingdom.”

Sudhir Chaturvedi, President and Executive Board Member, LTIMindtree said, “LTIMindtree is fully aligned with the Saudi Vision 2030. We are pleased to have been selected as the trusted partner for the joint venture. KSA and MENA are amongst the fastest growing regions globally in the adoption of new technologies. We are committed to delivering new technology-led growth to the region. With Aramco Digital, we will bring our global capabilities and expertise and leverage new technologies to deliver digital transformation suitable for giga projects, the government sector, high growth industries, energy, manufacturing, and the financial services sector.”

Aramco Digital CEO, Tareq Amin said, “We are excited about this collaboration, which will align with Aramco Digital’s solutions offerings, which capitalize on high demand for customized and scalable solutions. The powerful combination of Aramco Digital’s business, coupled with LTIMindtree’s deep engineering capabilities and customer experience solutions, has the potential to unlock tremendous value for the region. It reinforces our joint efforts to support Vision 2030 and deliver world-class and sustainable value to our customers and employees, while working toward creating local jobs and expertise with a competitive edge.”

Fosfor, the Product Arm of LTIMindtree Launches Fosfor Decision Cloud (FDC)

The platform harnesses the power of Artificial Intelligence to unify the modern data ecosystem from curating data to managing model development to enabling insight discovery, ultimately allowing users to make better business decisions more quickly.

Fosfor, a product division of LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, at its Foton 2024 event, announced the launch of the Fosfor Decision Cloud (FDC). The FDC is a connected fabric that helps companies organize data to build automated, modular, trustworthy data transformation pipelines, build and deploy impactful AI applications, and harness the power of AI to make better business decisions, faster.

Currently companies need to create their own collection of disconnected point solutions to facilitate the transformation of data into business insights. The Decision Cloud represents the next step in the evolution of formerly disconnected data and AI investments into a modern decision stack that augments the data-to-decisions journey using three new innovations:

• Fosfor AI: The GenAI-powered assistant that helps with frequent tasks across the data-to-decisions journey such as constructing data pipelines, generating ML model code, constructing natural language prompts, and curating data stories. Fosfor AI radically increases productivity for virtually any user persona, thereby reducing time-to-insights and accelerating the realization of business outcomes.
• Fosfor Semantic: The knowledge graph used by all FDC capabilities to organize and maintain the integrity of data, define data relationships, and enable the application of advanced analytics to the data. Because Fosfor Semantic is used to facilitate everything from data integration to AI algorithm development to insight generation, it vastly accelerates all steps of the data-to-decisions journey.
• Fosfor UX: The design system through which all capabilities are accessed using consistent navigational elements and constructs, curated for specific personas based on their commonly used workflows and goals. Fosfor UX flattens the learning curve and simplifies collaboration across various personas, allowing all users to adapt more quickly to the FDC platform.

The FDC is supported by a robust partner ecosystem anchored by Snowflake, Fivetran, Amazon Web Services, Microsoft Azure, the Google Cloud Platform, and GoldenSource. Snowflake, the Data Cloud company, and Fivetran are FDC launch partners.

“The Decision Cloud marks a major milestone in the evolution of Fosfor and is a major breakthrough in the way businesses can develop and deploy AI to achieve business value,” said Debasis Satpathy, Chief Business Officer, Fosfor. “To elevate the impact of business outcomes, the Decision Cloud brings all the required capabilities onto a single platform, along with powerful insight tools, to support every persona involved in an accelerated data-to-decisions journey. We are excited about the impact the FDC is going to have on the business effectiveness of AI.”

“Organizations across industries continue to struggle with the fragmentation of applications and tools,” said Tarik Dwiek, Head of Technology Alliances, Snowflake. “With the Fosfor Decision Cloud seamlessly integrated into Snowflake, customers can now tap into a single experience to fully democratize their data and fuel their data-driven decision making.”

“Fivetran is pleased to be Fosfor’s launch partner for automated data movement,” said Scott Jones, Chief Revenue Officer, Fivetran. “Providing the foundational capability to integrate with virtually any data source to cost-effectively bring business data into cloud warehouses where the Decision Cloud can then transform it into insights and business value. Using our library of 400+ connectors, Decision Cloud users can focus on building outcome-targeted data products that accelerate their insights journey. We look forward to working together with Fosfor to define the modern decision stack and create transformational outcomes for our customers.”

Learn more about the Fosfor Decision Cloud at www.fosfor.com.

LTIMindtree and Insurance Firm Eurolife to Setup Gen Al and Digital Hubs in Europe and India

LTIMindtree and Eurolife FFH Sign MoU to Setup Gen Al and Digital Hubs in Europe and India

The multi-million-dollar partnership will enable widespread adoption of AI and digital solutions across insurance, banking, shipping, and manufacturing industries

LTIMindtree a global technology consulting and digital solutions company, today signed a Memorandum of Understanding (MoU) with Eurolife FFH, a leading insurance company in Athens, Greece powered by Fairfax Digital Services, to establish first-of-its-kind Gen Al and Digital Hub in Athens and dedicated facilities in Poland, Europe and Mumbai, India.

The MoU was signed by Sudhir Chaturvedi, President and Executive Board Member, LTIMindtree, Alexandros Sarrigeorgiou, Chairman & CEO, Eurolife FFH Insurance Group and Sanjay Tugnait, President & Chief Executive Officer, Fairfax Digital Services, in the presence of Kyriakos Mitsotakis, Prime Minister of Greece at the residence of Greek Ambassador in Delhi. This announcement also aligns with the Government of India’s newly introduced “Anusandhan” scheme, aimed at catalyzing innovation and research within technology and startup ecosystem.

As a part of this association, Eurolife FFH will set up Generative Al and Digital Hub in Athens to develop innovative solutions for insurance businesses in Greece and LTIMindtree will provide deep domain expertise and support from its dedicated facilities in Poland and Mumbai. Professionals from both the companies will jointly undergo specialized training in Generative Al and Digital Transformation to develop cutting edge products and services that will enhance customer experience and operational efficiency for businesses across insurance, banking, shipping, and manufacturing industries.

Alexandros Sarrigeorgiou, CEO of Eurolife FFH, said, “This partnership is aligned with our ambition of leveraging the power of advanced technology to deliver innovation for our customers and partners. Our goal is to innovate; specifically in insurance space, and push boundaries to create solutions that meet evolving needs of customers across various other industries. This collaboration is a step towards a future where Gen AI and digital innovation will drive business success and enhance customers’ experience.”

Sudhir Chaturvedi, President and Executive Board Member, LTIMindtree, said, “Our collaboration with Eurolife FFH forms a crucial part of our strategic roadmap, aimed at driving transformative growth for businesses by unlocking the true potential of Gen AI. By merging LTIMindtree’s innovation capabilities with Eurolife FFH’s domain expertise, we are staging a platform for an accelerated adoption of new technologies to address the industry’s most pressing challenges, while establishing new benchmarks in both domestic and international markets.”

Sanjay Tugnait, President, and CEO of Fairfax Digital Services, said, “As Greece and India unite in establishing a Gen AI and Digital Hub, our collaboration transcends borders and algorithms. Together, we engineer a convergence of technological prowess, laying the foundations for creating leading edge industry solutions to enable revenue generation and cost optimization for businesses with a focus on enhancing customer experience. This partnership exemplifies the fusion of diverse cultures and shared visions, which will shape the future landscape of artificial intelligence and digital transformation.”

LTIMindtree Launches GenAI Powered Autonomous Sourcing Platform

The platform boosts productivity by 20% and reduces overall procurement cost by 10-15%

LTIMindtree, a global technology consulting and digital solutions company, today announced the launch of Navisource.AI, a GenAI powered autonomous sourcing platform. Using the power of AI driven pricing and negotiation engine, the platform aims to reduce overall procurement cost by 10-15 percent.

Navisource.AI revolutionizes procurement with AI, streamlining processes from requisition to risk management. It integrates with LLM and Model Catalogs via Canvas.AI, enhancing enterprise workflows. Compatible with Ariba and SAP S/4HANA, it provides comprehensive navigational and decision-making support.

“We believe that GenAI will drive transformation in three dimensions: functional reimagination, paving new ways of working, and intelligent automation. Enabling business transformation using GenAI is core to our strategy. With the reliability and trust in AI increasing, we foresee more autonomous AI-driven business processes being orchestrated. Navisource.AI will simplify indirect procurement processes, bring predictability, and free up a lot of time spent on manual activities so that procurement functions can focus more on strategic initiatives,” stated Vineet Moroney, Senior Vice President, and Global Head of Enterprise Apps, LTIMindtree.

Procurement teams can use Navisource.AI for market research, pricing intelligence and recommendations with cost efficiencies at its core. The analysis engine powered by GenAI understands the requirements and arrives at the best fit sourcing strategy. It also eliminates manual touchpoints and enhances collaboration across supplier, procurement function and requestor.

LTIMindtree Launches Hybrid Cloud Management Platform; Canvas CloudXperienz

LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, has announced the launch of its SaaS based hybrid cloud management platform Canvas CloudXperienz. The platform, powered by Artificial Intelligence for IT Operations (AIOPs), helps enterprises explore the full potential of digital transformation initiatives across their cloud management spectrum and redefine the way businesses manage and optimize their hybrid cloud infrastructure and applications; while providing unparalleled efficiency, security, and scalability.

Cloud-based platforms serve as the backbone of Digital Transformation leading to service integrators increasingly adopting them to improve user experience, business observability and time to market.

“In an era where technology is a driving force for change, LTIMindtree’s Canvas CloudXperienz stands as a testament to our ability to adapt, evolve, and lead. Its groundbreaking features and capabilities will undoubtedly set new industry standards and redefine the way our customers experience innovation,” said Nachiket Deshpande, COO and Whole-time Director, LTIMindtree.

The LTIMindtree Canvas CloudXperienz platform provides a 360-degree observability of the business and IT environment which helps users measure the performance trends, peak and off-peak business requirements, benchmark enterprise applications, infrastructure, and cloud resources optimally. This leads to increased efficiency with 40-70% automation of services and freeing up their employees’ time for other strategic tasks.

Canvas CloudXperienz, an ISO 270001 certified platform, has a holistic business centric approach to manage the traditional on-premise infrastructure and applications as well as the cloud based workloads and applications. It aims to increase productivity by up to 75% and provide a plug and play option to the existing tools with select modules to achieve greater flexibility. The platform also provides simplified and enriched user experience, enables quicker cloud adoption, generate actionable insights for business operations and provide complete visibility and control of the cloud costs by finding significant resource optimization opportunities.

Financial Operations (FinOps) is an integral feature of the Canvas CloudXperienz platform and by integrating with LTIMindtree Infinity, it brings in seamless correlation of cloud performance and contracts data to optimize cloud spending and drive business value. The FinOps solutions is designed to provide cost visibility analysis, spend analytics, resource allocation and optimization recommendations, chargeback recommendations and help customers plan for major transformation and modernization initiatives and manage and optimize their cloud costs effectively.

The hybrid cloud management platform, Canvas CloudXperienz, has been built by LTIMindtree with contributions from key partners ScienceLogic, ServiceNow, and Delinea. With the Canvas CloudXperienz platform, LTIMindtree aims to improve the business outcomes and agility of the customers and empower them in making more environmentally conscious choices.

For more information about the Canvas CloudXperienz platform and its features, please visit here.

LTIMindtree Integrates Its Subsidiaries Syncordis and Nielsen+Partner to Form Banking Transformation Practice

LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced integration of its subsidiaries; Syncordis and Nielsen+Partner to form a specialized Banking Transformation Practice (BTP). LTIMindtree’s BTP is uniquely positioned to deliver end-to-end Consulting, Digital and IT services, leveraging commercial off-the-shelf (COTS) products and platforms serving Banks and Capital Market firms.

Post this announcement, the shares of LTIMindtree gained up to 2.4 %, on Thursday.

LTIMindtree acquired Syncordis in December 2017 and Nielsen+Partner in January 2019. Through this integration, LTIMindtree aims to combine complementary capabilities of two successful companies with a proven track record in delivering industry-leading growth.

Nachiket Deshpande, Whole-Time Director and Chief Operating Officer, LTIMindtree, said, “We envision the newly formed Banking Transformation Practice to deeply serve our global clients, empower strategic partnerships and deliver productized services. We are confident that by enabling end-to-end transformation for our clients, BTP will help LTIMindtree deliver industry-leading growth.”

Guillaume Desjonqueres, Chief Executive Officer, Syncordis, said, “In LTIMindtree BTP, customers will find a partner, large enough to champion their end-to-end complex transformational aspirations and nimble enough to care deeply for them. We are excited about this integration, the potential of deeply serving our global clients and success it brings for all of us.”

LTIMindtree’s BTP will offer customers significantly enhanced product/platform capabilities, a more diverse set of end-to-end, core-to-consumer offerings further augmented by deeper industry partnerships and a highly skilled talent pool.

LTIMindtree and Farmers Edge Launch Farmers Edge Innovation Lab (FEIL) in Mumbai

Farmers Edge and LTIMindtree Unveil FEIL – Mumbai: A Pioneering Agricultural Innovation Hub Redefining Farming in India

Farmers Edge, a pure-play digital agriculture company, and LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, today announced the launch of the Farmers Edge Innovation Lab (FEIL) in Mumbai.

The newly launched innovation hub, powered by Fairfax Digital Services, is set to redefine agriculture in India. By integrating cutting-edge AgTech with global digital solutions expertise FEIL will secure early victories and tangible results, laying the foundation for scaling generative AI projects.

Farmers Edge brings advanced capabilities in remote sensing and agronomic modeling, empowering farmers, and enterprise clients with unparalleled insights. Partnering with LTIMindtree, FEIL is poised to create a nexus of expertise and knowledge exchange between North America and India. LTIMindtree’s advanced technologies that includes GenAI, IoT, Automation, and Drones, will work towards elevating farming in the country to provide high crop yields at low input costs. The launch of this innovation lab marks a significant milestone in the evolution of agriculture in India, setting the stage for a future where technology and tradition would harmonise to drive prosperity in the fields.

FEIL’s mission is to educate and empower India’s farmers, providing tailored solutions that enhance yields, reduce costs, and ensure a prosperous and sustainable future for Indian agriculture. The lab will focus on key aspects crucial to the Indian market such as:Weather: Analysing weather patterns and their impact on crop production.
Soil: Ensuring a comprehensive understanding for maximising yields while improving soil health.
Crop Cycles: Assisting farmers in optimising field processes to add significant value to the agricultural value chain.

Speaking on the occasion, Vibhore Arora, CEO of Farmers Edge, expressed, “We are thrilled to lead such an incredible initiative for India’s agriculture with LTIMindtree. This is more than just an innovation hub, FEIL-Mumbai will provide the necessary support to the agricultural revolution, creating sustainable and efficient, data-driven solutions tailored to the specific needs of Indian farmers.”

Nachiket Deshpande, Whole-Time Director & COO, LTIMindtree said, “At LTIMindtree, our efforts to build solutions are always focused on fostering an ecosystem where ideas and innovations flourish. With the launch of this innovation lab, our best talent and technology will revolutionise sustainable farming in India.”

“Creative Innovation Lab is a great step forward to bring global technology in India to support sustainable farming practices and enhancing farmers’ yield. Aligned with UN SDG Goal #2, Farmers Edge (a Fairfax Company) and LTIMindtree are poised to uplift the food supply chain, keeping sustainability at heart. As a Co-Chair of G20 Startup 20 Sustainability Task Force, I am very pleased to witness how digital technology is truly creating an impact on the ground, quite literally,” said Sanjay Tugnait, President, and CEO of Fairfax Digital Services.

As a testament to the international collaboration, Farmers Edge and LTIMindtree are facilitating the cross-pollination of best practices from North America to India. The specific goals include sustainability, yield enhancement, and cost reduction for Indian farmers. FEIL – Mumbai aims to create a tailored setup, focusing on weather, soil, and crop cycles unique to the Indian agricultural landscape.

LTIMindtree and Microsoft To Introduce Generative AI-powered Employee Engagement Apps

LTIMindtree Collaborates with Microsoft to Deliver AI Powered Employee Engagement Applications

LTIMindtree has announced a strategic collaboration with technology giant Microsoft to introduce cutting-edge, AI Powered Employee Engagement Applications. This collaboration marks a significant leap forward in delivering enhanced employee and customer experiences.

To be build under LTIMindtree’s Canvas.AI suite of AI offerings and solutions, these Generative AI Powered Employee Engagement Applications will redefine enterprise effectiveness and enable greater personalization. Canvas.AI is an AI/ML powered platform that enables 'Insights fueled software delivery acceleration' across the software delivery lifecycle.

LTIMindtree’s Generative AI-powered Employee Engagement Applications utilize Microsoft Azure OpenAI Service and Azure Cognitive Search to enable a range of AI-led capabilities including: content summarization, graph-led knowledge structuring, and an innovative copilot. This transformative approach is set to enhance the cognitive intelligence within organizations, setting a new standard for employee engagement applications.

Nachiket Deshpande, Whole-Time Director and Chief Operating Officer, LTIMindtree, said, “Our collaboration with Microsoft for Generative AI Powered Employee Engagement applications signifies a major leap towards transforming industries and delivering innovation. This collaboration signifies our commitment to pushing the boundaries of what is possible, enhancing the employee experience for enterprises globally. We believe that by harnessing the capabilities of generative AI, we can drive meaningful change and unlock unprecedented value for our clients."

“We’re excited to expand our collaboration with LTIMindtree,” said Kelly Rogan, Corporate Vice President of Global System Integrators and Advisory Partners at Microsoft. “LTIMindtree is delivering innovative employee engagement applications, built on Azure OpenAI Service, that will drive business transformation for customers."

LTIMindtree also inaugurated a Microsoft Cloud Generative AI Center of Excellence (GenAI CoE), recently. This centre serves as a hub for innovation, enabling customers to scale their digital transformation initiatives utilizing the power of Generative AI.

As a pioneer in technology partnerships, LTIMindtree is at the forefront, using their early access to Microsoft 365 Copilot and Azure OpenAI Service to pilot this cutting-edge technology with select internal groups, drawing on its extensive experience to share learnings, and offer advice on best practices for client engagements. Earlier this year, LTIMindtree was recognized in the Microsoft US Partner of the Year Award in the AI category, and by Microsoft India for its innovative AI solutions in the Microsoft AI Solutions Foundry Program. This collaboration represents synergy between LTIMindtree’s AI transformation expertise, strategic insights, and industry experience with Microsoft’s cloud platform.

LTIMindtree Partners UK-based Metasphere to Deliver Smart Sewers Solutions

LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced that it has been selected as a strategic partner by Metasphere, a wastewater application specialist, to scale their Smart Sewers management platform. As a part of this engagement, LTIMindtree will transform Metasphere’s next-generation wastewater monitoring solution portfolio, and enable scalable delivery and platform to their customers.

Metasphere, part of Grundfos, provides smart network management solutions to the global utility industry. The company helps customers prevent leaks and spills for a cleaner, greener world and has deployed more than 200K sensors for their customers worldwide. By leveraging cutting-edge technology, the company offers intelligent, innovative, all-in-one wastewater application solutions. These solutions provide full network visibility, performance and forecasting that reduce telemetry ownership cost for customers to manage time-critical remote assets and system.

Sudhir Chaturvedi, President and Executive Board Member, LTIMindtree, said, “We are excited to partner with Metasphere, a Grundfos company, in their modernization program. With increasing focus on utilities worldwide, it has become critical to improve service delivery, reduce accidents and deliver real time insights to customers. After careful consideration by our team of experts, LTIMindtree took Metasphere’s cloud architecture and optimized it for AWS scale and cost. This transformation is enabling Metasphere in optimizing up to 25% of the total cost, while delivering almost unlimited scale and enhanced performance.”

Tim O’Brien, Chief Executive Officer, Metasphere, said, “This engagement is key to our ability to deliver modern, scalable solutions to all our utility clients worldwide. In LTIMindtree, we found an expert partner to support our diverse needs and bring in additional innovative offerings that we can integrate in our system in the future. We are confident that this partnership will bring us closer to our vision of leveraging our solutions to serve at least 10% of world’s population by 2040.”

The modernised solutions designed by LTIMindtree and built on AWS have significantly reduced Metasphere’s customer onboarding time from days to minutes and activated faster rollout of new features.

Paddy Fitzpatrick, UKI ISV Head, AWS, said, “We are excited to see organisations like LTIMindtree deliver innovative solutions for the water industry by building on AWS. This collaboration between LTIMindtree and Metasphere will give the utility industry access to new solutions such as real-time network visibility and wastewater monitoring to help reduce costs and enhance performance. Together, we can help the utility industry leverage the power of cloud to drive business value.”

LTIMindtree Launches and Tests Quantum-Safe VPN Link in London

LTIMindtree Launches and Tests Quantum-Safe VPN Link in London in Collaboration with Quantum Xchange & Fortinet

A market-leading initiative to secure data transmission for the approaching quantum era

LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, has launched a state-of-the-art Quantum-Safe Virtual Private Network (VPN) link at its London premises. This is an exciting move towards the era of quantum-secure communications, where data transmission is protected today from the looming “harvest now, decrypt later” threat. LTIMindtree’s Quantum-Safe VPN demonstrates the practical application of Post-Quantum Cryptography (PQC) within a live network, using quantum-based key generation and out-of-band key delivery, which is secured by Post-Quantum Cryptography algorithms that are on track for standardization by NIST, thereby bolstering the security and integrity of encrypted data.

LTIMindtree’s Quantum-Safe VPN platform is realized in close collaboration with its partners Quantum Xchange, a leader in quantum-safe communication solutions, and Fortinet, the global cybersecurity leader driving the convergence of networking and security. Quantum Xchange provides the quantum hardware and software that enable the generation, distribution, and management of quantum keys, while Fortinet’s FortiGate firewall provides the VPN functionality that integrates quantum-safe keys with standards-based VPN protocols. LTIMindtree leverages its integration and domain expertise to implement and operate the Quantum-Safe VPN link across its active network.

Aan Chauhan, Chief Technology Officer, LTIMindtree, said, “As a forward-looking partner, LTIMindtree is dedicated to anticipating and addressing the future challenges of quantum safe security. Our collaboration with Quantum Xchange and Fortinet underscores this commitment. We are committed to enhancing our expertise in quantum-safe security solutions, ensuring we offer the latest tools and approaches. This is integral to our mission of providing top-tier security for our customers in an evolving threat landscape.”

This platform offers several benefits and opportunities for its customers and stakeholders. LTIMindtree’s Quantum-Safe VPN setup, designed as a robust testbed, not only drives the development of industry-specific solutions, but also creates avenues for its customers to co-create industry aligned prototypes and pilots using this advanced infrastructure. LTIMindtree’s customers can benefit from the opportunity to experiment with quantum-safe technologies and explore their potential applications and use cases in various sectors and scenarios.

Eddy Zervigon, CEO of Quantum Xchange, said, “Joining forces with LTIMindtree for this innovative quantum-safe VPN project is the start of a forward-thinking partnership. Our quantum-based key generation and management solutions, combined with LTIMindtree’s integration expertise and Fortinet’s VPN devices, provide a robust and secure communication infrastructure that offers stronger data security today is ready for the quantum era. This collaboration underscores Quantum Xchange’s commitment to a quantum-secure future and our belief in the strength of collective innovation.”

By adopting quantum-safe communication solutions, LTIMindtree can ensure a high level of data security for its own operations and for its clients, protecting their sensitive information from the quantum threats of today and tomorrow. LTIMindtree can also provide its customers with guidance and support in their quantum-safe journey, helping them to prepare for the quantum future.

Ben Wilson, VP of Product Management at Fortinet, said, “Working alongside LTIMindtree and Quantum Xchange, we are thrilled to be able to combine the mature and field-proven VPN capabilities of our FortiGate Next-Generation firewall with our long-term commitment to innovation. As we navigate the complexities of the digital age, it’s important that we stay ahead of potential threats. With this partnership, we are delighted to collaborate with like-minded companies to build quantum-safe solutions for the future.”

LTIMindtree’s Quantum-Safe VPN platform is a groundbreaking initiative that showcases the feasibility and benefits of quantum-safe communication solutions in a real-world setting. LTIMindtree, in collaboration with Quantum Xchange and Fortinet, has successfully encrypted data across its active network using quantum-based key generation and out-of-band key delivery, addressing the looming “harvest now, decrypt later” threat today. The Quantum-Safe VPN platform opens new possibilities for its customers to leverage this cutting-edge infrastructure and co-create quantum-safe solutions for their specific needs and challenges. LTIMindtree, along with its partners, is committed to preparing businesses for the quantum era and ensuring their data security and privacy, with more such efforts, in the long term.

For more on LTIMindtree’s Quantum-Safe VPN platform, please click here.

With Effective Generative AI Scaling Upto 40% Reduction in Business Costs Possible, Believe Business Leaders – LTIMindtree Survey

LTIMindtree Survey Unveils Blueprint for Successful Generative AI Adoption

Business leaders believe up to 40% reduction in business costs is possible if generative AI is scaled effectively

LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, today released the findings of its study, ‘The State of Generative AI Adoption – The Current Landscape and Lessons from Early Adopters’. This study offers insights gathered from early adopters in mid to large-sized organizations, presenting a roadmap for the seamless integration of generative AI. The research emphasizes the need for customized approaches tailored to specific business requirements, enabling enterprises to secure early victories and tangible results, laying the foundation for scaling generative AI projects.

“Generative AI is at the forefront of every company’s agenda, but its seamless integration poses a challenge,” said Nachiket Deshpande, COO and Whole-time Director, LTIMindtree. “However, our study underscores the peril of viewing Gen AI as a mere novelty rather than a transformative force at the core of a business strategy. Early adopters are already reaping its benefits. By meticulous planning, tailored strategies, and a focus on bias mitigation, businesses can harness generative AI for remarkable outcomes. Using Gen AI to advance business and corresponding ethical policies goes hand in hand. Organizations that address ethical challenges will proceed with confidence.”

Conducted in collaboration with market research agency Coleman Parkes, the survey engaged 450 business leaders from the United States, Europe, and the UK. These leaders represent companies already utilizing generative AI or planning its near-future integration.

Key Findings:

• Distinctive Paths for Leaders: The survey unveiled the United States as a frontrunner in generative AI adoption, with 61% of early adopters based there, in contrast to 39% in Europe
• Industry Adoption Rates: The retail and consumer packaged goods sector (20%) and manufacturing (20%) emerged as pioneers in generative AI adoption, with the healthcare and life sciences industry trailing behind
• Competitive Edge Through Skilled Personnel: Access to skilled and knowledgeable personnel emerged as the top factor enabling early adopters to gain a competitive advantage (69%)
• Challenges for Late Adopters: Operational costs were identified as the most significant barrier for business leaders who are yet to embrace generative AI (85%)
• Mitigating Bias Challenges: Early adopters have effectively implemented measures to address potential bias created by generative AI
• Impressive Results: One-third of early adopters report a 20 percent or higher increase in revenue due to Gen AI, with 8 percent experiencing a substantial 20 to 40 percent decrease in costs. Notably, experienced Gen AI users achieved even greater savings, with 19 percent reporting a 20 to 40 percent reduction in financial expenditures.

LTIMindtree recently launched its Canvas.ai generative AI platform, which is designed to accelerate companies’ concept-to-value journey using mindful AI principles. Visit here to read LTIMindtree’s generative AI research report.

LTIMindtree Delivers 5.2% YoY USD Revenue Growth

Strong order inflow of USD 1.3 billion; marks a YoY growth of 20%

LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced its consolidated results, on Thursday, for the second quarter ended September 30, 2023, as approved by its Board of directors.

“Our results in the second quarter were highlighted by strong revenue growth of 5.2% YoY, in USD terms, along with a healthy operating margin of 16% despite wage hikes across the organization. This all-round performance, in a challenging business environment, demonstrates the strength of our capabilities and disciplined execution.

Our robust order inflow at USD 1.3 billion, representing a 20% increase YoY, and growth across our client bands speaks to the strength of our client relationships, robust delivery and our ability to address the priorities of our clients across their efficiency and transformation mandates”, said, Debashis Chatterjee, Chief Executive Officer and Managing Director

Key financial highlights:

Quarter ended September 30, 2023

In USD:

• Revenue at $1,075.5 million (growth of 1.6% Q-o-Q / 5.2% Y-o-Y)
• Net profit at $140.4 million (growth of 0.2% Q-o-Q / decline of 5.0% Y-o-Y)

In INR:

• Revenue at ₹89,054 million (growth of 2.3% Q-o-Q / 8.2% Y-o-Y)
• Net profit at ₹11,623 million (growth of 0.9% Q-o-Q / decline of 2.2% Y-o-Y)

Other highlights:

Clients:

• 737 active clients as of September 30, 2023
• $10 million+ clients increased by 13 on a Y-o-Y basis, total 90
• $20 million+ clients increased by 3 on a Y-o-Y basis, total 41
• $50 million+ clients increased by 3 on a Y-o-Y basis, total 14

People:

• 83,532 professionals as of September 30, 2023
• Trailing 12 months attrition was 15.2%

Deal Wins

• One of the largest semiconductor manufacturers in the world has chosen LTIMindtree as their key digital transformation partner to modernize its SAP application landscape, enrich user experience, streamline business processes, and deliver contemporary digital operations across both SAP S/4HANA and SAP Cloud Solutions.
• A leading US-based apparel retailer with over 900 stores has selected LTIMindtree for multi-year managed services deal for Application and Infrastructure services.
• A US-based insurance and retirement major has awarded LTIMindtree with a multi-year application development and maintenance program. This program comprises 500+ applications across different services: Development, Testing, and Maintenance.
• A US-based global fast-casual restaurant chain chose LTIMindtree as their strategic Digital Transformation partner, to provide Application Development & Support, Data & Analytics, Quality Engineering & Assurance Services.

Partnerships

• LTIMindtree achieves Top tier GSI partnership with Informatica, a global leader in MDM and Data Management space. Together, we empower organizations to achieve data excellence @speed and @scale by building modern data platforms on cloud.

Recognitions

• Recognized as a ‘Leader’ in Everest Group’s Payments IT Services PEAK Matrix® Assessment 2023.
• Recognized as a ‘Major Contender’ and ‘Star Performer’ in Everest Group’s Digital Twin Services PEAK Matrix® Assessment 2023.
• Recognized as a ‘Major Contender’ and ‘Star Performer’ in Everest Group’s Data and Analytics (D&A) Services PEAK Matrix® Assessment 2023.
• Recognized as a ‘Major Contender’ in Everest Group’s Digital Workplace Services PEAK Matrix® Assessment 2023 – North America
• Recognized as a ‘Major Contender’ in Everest Group’s Life Sciences Smart Manufacturing Services PEAK Matrix® Assessment 2023.
• Recognized as a ‘Major Contender’ in Everest Group’s Digital Workplace Services PEAK Matrix® Assessment 2023 – Europe
• Featured in Forrester’s Commerce Services Landscape, Q3 2023.
• Recognized as a ‘Major Contender’ in Everest Group’s Cloud Services PEAK Matrix® Assessment 2023 – North America
• Recognized as a ‘Visionary’ in the 2023 Gartner® Magic Quadrant™ for Public Cloud IT Transformation Services.

*GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Announcements

The Board of Directors have approved an interim dividend of ₹20 per equity share of par value ₹1 each.