“CTOs today are at the center-stage of a disruptive evolution in ER&D”
Commitment expected from your Tech Head
We ourselves are a technology-based transformation enabler. Thus our CIO equivalent is rather a CTO who is responsible for internal as well as external business excellence needs based on engineering services proposition. Our CTO office is driving innovation through path breaking initiatives such as Tech Panorama that includes enhancing our IP bank. We have already developed over 300 patents, many of them co-authored with our customers.
On a macro perspective, the role of CIOs in the overall business decision-making process has indeed transformed radically. CIOs no more confine themselves to mere IT services enablement. In fact they are now at the center-stage of disruptive evolution by acting as key change catalysts particularly on the backdrop of the ongoing digitalization wave. This digitization wave is giving rise to new business models and thus CIOs now are not only responsible for embracing technologies but in fact now have an evolved role of shaping growth of organization.
We have successfully launched the unique student-industry engagement initiative named TECHgium to encourage and nurture aspiring latent particularly the engineering student communities. The second edition of this initiative promises to be as exciting as the first edition held last year. The response has been very encouraging with 220 institutes and over 17,000 engineering students signing up for the TECHgium 2018, including marquee institutes like IIT Roorkee, BITS Pilani, Delhi College of Engineering & NIT, among others.
We also started the CEO Club earlier this year, aimed at tapping the formidable talent pool within our organization. The five CEO Club members for 2017 recently attended executive programs in Ivy League institutions like Cambridge Business School, Wharton & Stanford to hone their skills in business management, strategy and leadership.
Investment Plans for FY 18-19
We will continue to build our proposition around the four pillars of transformational change. Towards this we aim to take the organic as well as inorganic route. Organic route involves digital reskilling of our human assets. Under the inorganic avenue, we have recently acquired Escencia and set up a CoE in Israel.
As a technology enabler we are placing our bets on four key aspects namely digital engineering, smart manufacturing, pervasive technologies and perceptual engineering. The four are not mutually exclusive; they are in fact interconnected threads of technology with considerable overlaps. Through these technology pillars, L&T Technology Services will be relevant today, tomorrow and the day after and become the global leader in engineering services in the years to come.